What's Happening in the Cryptocurrency Market? (June 12)

Here are the cryptocurrency news of June 12, 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 this month 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, it decreased to around 32 thousand dollars. On the other hand, the possibility of India to accept Bitcoin and with the start of the Bitcoin Mining Council yesterday, it recovered slightly

How Much Is A Bitcoin?

Bitcoin lost value despite the approval of the Taproot update today. The possible reason for this is considered to be some negative news about the cryptocurrency the day before. The largest cryptocurrency exchange in India, WazirX, owned by Binance, was investigated by the Executive Directorate for money laundering allegations. In addition, Hasekamp, ​​Head of the Dutch Central Planning Bureau (CPB), called for the Dutch government to ban Bitcoin and other digital currencies as they are not issued by state financial institutions and are beyond any border. With these negative developments, Bitcoin has lost 3.24 percent in value in the last 24 hours and is trading at $ 35,717.9 at the time of writing.

What Is The Price of Ethereum?

Ethereum Classic has announced its next update, scheduled for July 21. It has been reported that the update called Magneto in the Ethereum project will be made in blocks of 13,189,133 and ECIP-1103 will be implemented. After the news of the Magneto update, which is stated to include the features of Ethereum's Berlin update, ETH gained value by 0.64% and is trading at $ 2,418.40.

What Is The Price of Ripple?

XRP, which is on the 172nd day of the lawsuit against the SEC, is trading at $ 0,84074 at the time of writing. Moving between $0.80638 and $0.84757 during the day, XRP lost 1.31 percent in the last 24 hours.

How Much Was BTT?

BitTorrent, which has not been able to make money for its investors recently, continues its losses. BTT, which has lost 3.62 percent in value in the last 24 hours, is traded at $0.003391 at the time of writing.

What Is The Price of CHZ?

Chiliz had a successful performance, gaining 34.34 percent on Friday, June 11th. On the other hand, CHZ, which has lost value by 14.41 percent in the past 24 hours, is currently trading at $0.283939.

Recent news

Thailand  Banned Tokens Like Dogecoin  Thailand's Securities and Exchange Commission has published new rules. In the announcement made by the Commission, it was reported that a ban was imposed on token types such as fan tokens and NFTs, as well as meme tokens such as Dogecoin and Shiba Inu. According to the statement, meme tokens, fan tokens and stock market tokens have been banned in Thailand as of June 11th. Anthony Di Iorio Announces The Cryptocurrencies He Invested In Anthony di Iorio, the former founder of Ethereum and leaving the project in 2012 and founding the Toronto-based blockchain company Decentral, said that he saw great potential in Cardano and Polkadot. Anthony di lorio participated in the last broadcast of Podcast programmer Anthony Pompliano. The former founder of Ethereum said: “I can say that the majority of investments are in Ethereum, Bitcoin, Polkadot and Cardano. Apart from these, there are a few more, but I have no intention of getting lost in the whole DeFi world. I no longer have the energy to devote time to all this. I simplified my life”