What's Happening in the Cryptocurrency Market? (June 13)

Here are the cryptocurrency news of June 13, 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. On the other hand, the prospect of India accepting Bitcoin and the start of the Bitcoin Mining Council have rebounded slightly. However, in yesterday's transactions, Bitcoin fell due to some negative news. The first of these was cited as an investigation by the Executive Directorate of WazirX, the largest cryptocurrency exchange in India, owned by Binance, for money laundering allegations. Secondly, Hasekamp, ​​Head of the Dutch Central Planning Bureau (CPB), was shown calling for a ban on digital currencies.

How Much Is A Bitcoin?

After the USA and China, negative statements about Bitcoin came from the Netherlands. However, there has been a decline in the cryptocurrency market. Investor concerns have also increased with the increasing pressure on Bitcoin mining in China. Therefore, the market volume of BTC fell below 35 thousand dollars. The latest statement of cryptocurrency exchange Kraken was also effective in increasing the selling pressure on Bitcoin and general markets. Kraken said they will reconsider their decision to go public, due to the disappointing performance of another crypto exchange, Coinbase, in its IPO experience. With this news flow, Bitcoin, which has moved between $ 34,827 - $ 36,089 in the last 24 hours, has made a slight gain by 0.52 and is trading at $ 35,782.3 at the time of writing.

What Is The Price of Ethereum?

Ehtereum, on the other hand, started trading at $2,357.19, depreciating by 1.30 percent in the last 24 hours, when it was traded between $2,311.96 – $2,415.86. The unit's weekly loss was 12.75 percent and its market cap reached $274 billion.

What Is The Price of Ripple?

After further decrease in yesterday's transactions, Ripple gained some value today. Therefore, as long as the $0.80 support is not broken, XRP/USD may rise above $0.90 on Monday. While there is a small gain in the general market, XRP has gained 1 percent in the last 24 hours, when it was traded between $ 0.81850 - $ 0.84193, and is currently traded at $ 0.83378.

How Much Was BTT?

BitTorrent, which has not been able to profit its investors recently, continued to decline. BTT, which has lost 0.71 percent in the last 24 hours, is being traded at $ 0.003379 at the time of writing.

What Is The Price of CHZ?

Chiliz had a successful performance, gaining 34.34 percent on Friday, June 11th. However, it has been losing value in the last 2 days. The loss of CHZ, which lost 14.41 percent in yesterday's transactions, reached 5.90 percent today. The unit is currently trading at $0.270110.

Recent news

Texas Governor Signs the Law Officially Recognizing Virtual Currency Following the Texas Banking Regulation and Supervision Agency's law that allows banks in the state to store cryptocurrencies, now the law recognizing the legal status of virtual currencies has been officially implemented. State governor Greg Abbott signed a bill officially recognizing the legal status of virtual currencies. Abbot expressed the following on his social media account: “I just signed the law that allows for the secure transaction of virtual currencies under the Texas Trade Law. This law determines when and how much a person is entitled to virtual currencies. BCIE’s Bitcoin Support to El Salvador Central American Economic Integration Bank (BCIE), one of the important institutions of Honduras and which has 13.5 billion dollars assets under its management, announced that they support El Salvador to accept Bitcoin as the national currency. Dante Mossi, chairman of the bank's board of directors, stated that he will hold a press conference on this subject tomorrow. Announcing on his Twitter account, Mossi said, "We support El Salvador in its biggest monetary reform since its transition to the US dollar." El Salvador's president, Nayib Bukele, mentioned about the support given by BCIE to them on Twitter.