Bitcoin is rallying

Just in case you hadn’t heard, or are annoyed that folks aren’t writing about it: Bitcoin is rallying, up around 16% in the last week to a value of a little more than $18,000 as of this morning. Here’s a chart of its recent gains, via YCharts (note, it’s a tiny bit behind, so use the chart as a directional instead of absolute tool): What else is there to say about the rally? We could note that bitcoin miner revenue remains far below its historical peaks, despite some recent gains….

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