Welcome Back to the Rollercoaster

Happy Monday, Blockfolians

The Lede

Just in case you had gotten a little too comfortable with the idea that bitcoin only ever goes up, this morning’s price action was a fun little jolt.

After another crazy weekend that saw the price of BTC get as high as $58,300, it crashed this morning all the way to under $50,000 on some exchanges before settling down between $53,000 and $54,000.

Astute observers will note that at these corrected prices, BTC remains a $1T asset - a goal that was barely imaginable a few months ago. Still, with more coins moving onto exchanges again, it may be that we’re in for some more turbulence ahead.

Buckle up friends, and enjoy the ride!

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Highly Relevant Reading


Community Commentary

Is this Satoshi’s Twitter account?
An important new piece from Alex Gladstein

A Really Big Number We Should Be Paying Attention To

$421.8M

That’s the inflows of Canada’s BTCC Bitcoin ETF in its first two days - a staggering amount that puts it on track to be Canada’s biggest ETF in 20 days.


Final Thought

<chef’s kiss>