What's Happening in the Cryptocurrency Market? (June 6)

Here are the cryptocurrency news of June 6, 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?

After gaining close to 5 percent in yesterday's transactions, Bitcoin fell and lost more than 2 percent after Weibo announced that it blocked crypto money accounts. Today, at the Bitcoin 2021 conference, Bitcoin, which is trying to recover with the statements of the President of El Salvador on the name of Bitcoin, is traded at 36 thousand 230 dollars at the time of writing. The loss of the unit in the last 24 hours was 0.48 percent.

What Is The Price of Ethereum?

Despite Bitcoin being traded in the red zone, Ethereum increased by 0.47 percent and started trading at $2,723.04.

What Is The Price of Ripple?

XRP, whose market value fell to $ 43.29 with the decline in the evening hours and fell behind Dogecoin, finds buyers at $ 0.93 as of the publication time. XRP has lost 5.45% in the past 24 hours.

How Much Was BTT?

BitTorrent followed the market, which was mostly painted red. BTT, which has increased by 2.02% in the past 24 hours, is currently trading at $ 0.004013.

What Is The Price of CHZ?

CHZ, which lost nearly 3 percent in value yesterday due to the decline in Bitcoin, also lost 4.08 percent in today's transactions. CHZ is trading at $0.266034 at the time of writing.

Recent news

Bitcoin Will Be Announced As A National Currency President of the Central American country, El Salvador Nayib Bukele, sent a video message to the Bitcoin 2021 event and announced that a draft law will be prepared to accept Bitcoin as the national currency. In his statement, Bukele said that if this bill is passed, it will be a great relief for El Salvadorans living abroad to send money to the country. The President of El Salvador stated that even if only 1 percent of this money comes to El Salvador as an investment, this could increase the country's Gross National Product by 25 percent. Ruffer Has Been Selling Its Bitcoin Assets British asset management firm Ruffer has made a profit of 1.1 billion dollars with short-term Bitcoin bet. Ruffer said it sold all of its holdings in April, after selling half of its position in February. The sale transaction was made when Bitcoin broke above $64,854 on April 14. Another reason for Ruffer to give up on Bitcoin is that it expects young people to actively stop selling, as the quarantines are over due to the waning effect of the epidemic. The company had previously announced that it had purchased $600 million of Bitcoin in December.