The crypto market is settling down on Monday after a weekend of stage invasions, explicit coins and support from the president of El Salvador.
The past few days saw the staging of Bitcoin 2021 – billing itself as the largest crypto event in history, and welcoming tens of thousands to talk about digital currencies.
Arguably the most significant news was El Salvador President Nayib Bukele’s announcement that bitcoin will be treated as legal tender in the country, pending congressional approval. But one of the most notable events had nothing at all to do with bitcoin, as a stage invader ripped off a layer of his clothes and shouted: “Dogecoin to the Moon!”
The market itself is largely flat on Monday – up slightly as a whole, but only by 0.7 per cent, and with all of the biggest cryptocurrencies seeing largely similar performances.
Here is all the latest news from the crypto markets.
Market mostly flat
It’s an uncharacteristically flat day in the markets today: ethereum, which is up 1.42 per cent, is the most volatile of all the big coins. The rest – bitcoin, cardano, even the perennially excitable doge – have all moved about 0.5 per cent or less.
Andrew Griffin7 June 2021 10:25
El Salvador president adds laser eyes to his profile picture and declares bitcoin legal tender
The president of El Salvador has declared bitcoin “legal tender”, allowing it to be used as an official form of currency in the country.
President Nayib Bukele is the first world leader to formally adopt bitcoin or any other decentralised cryptocurrency, and emphasised his enthusiasm for the digital currency by adding “laser eyes” to his Twitterprofile picture.
Andrew Griffin7 June 2021 10:25
‘A new space race has begun’
Now cryptocurrency exchange Bitmex says it is planning its own moon mission: to put bitcoin there first.
Elon Musk has comented on the plans on Twitter. “A new space race has begun!” he wrote.
Andrew Griffin7 June 2021 10:25
