Crypto Update | An Ode to LocalBitcoins (and a Lesson About Maintaining Bitcoin's Public Goods)
Markets Outlook
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Bitcoin - The Bigger the Base, the Higher End of Space
Bitcoin has rallied nearly 50% so far in the first seven weeks of the year, reaching a six-month high of $24,900. Bitcoin's 90-day correlation coefficient with the Nasdaq also has increased to 0.75, indicating that the two assets are largely moving in tandem. Other smaller cryptocurrencies turn bright green over the course of the day, with YGG and Smart Contract Platform near Protocol each rising more than 10%.
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