What's Happening in the Cryptocurrency Market? (May 30)

Here are the cryptocurrency news of May 30, 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?

After falling 5% to $33,849 on Saturday at 18.00, Bitcoin recovered slightly on Sunday and started trading at $35,946.9, gaining 1.56 percent in value. BTC fluctuated between $33,441.0 – $36,143.0 throughout the day.

What Is The Price of Ethereum?

Affected by the fluctuating movements in Bitcoin, Ethereum was traded in the range of $ 2,181.93 - $ 2,465.84 during the day. The leading altcoin, which has lost 0.68 percent in the last 24 hours, is being bought and sold at $2,418.90 at the time of writing.

What Is The Price of Ripple?

Announcing its new carbon emission target, Ripple has gained 0.88 percent in the last 24 hours and is trading at $0.88511 at the time of writing.

How Much Was BTT?

BitTorrent, which lost value by 13.61 percent in the transactions on Friday, lost 8.32 percent yesterday. Today, however, it continued its losses, losing 0.84 percent and trading at $0.003654 at the time of writing.

What Is The Price of CHZ?

Continuing its losses on the second day, Chiliz has lost 2.43% of its value in the last 24 hours. CHZ is currently trading at $0.274220.

Recent news

Bitcoin Mining Difficulty Drops Mining difficulty, which is known as an indicator of Bitcoin production difficulty and which is automatically rearranged every two weeks due to the structure of Bitcoin according to the changes in hash rate, decreased by 15.97 percent at 04:18 am today after showing an increase that has not been seen since 2014 two weeks ago. The bitcoin difficulty had increased by 21.53 percent on May 13 and broke the record at 25.05 trillion.