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Bitcoin News Roundup for Aug. 3, 2020

After a flash-crashy weekend, CoinDesk's Markets Daily is back with your quick daily update.

Updated Sep 14, 2021, 9:39 a.m. Published Aug 3, 2020, 4:00 p.m. 1 min read
Markets Daily Front Page Adam Lyllah

After a flash-crashy weekend, CoinDesk's Markets Daily is back with your quick daily update.

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today's Bitcoin News:

Bitcoin Investors Unshaken By Sunday's Flash Crash, Data Suggests

Bitcoin investors look to have shrugged off Sunday’s sudden $1,400 price crash.

First Mover: July Was a Runaway Month for Crypto Returns

Crypto traders didn't have to be choosy to make money in July, when every digital asset in the CoinDesk 20 rose (except, of course, for the stablecoins).

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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Trace Mayer (Trace Mayer)

The creator of the Mayer Multiple argues bitcoin’s growing economic substance is compressing volatility and attracting deeper capital.

What to know:

  • Bitcoin volatility has dropped from around 120 in 2017 to 35 as institutional participation and options markets add stability to the asset.
  • Mayer believes lower volatility makes bitcoin more investable for corporations, family offices, and institutional investors.
  • Despite long-term concerns around miner security incentives and quantum computing, Mayer remains bullish...