What's Happening in the Cryptocurrency Market? (June 17)

Here are the cryptocurrency news of June 17, 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? Cryptocurrency market left behind the month of May with hard ups and downs. The market, which made a good start to June, went down with the announcement that Weibo has blocked many cryptocurrency accounts, and later on, BTC tried to recover with the news that the President of El Salvador accepted Bitcoin as the national currency and that MicroStrategy would buy Bitcoin. The attack on Colonial Pipeline by the hacker group DarkSide caused BTC to drop to around 32 thousand dollars after the ransom payment was demanded in Bitcoin in the cyber attacks of beef producer JBS. The market, which recovered slightly with the possibility of India to accept Bitcoin and the start of the Bitcoin Mining Council, went down due to some negative news about Bitcoin. The first of these was cited as the opening of an investigation by the Executive Directorate to WazirX, the largest cryptocurrency exchange in India, owned by Binance, due to allegations of money laundering, and the second, the Dutch Central Planning Bureau (CPB) Chairman Hasekamp's call to ban digital currencies. However, the markets saw a decline as Chinese provinces banned the issuance of cryptocurrencies. With the announcement of Elon Musk that he may allow BTC payments in Tesla provided that at least 50 percent of Bitcoin mining is done with renewable energy, the price of Bitcoin reached over 40 thousand dollars. However, the recovering market took on a positive mood with the emergence of the report of MicroStrategy stating that it will sell stocks worth of 1 billion dollars. The decrease in yesterday's transactions was effective when the Chinese police published a detailed interview about cryptocurrencies.

How Much Is A Bitcoin?

After the market rally ended on June 16, Bitcoin, made some corrections and regressed to the level of 38 thousand dollars. The leading cryptocurrency is currently trading at $ 38,633.7. BTC, which went down with the news from the FED, moved between $ 38,231.4 - $ 39,529.9 during the day. Its loss in the last 24 hours was 0.43.

What Is The Price of Ethereum?

Red color dominates the market for now. Following the slight decline in Bitcoin, Ethereum reached over $2,440 during the day and started to recover. By contrast, it lost 0.92 percent and is trading at $2,372.24.

What Is The Price of Ripple?

Rising above $0.850, the first resistance that XRP will encounter will be the $0.880 level. The price may make another attempt to reach above $0.90. On the other hand, the price might decline towards the $0.820 support. Moving between $0.83126 - $0.86084 during the day, XRP has appreciated by 1.10 percent in the last 24 hours and is currently traded at $0.84012.

How Much Was BTT?

BitTorrent, which has not been able to make a profit recently, corrected the slight rise it recorded in yesterday's transactions today. BitTorrent, which is traded in the range of 0.003304 - 0.003405 during the day, is bought and sold at $ 0.003324 at the time of writing. The loss of the unit in 24 hours was 0.78 percent.

What Is The Price of CHZ?

Chiliz had a successful performance, gaining 34.34 percent on Friday, June 11th. Later, Chiliz, which went into decline, is trying to recover its losses. The rising CHZ gained nearly 20 percent yesterday. Moving in the range of 0.321006 – 0.347759 during the day, the unit has increased by 0.17 percent in the last 24 hours and is currently trading at $ 0.330329.

Recent news

New Bitcoin Tweet from Elon Musk Famous billionaire Elon Musk, who posted on Twitter account, this time targeted Kraken CEO Jesse Powell. In a statement by Powell, "Bitcoin is more "green" than critics say, and Musk asked "based on what data?". The reflection of Musk's comment on the market was slight. World Bank Rejects El Salvador's Request for Assistance Making a statement on Wednesday, El Salvador's Minister of Finance, Alejandro Zelaya, stated that El Salvador requested assistance from the World Bank to implement the decision to use Bitcoin as a parallel official currency alongside the US Dollar. Thereupon, an official from the World Bank made a statement to Reuters by e-mail. The official said that they cannot help El Salvador's implementation of Bitcoin due to environmental factors and lack of transparency. The statement given by the official included the following statements: “Although the government of El Salvador has asked us for support on the issue of Bitcoin, it is not possible for the World Bank to provide this support considering the transparency and environmental factors. But our commitment to helping El Salvador remains, including monetary transparency and regulatory processes.”