Extreme Volatility is Back...

Ever since equities tanked, the BTC market has been a roller coaster...

In March, we started with ~$9,000 BTC... watched it drop to under $5,000 a little over a week ago... and last night, we saw prices inch closer to $7,000.

All in all, this volatility has investors feeling like it's the good ol’ days. And it's true – the Bitcoin volatility index is hitting levels not seen since 2014.

Right now, the trailing 30-day estimate is at 10.60%. Even 2017, at the height of all the moonshot hysteria, didn’t have a number higher than that (7.7%).

That’s quite the jump (as expected during these times) but here's the thing...

People are confused.

Bitcoin has yet to make its statement as a clear "safe-haven" or "uncorrelated" asset during the ongoing crisis. The rolling 30-day correlation between daily returns on Bitcoin and the S&P500 hit all-time highs this past week.

We're not professional traders by any means, but here's our take on what may come next:

If global markets freak out again (which is very likely), we expect to see BTC reach lows again in the $5000s, $4000s or even $3000s. Other cryptoassets will likely test their own lows as well.

And if global markets ride yesterday's wave (again, doubtful), we're confident quality cryptoassets like BTC and ETH will be some of the best performing global assets coming out of the COVID-19 crisis.

Regardless, it's worth reminding everyone here that BTC fundamentals and long-term catalysts haven't been fazed one bit. If anything, they've strengthened... especially as the Fed's money printer goes BRRRR.

Ranked: US Cities with the Most Crypto Owners

New research from tax software startup CoinTracker dives into the adoption of crypto across the US.

According to their research, Ashburn, Virginia has more cryptocurrency users per capita than anywhere else in the US (huh?), but users in San Francisco are the wealthiest with over $55,000 in their crypto portfolio.


[TOMORROW] Announcing Teeka’s LIVE Crypto Q&A

Bitcoin just had its biggest one-day move since 2019… and experts are predicting this is only the beginning

While buying opportunities are aplenty, we urge you to join Teeka Tiwari tomorrow at 8PM for a LIVE question and answer session to discuss the explosive move in crypto – and how you can position yourself to profit. (No personalized advice.)

To register for Teeka’s LIVE crypto Q&A, click here now



An In-Depth Timeline of Maker’s Recent Crisis

On March 12th, decentralized finance (DeFi) platform MakerDAO faced its single worst day in history...

Against a global cascading monetary crisis, the value of ETH plummeted over 50%. This tipped off a cascade of liquidations across trading venues, DeFi protocols, and resulted in massive network congestion. MakerDAO, most of whose collateral is in ETH, had the unbelievable task of somehow having to liquidate 10x more loans in 24 hours than it had seen in its entire lifetime.

To understand how Maker made it through this crucible, Dragonfly Research walks us through this series of events and peels apart each layer of the stack.

The Coder and the Dictator

Gabriel Jiménez hated the Venezuelan strongman Nicolás Maduro. But he loved cryptocurrency. When he built the regime a digital coin, he nearly paid with his life.

This is the first time Jimenez has told his story. Even in the topsy-turvy world of crypto, we can't think of anyone who's had a wilder ride. It's a singular look at the toxic intersection of fringe finance and a failing dictatorship.


How to Navigate the Coronavirus Crash

There’s some good news...

We believe we’ve found one of the U.S. government’s favorites in the race to treat COVID-19.

In years past, this company’s drug was authorized to treat the Ebola virus.

And this year, they’ve announced a government partnership to develop therapeutics designed to treat COVID-19.

Click here to see this video warning, right away.



Keep Your Guard Up!

Corrupt politicians are currently trying to leverage your fear to take away some of your civil liberties. (h/t @nlw and @MartyBent)

That sounds super intense but unfortunately, it's true.

Here are some examples...
  • US Senators trying to pass a bill that effectively bans end-to-end encryption and allows the scanning of Internet communication en masse
  • Facebook, Google talk sharing phone data with government to fight coronavirus
  • Norway's second-biggest city to implement a system that continuously monitors people's location via phone data
  • The Justice Department has quietly asked Congress for the ability to ask chief judges to detain people indefinitely without trial during emergencies

1.2 Millon Italians Can Now Buy Bitcoin From Their Bank

Buying Bitcoin just got a lot easier for Italians...

Growing crypto adoption and the COVID-19 outbreak has encouraged Italian bank Banca Sella to offer its 1.2M customer base the ability to buy Bitcoin through their accounts, using a platform called Hype.

With over a million Italians choosing to bank with Hype, and 60,000 new customers being on-boarded each week, the bank’s decision to offer Bitcoin is pretty significant...

According to data from marketing analysis firm SEMRush, Bitcoin is actually the third-most preferred online payment method in Italy.


China's Central Bank is One Step Closer to Issuing its Digital Currency

The People’s Bank of China (PBoC), the country’s central bank, is said to have moved one step closer to issuing its national digital currency.

A Global Times report on Tuesday, citing “industry insiders,” said the PBoC appears to have completed the development of digital currency's basic function in collaboration with private companies.



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