What's Happening in the Cryptocurrency Market? (May 8)

Here are the cryptocurrency news of May 8, 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 early days of the summer to offer it to certain customers, BTC, which went above $ 55,000, fell to over $ 52,000 with profit sales. On the other hand, 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, the negatively affected cryptocurrency market started to recover. While Bitcoin continues its 3-day rise, ETH has been performing successfully for the past few weeks. Ripple, on the other hand, lost value in yesterday's transactions. In addition, Dogecoin has skyrocketed with the support of Elon Musk.

How Much Is A Bitcoin?

Bitcoin, which took a short break after official statements from the USA, England and Turkey, gained over 2 percent in the 24-hour period. The leading cryptocurrency has risen to $ 59,445. BTC is trading at $ 59,121.0 at the time of writing. In terms of market value, the gain of the biggest krillptop currency unit in the last 24 hours was recorded as 1.73 percent.

What Is The Price of Ethereum?

Ethereum, the second most valuable cryptocurrency in terms of market capitalization, broke a new record today. ETH, which climbed to the highest level at around 6 pm TSI, is trading at $ 3,832.29 percent at the time of writing. ETH has gained 8.47 percent in the past 24 hours.

What Is The Price of Ripple?

XRP experienced an intense buying wave at the $ 1.31 level and prices turned their direction up. However, it failed to break the $ 1.75 resistance level. XRP has lost 2.67 percent in the past 24 hours and is currently trading at $ 1,56626.

How Much Was BTT?

BitTorrent has lost value in today's transactions after gains in the last 2 days. BTT is currently trading at $ 0.007545. The loss of the unit within 24 hours was recorded as 9.85 percent.

What Is The Price of CHZ?

Chiliz, which has not been able to gain its investors for the time being, has lost 3.59 percent today. CHZ is trading at $ 0.499999 at the time of writing.

Latest News

MicroStrategy CEO Reacts to Bitcoin Simulation Michael Saylor, CEO of MicroStrategy company, which has attracted attention with Bitcoin purchases since August, reacted to comments that dismiss Bitcoin. Researcher Peter Atwater, who has 21 thousand followers on Twitter, compared Bitcoin to the MySpace application, which was widely used in the internet world for a short time in the mid-2000s, but almost disappeared with the intervention of Facebook. Thereupon, Saylor quoted the tweet in question and used the following statements: "The number that MySpace has the most value is less than 0.06 percent of the daily transaction value in Bitcoin. The market value of bitcoin has grown faster than any company in the world history. In Bitcoin, the amount of money that MySpace has reached in its lifetime is traded within a few hours. "