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Two of the biggest cryptocurrencies saw a price surge after various fundamental developments.
May 27, 2021 at 2:00 am UTC · 2 min read
Bitcoin prices rose in the past two days (after a 40% plunge last week) as North American miners formed a ‘Council’ to consider green alternatives for mining in a brief meeting with Tesla CEO Elon Musk.
Some traders even raised a concern over the influence Elon Musk has on the cryptocurrency market as the news had an immediate impact on the bitcoin price and it jumped by 12% after the news was released.
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