What's Happening in the Cryptocurrency Market? (June 21)

Here are the cryptocurrency news of June 21, 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?

With the news flow from China on June 21, Bitcoin fell below $ 32,500. China's third-largest bank has issued a warning about cryptocurrencies. With this news flow, Bitcoin, whose loss in the last 24 hours has reached 5.57 percent, is trading at $ 32,016.1 at the time of writing.

What Is The Price of Ethereum?

Cryptocurrency market started the new week with losses. The decline, which started at the weekend, continued on the first day of the week, with the warning of one of China's important banks. While Bitcoin has lost more than 5 percent in value, the leading altcoin Ethereum has lost 7.56 percent in the last 24 hours and is currently trading at $ 1,921.63. With this depreciation, it has again approached the level of $ 1,737, which is the lowest level of the last 30 days.

What Is The Price of Ripple?

There has been a promising development for XRP investors in the SEC lawsuit. SEC member Pierce said that XRP may not be a security. Despite this exciting development, the downward trend prevailing in the crypto market has also affected XRP. XRP, which has fallen by 7.34 percent in the last 24 hours, is trading at $ 0,65983 at the time of writing.

How Much Was BTT?

The decline in cryptocurrencies, which started over the weekend, spread to Monday. The graphics are still on the red side. On the other hand, analysts say that these declines can be considered as an opportunity to purchase. BTT, which has decreased by 13.73 percent in the last 24 hours, is trading at the level of $ 0.002355.

What Is The Price of CHZ?

Chiliz, which showed double-digit increases for 2 times last week, is moving in the range of 0.235191 - 0.292005 during the day. Having lost 14.21 percent in the last 24 hours, CHZ is currently trading at $0.235191.

Recent news

$500 Million BTC Purchase from MicroStrategy Known for its interest in Bitcoin, MicroStrategy announced that it has purchased another $489 million worth of BTC. MicroStrategy CEO Micheal Saylor reported that they bought 13,005 BTC at an average price of $37,617 per Bitcoin. Another Blow to Bitcoin From China The cryptocurrency market was on the decline over the weekend. Today, with the news from China, BTC has decreased to 32 thousand dollars. The Agricultural Bank of China, the 3rd largest bank in the world, announced that the accounts of those who make cryptocurrency transactions will be suspended from now on. Although this statement was later withdrawn, this time a statement has been made by the Central Bank of China. The bank stated that from now on, measures will be taken, for those who trade and speculate on cryptocurrencies open an account and making transactions will not be allowed.