> ## Content Index
> Fetch the complete content index at: https://research.glassnode.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Coinbase + Glassnode: The Q1 Guide to Crypto Markets
- URL: https://research.glassnode.com/the-q1-2024-guide-to-crypto-markets/
- Published: 2024-01-08T17:18:56.000Z
- Updated: 2024-08-30T12:43:02.000Z
- Description: The Guide to Crypto Markets is a joint publication of Coinbase Institutional and Glassnode, and aims to provide a comprehensive view of the metrics and trends that matter the most to institutional investors.
- Author: Glassnode
- Tags: Bitcoin Analysis & Research, Partner Reports

The Guide to Crypto Markets is a joint publication of Coinbase Institutional and Glassnode, and aims to provide a comprehensive view of the metrics and trends that matter the most to institutional investors.

Over 44-pages, the Guide dives deep into a myriad of topics, including: 

- Bitcoin
- Ethereum
- Stablecoins
- Derivatives
- Portfolio allocation
- Market overviews

For institutional investors aiming to better understand the shifts that are happening in the digital asset space, this Guide is essential reading. You can download it for free [here](https://get.glassnode.com/q1-2024-guide-to-crypto-markets/).

The 44-page Guide includes many highlights and key takeaways. Here are two of particular note.

### A change in correlations

Crypto has historically shown low correlations with traditional asset classes. 2022 was an exception, when nearly all assets traded down in tandem, but 2023 saw a reversion to historical norms, indicating that crypto can be a source of idiosyncratic risk.

![](https://storage.ghost.io/c/25/7e/257e6d23-09bb-4d1c-b3ed-16ff70eb3f9f/content/images/2024/01/Screenshot-2024-01-08-at-13.33.58.png)

Slide 6 of the Guide to Crypto Markets

### Bitcoin dominance rose again in 2023

Crypto dominance measures a cryptocurrency’s market capitalization as a percentage of the total market cap of all cryptocurrencies. Bitcoin dominance rose in 2023 with a flight to quality and as the market grew increasingly bullish about the approval prospects for spot bitcoin ETFs. Some market participants also view the April 2024 BTC halving as a potentially positive price catalyst.

![](https://storage.ghost.io/c/25/7e/257e6d23-09bb-4d1c-b3ed-16ff70eb3f9f/content/images/2024/01/Screenshot-2024-01-08-at-13.37.19.png)

Slide 5 of the Guide to Crypto Markets

These are just two of many insights you will find in the Guide to Crypto Markets. Make more informed decisions in Q1 by downloading it [here](https://get.glassnode.com/q1-2024-guide-to-crypto-markets/).