What’s Happening in the Cryptocurrency Market? (June 10)
Here are the cryptocurrency news of June 10, 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.
The cryptocurrency market, which made a good start to June but fell after with the tweets of Elon Musk along with China’s Twitter Weibo announced that it blocked many cryptocurrency accounts, tried to recover with the news that the President of El Salvador will make Bitcoin the national currency and MicroStrategy will buy Bitcoin. With the attack on the Colonial Pipeline yesterday, it decreased to around 32 thousand dollars.
How Much Is A Bitcoin?
BTC, which gained more than 10 percent value after Bitcoin was accepted as the national currency in yesterday’s transactions, continued its rise with the news that India may also accept Bitcoin in today’s transactions.
Bitcoin, which declined to $ 32 thousand, is currently trading at $ 37,715.3 after two days of rise. Moving between $36,282.3-$38,340.8 during the day, BTC’s earnings in the last 24 hours were recorded as 8.03 percent.
What Is The Price of Ethereum?
Ethereum, which has made a slight gain with the price increase in Bitcoin, has gained 0.91 percent in the last 24 hours and is traded at $ 2,544.53.
What Is The Price of Ripple?
XRP, which has erased its gains and losses by making sharp ups and downs in the last 2 days, has been affected by the positive atmosphere in the market. Moving between $0.86695 – $0.92699 during the day, XRP has gained 1.58 in the last 24 hours and is trading at $0.87857 at the time of writing.
How Much Was BTT?
BitTorrent has turned to light gains with the price increase in Bitcoin. BTT, which has gained 0.03 percent in the last 24 hours, is trading at $ 0.003673 at the time of writing.
What Is The Price of CHZ?
Chiliz started to rise yesterday with the price increase in Bitcoin. CHZ has gained 1.54 percent in the last 24 hours and is currently trading at $0.235405.
SEC Requests Ripple’s Defense To Not Be Admitted
There has been a hot development in the legal war that has been going on for months between the SEC and Ripple. The US Securities Exchange Commission requested the judge Torres not to accept Ripple’s last “fair notice” defense.
The SEC noted that Ripple’s latest defense has nothing to do with the “Fair Notice” defense style, that the “Fair Notice” does not require any official correspondence and Ripple cannot claim the opposite.
Ripple pointed out that there was no warning notice from the SEC that XRP may not be a security and claimed that the institution followed a very different policy than it did against them in previous digital asset lawsuits.
ForUsAll Agreed With Coinbase
Allowing companies to create pension funds for their employees, the company ForUsAll will enable its customers to invest in cryptocurrencies after the agreement signed with Coinbase. Employees will be able to invest in cryptocurrencies starting from July with up to 5 of their contributions to pension funds.
Investments can be made with many cryptocurrencies in addition to Bitcoin, Ethereum and Litecoin.