What's Happening in the Cryptocurrency Market? (March 26)

Here are the cryptocurrency news of the day, 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? Bitcoin continued its decline in yesterday's transactions. The reason for this decline in popular cryptocurrency was the wider decline in assets that benefited from the optimism of retail investors previously supported by incentive packages. In addition, Goldman Sachs has applied for a product that has been tested for indirect investment in Bitcoin. On the Ethereum side, improvement continues. So much so that Ethereum performed better than BTC. There was a new development in the SEC-Ripple case. On March 25, the new trial date for Ripple and the SEC has been announced. Lawyers of the two sides will face each other on April 6, 2021. On the Chiliz (CHZ) side, on the other hand, CHZ has relieved the sales pressure behind it significantly in the last 4 days.

How Much Is A Bitcoin?

Bitcoin fell 6.7 percent on March 25 to $ 50,673.90, the lowest level in the last 24 hours. In addition, the price of the popular cryptocurrency lost about 17 percent compared to the last ATH of the $ 61,711.87 level recorded this month. Bitcoin has gained a staggering 679.5 percent this year. BTC is currently trading around 53,231.2, up 0.52 percent.

What Is The Price of Ethereum?

Ethereum is probably building a strong support base above the $ 1,580 level against the US Dollar. ETH, the second most valuable cryptocurrency, could continue to improve. On the other hand, it may face a strong resistance at $ 1,650. ETH remained strong above $ 1,550 and showed a slight recovery. The price is still well below the $ 1,650 and 100 hourly simple moving resistance. There is a key bearish trend line showing resistance at the $ 1,660 levels on the hourly chart of ETH/USD. If Ethereum cannot reach above the $ 1,640 - $ 1,650 resistance levels, it could start a new decline.

How Much Was Tether?

The market value of Tether (USDT), known as the world's most liquid stablecoin, reached over $ 40,000 on March 25. With Tether's market capitalization reaching $ 40.1 billion, this cryptocurrency is on record as the fourth largest cryptocurrency in terms of market capitalization, after Bitcoin, Ethereum, and Binance Coin. Tether is currently trading at $ 1,0007, with an increase of 0.07.

What Is The Price of Ripple?

As tensions rose in the case between Ripple-SEC, the Ripple price dropped drastically in December 2020 and dropped to $ 0.17. However, XRP, which experienced a rapid recovery afterwards, was generally between $ 0.40 and $ 0.60. XRP has been trending above $ 0.50 in recent days.

How Much Was BTT?

The BitTorrent is trading around $ 0.0033 on average on strong cryptocurrency exchanges. The total market value of BitTorrent, which ranks 48th in the cryptocurrency market, is known as 2 billion 181 million 974 thousand 636 dollars. BitTorrent, which gained 99.13 percent value in the last week, changed by 0.22 in the last 24 hours.

What Is The Price of CHZ?

Chiliz (CHZ) price has greatly reduced the selling pressure behind it in the last 4 days. The overbought situation in cryptocurrency has also been eliminated. The CHZ price gained almost 2,200 percent from the $ 0.040 level recorded at the close of February 23 to the high of $ 0.920 on March 12. The reason for this increase was that the platform supporting Socios.com continued the NFT wave in sports and entertainment. CHZ is currently trading at $ 0.516323 with a daily increase of 4.92 percent.

Recent news

NYT's Column Converted to NFT was Sold for $ 560 Thousand The New York Times, one of the long-established newspapers of the USA, announced that it has transformed a column into NFT. This column was sold for 350 ETH (about 560 thousand dollars). NYT Kevin Roose's column was bought by a user nicknamed Farzin at the auction that ended yesterday. BTC Output From Stock Exchanges Increases While Bitcoin Is Falling Bitcoin price pulled up to the level of $ 50,000 on Friday, March 26. With this drop, blockchain data pointed out that this drop may have been seen as a buying opportunity. The difference between the number of BTC entering and leaving the wallets of spot exchanges was recorded as -14278 yesterday. A similar situation occurred on March 23. The difference was recorded as 14 thousand 762 BTC this time.