Bitcoin Weirdness Update

Kevin Drum didn’t get results after all:

Earlier today it looked like the peculiar streak of $10,000 low trades had finally come to an end. But no! The low trade for December 28 is now $10,000. Apparently the $10,000 trade comes at the end of each day.

This is very strange. Is it real? Is someone out there really willing to sell some bitcoin every day for $10,000? Is it an artifact of Coindesk’s tracking software? Something to do with the new futures market? Mind tricks from a Jedi trader? It’s pretty mysterious.

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DEMOCRACY DOES NOT EXIST...

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In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

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