May 19 was the worst day bitcoin has seen this year and left some watchers wondering: did it destroy bitcoin’s narrative? The answer is, for those watching closely, it likely strengthened it.
Here’s why: bitcoin proved itself on Wednesday when it saw its second biggest volume day of the year, and market infrastructure did not break. Some exchanges suffered outages, but liquidity was available, as spot volumes show. Moreover, while a drop of over 30% may be dizzying for new buyers high…
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