What's Happening in the Cryptocurrency Market? (May 11)

Here are the cryptocurrency news of May 11, 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 world is going through a very active period. The statements of US President Joe Biden regarding changes in the tax law, the CBRT's ban on cryptocurrencies from payments, and then 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 started to recover 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 went down in the US markets yesterday evening. The leading cryptocurrency, Bitcoin, was withdrawn from $ 57,000 to $ 53,500 in the evening, with the S&P 500 losing 44 points and Tesla shares experiencing a great loss. Meanwhile, Ethereum price declined from $ 4,80 to $ 3,600.

How Much Is A Bitcoin?

Bitcoin suffered a sharp decline yesterday, affected by the US markets that went down. BTC failed to clear the $ 60k resistance zone and even shows several bearish signs. In contrast, he holds the $ 52,500 support key. The leading cryptocurrency is trading at $ 55,347.2 at the time of writing. The loss of the unit in the last 24 hours was 5.20 percent.

What Is The Price of Ethereum?

Ethereum reached its all-time high of $ 4,200 before declining against the US Dollar, but fell sharply in the evening, trading at $ 3,921.93. The loss of the leading altcoin in the past 24 hours was recorded as 4.60 percent.

What Is The Price of Ripple?

XRP, which has not been able to draw a successful chart in recent days, has lost 10.39 percent today and is trading at $ 1,42465 at the time of writing.

How Much Was BTT?

BTT is trading at $ 0.006555 at the time of writing. BitTorrent's loss in the last 24 hours was 8.45 percent.

What Is The Price of CHZ?

Chiliz, affected by the negative atmosphere in the cryptocurrency market, added another day to the losses it has already suffered. It has lost 9.86 percent in the last 24 hours and is trading at $ 0.439525.

Latest News

Dogecoin Question From Elon Musk: Price Jumped Famous billionaire Elon Musk asked his followers whether Tesla should accept Dogecoin as a means of payment for their best-in-class cars. Musk is a big fan of DOGE and has talked a lot about the joke token on the SNL show. After this development, Dogecoin's price fell sharply. Later, this other company SpaceX announced that it would send a rocket called Doge-1 to the moon. Thus, the Doge price has recovered a bit. After these developments, Tesla CEO Elon Musk published a questionnaire with the question; "Do you want Tesla to accept Doge?" Less than an hour after the publication of this poll, 713,363 votes were cast. Mark Zuckerberg Officially Announced Interest In Bitcoin Mark Zuckerberg, the founder of Facebook, has been shown as one of the people interested in Bitcoin (BTC) for years. Although Zuckerberg has made no explanation about this issue, the expected signal came out with a photo. Zuckerberg explained in a post he made on Facebook that he had two goats, one named Max and the other Bitcoin.