Weekly Price Movements:
THETA was extremely active this week. It moved over to its mainnet, and had 50% price action in both directions. Futures traded significantly under spot during the run-up, and the expected reversion did in fact materialize. Futures are now trading slightly over spot with THETA back down in pre-mainnet price levels.
Hashrate futures have stabilized in the $20s for Q1 2021, implying that the market expects continued growth in overall hashrate output and difficulty.
BTC continued to range in the $9k’s, but the real action this week came in altcoins, with ETH, ADA, and others up a lot. Perhaps it’s a delayed reaction to BTC’s rise last month, or otherwise interest in ETH 2.0’s eventual release.
You can often see cool things about exchanges’ footprints on SimilarWeb. Here, for instance, is FTX’s; our top referring sites are CoinMarketCap, ElectionBettingOdds, and CoinGecko, which makes sense https://www.similarweb.com/website/ftx.com#referrals.
Others can unveil something more interesting: https://www.similarweb.com/website/kucoin.com.