Yahoo Finance Bitcoin price – live: Elon Musk says ‘new space race has begun’ as crypto market settles
Bitcoin is staging a slow recovery at the start of June after a devastating month of losses in May
(Getty Images)Bitcoin, Ethereum (ether), and Cardano (ada) are enjoying a period of relative stability over the weekend, shifting by less than 1 per cent in price since Friday.
The headlines have instead been taken by NSFW altcoin CumRocket, which received an emoji endorsement from Elon Musk.
Following a quiet couple of days at the start of June, positive news about dogecoin being added to Coinbase saw a sudden surge in price for the meme-inspired cryptocurrency at the end of the week.
It shot up by more than a third within the space of just a few hours and continues to trade above $0.40 amid online rallying cries from the “Doge Army” to push it past its previous all-time high of $0.72 to $1.
Bitcoin, which had stuck to a relatively narrow band between $34,000 and $38,000 since late May, finally broke out of it on Thursday morning and looked to be testing $40,000 but has since slipped back down.
We’ll have all the latest news and updates from the crypto market right here.
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