Appraising Growth in Digital Asset Markets
In this week’s issue of State of the Network, we take a closer look at the shift in digital asset market sentiment, leveraging market data and datonomy™ sector classification to contextualize the latest market movements
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Bitcoin Becomes Legal Tender
On June 9th the El Salvador congress passed a bill officially making bitcoin (BTC) legal tender. A pivotal moment for bitcoin and crypto at large, El Salvador is now the first country to recognize BTC as a satisfactory form of payment [...]
Trading Volume Trends
Over the last month, ether (ETH) trading volume has caught up with bitcoin (BTC) volume on Binance, the largest exchange in the world. While BTC led by a fairly large margin in the beginning of the year ETH volume took [...]
Stability After The Crash
The crypto market has been tested over the last few weeks following a cascade of negative news. The resulting price crash has also been a big test for stablecoins, which are increasingly becoming a critical part of the ecosystem. On May 19th [...]
Bitcoin’s Big Shift: A Data-Driven Analysis of the May 2021 Crypto Crash
Over the last two weeks crypto was hit by a double tsunami of negative news. First, Elon Musk kicked things off by announcing Tesla would no longer be accepting bitcoin (BTC) payments and adding critical Tweets about Bitcoin’s energy usage. [...]
In Retrospect, It Was Inevitable
After helping push bitcoin (BTC) price to close to $60K just three months ago, Elon Musk sent the markets in the opposite direction this past week with a series of Tweets about crypto. To kick things off, Musk Tweeted that Tesla had [...]
The State of Bitcoin: Q2 Reset
After a big Q1 bitcoin (BTC) has been relatively quiet so far in Q2, even as ether (ETH), Dogecoin (DOGE) and other cryptoassets have exploded. In 2020 and early 2021 changing macroeconomic conditions helped fuel BTC’s rise and bring in a new [...]
Ethereum’s Institutional Evolution
Ether (ETH) once again reached new all-time highs this past week. Price climbed to over $3,300 after dropping below $2,100 less than two weeks ago. But although ETH is breaking new highs in terms of USD, it’s still well below [...]
State of the Network’s 100 Crypto Data Insights
State of the Network just turned 100! In a special edition to celebrate the release of the 100th issue of State of the Network we’ve put together 100 crypto data insights. The insights include a mix of on-chain data and [...]
Introducing the Crypto Futures Data Primer
After topping $63K last week bitcoin (BTC) came crashing back down to earth this weekend. Following Coinbase’s IPO on Wednesday market sentiment was at a high amidst a rush of new media coverage. But by the end of the week [...]