What's Happening in the Cryptocurrency Market? (June 20)

Here are the cryptocurrency news of June 20, 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?

Bitcoin slumped to the lows of $33,750 on Sunday. After forcing $ 40 thousand last week, BTC continues its decline. According to order book data on Binance, sellers have removed a large buy wall above the $36,500 level. According to experts, this situation made the next level of support 31 thousand dollars. Bitcoin, which has lost 4.90 percent of its value in the last 24 hours, is currently trading at $ 34,464.3.

What Is The Price of Ripple?

As the lawsuit between Ripple and the SEC continues, XRP lost 8.87 percent of its value and started trading at $ 0.72657. This decrease was recorded as the biggest daily decrease since May 23. Moving between $0.69806 and $0.76393 during the day, the loss of XRP within a week was 13.07 percent.

How Much Was BTT?

Cryptocurrencies started the weekend with a drop. The graphics are still on the red side. On the other hand, analysts say that these declines can be considered as a buying opportunity. BTT, which has decreased by 8.39 percent in the last 24 hours, is bought and sold at the level of $ 0.002802.

What Is The Price of CHZ?

Chiliz, which showed double-digit rises twice in a week, moves in the range of 0.268101 - 0.305912 during the day. Having lost 7.69 percent in the last 24 hours, CHZ is currently trading at $0.27.