UK Markets open in 3 hrs 7 mins

Bitcoin price – live: Elon Musk says ‘new space race has begun’ as crypto market settles

·1-min read
<p>Bitcoin is staging a slow recovery at the start of June after a devastating month of losses in May</p> (Getty Images)

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.

Read More

Elon Musk sends adult-themed crypto price ‘to the moon’ after tweeting explicit emoji

Dogecoin price shoots up after Coinbase Pro listing prompts Elon Musk to claim Doge takeover is ‘inevitable’

Dogecoin: The Japanese rescue dog who became the unlikely face of a crypto sensation

What actually is crypto and why is it so chaotic right now? A beginner’s guide to bitcoin, ethereum, dogecoin and more

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting