What's Happening in the Cryptocurrency Market? (May 15)

Here are the cryptocurrency news of May 15, 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 decision of the President 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 after Elon Musk, founder of electric car maker Tesla, announced yesterday that it 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 decline in Bitcoin continues. BTC, which fell sharply after Tesla announced that it would not accept payments with Bitcoin, fell by 3.24 percent in the last 24 hours. The leading cryptocurrency is traded at $ 48,396.7 at the time of writing.

What Is The Price of Ethereum?

As the market cap of bitcoin declined, Ethereum took advantage of this and reached a market cap of $ 478.5 billion. This figure is just over half of Bitcoin. ETH has gained 1.01 percent in the last 24 hours and is currently trading at $ 3,920.24.

What Is The Price of Ripple?

XRP fluctuated considerably between $ 0.21 and $ 0.78. Generally, the longer the time spent in a gap, the stronger the final break. After the price surged above $ 0.78, the altcoin climbed to $ 1.96 within two weeks. However, after the decline in BTC, it gained, but lost 1.29 percent in the past 24 hours, XRP is trading at $ 1,36054.

How Much Was BTT?

BitTorrent, which gained value after the decrease in BTC, lost 4.99 percent in the last 24 hours and started to be bought and sold at $ 0.005857.

What Is The Price of CHZ?

Chiliz, which gained 5.08 percent in Friday's transactions, gained 10.88 percent in today's transactions and is trading at $ 0.480324 at the time of writing.

Latest News

Elon Musk Has Been Working With Dogecoin Since 2019! After a tweet by Elon Musk, it was revealed that the developers behind the internet meme-based cryptocurrency were working with Tesla CEO to reduce DOGE's energy consumption. Dogecoin developer Ross Nicoll told Decrypt on Friday's transactions; He announced that they have been in contact with the CEO of Tesla and SpaceX since 2019. Since Nicoll started meeting with them; He stated that he “encouraged them to increase transaction volume”, provided “lots of advice and data” and shared broad business contacts with them. Jack Dorsey Made Supporting Statements Regarding Bitcoin Jack Dorsey, the founder of the popular social media application Twitter, made a supporting statement for Bitcoin. "Bitcoin changes everything for the better," Following Elon Musk's statement that Bitcoin mining is harming the environment and suspending accepting Bitcoin payments for the sale of Tesla vehicles. Dorsey said, “We will forever work to make Bitcoin better.” Square, another company founded by Dorsey, keeps Bitcoin on its balance sheet. The company's Bitcoin asset is currently 8 thousand 27 BTC.