What's Happening in the Cryptocurrency Market? (May 23)

Here are the cryptocurrency news of May 23, 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 recovered 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. Despite all this, the main blow came from Tesla founder Elon Musk. The decline started when Musk announced that the company would no longer accept Bitcoin as a means of payment due to its carbon footprint. Cryptocurrencies have plummeted as China banned Bitcoin and cryptocurrencies. So much so that Bitcoin, the most valuable cryptocurrency in terms of market value, declined to $ 30,000. The unit then recovered and climbed to around $ 38,000. With these movements in the leading cryptocurrency, altcoins have dropped significantly this week.

How Much Is A Bitcoin?

Bitcoin, which fluctuated between $ 35,314.9 - $ 38,776.0 in yesterday's transactions, lost 7.51 percent on Sunday and is trading at $ 35,297.3 from the place where the article was written. However, BTC's market value was $ 657.09B, while its total volume was 34.59 percent.

What Is The Price of Ethereum?

Ethereum started the day with a loss of 13.60 percent. The loss came just days after Chinese officials reminded once again that they had to put pressure on Bitcoin mining and trading. ETH is currently trading at $ 2.127.15 percent.

What Is The Price of Ripple?

Ripple has seen a new low of $ 0.8160. The bullish momentum has partially shattered, but the short-term chart gave the message of some bullish opportunities. XRP, which lost 15.54 percent in value, is being bought and sold at $ 0.79887 at the time of writing.

How Much Was BTT?

BitTorrent has lost 14.03 percent in the past 24 hours and is trading at $ 0.003317 at the time of writing.

What Is The Price of CHZ?

While the red color continues to dominate the crypto market, Chiliz has lost 15.69 percent of value and is currently trading at $ 0.222695.