Markets & Macro
The economic forces that move every asset, crypto included.
Start with
- Markets & Macro · Beginner
What is inflation?
How the CPI and HICP turn price tags into one number, what drives inflation, and who it hurts.
Every explainer in Markets & Macro
- Markets & Macro · Beginner
Market capitalization explained
Price × supply: size bands for stocks, and why crypto market caps can overstate real money.
- Markets & Macro · Beginner
Bull vs bear markets
The 20% rule, corrections, recovery math and how crypto's booms and busts compare.
- Markets & Macro · Intermediate
What is market liquidity?
Tightness, depth and resiliency: how much it really costs to trade, and why liquidity dries up in a crisis.
- Markets & Macro · Beginner
What is volatility?
Standard deviation, beta and the VIX in plain numbers — and why big swings cost you even when averages look fine.
Terms used in this section
Glossary A–Z →- APR vs APY
Simple rate versus compounded yield, with the official formula and a worked example.
- Bid-ask spread
The gap between buy and sell prices, and how to turn it into a cost you can compare.
- Depeg
When a stablecoin slips from $1: causes, the 2023 USDC case and the UST collapse.
- Slippage
Why a swap fills at a different price than quoted, and how slippage tolerance limits it.
Other sections
All sections →Crypto Basics
What crypto is, how blockchains and wallets work
02Networks & Ecosystems
Bitcoin, Ethereum, Solana, layer 2s and smart contracts
03DeFi
Decentralized exchanges, lending, oracles and their risks
04Stablecoins & Payments
How dollar-pegged tokens work and where they break
05Fintech
Card rails, open banking, digital banks, instant payments, CBDCs
07Regulation
Who regulates what: SEC, CFTC, MiCA, AML rules and tax basics