SOTM Jan 4-10, 2024
Welcome to our 154th issue of State of the Market, where we provide an overview of crypto market activity from January 4 - 10, 2024. The SEC approves 11 spot Bitcoin ETFs, with Chair Gary Gensler casting the deciding vote to accept [...]
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SOTM April 29 – May 5, 2021
A lot happened in the past week aside from the continued Dogecoin run, despite what most coverage would have you think. Ethereum broke new highs again this week and continues to drift up above $3,500 riding a narrative of DeFi [...]
SOTM April 22-28, 2021
Volatility continued over the past week as we reached a few significant milestones in the market. Bitcoin and Ethereum trading diverged, with Bitcoin retesting lows not seen since early March and Ethereum proceeding to push to new all-time highs. We [...]
SOTM April 15-21, 2021
The market is suffering from a ‘hangover’ following the euphoria surrounding the Coinbase listing earlier this month. During the weekend trading session, a pullback in prices along with thin liquidity lead to a cascade of liquidations in the futures markets [...]
SOTM April 8-14, 2021
The saying “a rising tide lifts all boats” applied to crypto this past week as the Coinbase IPO lifted all coins. The shares were listed on April 14th under the ticker “COIN”, reaching a high of around $429 and closing [...]
STOM April 1-7, 2021
The markets were relatively quiet this past week. Bitcoin’s 30 day realized volatility reached low levels not seen since the start of the year. Ethereum continued to climb, peaking near new highs of around $2,150 on spot exchanges. There was [...]
SOTM March 25-31, 2021
Volatility dominated trading last week surrounding the expiry of the March futures and options contracts. As traders looked to work out of or roll out positions Bitcoin went through a temporary correction of roughly 10%, falling to nearly $50k from [...]
SOTM March 18-24, 2021
The market remained relatively quiet over the past week. No new high for Bitcoin but we did see brief enthusiasm following yet another press release from Tesla stating that you can now purchase a car with Bitcoin and that they [...]
SOTM March 11-17, 2021
This weekend marked another all-time high price for Bitcoin, momentarily holding above $61K. However, the move around the opening of the U.S. equity markets on Monday morning left many traders saying that “the weekend was wrong”. Bitcoin continued to retrace [...]
SOTM March 4-10, 2021
This week marks a potential turnaround in price action as Bitcoin continued its rally off of the drawdown seen at the end of February. Futures remain elevated with the December contracts at times trading at a premium of around 20% [...]