What's Happening in the Cryptocurrency Market? (May 26)

Here are the cryptocurrency news of May 26, 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 the changes in the tax law, the CBRT's ban on cryptocurrencies from payments, and 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. Later, volatile cryptocurrencies started to rise again in yesterday's transactions.

How Much Is A Bitcoin?

The leading cryptocurrency has reached the limit of its 200-day moving average today, reaching $ 40,000 again. BTC, which fell sharply after China's bans on cryptocurrencies, was under $ 40,000 since the weekend. Cryptocurrency, which was on the rise again with purchases on Wednesday, climbed to the level of $ 40,400. While Bitcoin's 50-day moving average cuts its 100-day moving average downwards, the price of the cryptocurrency is at the limit of its 200-day moving average in Wednesday's trading. Bitcoin, which has gained 6.53 percent in value in the last 24 hours, is at $ 39,561.7, slightly below $ 40,000 at the time of writing.

What Is The Price of Ethereum?

Following the rise in bitcoin, Ethereum gained 10.69 percent on Wednesday, trading at $ 2,858.67. This is the highest daily increase since May 24. However, the market value of ETH was $ 332.81B, while the ratio of its value in the total cryptocurrency markets was 18.98 percent. Ethereum, which has fluctuated between $ 2,648.10 and $ 2,908.37 in the last 24 hours, is trading at $ 2796.08 at the time of writing.

What Is The Price of Ripple?

It is a day full of gains in the crypto market. With the rise in BTC, altcoins also started to move. So much so that XRP has gained 10.67 percent in the last 24 hours and is at $ 1,02379 at the time of writing.

How Much Was BTT?

BitTorrent has gained 5.97 percent in the past 24 hours and is trading at $ 0.004333 at the time of writing.

What Is The Price of CHZ?

While the green color continues to dominate the crypto market, Chiliz gained 9.64 percent and is currently trading at $ 0.269484.

Recent news

Iran Banned Cryptocurrency Mining Speaking to state television, Iranian President Hassan Rouhani reported that cryptocurrency mining was banned until September 22. According to the latest data announced by the Cambridge Alternative Finance Center, Iran is the sixth country in the world where the most cryptocurrency mining is carried out. However, it has a 3.82 percent share in global mining. China, which makes 65 percent of global cryptocurrency mining, announced last week that it banned cryptocurrency mining. GameStop Prepares NFT Project on Ethereum GameStop, the American video game and electronic product vendor that marked 2021 with the striking price movement in its shares, is entering the NFT world. GameStop, which was determined to have prepared a web page called Nft.gamestop.com, revealed that it is working on NFT on the Ethereum (ETH) blockchain with the slogan "Change the Game".