Surprising BTC Stability After Trump COVID-19 Diagnosis
Plus the third month in a row of DEX's doubling their volume
Happy Friday, Blockfolians
Seriously what the hell was this week?
First you have the absolute shenanigans with BitMEX we covered yesterday. Then late last night word spread like wildfire that the leader of the free world had contracted COVID-19.
Markets sold off a bit, but to be honest it was pretty minimal all things considered. Indeed, you can feel the palpable narrative shift from “why is bitcoin going down too” to “damn this asset is resilient.”
As he is wont to do, Travis Kling sums it up perfectly:
We wish you (and us) a much calmer weekend and week ahead.
Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.
Highly Relevant Reading
Coinbase implements “instant” withdrawals via Visa and Mastercard
More than 32,000 BTC has been withdrawn from BitMEX since news of the charges broke
Venezuela releases an Ethereum-based stock exchange to skirt sanctions
Cosmos is gaining momentum in India
This type of question is going to get a lot more common after the BitMEX case.
…an interesting idea…
A Really Big Number We Should Be Paying Attention To
That’s the growth in decentralized exchange volume between August and September - the third month in a row doubling
If you want some cool content, ETHOnline Summit is just beginning.