Contextualizing the week’s crypto market movement
By Coin Metrics|2021-05-28T12:15:05+00:00May 27, 2021|Jon Geenty, State of the Market|
The selling will continue until morale improves. Over the past seven days we have seen a possible reversal in short term market sentiment as both Bitcoin and Ethereum remain trading at levels slightly above the lows of last week. Open [...]
By Coin Metrics|2021-05-21T20:11:11+00:00May 20, 2021|Jon Geenty, State of the Market|
In retrospect, it was inevitable. This past week we saw a pullback in markets, leading to a selloff that brought Bitcoin back down to a low of around $30k. On May 18th alone we saw roughly $8.5B in liquidations. The [...]
By Coin Metrics|2021-05-14T12:18:19+00:00May 13, 2021|State of the Market|
A week for the history books. Ethereum continued to move higher to another all-time-high price of around $4,350 as alternative blockchain technologies became more mainstream topics of discussion. This followed crypto’s previously beloved Elon Musk appearance hosting SNL, a banner [...]
By Coin Metrics|2021-05-07T00:30:39+00:00May 7, 2021|State of the Market|
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 [...]
By Coin Metrics|2021-04-30T14:22:28+00:00April 29, 2021|State of the Market|
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 [...]
By Coin Metrics|2021-04-22T22:12:58+00:00April 22, 2021|State of the Market|
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 [...]
By Coin Metrics|2021-04-21T21:53:58+00:00April 15, 2021|State of the Market|
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 [...]
By Coin Metrics|2021-04-21T21:59:44+00:00April 8, 2021|State of the Market|
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 [...]
By Coin Metrics|2021-04-06T13:25:49+00:00April 1, 2021|State of the Market|
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 [...]
By Coin Metrics|2021-03-26T17:49:11+00:00March 26, 2021|State of the Market|
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 [...]
