What's Happening in the Cryptocurrency Market? (May 31)

Here are the cryptocurrency news of May 31, 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 were adversely affected by China's ban on cryptocurrencies and the Bank of Japan's Governor criticizing BTC.

How Much Is A Bitcoin?

Bitcoin, which has been in a narrow band of 33-37 thousand dollars since Saturday, started the new week at 35 thousand 675 dollars. As of 13.04, it is trading at $ 36,281.9. The unit's gain in the last 24 hours was recorded as 1.21 percent.

What Is The Price of Ethereum?

Ethereum, on the other hand, is trading at $ 2,509.90, gaining 3.58 in the last 24 hours between $ 2,280.19 and $ 2,472.19. The unit's weekly earnings were 11.20 percent and its market volume was $267 billion.

What Is The Price of Ripple?

With the developments in favor of Ripple in the Ripple-SEC case yesterday, double-digit rises began on the XRP side. XRP has gained 14.30 percent in the last 24 hours and is trading at $ 1.00716 at the time of writing.

How Much Was BTT?

BitTorrent, which lost value on Friday and over the weekend, started positive in Monday's transactions. XRP, which has gained 1.25% in the last 24 hours, is trading at $ 0.003695 at the time of writing.

What Is The Price of CHZ?

Chiliz, which continued its losses on the third day, has lost 0.72 percent in the last 24 hours. CHZ is currently trading at $0.271846.

Recent news

Some Banks in the UK Make It Difficult to Transfer Money to Cryptocurrency Exchanges It has been stated that some banks have started to prevent or make it difficult to send funds to cryptocurrency exchanges in the UK, where harsh sanctions have been seen on cryptocurrencies recently. While financial crimes, especially money laundering, were shown as the reason, users rebelled, especially through their social media accounts. BNY Mellon Established A Cryptocurrency Unit In Ireland BNY Mellon, the most rooted banking institution in the USA, has established a Digital Innovation Center in Dublin, the capital of Ireland. According to the news in the Business Portal, the bank will provide custody services for asset types such as NFTs, central bank digital currencies, in addition to Bitcoin with this cryptocurrency. Thus, customers will be able to store, transfer or issue their digital assets.