What's Happening in the Cryptocurrency Market? (June 4)

Here are the cryptocurrency news of June 4, 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? The cryptocurrency market is very active with the recent news flow. The statements of US President Joe Biden regarding the changes in the tax law, the CBRT's ban on cryptocurrencies from payments, and the addition of crypto asset service providers to the liabilities section by publishing a new regulation with the presidential decision had a great impact on the cryptocurrency market. On the other hand, the negatively affected cryptocurrency market recovered after US Treasury Secretary Janet Yellen said that interest rates may need to increase moderately to prevent the US economy from overheating due to high government spending. However, Bitcoin, Ethereum and other cryptocurrencies were negatively affected by the decline in the US markets. Despite all this, the main blow came from Tesla founder Elon Musk. The decline started when Musk announced that the company would no longer accept Bitcoin as a means of payment due to its carbon footprint. Cryptocurrencies were adversely affected by China's ban on cryptocurrencies and the Bank of Japan's Governor criticizing BTC. The cryptocurrency market, which made a good start to June, crashed again with the latest posts of Elon Musk.

How Much Is A Bitcoin?

Bitcoin has crashed again with the latest tweets of Elon Musk. The leading cryptocurrency, which has been pushing the $40 thousand resistance in recent days, has declined to $35,659 with Elon Musk's use of Bitocin and broken heart emoji. Bitcoin, which fell after Musk's tweets, recovered slightly and is trading at $ 37 thousand 002.5 at the time of writing. The loss of the unit in the last 24 hours was 4.67 percent.

What Is The Price of Ethereum?

After the sharp decline in Bitcoin, Ethereum, which lost its value by about 10 percent, showed a slight recovery. ETH, which has slowed its decline in the last hours, has lost 5.57 percent in the last 24 hours and is trading at $ 2,674.33 at the time of writing.

What Is The Price of Ripple?

With Elon Musk's tweet, the crypto market crashed. Moving between $0.91895 – $1,04588 during the day, XRP has fallen by 6.23 percent in the last 24 hours. The unit is being traded at $0.97347 at the time of writing.

How Much Was BTT?

BitTorrent is bullish in contrast to the market painted red. BTT, which has risen by 6.47 percent in the past 24 hours, is currently trading at $ 0.004306.

What Is The Price of CHZ?

Chiliz, which gained about 6 percent in yesterday's transactions, lost 8.92 percent in the last 24 hours due to the decrease in Bitcoin. CHZ is trading at $0.266606 at the time of writing.

Recent news

Bitcoin Hardware Wallet Announcement from Jack Dorsey The CEO of the popular social media platform Twitter Jack Dorsey, announced that another company, of which he is the CEO, Square wants to produce a Bitcoin hardware wallet. Saying that he dreams of a wallet suitable for mobile phones, where everyone can easily access the funds in question, Dorsey said, “We dream of an application that can work without Square, perhaps without the need for Apple and Google's permissions. What about you?" used the phrases. Elon Musk Shook The Crypto Market With His Tweets The famous billionaire shook the cryptocurrency market with his last tweet. Forcing the resistance of $ 40 thousand for the last few days, Bitcoin fell to $ 35 thousand 500, while altcoins were also affected by this decline. Musk shared a new post from his social media account. The famous billionaire used Bitcoin and broken heart emoji side by side in a tweet he posted around 4 am. With this tweet, almost all cryptocurrencies, especially Bitcoin, fell.