Cryptocurrency roundup: Elon Musk, El Salvador and hedge funds – a busy week for bitcoin

Elon Musk U-turns again, World Bank scuppers El Salvador’s crypto ambitions, and hedge funds’ plans to pile in to cryptocurrencies. Here's what happened in the crypto world in the last week – and what you need to keep an eye out for in the next.

Welcome to the first of our crypto-round ups, where we summarise what happened in the crypto world over the last week and what you need to keep an eye out for in the next week.

It’s been a busy week in the cryptocurrency world – though it was mostly about bitcoin, with good news, bad news, and U-turns. Here are some of the top stories that caught our eye.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni