What's Happening in the Cryptocurrency Market? (May 24)

Here are the cryptocurrency news of May 24, 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, which started when Musk announced that the company would no longer accept Bitcoin as a means of payment due to its carbon footprint. Cryptocurrencies plummeted after 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 set the peak by seeing the 64 thousand dollar level, has experienced a sharp decline in the last period and declined to 30 thousand dollars. The leading cryptocurrency has gained 10.88 percent in the last 24 hours and has risen to $ 37,690.

What Is The Price of Ethereum?

With the decline in Bitcoin, Ethereum also fell from $ 4.3000 to $ 1,300. However, today, the cryptocurrency markets have turned up once again. Ethereum, which has gained 22.88 percent in the last 24 hours, is trading at $ 2,435.81.

What Is The Price of Ripple?

Cryptocurrencies had a great start to the week. XRP, which performed quite badly last week, gained 19.41 percent in today's transactions and started trading at $ 0.85430.

How Much Was BTT?

BitTorrent has gained 15.75 percent in the last 24 hours and is trading at $ 0.003517 at the time of writing.

What Is The Price of CHZ?

While red dominates the crypto market, Chiliz gained 28.76 percent and is currently trading at $ 0.245374.