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Social Media Buzz: Musk on Bitcoin Levels, Ted Cruz, GameStop

A digital billboard truck near Cruz's home in Houston, Texas.

A digital billboard truck near Cruz's home in Houston, Texas.

Photographer: Justin Sullivan/Getty Images

The Texas power grid has returned to normal operations and the region’s recovery is under way as the weather finally warms up. The state was “seconds and minutes” from cascading blackouts that would have taken weeks or months to restore, chief executive of the grid operator Bill Magness recalled.

Elon Musk said the price of Bitcoin and Ethereum “seem high” as the cryptocurrencies reached new records. Bitcoin’s market value reached $1 trillion for the first time. Musk earlier called Bitcoin a “less dumb” version of cash, and added, “Money is just data that allows us to avoid the inconvenience of barter.”