What's Happening in the Cryptocurrency Market? (June 1)

Here are the cryptocurrency news of June 1, 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? The cryptocurrency market is very active with the recent news flow. The statements of US President Joe Biden regarding the changes in the tax law, the CBRT's ban on cryptocurrencies from payments, and the addition of crypto asset service providers to the liabilities section by publishing a new regulation with the presidential decision had a great impact on the cryptocurrency market. On the other hand, the negatively affected cryptocurrency market recovered after US Treasury Secretary Janet Yellen said that interest rates may need to increase moderately to prevent the US economy from overheating due to high government spending. However, Bitcoin, Ethereum and other cryptocurrencies were negatively affected by the decline in the US markets. Despite all this, the main blow came from Tesla founder Elon Musk. The decline started when Musk announced that the company would no longer accept Bitcoin as a means of payment due to its carbon footprint. Cryptocurrencies were adversely affected by China's ban on cryptocurrencies and the Bank of Japan's Governor criticizing BTC.

How Much Is A Bitcoin?

On the first day of June, Bitcoin prices rose again to 38 thousand dollars. If the bulls can take full control, they will try to break $40,000. BTC/USD is expected to continue its rise within 24 hours. Fluctuating between $35,742.7 and $37,850.3 during the day, Bitcoin has lost 0.72% of its value in the last 24 hours and is traded at $36,407.6 at the time of writing.

What Is The Price of Ethereum?

With its sales volumes falling yesterday morning, Ethereum managed to gain a place above the POC line ($ 2,330). In the afternoon, the pair broke the moving average EMA55. On the other hand, the small purchase volumes did not allow the Ethereum price to test the $2,800 resistance. ETH has lost 1.38 percent in the last 24 hours and is currently trading at $2,578.80.

What Is The Price of Ripple?

XRP, which has risen with the positive developments in the Ripple case, has gained 1.79 percent in the last 24 hours. The unit is trading at $1,00275 at the time of writing.

How Much Was BTT?

BitTorrent started the month of June with a rise. The unit has gained 1.08 percent in the last 24 hours and is currently trading at $0.003746.

What Is The Price of CHZ?

Continuing its losses on the fourth day, Chiliz has lost value by 1.49 percent in the last 24 hours. CHZ is currently trading at $0.271104.

Recent news

Ripple Plans to Erase Its Carbon Footprint by 2030 A statement has been made by Ripple on the most discussed carbon emission in the cryptocurrency world recently. The company announced that it plans to make its operations carbon-neutral in 10 years to ensure the sustainability of the sector. Stating that they plan to invest in studies that will reduce their carbon footprint, the company said: “We will contribute to the studies of the industry in this sense and provide resources to initiatives that will accelerate these studies. We will determine Ripple's carbon footprint and deal with companies that provide renewable energy. We aim for a Ripple company that will not emit carbon by 2030. We will switch to technology that completely eliminates carbon emissions and leave such a company to the next generation.”