BTC Is Up 92% From Last Month's Lows

Plus trading volume grows in the face of volatility.

Happy Monday, Blockfolians

The Lede

This week starts with somewhat better news (at least in terms of your favorite asset’s price) than we’ve had. Bitcoin finally punched about $7,000 and has now recovered well since last month’s crash.

Now, there are some who think that the overall market’s optimism is a little premature. Every week that lockdowns go on makes it harder for the economy to recover. Yet in a time where there has been precious little good news, we’ll take this!

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Highly Relevant Reading


Community Commentary

Although we’re still in the eye of the storm, some are starting to look to the other side.
In line with this, a crowdsourced document around the Second Order Effects of Coronavirus is making the rounds.

A Really Big Number We Should Be Paying Attention To

61%

That’s the growth in quarterly bitcoin trading volume between Q4 of last year and Q1 of this year. Volatility has its upside.


Final Thought

He’s not wrong though.