IOTA Being Shut Off Is the Latest Chapter in an Absurdist History
IOTA's 12-day outage shows the crypto markets aren't rational, at least not yet.
Traditional markets continue to struggle during the coronavirus crisis while cryptocurrencies are seeing an upswing.
Cryptocurrency markets stabilized somewhat as traditional financial markets found some footing Tuesday.
Crypto prices climbed with traditional market indexes Monday as traders wondered if bitcoin will remain a follower or break out and blaze its own path.
Bitcoin prices have been on a roller-coaster ride since Sunday afternoon after the Federal Reserve slashed rates a full percentage point and promised to pump $700 billion into the U.S. economy. But now bitcoin volume is picking up.
Using his personal holdings will help protect the IOTA Foundation's 12-month runway, according to David Sonstebo.