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Markets

Weekly recaps and the vocabulary you need to read them.

Market Glossary

Market cap

Total value of all coins in circulation: price × supply.

Volatility

How sharply prices swing. Crypto is among the most volatile asset classes.

Stablecoin

A token pegged to a currency like the US dollar, designed to hold a steady price.

On-chain data

Public blockchain records used to gauge holder behavior and network health.

Halving

The programmed 50% cut to Bitcoin's mining reward every ~4 years.

Layer 2

Networks built on top of a blockchain to make transactions faster and cheaper.