Contextualizing the week’s crypto market movement
By Coin Metrics|2022-01-22T02:20:58+00:00January 20, 2022|Parker Merritt, State of the Market|
With rate hikes on the horizon and bond yields surging, global markets are bracing for yet another week of choppy price action. While U.S. central bankers maintain their newfound rhetoric of relative hawkishness, commodities like oil and coal are quietly [...]
By Coin Metrics|2022-01-19T14:42:06+00:00January 13, 2022|Parker Merritt, State of the Market|
The 2nd week of the year kicked off with red candles and red tape, as crypto continued to shed billions in market cap heading into a renewed round of Congressional commentary. On the heels of his recent renomination as Fed [...]
By Coin Metrics|2022-01-07T01:09:50+00:00January 7, 2022|Parker Merritt, State of the Market|
For many investors, 2022 began not with a bang but a whimper, as crypto and traditional markets alike responded to skittish sentiment across a variety of macro concerns. Initially, U.S. equities kicked the year off with a strong start as [...]
By Coin Metrics|2021-12-30T17:22:19+00:00December 30, 2021|Jon Geenty, State of the Market|
We end the year on a less enthusiastic note as Bitcoin and Ethereum pull back once more as traders unwind their 1231 futures position and investors look to lock in gains. The broader equity markets continue to push to all [...]
By Coin Metrics|2021-12-30T17:13:31+00:00December 24, 2021|Jon Geenty, State of the Market|
The markets hung on this past week and tested support as we moved closer to the holiday break for traditional markets. Bitcoin remains priced around $50k and Ethereum just north of $4,000. A notable project climbing up the ranks this [...]
By Coin Metrics|2021-12-18T23:39:36+00:00December 16, 2021|Jon Geenty, State of the Market|
The crypto markets showed renewed signs of life following the Federal Reserve's decision on Wednesday. The central bank projected expectations for three interest rate increases next year, but the tone was received as less aggressive than the market had priced [...]
By Coin Metrics|2021-12-10T16:55:51+00:00December 9, 2021|Jon Geenty, State of the Market|
Risk may be back on in the equity markets but this past week the crypto markets felt heavy. A down day across equities on Friday was followed by a swift pullback in crypto with a flash crash early Saturday morning. [...]
By Coin Metrics|2021-12-06T01:05:29+00:00December 2, 2021|Jon Geenty, State of the Market|
Last Friday we saw broader market volatility following the selloff in the equity markets, ending in the worst day for the Dow all year (down about 2.5%). The overall sentiment has been a risk-off rotation following fears of the Omicron [...]
By Coin Metrics|2021-11-19T22:25:39+00:00November 18, 2021|Jon Geenty, State of the Market|
The broader market pulled back this week as we came off of last week's all-time-highs. At the time of writing, Bitcoin is back around $58k, over $10,000 from the high; Ethereum trades around $4,000, roughly $850 off its high. Open [...]
By Coin Metrics|2021-11-13T20:33:48+00:00November 11, 2021|Jon Geenty, State of the Market|
Another week of all-time-highs with plenty of dynamic market activity to keep things interesting. Bitcoin reached a high of $69,000 this week following a release of inflation numbers, showing the U.S. hitting a three-decade high in October with price increases [...]
