Tag Archives: BTC-USD

After crossing below $6,000 for the 4th time in a week yesterday, Bitcoin surged overnight – jumping by as much as 10% at one point, the most in 3 months. BTC/USD, Daily Jun 2018(see more posts on BTC-USD, ) - Click to enlarge The 10% surge is a notable outlier after weeks of constant downward pressure, but we note it’s already fading modestly along with the rest of cryptos. Rest of Cryptos Price Change -...

A Convocation Of Gamblers The Wall Street Journal and BloombergView have just run articles on the shadow banking system in China.  This has put me in a nostalgic mood. About 35 years ago when I was living in Japan, I made a side trip to Hong Kong. I took the hydrofoil to Macau one afternoon and the same service back early the next morning.  On the morning trip, I am sure that I saw many of the same faces that I saw...