- As El Salvador made bitcoin legal tender on September 7, cryptocurrency prices crashed.
- Insider spoke to five crypto trading experts to understand what happened and what’s next for the market.
- They also explain why they think solana’s sol token managed to defy the odds and surge as prices crashed.
On September 7, the crypto community around the world turned both its attention and “laser eyes” to El Salvador as the country officially made bitcoin legal tender.
Hailed as “Bitcoin Day”, Monday was expected to mark a momentous occasion for the community. Instead, it was overshadowed by a significant crash in the value of a broad range of cryptocurrencies.
—Michael Saylor⚡️ (@michael_saylor) September 6, 2021