This Bitcoin Dip Was Not Caused by FUD The Breakdown

Today on the Brief:
Home sales up, home supply down
Biden’s first test on the stimulus
Euro pessimism 
Our main discussion: Why the bitcoin dip wasn’t caused by FUD. 
Anyone paying attention this week had reasons for frenetic worry. Janet Yellen’s comments on criminal activity. Persistent questions around Tether. A non-story about a double-spend that got amplified by mainstream media. 
In this episode, NLW argues that none of these actually explains the dip. Instead, he argues, they were used by sophisticated traders to amplify the dip’s impact. 
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