Category: Macro

Bitcoin Price Outlook for August: BTC Faces Some Important Tests in the Coming Weeks

Bitcoin Price Outlook for August: BTC Faces Some Important Tests in the Coming Weeks

Exactly one month ago today, bitcoin was trading below $20,000 per unit as crypto markets continued to react to growing levels of inflation and central bank policy. However, a month later, the world’s leading crypto token has moved above $23,000, despite consumer prices rising to multi-decade highs. So with this in mind, where could bitcoin […]

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January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take Total adjusted on-chain volume decreased by 20.3% to $626 billion. A total of 398,062 Ethereum, equivalent to $1.2 billion, was burned in January. NFT marketplace volume saw an all-time high with $7 billion in monthly volume. Centralized exchange spot trading volumes decreased by 20% to $833.5 billion. This research piece is available to […]

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FTX’s Sam Bankman-Fried explains why NFTs outperformed broader crypto markets

FTX’s Sam Bankman-Fried explains why NFTs outperformed broader crypto markets

The market for non-fungible tokens kicked off the year on solid footing, bucking the broader market rout that sent ripples across much of US equities and cryptocurrency markets.  Blue chip cryptocurrencies like bitcoin are down double-digit percentage points year-to-date, dragged down by the same macro fears that have put much of the stock market under […]

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Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements

Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements

Equities, crypto markets, and precious metals did well during the early morning trading sessions on Wednesday, just before the U.S. central bank wrapped up its Federal Open Market Committee (FOMC) meeting. While the Fed said in a statement that the benchmark interest rate would rise soon, the central bank’s lead Jerome Powell said the committee […]

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December by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

December by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take Total adjusted on-chain volume decreased by 13.2% to $785 billion. A total of 247,252 Ethereum, equivalent to $1 billion, was burned in December. NFT marketplace volume saw its first month-over-month increase since August. Centralized exchange spot trading volumes decreased by 25.7% to $1.04 trillion. This research piece is available to members of The […]

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Copper’s Fadi Aboualfa and The Block’s Larry Cermak unpack crypto markets in 2022

Copper’s Fadi Aboualfa and The Block’s Larry Cermak unpack crypto markets in 2022

As 2021 comes to a close, Copper’s head of research Fadi Aboualfa joined The Block’s VP of Research Larry Cermak and host Frank Chaparro to unpack the trends that shaped the crypto market this year as well as the future dynamics that might be on the horizon. Aboualfa highlighted the ascent of so-called meme cryptocurrencies […]

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November by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

November by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take Most Bitcoin metrics decreased, while most Ethereum metrics increased in November. Total adjusted on-chain volume increased by 5.6% to $904.2 billion. A total of 361,850 Ethereum, equivalent to $1.61 billion, was burned in November. Centralized exchange spot trading volumes increased by 8.3% to $1.402 trillion. This research piece is available to members of […]

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Current state of DeFi in 2021: Part 1

Current state of DeFi in 2021: Part 1

Quick Take This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report Maker was the largest lending platform by value locked and outstanding debt Curve and Uniswap v3 were the largest decentralized exchanges by value locked and volume, respectively dYdX outpaced other derivatives protocols in volume after the introduction of its […]

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October by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

October by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take Most metrics increased in October. Total adjusted on-chain volume increased by 24% to $856 billion. Ethereum miners generated a new all-time high of $2.95 billion in revenue. A total of 302,755 Ethereum, equivalent to $1.17 billion, was burned in October. Centralized exchange spot trading volumes increased by 3.8% to $1.294 trillion. This research […]

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