What's Happening in the Cryptocurrency Market? (June 22)

Here are the cryptocurrency news of June 22, 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. The decline, which started at the weekend, spread to Monday and Tuesday. In yesterday's transactions, Bitcoin was withdrawn up to 32 thousand dollars after the Central Bank of China asked the country's 5 largest banks and Alipay representatives to prevent customers from purchasing cryptocurrencies.

How Much Is A Bitcoin?

The pressure of China's Bitcoin miners to leave the country caused Bitcoin to lose value by 21 percent. Bitcoin, which has been falling since June 16, when it reached $ 40 thousand, has regressed with statements made by China. Finally, Bitcoin, which fell to 32 thousand dollars after the Central Bank of China asked the country's 5 largest banks and Alipay representatives to prevent customers from purchasing cryptocurrencies, continues to lose today with some authorities and citizens in El Salvador suing the Bitcoin law. Bitcoin, which has lost 11.25 percent in value in the last 24 hours, fell below 30 thousand dollars for the first time in 5 months and is traded at 29,412.6 dollars at the time of writing. The loss of the unit within 7 days is recorded as 27.18 percent.

What Is The Price of Ethereum?

The cryptocurrency market extended its fall that started over the weekend until Tuesday. With the serious decline in Bitcoin, collapses began in the altcoin market. So much so that the leading altcoin has lost value by 13.39 percent in the last 24 hours and is currently trading at $1,742.41.

What Is The Price of Ripple?

Ripple, which has been trying to be cleared from the SEC lawsuit since 2020, has lost 23.05% in value in the last 24 hours. XRP, whose loss in 7 days has increased to 40.65%, is trading at $ 0.52367 at the time of writing.

How Much Was BTT?

The decline in Bitcoin seems to have pulled the string of all altcoins. Bittorrent, which has lost value since the weekend, has lost 25.33 percent in the last 24 hours and is currently trading at $ 0.001853.

What Is The Price of CHZ?

Chiliz, which showed double-digit increases last week, carried the double-digit declines it experienced over the weekend to Monday and Tuesday. Having lost 24.72 percent in the last 24 hours, CHZ is currently trading at $0.186071.

Recent news

Lawsuit Filed in El Salvador Bitcoin Law Bitcoin law was objected to in El Salvador, which shook the market by accepting Bitcoin as a legal currency on June 8. In El Salvador, a lawmaker from the opposition party and a group of citizens filed a lawsuit against the Bitcoin law, on the grounds that it was against the law. Severe Decline in Dogecoin Dogecoin, which has left its mark on the cryptocurrency market recently, has experienced serious decreases. The joke coin, Dogecoin, which has become one of the top five cryptocurrencies, lost more than 36 percent on June 21. DOGE experienced the biggest drop among the top 10 cryptocurrencies by market capitalization.