What's Happening in the Cryptocurrency Market? (May 27)

Here are the cryptocurrency news of May 27, 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?

Bitcoin was pulled up to $ 37,000 with profit sales after it reached above $ 40,000 in yesterday's transactions. BTC, which fluctuated between $ 37,190.8 and $ 40,322.2 in 24 hours, recovered after declining to $ 37,414.29. The leading cryptocurrency is trading at $ 38,944.5 at the time of writing.

What Is The Price of Ethereum?

Following the recovery seen in Bitcoin, Ethereum needs to close above $ 2,903 in order to continue its rise. Ethereum, which fluctuated between $ 2,638.62 - $ 2,885.87 in the last 24 hours, is trading at $ 2,783.99, gaining a value of 2.72.

What Is The Price of Ripple?

While positive mood prevailed in the crypto market, XRP also increased. XRP, which has hovered between $ 0.93389 - $ 1.04030 in the past 24 hours, has gained 2.49 percent and is being traded at $ 1.00812 at the time of writing.

How Much Was BTT?

BitTorrent has lost 0.92 percent in the past 24 hours and is trading at $ 0.004227 at the time of writing.

What Is The Price of CHZ?

While the green color continues to dominate the crypto market, Chiliz has gained 8.04 percent and is currently trading at $ 0.299116.

Recent news

Officials In China Convened For Bitcoin Mining In China, where cryptocurrency mining activities are reported to be strictly controlled, energy providers and government officials will come together to form a consensus on mining. The Sichuan District Energy Regulatory Authority has decided to hold a seminar on cryptocurrency mining. The meeting will be held on June 2nd in Chengdu, the capital of the Sichuan region, where energy providers and state officials will meet.