What's Happening in the Cryptocurrency Market? (June 23)

Here are the cryptocurrency news of June 23, 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 during the weekend, spread to Monday and Tuesday. In yesterday's transactions, with the demand of the Central Bank of China from the country's 5 largest banks and Alipay representatives to prevent customers from trading cryptocurrencies, and the increased pressure for Bitcoin miners to leave the country, Bitcoin was reduced below 30 thousand dollars. With this news flow, the cryptocurrency almost crashed in yesterday's transactions.

How Much Is A Bitcoin?

Bitcoin gained 17.00 percent in Wednesday's transactions and is trading at $34,214.1. This rise was recorded as the biggest one-day increase since February 8th. With this move, the market value of Bitcoin was $637.50B, while the rate of its value in the total cryptocurrency markets was 46.62%. The leading cryptocurrency has been trading between $31,736.5 and $34,734.3 in the past 24 hours. The loss of the unit within a week was 11.78 percent.

What Is The Price of Ethereum?

Ethereum, which started the day with a rise with Bitcoin, continued its price increase with the news flow that Israel Bank will use the Ethereum blockchain. Moving between $1,834.57 – $2,043.10 during the day, ETH has gained 16.05 percent in the last 24 hours and is currently trading at $2,004.69. The weekly loss of the unit was recorded as 17.31 percent.

What Is The Price of Ripple?

XRP has gained 23.07% in the past 24 hours and is currently trading at $0.64212. The unit, which was between 0.52269 and 0.66335 dollars during the day, lost 21.57 percent in a week.

How Much Was BTT?

After a bad weekend, altcoins, which experienced significant decreases on Monday and Tuesday, gained value with Bitcoin's recovery today. Bittorrent, which has increased by 30.12 percent in the last 24 hours, is trading at $ 0.002376.

What Is The Price of CHZ?

In the green-painted market, Chiliz has gained 30.52 percent in the last 24 hours. It seems that CHZ, which has been experiencing a sharp decline, is trying to recover.

Recent news

$47M in Cryptocurrency Seized in South Korea South Korean authorities confiscated 53 billion won ($47 million) cryptocurrency from 12 thousand citizens accused of tax evasion. The seizure was made after months of investigation, according to a report compiled by the Financial Times. Officials described it as the largest volume of cryptocurrency for tax purposes in Korean history. On the other hand, it was stated that cryptocurrency holders use local exchanges that do not receive the identity number of their account holders in order to hide their assets. Lost Ethereum Case Against Fireblocks A lawsuit was filed against Fireblocks, which provides cryptocurrency custody service, because of a lost Ethereum wallet. The plaintiff company targeted the cryptocurrency custody service platform Fireblocks as the reason that its Ethereum wallet worth 70 million dollars could not be accessed. According to the claim made by StakeHound; a Fireblocks employee did not protect the wallet's keywords, and these words were later lost. Therefore, StakeHound could not access the wallet with 38,178 ETH.