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Weekly Crypto News: Is the Bull Run Over?
Author: changehero
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A lot of us are going to need a summary of what is even happening on the market and why exactly Bitcoin is down. Is it Elon Musk again? Could it be China banning cryptocurrency (spoiler: not really)? We find the answers in the weekly crypto news digest by ChangeHero!

Key Takeaways

Latest Crypto News Digest

Bitcoin Digest

BTC trading chart: May 21, 2021
Source: TradingView

Bitcoin News

Altcoin News

BUNNY price chart
Source: CoinTelegraph

Business Crypto News

Crypto News on Adoption

Regulation & Politics Crypto News

Social Media Crypto News Digest

Video of the Week

This video is a nice summary of the debate between Edward Snowden, Raoul Pal, Eric Lombroso and others on the privacy of Bitcoin. The world-famous whistleblower yet again drew attention to the concerning transparency of the Bitcoin blockchain. What he is even more aggravated about is that there is hardly any way to bypass permissioned practices enforced by centralized exchanges. His opponents were more set off by his lack of confidence in layer-two add-ons to Bitcoin like Lightning and Taproot. We’ll just have to wait and see what can be developed with these technologies to fix Bitcoin’s privacy problem.

Crypto News Digest from Twitter

On the market’s downward spiral, Nic Merten here with the sour truth. Put the blame on any FUD, but in the end of the day, the market was overheated, and too many traders were not behaving rationally. This is not a bad thing, just the sign the market is not mature yet.

But it is still so tempting to think that Elon Musk alone can move the market — we even have the data! Correlation does not equal causation… well, maybe a little.

Meanwhile, in the artist community: Sean Williams made a thread about how Instagram approached NFT artists for insights. Reportedly, they seem to be building a platform of their own but would rather have the community call the shots. Williams, though, did not mince any words on why he did not find the idea attractive, to put it lightly.

Influencer of the Week

Trader of the week is Crypto Krillin. The crypto news commentary, technical analysis, jokes and memes — they’ve got the whole nine yards. Another essential follow on the Crypto Twitter!

Top Coin Digest

Let’s not sugarcoat this: the market this week is bloody red. Almost each asset lost as much as the total capitalization. At the moment of writing the digest, the general market stats are:

7d Change in Top Coins

7D Crypto Digest: 21 May, 2021
Source: CryptoRank

If you are an optimist and ask yourself “Which crypto to buy today?”, they all are on a discount! At the moment of writing, the weekly change of the top currencies is:

Gainers of the Week

Why are Altcoins crashing? They follow Bitcoin, but there are others that actually grow! The winner of the week at the time of writing is Polygon (MATIC) $1.69 (↑23.67%).


So, why is the market crashing? As it often is, news from China and ban rumors come at the top of the market. The community is split: some think that the bear market is about to set, others prepare for a bounce. Whoever is right, the truth is that recovery is never out of the question. Hope you found this digest insightful. Check our blog for more! You can follow us on Twitter, Facebook, Reddit and Telegram for live updates.