Resting due to a sore throat and traditional accompanying aches & pains, I happened to notice a headline on CNN:
No, but seriously: What’s going on with bitcoin?
(Here’s the thread pointer.) The content is hiding behind a paywall for which I have no ladder, so I checked WaPo, to which I do have a subscription, although WaPo owner Jeff Bezos destroyed the basics of such a news source with 30% layoff yesterday: “Jeff Bezos remains committed to Washington Post amid brutal layoffs, top editor says“[1].
But nothing, yet. Nothing at Molly White’s site, Web3 is Going Just Great, either.
So here’s the CoinMarketCap trailing month chart for Bitcoin from a few minutes ago:
While I was watching it was down more than 30% for the trailing month; down more than 7% for the trailing 24 hours.
This is so not what you want in a currency, although the month drop of 30% is more worrying than the day. I’m not sure if Bitcoin and its cousins are considered representative of the United States, or independent thereof, but whatever everyone’s working model may be, this must have shaken things up.
Or is some grifter harvesting from the sheep?
1 I wonder if he was told to destroy it, or is just unskilled when it comes to the news sector. Amazon makes money, dude, WaPo wins Pulitzer Prizes – or at least that’s the goals.
