Cryptocurrency Market News Digest 31.05.2021–06.06.2021

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 31 May through 06 of June.

The past month was the third in terms of price decrease in history. The price of digital gold in May closed at -34.5%.

Elon Musk caused yet another market drop with his tweet, as a result, the Anonymous hacking group has threatened the entrepreneur with “war”.

The Chinese media has stated that Bitcoin trading has not been banned. Bitcoin and other crypto trading is permitted, if the citizens are ready to take that risk.

US authorities have proposed to oblige crypto businesses to report information about their clients.

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!