What's Happening in the Cryptocurrency Market? (May 6)

Here are the cryptocurrency news of May 6, 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 presidential decision had a great impact on the cryptocurrency market. With the news that JPMorgan Chase would 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. It started to recover slightly in yesterday's transactions. The cryptocurrency market fell in yesterday's trading after US Treasury Secretary Janet Yellen said that interest rates may need to rise moderately to prevent the US economy from overheating due to high government spending.

How Much Is A Bitcoin?

Bitcoin, which fell at the beginning of the week, then increased, clinging to support. The BTC price declined to $ 53,000 with its depreciation. Later, it gained value and climbed to around 56 thousand dollars. In today's transactions, BTC is traded at 57 thousand 166.5 dollars. In terms of market value, the loss of the largest cryptocurrency in the last 24 hours was recorded as 0.70 percent.

What Is The Price of Ethereum?

While investors continue to rely on Ethereum, despite the increasing price, there is no serious ETH inflow in cryptocurrency exchanges and ETH continues to be withdrawn. In contrast, ETH has gained 8.33 percent in the last 24 hours and is trading at $ 3,585.01 at the time of writing.

What Is The Price of Ripple?

XRP gained 8.85 percent in transactions on Thursday and is currently trading at $ 1.67731. With this move, the market value was 75,63844B, while the ratio of its value in the cryptocurrency markets was recorded as 3.16 percent. XRP has fluctuated between $ 1,56970 and $ 1,76001 levels in the past 24 hours.

How Much Was BTT?

BitTorrent, which is on the rise with the positive atmosphere in the cryptocurrency market, is trading at $ 0.007905 at the time of writing. The cryptocurrency has gained 13.62 percent against the US dollar in the past 24 hours.

What Is The Price of CHZ?

Chiliz, which fluctuated slightly from 20.00 on Wednesday to 16.00 today, has experienced a serious jump from 16.35 and is currently trading at $ 0.516106. CHZ's earnings amounted to 1.23 percent.

Latest News

Ethereum Classic Rose Above $ 100 As the ETC rose above $ 100 yesterday, a large price difference occurred between the exchanges. The price, which was $ 38 on April 15, climbed to $ 150 yesterday on the Coinbase exchange. Beşiktaş Club Warns Against Counterfeit Tokens Making a statement on its official website today, Beşiktaş reported that some malicious people attempted to create fake tokens with names such as Beşiktaş Fan Token, Beşiktaş Coin or BJK Coin, and said that they had no connection with the club. The club asked its fans to be careful about this issue and announced that the necessary legal procedures were initiated against the relevant websites and individuals.