Crypto market coverage
Contextualizing the week’s crypto market movement
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Contextualizing the week’s crypto market movement
By Coin Metrics|2022-06-23T18:14:43-04:00June 22, 2022|Parker Merritt, State of the Market|
The liquidation cascade has swelled into a tsunami as crypto firms nervously eye even their most credible counterparties. As the full extent of the Three Arrows Capital insolvency continues to unfurl, the fund’s creditors have scrambled to secure financing, providing [...]
By Coin Metrics|2022-06-16T13:34:17-04:00June 15, 2022|Parker Merritt, State of the Market|
The crypto rumor mill is churning with accusations of insolvency as leverage begins to unwind across the ecosystem. Second-order effects of the TerraUSD collapse are quickly setting in, with notable crypto lender Celsius Network on the brink of foreclosure after [...]
By Coin Metrics|2022-06-09T14:59:24-04:00June 8, 2022|Parker Merritt, State of the Market|
Hawkishness is back in vogue as central banks nix stimulus in an effort to curb decades-high inflation. On the heels of rate hikes from Australia, Canada, and the U.S., the European Central Bank has joined the tightening team, confirming they'd [...]
By Coin Metrics|2022-06-09T14:56:33-04:00June 1, 2022|Parker Merritt, State of the Market|
Crypto markets are struggling to regain composure as Bitcoin staggers around the $30K level. This week was characterized by more chop, with the correlation between cryptoassets and traditional finance on a slight retreat as the two sectors oscillate between risk-on [...]
By Coin Metrics|2022-05-26T02:20:29-04:00May 25, 2022|Parker Merritt, State of the Market|
Though the crypto slump has reached a state of strained stasis, investors remain wary of the market's downward momentum. For the first time in its history, Bitcoin has formed 8 consecutive red weekly candles, with a 9th negative close quickly [...]
By Coin Metrics|2022-05-19T03:30:30-04:00May 18, 2022|Parker Merritt, State of the Market|
Terra troubles continue to dominate headlines as crypto investors reluctantly recalibrate their risk management techniques. Following a failed campaign to prop up the TerraUSD stablecoin, the circulating supply of LUNA has ballooned exponentially, skyrocketing 1,000,000% to nearly 7 trillion coins [...]
By Coin Metrics|2022-05-12T16:19:32-04:00May 11, 2022|Parker Merritt, State of the Market|
All eyes are on LUNA as the Terra ecosystem implodes in what many pundits are dubbing crypto's 'Lehman Brothers' moment. After TerraUSD's brief reign as the 3rd-largest stablecoin, UST's peg to the dollar has unraveled, plummeting as low as $0.30 [...]
By Coin Metrics|2022-05-05T15:31:30-04:00May 4, 2022|Parker Merritt, State of the Market|
Institutions appear irritated as the cryptocurrency industry continues to encroach on traditional financial moats. On Wednesday, the IMF declared doubts about the Central African Republic's recent adoption of Bitcoin as legal tender, outlining "large risks" to the nation's "financial stability, [...]
By Coin Metrics|2022-04-28T17:20:03-04:00April 27, 2022|Parker Merritt, State of the Market|
Despite the humdrum price action, this week brought about a barrage of major crypto industry developments. On Tuesday, Fidelity Investments announced an innovative new 401(k) plan (dubbed a "Digital Asset Account") that would allow eligible individuals to allocate a portion [...]
By Coin Metrics|2022-04-21T19:07:15-04:00April 20, 2022|Parker Merritt, State of the Market|
With spot volumes slipping and volatility continuing to crater, crypto markets have remained relatively muted, extending Bitcoin's trend of consolidation at the $40K level. The conflict in Eastern Europe looms large, with increasingly aggressive Russian forces "claiming victory" over Ukraine's [...]