What's Happening in the Cryptocurrency Market? (June 5)

Here are the cryptocurrency news of June 5, 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?

BTC, which rose to $ 37 thousand 800 with the tweets posted by Elon Musk today and later making the image of Bitcoin and anime girl as a profile photo, fell again with the announcement that China's Twitter Weibo blocked many cryptocurrency accounts. On the first day of the Bitcoin 2021 event, Bitcoin is trying to recover. BTC, whose loss in the last 24 hours has reached 2.44%, is trading at $ 36,059.8 at the time of writing.

What Is The Price of Ethereum?

Ethereum lost its gains with the decline of BTC after gaining 5 percent in the early hours. Having depreciated by 1.14 percent in the last 24 hours, Ethereum is currently trading at $2,632.18.

What Is The Price of Ripple?

Following the drop in the crypto market, XRP is trading at $0.93499 at the time of writing. Moving around $0.02337 - $0.99720 during the day, XRP's loss in the last 24 hours was 3.20 percent.

How Much Was BTT?

BitTorrent followed the market, which was painted red. BTT, which has increased by 5.89 percent in the past 24 hours, is currently trading at $ 0.004015.

What Is The Price of CHZ?

Yesterday, CHZ lost value by 2.61 percent due to the decrease in Bitcoin. CHZ is trading at $0.261937 at the time of writing.

Recent news

Dogecoin Outperformed BTC and ETH Dogecoin has outperformed Bitcoin and Ethereum in the past week. Situations such as Elon Musk's posts and Weibo's block of cryptocurrency accounts caused a decrease in crypto prices. Dogecoin outperformed Bitcoin and Etheruem. Listed on Coinbase Pro last week, Dogecoin is still supported by Elon Musk. For this reason, in the past 7 days, Ethereum has gained approximately 14 percent and Bitcoin has gained approximately 6 percent; Dogecoin has gained 24 percent in value in the last seven days. Elon Musk's Bitcoin Move Elon Musk, which caused Bitcoin prices to drop yesterday, caused the unit to rise by sending a new tweet. The famous billionaire, who first shared an anime girl with the Bitcoin (BTC) symbol in the background on October 23, 2018, made the same image his profile picture today. However, BTC, which rose to $ 37 thousand 800 by gaining more than 3 percent in value, fell again after Wiebo announced that it blocked cryptocurrency accounts.