What's Happening in the Cryptocurrency Market? (June 18)

Here are the cryptocurrency news of June 18, 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?

Although the rise in inflation is a very good development for Bitcoin, the Fed Chairman Jerome Powell's assurance that inflation will return to normal levels in the long run has increased the price of USD more than Bitcoin. Bitcoin, which has moved between $ 37,273.87 and $ 39,513.67 in the last 24 hours with the current news flow, lost value by 3.76 percent and regressed to $ 37,772.8.

What Is The Price of Ethereum?

Ethereum, on the other hand, dropped by 3.78 percent in the last 24 hours, when it fluctuated between $2,312.40 and $2,376.62, to $2,351.20. The weekly loss of the unit was 4.32 percent.

What Is The Price of Ripple?

The daily decline in XRP dropped below the $0.850 support. It traded close to $0.820 before picking up losses. The price is currently hovering around $0.84383. The unit, which fluctuated between $0.83026 - $0.84449 during the day, recorded a loss of 1.40 percent in the last 24 hours.

How Much Was BTT?

BitTorrent is traded in the range of 0.003221 - 0.003394 during the day. At the time of writing, the unit is trading at $0.003283, with a loss of 3.06% in 24 hours.

What Is The Price of CHZ?

Chiliz, which showed double-digit rises twice in a week, is moving in the range of 0.306404 - 0.347659 during the day. Having lost 4.24 percent in the last 24 hours, CHZ is currently trading at $0.316291.

Recent news

China Sets Date to Cut Electricity of Crypto Miners China had great repercussions with its last step in Bitcoin and cryptocurrency mining and had a negative impact on the markets. After its first statement, it was seen that China started to take official steps and started to implement the closure of mining facilities. In the news compiled yesterday by China-based cryptocurrency news sharing site Wu Blockchain, it was informed that the Bitcoin mining facilities in the Chinese city of Sichuan were closed one after another. In another statement made today on June 18, Sichuan power generation companies were requested to immediately stop supplying power to any digital currency mining. In addition, an official document was requested on June 25 to share data and information.