What's Happening in the Cryptocurrency Market? (May 1)

Here are the cryptocurrency news of May 1, 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? After the US President Joe Biden's statements about "attempts to change the US tax law", Bitcoin, which declined to $ 48,000 after the sales wave, is trying to recover. With the news that JPMorgan Chase will set up a Bitcoin fund to be actively managed in the first days of the summer to offer it to certain customers, BTC, which went above $ 55,000, fell to over $ 52,000 with profit sales. ETH is on the rise, with the interest of institutional investors increasing and transaction fees falling. Ripple, on the other hand, made double-digit gains in yesterday's transactions.

How Much Is A Bitcoin?

Bitcoin, which has been horizontal for a while and has been falling sharply, jumped from $ 47,000 to $ 58,000. BTC, which declined to $ 47,000 on April 24, climbed to $ 58,000 in a week. Leading cryptocurrency gained value by about 23 percent in a short time and made its investors happy. Bitcoin is being traded around $ 57,472 at the time of writing. The gain of the unit within 24 hours was recorded as 5.70 percent.

What Is The Price of Ethereum?

Ethereum, which is the most preferred after Bitcoin, also surpassed the $ 2,800 level. When the movement chart for the last week is examined, ETH, which moves from the level of 2 thousand 200 dollars, saw over 2 thousand 800 dollars and gained 27 percent in a short time. ETH is trading around $ 2,830 at the time of writing. The leading altcoin gained 1.99 value in 24 hours.

What Is The Price of Ripple?

Ripple gained 10.32 percent on the Investing.com Index and began trading at $ 1,58923. XRP has fluctuated between the levels of $ 1.55588 and $ 1.62527 in the past 24 hours. Ripple gained 38.55 percent in a week, with a 24-hour trading volume of 14,14556B. XRP is currently trading at $ 1,54571. Ripple's gain in 24 hours was recorded as 1.79 percent.

How Much Was BTT?

There is a positive atmosphere in the cryptocurrency market. The uptrend seen in the leading cryptocurrency Bitcoin has also affected altcoins. BitTorrent has gained 2.18 percent in the past 24 hours and started trading at $ 0.007125.

What Is The Price of CHZ?

Having recorded a double-digit increase in yesterday's transactions, Chiliz, which lost 1.95 percent in 24 hours, is trading at $ 0.548245.

Latest News

A16z Creates Third $ 1 Billion Crypto Fund Venture capital firm Andressen Horowitz (a16z) announced that it has created a new $ 1 billion cryptocurrency fund. According to the report compiled by the Financial Times, venture capital firm a16z is creating a third crypto venture fund. Sources told the Financial Times that a16z wanted to raise between $ 800 million and $ 1 billion for the new fund. If the A16z reaches this amount, it will have doubled the $ 515 million fund in 2020. "Crypto Asset Service Providers" Published in the Official Gazette With the regulation published in the current issue of the Official Gazette, "crypto asset service providers" have also been added to the "Obliged Parties" section of the Regulation on Measures to Prevent Money Laundering and Terrorist Financing. In addition, "savings finance companies" were also included in the regulation. The regulation now means that businesses such as cryptocurrency exchanges will also be liable under the Law on Prevention of Laundering Proceeds of Crime.