What's Happening in the Cryptocurrency Market? (March 25)

Here are the cryptocurrency news of the day, the most up-to-date developments, here are the most appreciating and depreciating cryptocurrencies...

What's Happening in the Cryptocurrency Market? 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? Interesting developments took place in Bitcoin, the most valuable currency of the crypto market, in yesterday's transactions. Electric car maker Tesla announced that it has started accepting Bitcoin as a payment method. However, the Chinese technology company Meitu has reached an agreement with Coinbase to purchase Bitcoin and Ethereum. Again, in yesterday's transactions, the Turkish crypto exchange Bitci.com reached an agreement with McLaren, one of the important teams of Formula 1, to create fan tokens.

How Much Is A Bitcoin?

After FED Chairman Jerome Powell stated that he sees cryptocurrencies as "speculation tools rather than a means of payment", the sales have dropped to the level of  52,000 and the market volume dropped to less than $1 trillion. Upon Tesla's announcement to accept payments with Bitcoin, Bitcoin, which was mixed between $52,129.25 and $57,262.38 in 24 hours, was pulled to $52,622.37 with a decrease of 4.08 percent, while the weekly loss of the unit was determined as 10.46 percent. The total market volume of Bitcoin also decreased to $982.61 billion, with a loss of about $31 billion, and saw below $1 trillion.

What Is The Price of Ethereum?

Ethereum, on the other hand, fell 6.17 percent in the last 24 hours to $1,586.64, while its weekly loss was 13.54 percent; the market volume of the unit fell to $182.75 billion.

How Much Was Tether?

Tether, the third largest currency in the crypto market, reached $1 with an increase of 0.01 in a day, while its weekly earnings were 0.23 percent. Tether's market unit volume reached $40.33 billion.

What Is The Price of Ripple?

XRP is trading at 0.4936, down -10.5% as tension increased in the lawsuit between SEC and Ripple. The SEC had requested that all documents related to Ripple's classification of Bitcoin and Ethereum be submitted to the court.

Recent news

Bitcoin ETF Application From Fidelity Major asset management firm Fidelty has applied to the US Securities and Exchange Commission for a Bitcoin exchange-traded fund (ETF). In the application file, the sponsor of the fund is FD Funds Management LLC and its manager is Fidelity Service Company Inc. It was also seen in the document that FD Funds Management LLC shared the same address with Fidelidity's Boston office. Fidelity Digital Assets, the company's digital asset-focused subsidiary, will provide custody services for the ETF. New York Times Converted One of Its Columns into NFT The New York Times, one of the world's popular newspapers, turned one of its columns into an immutable token (NFT). "Why can't a journalist join the NFT party too?" NYT tech columnist Kevin Roose said on his Twitter account. According to the column in question, the proceeds from the sale made within 24 hours will go to the publication's Neediest Cases Fund, which supports outreach in New York and elsewhere.