Contextualizing the week’s crypto market movement
By Coin Metrics|2021-09-03T01:04:43+00:00September 3, 2021|Jon Geenty, State of the Market|
This time is different; well maybe not. Regulation is looming, Defi summer of 2020 is now NFT summer of 2021, and we are still awaiting the approval of a Bitcoin ETF. Bitcoin and Ethereum prices surged into the August month [...]
By Coin Metrics|2021-08-27T15:10:32+00:00August 26, 2021|Jon Geenty, State of the Market|
The chart from the past week resembles the “Bart” pattern which is all too familiar to traders in the space. Bitcoin saw an aggressive rally after the NYC close of the equity markets on Friday that continued through the weekend [...]
By Coin Metrics|2021-08-27T15:11:13+00:00August 19, 2021|Jon Geenty, State of the Market|
Both Bitcoin and Ethereum pushed higher this past week with Bitcoin briefly breaching $48,000 and Ethereum reaching around $3,300. Prices have pulled back slightly over the past two days. The move may have been more macroeconomic related than industry specific [...]
By Coin Metrics|2021-08-14T22:03:46+00:00August 14, 2021|Jon Geenty, State of the Market|
It feels like the bulls are back again. Over the past week the crypto community rallied together to help lobby American Senators to amend the Senate infrastructure bill to reduce cryptocurrency tax reporting requirements. Although the amendment to the bill [...]
By Coin Metrics|2021-08-06T14:30:30+00:00August 5, 2021|Jon Geenty, State of the Market|
Bitcoin and Ethereum price action diverged over the past week. Bitcoin continued to pull back from last week’s highs and is currently sitting below the $40k milestone in a range around $38k. This followed SEC Chair Gary Gensler’s comments at [...]
By Coin Metrics|2021-08-04T16:33:44+00:00July 30, 2021|Jon Geenty, State of the Market|
We have upward momentum once again. The asset class has seen broad week over week gains for the first week since May. Bitcoin now sits around $40k after a large move following the CME open on Sunday evening. Within a [...]
By Coin Metrics|2021-07-23T12:17:56+00:00July 22, 2021|Jon Geenty, State of the Market|
This week was a tough one as markets tested the lows again. Volume continued to decline across exchanges while Bitcoin briefly traded near $29,000 and Ethereum near $1,700. Both have since recovered slightly as the market rallied leading up to [...]
By Coin Metrics|2021-07-23T12:15:02+00:00July 15, 2021|Jon Geenty, State of the Market|
Volume continued to decline across the markets this week as the summer trading session moves on. Both Bitcoin and Ethereum tested the lows of the ranges that they have been trading in for the last three weeks. The futures’ yields [...]
By Coin Metrics|2021-07-23T12:11:20+00:00July 8, 2021|Jon Geenty, State of the Market|
6The past week was quiet as a large swath of market participants were out enjoying the summer holiday. Both Bitcoin and Ethereum continued to trade in the ranges between $30 - $35k and $2 - $2.2k, respectively. Notable news events [...]
By Coin Metrics|2021-07-23T12:11:37+00:00July 1, 2021|Jon Geenty, State of the Market|
Trading activity has been muted over the past week. Trading volumes continue to decline and futures open interest is down to at (depending on asset). Volatility temporarily rose into the expiration of the June futures but has resumed a general [...]
