Crypto Market Drifts Sideways on Announcement at Bitcoin Miami 2021 – eToro Crypto Roundup

Crypto Market Drifts Sideways on Announcement at Bitcoin Miami 2021 – eToro Crypto Roundup


OUR STORY                 DISCOVER CRYPTOCURRENCIES                  NEWS AND UPDATES

Will Bitcoin become legal tender in El Salvador?

Bitcoin has drifted sideways this week – caught between waves of volatility as bad news from China and tweets from Elon Musk rock the market back and forth.

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Prices approached $40K on Friday, before Musk tweeted a broken heart emoji with the Bitcoin logo, triggering a 7% drop. Fears over his influence on the market were then calmed as he changed his profile picture to a laser-eyed Bitcoin anime figure, but the recovery was blocked by news that Chinese social media platform Weibo had suspended crypto influencer accounts.

In the end, Bitcoin finished the week flat, while Ethereum fared slightly better, with 3% gains. Dogecoin ran

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