Markets Plunged on China’s Crypto Crackdown, Shrugged Off Dreaded US Tax Provision

In the days following bad bitcoin-related press from Beijing and Washington, capitals of the number one and two largest economies in the world, bitcoin did strikingly different things: it dropped 30% on the China news in May, while it ran up 6.7% on the U.S. tax provision in August. CoinDesk's Galen Moore breaks down the Chart of the Day.