Happy Thursday, Blockfolians
Let’s start with the thing: bitcoin is up 17%+ on the day at the time of writing.
We discussed yesterday how bitcoin holding flat was reigniting debates around the narrative, and now there is a new term that everyone is discussing: decoupling. It is the idea that, while the selloff was driven by institutional investors forced to liquidate positions to get to cash, we’re now seeing a separation between bitcoin and stocks.
For our money, it’s a little too early to adopt any narrative whole hog…but we gotta admit, this looks good.
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Highly Relevant Reading
In the latest in the STEEM-Tron drama, Binance and Huobi announce support for new HIVE hard fork
Huobi becomes first crypto exchange to launch circuit breakers in the wake of last week’s market crash
The latest entrant to the decentralized storage market, Storj goes live
Hawaii is making it easier for crypto entrepreneurs with the introduction of a new two-year regulatory sandbox program
Not just STEEMers are watching the outcome of their hard fork with anticipation.
The Block @TheBlock__Steem community plans hard fork to expel Justin Sun’s Steemit https://t.co/fTnckaaLAz
Bitwise CEO sees the decoupling
A Really Big Number We Should Be Paying Attention To
That’s the target size for a new blockchain and digital asset hedge fund launched by a former Nasdaq strategist. Glad to see activity like this even in a tought market.
Everyone else can go home. This is the quarantweet of the crisis.
Stay safe out there!