Bitcoin and crypto crash: a guide for normies. – Slate

Bitcoin and crypto crash: a guide for normies. – Slate

As much as markets are going through it right now, cryptocurrencies are really going through it, and the myriad disasters haven’t abated just yet. Fortunes have been lost. Memes have been deflated. Normal people have had to learn what it could possibly mean that El Salvador is “buying the dip.” What does it mean? What’s going on with Bitcoin? Stablecoins, huh?? Let me catch you up.

Bitcoin Blowout

Let’s start with the biggest boy. On Monday, Bitcoin sharply plunged in…


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