What’s Happening in the Cryptocurrency Market? (April 7)
Here are the cryptocurrency news of the day, the most up-to-date developments, here are the most appreciating and depreciating cryptocurrencies…
Interest in cryptocurrencies 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?
Bitcoin, which experienced a sharp decline after seeing the summit, recovered in yesterday’s transactions and traded at $ 59,000. Ethereum continued its rally on Tuesday. ETH climbed above the $ 2,100 resistance and traded at $ 2,126. Ripple also continued to rise. XRP gained 26.11 percent, recording its biggest daily increase since April 5 and traded at $ 0.89403.
How Much Is A Bitcoin?
On Wednesday, Bitcoin fell 2 percent on the Investing.com Index and was traded at $ 57,738.4.
In addition, BTC saw over $ 71,000 due to the “kimchi” premium on South Korean stock exchanges. BTC reached 79,422,000 won ($ 71,162) on Upbit, the country’s largest stock exchange, around 05:30 am today. At the same time, the BTC / USD pair was trading at 57,733 on Coinbase.
What Is The Price of Ethereum?
Ethereum fell 1.78 percent on the Investing.com Index today, trading at $ 2,092.28.
ETH, which broke a record by rallying in yesterday’s trading, is currently trading at $ 2,076, down 1.13 percent.
How Much Was Tether?
The stablecoin Tether (USDT), pegged to the US dollar, announced that it is expanding towards the Polkadot and Kusama network. This news did not make a significant difference in the markets. USDT is currently trading at $ 0.0004, down 0.04 percent.
What Is The Price of Ripple?
XRP gained 20.43 percent on the Investing.com Index in Wednesday’s trading, and traded at $ 1,05682.
With this move, XRP’s market cap reached $ 47.76134B, while its share in the total cryptocurrency markets was 2.43 percent.
XRP has traded between $ 1.00968 and $ 1.10128 in the past 24 hours.
How Much Was BTT?
BitTorrent (BTT), which excited its investors with double-digit increases in a week, has been recording a double-digit decline for 2 days.
BitTorrent was traded at $ 0.008814, down 11.10% in transactions on Wednesday.
What Is The Price of CHZ?
A breakout was expected for the digital asset, as the entire cryptocurrency market has been bullish in the last 24.
Chiliz price is in a descending parallel channel on the 4-hour chart. On the other hand, CHZ is trading at $ 0.419877 with a loss of 7.28 percent.
Significant Development in Ripple Case
In today’s hearing of the case between Ripple and SEC, a very important development has taken place. Judge Sarah Netburn stated that Ripples request to be able to investigate certain documents or correspondence showing XRP assessments within the SEC will most likely be accepted.
Judge Netburn said, “I will most likely accept the request of the defense authority.”
Stating that the documents in the SEC and the notes and other information showing the opinions of the institution on cryptocurrencies are searchable, Netburn also left an open door for the parties to come up with more specific issues.
“It Would Be ‘Game Over’ for SEC”
Matthew Solomon, attorney for Ripple CEO Brad Garlinghouse, made a statement before the hearing:
“If a document or information is found that reflects the idea that the SEC thinks that XRP is like Bitcoin and Ether, it means” Game over “for them. We need to do this research and get the findings to defend ourselves.”
In some news published before the hearing in question, it was claimed that the SEC used the term “digital currency” in some internal correspondence for XRP in 2016. Experts state that the term “digital securities” should be used here because the SEC filed a security lawsuit against Ripple, and this past event could put the SEC in a difficult position.
Record Earnings from Coinbase in the First Quarter of the Year
Coinbase shared the figures for the first quarter of 2021 on Wednesday. Accordingly, the company earned approximately $ 1.8 billion in revenue, while it generated net income between $ 730 and $ 800 million. The figures in question overshadowed the revenues achieved in the whole of 2020.