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Bitcoin puke, Fed's BS and risk

The Market Ear Picture

Bitcoin continues to do what it has done best over past months; delivering huge volatility in single sessions and producing zero returns.

That is the opposite of what you should expect from any asset, but people still love bitcoin. On April 16, in our note, Bitcoin - could it be that easy?, we reminded our readers;

"Everybody got excited about BTC breaking up as COIN started trading. So far it looks like a false break out, but let's see how BTC trades in the coming days.