Empire Newsletter: A steep Sunday sell-off to start the week

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Just the Sunday Scaries?

Unlike most of the American crowd, the volatility in bitcoin didn’t take a breather to celebrate the holiday weekend. On Sunday, bitcoin hit $54,000 before bouncing back overnight. It’s currently trading around $57,000. 

Memecoins weren’t spared in the selloff, and certain tokens — like dogwifhat — are still leading the top 100 losers per CoinGecko data.

Is this all super surprising? Not really. Traders have summed the action up to Mt. Gox repayments coupled with selling pressure from the German…

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