Why Yesterday Was One of the Most Illuminating Days in Bitcoin’s History

Posted on by American Coins & Gold

Why Yesterday Was One of the Most Illuminating Days in Bitcoin’s History
This episode is sponsored by NYDIG.Download this episodeYesterday was quite the day. A 6.2% inflation print led to a new bitcoin all-time high. Within hours, however, BTC’s price crashed 10% on an overall risk-off move in markets. That was precipitated by rumors that China’s Evergrande was about to default on its debts. NLW argues that the moves show how market structure and macro realities impact bitcoin.See also: Bitcoin Retreats From All-Time High, Empire Offers First Artist Advance in Bitcoin With Rapper Money Man“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by…