What's Happening in the Cryptocurrency Market? (May 14)

Here are the cryptocurrency news of May 14, 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. US President Joe Biden's statements on the change 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. Bitcoin fell sharply yesterday after Elon Musk announced that Tesla would no longer accept Bitcoin as a payment instrument due to the company's carbon footprint. The cryptocurrency market has also been affected by this drop in BTC.

How Much Is A Bitcoin?

The leading cryptocurrency is trying to regain power after a nightmarish night. BTC is trading at over $ 50,700 at the time of writing. Bitcoin rose 10 percent from its lowest level of $ 46,000 and started to hold above $ 50,000. The loss of the unit, which is currently being traded at 50 thousand 772.5 dollars, in the last 24 hours was recorded as 0.44 percent.

What Is The Price of Ethereum?

Ethereum has begun to recover after the sharp drop yesterday. ETH has gained 7.20 percent in the last 24 hours and is trading at $ 4,129.69 at the time of writing.

What Is The Price of Ripple?

XRP gained 7.09 percent in Friday's transactions and finds buyers at $ 1,41623. This situation was recorded as the biggest increase since 5 May. XRP fell 12.28 percent within a week. The popular altcoin has fluctuated between 1.2054 and 1.6261 levels in the past seven days.

How Much Was BTT?

With the recovery in Bitcoin, BTT also increased. BTT is trading at $ 0.006214 at the time of writing. The unit's gain was recorded as 4.79 percent in 24 hours.

What Is The Price of CHZ?

Most of the cryptocurrencies are traded in the green in Friday's transactions. Chiliz has gained 5.08 percent in the past 24 hours and is trading at $ 0.445493 at the time of writing.

Latest News

Square Does Not Consider Buying BTC Again Speaking to Financial News, Amrita Ahuja, chief investment officer for payments firm Square, stated that there are no plans to buy more Bitcoin. Ahuja said, “We currently do not have any plans to make another purchase. At this point, there is no plan to evaluate where we are in terms of the treasury." Bitexin Lists a New Altcoin Turkish Bitcoin exchange Bitexin lists a new altcoin. The exchange announced that it has listed the BitTorrent Token on the Bitexin PRO platform. Accordingly, cryptocurrency investors using Bitexin will be able to trade with BTT / TRY parity.