What's Happening in the Cryptocurrency Market? (June 9)

Here are the cryptocurrency news of June 9, 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 but fell after with the tweets of Elon Musk along with China's Twitter Weibo announced that it blocked many cryptocurrency accounts, tried to recover with the news that the President of El Salvador will make Bitcoin the national currency and MicroStrategy will buy Bitcoin. With the attack on the Colonial Pipeline yesterday, it decreased to around 32 thousand dollars.

How Much Is A Bitcoin?

Bitcoin, which fell to the level of 32 thousand dollars with the attack on the Colonnial Pipeline yesterday, increased by 10.22 percent after it was declared the national currency in El Salvador. This was recorded as the largest increase seen since May 24. Fluctuating between $32,428.6 – $36,845.1 during the day, BTC has increased by 11.94 percent in the last 24 hours and is trading at $ 36,304.5 at the time of writing.

What Is The Price of Ethereum?

Ethereum performed slower than Bitcoin, gaining 8.57 percent in value. ETH, which fluctuated between $ 2,408.37 - $ 2,620.74, gained 4.15% in the last 24 hours and started to be bought and sold at $ 2,583.73.

What Is The Price of Ripple?

XRP, which lost more than 10 percent in yesterday's transactions, gained 10.19 percent in Wednesday's transactions and was traded at $ 0.89301. This increase was recorded as the largest daily increase seen since May 31. XRP, which has gained 3.30 percent in the last 24 hours, is trading at $ 88866 at the time of writing. The loss of XRP within 7 days increased to 13.25 percent.

How Much Was BTT?

BitTorrent, which has been losing for days, gained 2.98 percent in transactions on Tuesday. The unit is currently traded at $0.003728.

What Is The Price of CHZ?

Chiliz, which lost value in yesterday's transactions, started to rise with the price increase in Bitcoin. CHZ has gained 7.40 percent in the last 24 hours and is currently trading at $0.238436.

Recent news

Bitcoin Accepted As The National Currency Of El Salvador President of El Salvador Nayib Bukele sent a video message to the Bitcoin 2021 event last weekend and announced that a draft law has been prepared to accept Bitcoin as the national currency. The related bill passed the parliament this morning. The official acceptance of Bitcoin along with the US dollar in El Salvador is interpreted as a very important move for cryptocurrencies.