What's Happening in the Cryptocurrency Market? (June 14)

Here are the cryptocurrency news of June 14, 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?

With Elon Musk's post today, the BTC price has exceeded 40 thousand dollars, with the statement that he can allow Bitcoin to pay with Tesla provided that at least 50 percent of Bitcoin mining is done with renewable energy. Bitcoin, which dropped to 34 thousand dollars at the weekend, gained 12.80 percent in the last 24 hours and is currently trading at 40,470.5 dollars.

What Is The Price of Ethereum?

After Bitcoin rose above $40,000, Ethereum reached above the $2,500 level. If ETH holds to $2,500, it may rise even more. Following the rise in BTC, ETH has gained 7.88 percent in the last 24 hours and is trading at $ 2,546.70 at the time of writing.

What Is The Price of Ripple?

In XRP, it followed the rise in Bitcoin and started to recover. However, it may face resistance at the $0.90 level. Above $0.90, the price may rise towards $1.0. Otherwise, a decrease towards the $0.82 level may occur. XRP, which fluctuated between $ 0.86323 - $ 0.89154 during the day, is currently traded at $ 0.88484. The unit's gain in the past 24 hours is 7.24 percent.

How Much Was BTT?

BitTorrent, which has not been able to earn money for its investors recently, has turned to a slight gain with the rise in BTC. BTT, which has lost 6.14 percent in value in the last 24 hours, is traded at $0.003536 at the time of writing.

What Is The Price of CHZ?

Chiliz performed successfully, 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 value by 14.41 percent on June 12, reached 5.90 percent yesterday. In today's transactions, the unit, which gained 6.76 percent in value and erased yesterday's losses, is currently trading at $ 0.287700.

Recent news

Elon Musk Announced That Tesla Will Accept Payments With BTC On One Condition Famous billionaire Elon Musk, the founder of Tesla and Spacex, said that if at least 50% of Bitcoin mining is done with renewable energy, Tesla will allow payments with Bitcoin once again. After Musk’s tweet, Bitcoin prices reached over 40 thousand dollars. Banks in South Korea Will Put Crypto Exchanges in High Risk Group The Financial Services Commission in South Korea made a statement yesterday. In this statement, he said that it would be mandatory for banks to classify virtual currency exchanges that do business with them in the high risk class, and that exchanges should also harden their authentication practices. According to the news compiled by KoreaTimes, the new regulation rules concern about 60 exchanges operating under license from the Financial Services Commission. It was stated that the aforementioned rules came into force to protect customers against fraudulent activities and to get their money back in case of stock market closures.