..aaaand, we’re back at it again — a misbehaving bitcoin price. Sunday evening bitcoin flash-crash dipped a red candle the size of Jupiter; and more eerily, it kept dropping down on Monday morning, touching below $111,000.

Now, around here in the land of bitcoin price therapy, we say that nobody knows why prices move. But sometimes, we do… though not as well as we would like. Today, I discuss two things: the last 24 hours’ worth of shenanigans and Fed Chairman Jerome Powell’s remarks late last week. 

An Unruly Bitcoin Price

Late Sunday (European time) was pretty disgusting:

It’s hard to say “nobody knows” when a chart looks like that; somebody knows…

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