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Bitcoin price – live: Trump calls crypto a ‘scam’ after El Salvador president declares it legal tender

·1-min read
Bitcoin price – live: Trump calls crypto a ‘scam’ after El Salvador president declares it legal tender
<p>A crypto market cool off in May has seen many of the gains made by bitcoin, ethereum and other cryptocurrencies in 2021 wiped away</p> (AFP via Getty Images)

A crypto market cool off in May has seen many of the gains made by bitcoin, ethereum and other cryptocurrencies in 2021 wiped away

(AFP via Getty Images)

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.

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