Did 'The Simpsons' explain cryptocurrency?

The animated family sitcom show that first aired in 1989 has featured an explanation on the nature of cryptocurrency in its latest episode. The Simpsons is now in its 31st season, and for the 13th episode of the season it brought in Jim Parsons, best known for Sheldon Cooper in the The Big Bang Theory, to explain the concept of cryptocurrency.

What's going on with the crypto crash?

The crypto crash has been fairly widespread. Bitcoin and ethereum are the flagship prices that generally signal the overall health of the industry. Since January, bitcoin has fallen as much as 60 per cent, and is currently trading at about $US23,000.

Did a crypto crash wipe out $1 trillion in market value?

On Wednesday, a broad crypto crash wiped out about $1 trillion in market value — a staggering drop from $2.5 trillion just a week ago. Bitcoin, which accounts for more than 40% of the global crypto market, nosedived 30% to $30,000 on Wednesday, its lowest point since January.

What happened to cryptocurrency in May?

The cryptocurrency world has had a rough May so far. Since the start of the month, cryptocurrency has lost $600 billion of value. Bitcoin dropped to prices that haven't been seen since 2020, briefly dipping as low as $26,000 — though prices are currently sitting at around $30,000 as of today.