Cryptocurrency prices today, Sunday, May 16, 2021 … Bitcoin and its siblings profits

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Cryptocurrency prices varied today, Sunday, May 16, 2021, and Bitcoin continued to make profits, and Litecoin also made great profits.

The price of Bitcoin BTC, “the most famous in the cryptocurrency market,” was about $ 49,224 today, Sunday, as of writing this report, against $ 48,860 yesterday.

While Ethereum ETH recorded about $ 3,796 compared to $ 3.884 yesterday, and Binance Coin BNB jumped to about $ 590.99 from $ 585.41 on Saturday.

The price of the Dogecoin DOGE was around $ 0.529 compared to $ 0.518 yesterday.

The Internet Computer ICP currency, registered about 246.43 dollars, compared to 277.88 dollars midday on Saturday.

Among the most expensive digital currencies, Litecoin LTC made about $ 314.96 versus $ 313.82 on Saturday, according to Bloomberg.

As for the price of the Polkadot DOT digital currency, it recorded about $ 45.64, compared to $ 46.26 on Saturday, down more than 2%.

The price of the digital currency Uniswap UNI scored about 38.70 compared to $ 39.17 yesterday, a decline of 2.5%.

While Chainlink digital currency recorded about $ 43.65 during today’s trading.

Attack from Elon Musk

American billionaire Elon Musk has attacked the cryptocurrency again, supporting Dogecoin.

Elon Musk, founder of Tesla, an electric car maker, renewed his criticism of Bitcoin as being environmentally unsustainable, while supporting Dogecoin, saying it was still a believer in the cryptocurrency.

In his tweet on “Twitter”, Thursday, Musk expressed his concern about the extensive use of coal and other carbon-intensive energy sources to generate the electricity needed to mine the cryptocurrency.

The publication of the tweet coincided with a previous post on the microblogging site “Twitter” of a scheme from the University of Cambridge indicating that Bitcoin electricity consumption has increased rapidly since the beginning of 2021.

Mining cryptocurrencies

Musk criticized cryptocurrency mining for the second day in a row, after Tesla’s decision to stop using Bitcoin to sell its electric cars, a move that caused turmoil in cryptocurrency markets over the past 24 hours.


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