CoinMarketCap Daily: Happy Birthday Elon Musk!
Market Musings

CoinMarketCap Daily: Happy Birthday Elon Musk!

By CoinMarketCap
3mo ago
2m

Today, Elon Musk turns 50 and Bitcoin's price seems to want to wish him a happy birthday.

CoinMarketCap Daily: Happy Birthday Elon Musk!

Table of Contents

Today’s Top Crypto News Stories

But first — subscribe to our newsletter here.

An Upbeat Start to the Week! 🔥

After failing to fall below $30,000 over the weekend, Bitcoin has enjoyed a bit of a bump to start the week. Prices touched highs of $35,219.89 early on Monday. Things have been looking even rosier for Ether. The world's No. 2 cryptocurrency has risen 8.7% in 24 hours, touching $2,000. JPMorgan still thinks the short-term outlook for BTC is "challenging." Read more.

UK Continues Crypto Crackdown 🇬🇧

The U.K. Financial Conduct Authority has said a company owned by Binance Group cannot perform "regulated activity" in the country. Binance says British customers will be able to continue buying and selling cryptocurrencies as normal. The exchange, which owns CoinMarketCap, says it takes compliance obligations "very seriously." Read more.

Crypto Investments Surge in India 🚀

Crypto investments in India have risen by 19,900% over the past year, data from Chainalysis suggests. All of this comes despite the Reserve Bank of India adopting a staunch anti-crypto stance, with reports continually circulating that a trading ban is on the cards. Many younger investors in the country prefer cryptocurrencies to precious metals. Here's why.

Elon Musk's Birthday Wish 🎁

It's Elon Musk's birthday! He turns 50 today. And it seems his biggest wish is for Dogecoin to lower its fees. A new proposal suggests cutting the minimum transaction fee on the network from 1 DOGE to 0.01 DOGE — 100 times less. On Twitter, he told his followers that the mooted measures were "important to support." Find out how DOGE's price reacted.