By Coin Metrics|2023-03-24T17:29:47-04:00June 22, 2021|Nate Maddrey, State of the Network|
Weekly Research Focus Analyzing Bitcoin Dominance and the Altcoin Boom By Nate Maddrey and the Coin Metrics Team Bitcoin dominance dropped to under 40% on May 18th, just days before bitcoin (BTC) price crashed to its lowest levels since January. Bitcoin dominance is a [...]
By Coin Metrics|2021-06-21T22:11:38-04:00June 17, 2021|Jon Geenty, State of the Market|
Trade the chop. The past week was a fairly quiet period for an asset class synonymous with volatility. Bitcoin and Ethereum both remained rangebound trading between the highs and lows of the last few weeks. Open interest for Bitcoin began [...]
By Coin Metrics|2023-03-24T17:30:01-04:00June 15, 2021|Nate Maddrey, State of the Network|
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 [...]
By Coin Metrics|2021-06-21T17:09:33-04:00June 10, 2021|Jon Geenty, State of the Market|
The news from El Salvador cured the market’s post-Miami hangover. Earlier in the week Bitcoin tested lows nearing $30,000 after enthusiasts returned home from Miami’s Bitcoin Conference. Shortly after the conference, El Salvador passed legislation adopting Bitcoin as legal tender. [...]
By Coin Metrics|2023-03-24T17:30:13-04:00June 8, 2021|Nate Maddrey, State of the Network|
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 [...]
By Coin Metrics|2021-06-21T17:03:21-04:00June 3, 2021|Jon Geenty, State of the Market|
Market action was relatively muted over the past week as the saying “sell in May and go away” may have been the case for crypto markets. Both Bitcoin and Ethereum remained trading within the ranges set by the selloff and [...]
By Coin Metrics|2023-03-24T17:30:28-04:00June 1, 2021|Nate Maddrey, State of the Network|
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 [...]
By Coin Metrics|2021-05-28T12:15:05-04:00May 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|2023-04-06T16:24:44-04:00May 25, 2021|General Research, Lucas Nuzzi|
And it might be one of the most positive developments of 2021. Over the past few weeks, Bitcoin markets have had to deal with a swarm of bad news coming out of China. It started with rumors that miners in [...]
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