Remember, remember, the 7th of September

It’s one for the history books.

  • El Salvador enforced its new ‘Bitcoin Law’, which makes the cryptocurrency legal tender in the country

  • Dozens of Chivo Bitcoin wallets were halted due to ‘technical difficulties’

  • The crypto market bears witness to one of the worst crashes so far in 2021

  • Bitcoin falls by a massive 18%, managing to recover half that loss over the next 12 hours

  • Meanwhile, El Salvador uses the opportunity to ‘buy the dip’, purchasing another 150 Bitcoin in addition to 400 Bitcoin already in its reserves.

  • According to the country’s president, Nayib Bukele, global bigwigs like the International Monetary Fund (IMF) were behind the crypto market crash.