What's Happening in the Cryptocurrency Market? (May 29)

Here are the cryptocurrency news of May 29, 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?

While warning news for transactions on cryptocurrency exchanges continue to be published at the weekend, Bitcoin is trading at $ 34,676.8 at the time of writing. The loss of the leading cryptocurrency in 24 hours was 5.09 percent.

What Is The Price of Ethereum?

The general decline in cryptocurrencies continues on Saturday. Following the decline in Bitcoin, Ethereum has lost 7.04% in value in the last 24 hours and is currently trading at $2,367.20. ETH was traded between $2,350.46 – $2,567.42 during the day.

What Is The Price of Ripple?

Ripple, which started Friday with double-digit losses, also lost 6.85% in Saturday's transactions and is trading at $0.84141 at the time of writing. XRP fluctuated between $ 0.83391 - $ 0.93847 during the day.

How Much Was BTT?

BitTorrent, which lost 13.61 percent in yesterday's transactions, has lost 8.32 percent in the past 24 hours and is trading at $0.003512 at the time of writing.

What Is The Price of CHZ?

While the color red continues to dominate the crypto market, Chiliz depreciated by 12.08 percent and erased yesterday's gain. CHZ is currently trading at $0.265558.

Recent news

The World's Largest Bitcoin Conference Will Be Held in Miami in June Cryptocurrency conferences, which could not be held last year due to the epidemic, will be held in Miami between June 3-5 this year. Many participants, including regulators, politicians, celebrities, Bitcoin advocates and investors in the cryptocurrency industry, will take part in the Bitcoin 2021 event to be held in Miami. So much so that the organizers stated that they expect at least 12 thousand participants to come to the event, which has a capacity of 21 thousand participants.