Cryptocurrency Market News Digest 17.05.2021–23.05.2021

We’re continuing our tradition: every week UCoin will be publishing a short weekly cryptocurrency market news digest for you to stay informed on the latest trends. In this edition we look at what happened from 17 through 23 of May.

The main story last week was a major correction across the cryptocurrency market. BTC slid down to $36,084, ETH is trading at $2,239. Experts believe one of the reasons for the dump to be China mining ban news.

The cryptocommunity is celebrating the Bitcoin Pizza Day: every year on May 22. The story behind this memorable day happened in 2010, when a programmer Laszlo Hanyecz bought two pizzas for 10 000 BTC.

The American Major League Soccer has announced its own NFT collection celebrating the league’s best matches.
Elon Musk has engaged in a public debate about Bitcoin’s scalability and energy consumption.

Of course, there was more news last week, so if we missed an important story, feel free to let us know in the comments, and we will be happy to discuss it with you!