Every one of the top 10 most valuable cryptocurrencies rose significantly, marking a positive start to a new month for the crypto market. The relative recovery appears to back up the prediction of several prominent analysts that bitcoin and its rivals continue to have a bullish outlook for 2021 despite May’s price crash.
Tesla boss and part-time cryptocurrency enthusiast Elon Musk has once again been tweeting about his favourite meme currency, dogecoin. Replying to a proposition on Twitter on Monday night to DJ at a “Doge Festival”, Mr Musk wrote: “Sounds kinda fun”.
Meanwhile Changpeng Zhao (CZ), the CEO of the crypto exchange Binance, has made a veiled jab at the technology billionaire by claiming that bitcoin’s electricity consumption is not inherently bad, comparing it to electric cars.
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