Crypto is on fire!

For Bitcoin to have recovered well above $10,000 USD so quickly was to be expected and perhaps therefore played out so smoothly - relatively speaking.

The quick recovery, which may not be free of a few setbacks as we proceed, shows a change in mindset among Bitcoin investors. Traders seem less panicked and there is more support for a long-term view underpinning the price.

But it seems as well that the speculative trading culture so familiar to our markets is now driving price movements in traditional markets as well, with high correlations recorded between Bitcoin and the US stock market. Coming Friday, do watch out for a special intelligence reports