What's Happening in the Cryptocurrency Market? (May 13)

Here are the cryptocurrency news of May 13, 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 market is very active with the recent news flow. 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?

Bitcoin fell sharply after Elon Musk, founder of electric car maker Tesla, announced that the company would no longer accept Bitcoin as a means of payment due to its carbon footprint. After severe sales pressure on BTC, it dropped to around 3:00 am, to $ 45,700, the lowest level since February. BTC fell below the critical $ 50,000 level for the second time in a month. The leading cryptocurrency has lost 12.90 percent in the last 24 hours and is currently trading at $ 49,559.5.

What Is The Price of Ethereum?

Ethereum lost heavily against the US Dollar, sliding well above its previous high of $ 4,375. ETH pulled up to $ 3,500 corrects its losses but may struggle around $ 4,050 and $ 4,100. EHT is trading at $ 3,714.80 at the time of writing. The record-breaking leader altcoin's loss in the last 24 hours was recorded as 13.34 percent.

What Is The Price of Ripple?

The crypto par market, which was adversely affected by the serious drops in the Bitcoin Dominance Index, was shaken by the statements of Ripple Oracle Credible Crypto. Stating that BTC's domination of the market below 30 percent will bring the end of altcoins, the oracle said Ripple could drop to $ 1.14. XRP has been affected by the severe drop in Bitcoin and is trading at $ 1.27658 at the time of writing. The loss of XRP in the past 24 hours was 13.91 percent.

How Much Was BTT?

After Elon Musk's statements, the market was almost painted red. There are serious drops in altcoins affected by the sharp drop in BTC. One of them is BitTorrent. BTT, one of the most notable altcoins of the last period, lost 14.79 percent in value and is being bought and sold at $ 0.005774 at the time of writing.

What Is The Price of CHZ?

With the negative atmosphere in the crypto market, Chiliz, who normally could not earn much for his investors, lost 10.56 percent against the US dollar. CHZ is currently trading at $ 0.415108.

Latest News

Tesla Will No longer Accept Bitcoin Payments Bitcoin fell sharply after Elon Musk, founder of electric car maker Tesla, announced that the company would no longer accept Bitcoin as a means of payment due to its carbon footprint. After severe sales pressure on BTC, it dropped to around 3:00 am, to $ 45,700, the lowest level since February. BTC fell below the critical $ 50,000 level for the second time in a month. Binance Stopped Whitdrawals for ETH and ERC-20 for a Short Time Cryptocurrency exchange Binance has announced that withdrawals with Ethereum and ERC-20 tokens have been suspended. Having released a statement in the morning on Thursday, Binance announced that Ethereum and ERC-20 wallets will be in maintenance. While the trading transactions in the exchange will continue in their normal course during maintenance, the withdrawals to be made with the Ethereum and ERC-20 standard stopped at 11:00. Withdrawals continued after 12:00.