Surprising BTC Stability After Trump COVID-19 Diagnosis

Plus the third month in a row of DEX's doubling their volume

Happy Friday, Blockfolians

The Lede

Seriously what the hell was this week?

Trump defends disproved COVID-19 treatment

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.

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Highly Relevant Reading


Community Commentary

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

103%

That’s the growth in decentralized exchange volume between August and September - the third month in a row doubling


Final Thought

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