What's Happening in the Cryptocurrency Market? (24 March)

Here are the cryptocurrency news of the day, the most up-to-date developments, here are the most appreciating and depreciating cryptocurrencies...

Interest in cryptocurrency market has increased significantly during the coronavirus outbreak. However, investors began to closely monitor the movements of important cryptocurrencies such as Bitcoin, Ethereum and Ripple. The most curious cryptocurrencies by investors; How did Bitcoin, Ethereum, Ripple start the day? Interesting developments took place in Bitcoin, the most valuable currency of the cryptomarket, in yesterday's transactions. 1,000 BTC was traded at once on March 23. The critical level was broken yesterday in Ethereum, which has been on the decline in recent days. ETH broke the $1,750 and $1,710 support levels against the US Dollar. On the Ripple side, there has been a new development regarding the ongoing lawsuit. The SEC had requested that all documents related to Ripple's classification of Bitcoin and Ethereum be submitted to the court.

How Much Is A Bitcoin?

After FED Chairman Jerome Powell stated that he sees cryptocurrencies as "speculation tools rather than a means of payment" and underlined that Bitcoin can replace gold, Bitcoin, which was pulled to the level of $54,000, is currently trading at the level of 53,760.

What Is The Price of Ethereum?

Ethereum is currently trying to climb above the $1,710 and $1,750 resistance levels against the US Dollar. ETH is currently trading well below $1,750 and the 100 hourly simple moving average. Besides, there is a serious bearish trend lines showing resistance near $1,740 on the hourly chart of ETH/USD. The precious altcoin is currently trading at $1,680.

What Is The Price of Ripple?

XRP is trading at 0.54842 as tensions increase in the case between SEC and Ripple. The SEC had requested that all documents related to Ripple's classification of Bitcoin and Ethereum be submitted to the court.

Recent news

BTC Can Be Used For Xbox Payments

It was learned that Microsoft surveyed customers about the use of alternative payment methods such as Bitcoin in Xbox online stores. In a Reddit post, it was claimed that the survey was sent to the participants of the Xbox Insider program.

ETH Statement From Rapper Soulja Boy

Soulja Boy, a famous rap musician and songwriter from the USA, seems to have begun to take an interest in Ethereum. Soulja Boy became a crypto holder this year holding several coins including bitcoin and XRP. The famous rapper, who has 5.2 million followers on his social media account, asked the question "Why is Ethereum not moving?"