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19 May 2021
4 min read

AM Notes: Bitcoin below 40k

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Bitcoin futures hit limit down overnight.

Loads of theories on what's driving it.

Musks comments, China regulation, Tether, the high-profile role of Bitcoin in the Colonial pipeline hack/ransom leading to tighter regulation, we're not short of 'explanations'.

New OCC Chief Signals Greater Caution on Crypto - CoinDesk
The OCC will review all of its crypto-related guidance and interpretative letters, its new chief said in prepared remarks on Tuesday.

None of these theories are new but apparently everyone suddenly cares about them at the same time.

Scanning Twitter, there seem to be a LOT of dip-buyers feeling

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