Bitcoin Weirdness Update

Kevin Drum didn’t get results after all:

Earlier today it looked like the peculiar streak of $10,000 low trades had finally come to an end. But no! The low trade for December 28 is now $10,000. Apparently the $10,000 trade comes at the end of each day.

This is very strange. Is it real? Is someone out there really willing to sell some bitcoin every day for $10,000? Is it an artifact of Coindesk’s tracking software? Something to do with the new futures market? Mind tricks from a Jedi trader? It’s pretty mysterious.


Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

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