What's Happening in the Cryptocurrency Market? (May 12)

Here are the cryptocurrency news of May 12, 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 were negatively affected by the decline in the US markets.

How Much Is A Bitcoin?

Despite the increasing institutional support of Bitcoin, the decline in cryptocurrency continues. Having lost 2.25 percent in the past 24 hours, BTC is currently trading at $ 54,798.5.

What Is The Price of Ethereum?

The market value of Ethereum, which rose to the level of $ 4,351 during the hours of last night, has exceeded $ 500 billion. ETH is currently trading at $ 4,155.50. The leading altcoin's earnings in the last 24 hours were recorded as 3.39 percent.

What Is The Price of Ripple?

It seems that if XRP fluctuates in the 1.43xx - 1.74xx price range it finds support above the 1.43xx support, it must break the downward trend resistance. In the event of this trend breakout, 1.73xx and 1.88xx resistances could be hampered. XRP, which has lost 3.41 percent in the last 24 hours, is trading at $ 1.40456 at the time of writing.

How Much Was BTT?

BitTorrent, which declined with the depreciation of Bitcoin, continued to decline today after it lost nearly 9 percent yesterday. BTT has lost 6.08 percent in the last 24 hours and is trading at $ 0.006368 at the time of writing.

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 4.14 percent in the last 24 hours and is trading at $ 0.432000.

Latest News

Goldman Sachs Manager, Who Became a Millionaire Thanks to Dogecoin, Quit His Job Dogecoin increased by more than 10 thousand percent in 2021. This increase has made those who invested in Dogecoin at the right time millionaires. One of them was Aziz McMahon, emerging markets manager at US investment banking giant Goldman Sachs. According to the news compiled by Telegraph, McMahon, who has been working in the bank for 14 years, is carrying out the activities of the hedge fund he established with the money he earned from Dogecoin. Although it is not known how much MacMahon earned from the Dogecoin investment, his colleagues confirmed that he left the job after the Dogecoin investment. 46 Million Americans Buy Bitcoin The cryptocurrency service provider NYDIG, which stated that US banks seriously want to provide Bitcoin services, conducted a vocal survey. According to the results of the company's latest research, 46 million US citizens have invested in Bitcoin.