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1. | parent_author | "" |
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parent_permlink | hive-167922 |
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author | drax.leo |
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permlink | october-27th-2020-price-of-bitcoin-decoupling-from-stocks |
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title | "October 27th 2020 - Price of Bitcoin Decoupling from Stocks?" |
---|
body | "Yesterday's "Big News" failed to materialise. If the rumours about something to "dwarf anything related to US presidential elections" had any basis in reality, someone worked very hard and ultimately succeeded in suppress it.
In the meantime, greatest non-news related to US politics was actually something that could easily affect that country for decades to come. [Amy Cone Barrett was confirmed and sworn in](https://nypost.com/2020/10/26/supreme-court-justice-amy-coney-barrett-sworn-in-at-white-house/) as the next US Supreme Justice, thus giving conservatives 6-3 majority in that body. Although this new balance of power will probably have major implications on all sorts of political issues US public and media were obsessed about (gun control, abortion, voting process controversies), US media considered this as non-event because Barrett's confirmation was considered to be a done deal, with Republicans having clear majority and Democrats admitting that they couldn't do anything about it, at least not before the elections. Absence of drama, at least compared with Brett Kavanaugh affair two years earlier, is refreshingly positive news, although everyone might treat as as calm before the storm that is about to errupt after Election Day.
Stock market took a dive yesterday, but Bitcoin remained steady around 13,000 US$ (unlike altcoins that expereinced losses). It's to early to tell whether it is an established trend, but price of Bitcoin seems might be in the process of decoupling from the stock market.
Price of Bitcoin was also unaffected by what is now considered to be the biggest Bitcoin transaction of all times - namely [1 billion US$ worth of Bitcoin](https://decrypt.co/46346/someone-just-sent-1-billion-in-bitcoin-paid-only-3-in-fees) from a Xapo wallet to two other adresses. This huge "non-event" also featured incredibly insignificant amount of 3 US$ in transaction fees, again reminding everyone about indisputable advantage Bitcoin blockchain has over traditional forms of money transfers.
Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@drax.leo/october-27th-2020-price-of-bitcoin-decoupling-from-stocks)" |
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extensions | [] |
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transaction_id | 500a709bdca0bb9519d557bf0b4f2eab4e7b2622 |
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block_num | 48,158,264 |
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transaction_num | 19 |
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20. | ref_block_num | 54,839 |
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ref_block_prefix | 3,428,058,939 |
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expiration | 2020-10-27 08:59:47 |
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operations | 0. | 0. | vote |
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1. | voter | bert0 |
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author | rollie1212 |
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permlink | -64sa812x7h031l117p3nahy0lox6uv7r |
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weight | 40 |
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extensions | [] |
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transaction_id | fe1f0e3c5345ce919d6fbec909de8790d538024d |
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block_num | 48,158,264 |
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transaction_num | 20 |
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