What's Happening in the Cryptocurrency Market? (May 4)

Here are the cryptocurrency news of May 4, 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 world is going through a very active period. 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 decision of the President had a great impact on the cryptocurrency market. With the news that JPMorgan Chase will set up a Bitcoin fund to be actively managed in the first days of the summer to offer it to certain customers, BTC, which went above $ 55,000, fell to over $ 52,000 with profit sales. In yesterday's transactions, it recovered and climbed to around 58 thousand 700 dollars. The increase in Ethereum continued yesterday. The leading altcoin has crossed the $ 3,000 mark. Ripple, on the other hand, gained value due to the positive weather in the market.

How Much Is A Bitcoin?

Bitcoin, which pointed to an upward trend by gaining over 2 percent in yesterday's transactions, lost value against the US dollar and could not see the expected $ 60,000 limit. Leading cryptocurrency fell sharply and tested the $ 54,500 support zone where the bulls stopped. The most valuable unit in terms of market value has lost 4.24 percent in the past 24 hours, trading at $ 56,276.1.

What Is The Price of Ethereum?

Ethereum continued its rally yesterday and climbed to its highest level against the US dollar at $ 3,450. The leading altcoin, which has gained 5.79 percent in value in the last 24 hours, is being traded at $ 3,345.23 at the time of writing.

What Is The Price of Ripple?

Ripple lost 10.08 percent in value, experiencing the massive daily drop seen since April 24. XRP is currently trading at $ 1.474989. The loss of cryptocurrency in the past 24 hours is at the level of 7.16 percent.

How Much Was BTT?

The crypto market, which took a negative atmosphere with the decrease in Bitcoin, also hit BitTorrent. BTT started trading at $ 0.006669, losing 5.37 percent in the last 24 hours.

What Is The Price of CHZ?

Chiliz started to be traded at $ 0.505046, affected by the weather in the market. CHZ's loss in the last 24 hours was recorded as 6.20 percent.

Latest News

Harsh Accusation on XRP Investors from the SEC In the case that has been going on for months between Ripple and SEC, XRP investors from the SEC have been charged. The agency noted that XRP investors were waging war against it, and a group forced the SEC to impose sanctions against them, although they have not blamed any secondary XRP investors so far. The SEC stated in its statement: "Those who act this way are forcing the SEC to impose sanctions on investors who buy XRP from the secondary market." ETH's Market Cap Exceeds Walt Disney and Bank of America Ethereum has continued its rise for days, climbing to $ 3,400 today. Leading altcoin's earnings in the last 24 hours have exceeded 10 percent. Seeing above the total market value of important institutions such as The Walt Disney Company and Bank of America, Ethereum increased its market value to $ 382 billion, gaining more than 49 percent in the last 24 hours.