What's Happening in the Cryptocurrency Market? (June 19)

Here are the cryptocurrency news of June 19, 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. Later, the Chinese police published a detailed interview about cryptocurrencies and Fed Chairman Jerome Powell assured that inflation would return to normal levels in the long run.

How Much Is A Bitcoin?

There was a death cross in Bitcoin prices. Technically speaking, the death cross is known as the 50-period moving average (50 MA) level falling to the bottom by cutting the 200-period moving average (200MA) level from the top. BTC has lost 2.33 percent in the past 24 hours and is trading at $35,744.3 at the time of writing. The leading cryptocurrency hovered between $34,845.5 – $36,357.3 during the day.

What Is The Price of Ethereum?

Ethereum will face one of the biggest dangers of 2021 directly next week. On June 25, 1.5 billion dollars worth of ETH-based options will expire, and investors are expected to make a decision on Ethereum on this date. ETH, which has lost 0.19 percent in the last 24 hours, is trading at $2,233.10 at the time of writing. The unit is moving between $2,173.52 – $2,276.70 during the day.

What Is The Price of Ripple?

XRP, the seventh largest cryptocurrency in terms of market cap, is trying not to lose its strong stance amid the SEC lawsuit. Analysts, taking into account the current charts, state that XRP must first break the resistances of $ 0.90 and $ 1. XRP, which last seen over $ 1 on June 1, has lost 0.82 percent in the last 24 hours and is currently trading at $ 0.78796.

How Much Was BTT?

Cryptocurrencies started the weekend with a drop. The graphics are still on the red side. BitTorrent (BTT) price seems to have used the $0.0029 level as support. On the other hand, analysts say that these declines can be considered as a buying opportunity. BTT, which has decreased by 1.48 percent in the last 24 hours, is now trading at the level of $ 0.003022.

What Is The Price of CHZ?

Chiliz, which showed double-digit rises twice in a week, is moving in the range of 0.279337 - 0.302332 during the day. Having lost 0.53 percent in the last 24 hours, CHZ is currently trading at $0.291594.

Recent news

Partnership of Goldman Sachs and Galaxy Digital Bitcoin Finance giant Goldman Sachs launched Bitcoin futures trading product in cooperation with Galaxy Digital  for its customers. According to CNBC's news, Goldman Sachs is partnering with a crypto-asset-based liquidity provider for the first time with this partnership. It is also stated that the giant financial institution will offer CME Group Bitcoin futures as an expansion of the recently established crypto trading desk. Michael Saylor Compared Bitcoin With Apple MicroStrategy CEO Micheal Saylor compared Bitcoin with Apple and described the cryptocurrency as “the dominant monetary network that everyone needs.” Micheal Saylor tweeted about an old video that emerged a short time ago. The video tells how the MicroStrategy CEO talked about Apple and how positively he approached the company when the iPhone 5 was produced. Commenting on the old video, Saylor this time associated his comment with Bitcoin. Saylor stated the following: “Apple; It was a dominant mobile network that everyone needed, that competitors couldn't stop, and that few understood. Bitcoin is a dominant currency network that everyone needs, that no one can stop, and that few understand.”