What's Happening in the Cryptocurrency Market? (May 9)

Here are the cryptocurrency news of May 9, 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. 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. Bitcoin compensated for its fall at the beginning of the week and has been gaining in value for 4 days. Ethereum has also had a successful performance recently, and even broke a record in yesterday's transactions. XRP, on the other hand, fell yesterday, with developments in the SEC case.

How Much Is A Bitcoin?

Unable to establish the 59,500 resistance, Bitcoin dropped below the sub-support zone of 57,750 - 57,300 and fell to $ 56,200 levels. At the time of writing, it is traded at $ 57,585. The leading cryptocurrency has lost 0.17 percent in the past 24 hours.

What Is The Price of Ethereum?

Ethereum, which is experiencing the breakdown of the 3720 resistance, seems to be in the retest phase in order to hold above this resistance level. Over 3900 and 4000 levels can be seen after a successful retest. If Retest fails, supports 3350 and 3005 can be tested. ETH is currently trading at $ 3,933.40. The leading altcoin has gained 3.42 percent in the past 24 hours.

What Is The Price of Ripple?

XRP, which depreciated in yesterday's transactions, continued its loss today. XRP, which lost nearly 3 percent in yesterday's transactions, is currently trading at $ 1,51236. The unit's loss was recorded as 2.55.

How Much Was BTT?

BitTorrent has been losing value for two days. BTT, which lost nearly 10 percent in yesterday's transactions, lost 1.52 percent in today's transactions. The unit is traded at $ 0.007260 at the time of writing.

What Is The Price of CHZ?

Chiliz, which has not been able to earn its investors for the time being, has lost its value by 2.71 percent today. CHZ is trading at $ 0.481502 at the time of writing.

Latest News

Dogecoin Crashed After The Joke In SNL The Saturday Night Live, which Dogecoin owners all over the world were eagerly waiting for Elon Musk's participation, started in the morning. Elon Musk's mother, Maye Musk said, “I'm really excited for my Mother's Day gift, I hope it is not Dogecoin." Dogecoin crashed after the skit. DOGE, which climbed to $ 0.70 when Dogecoin was not mentioned at the beginning of the program, fell to $ 0.50 after the joke and did not recover. Gemini Paves The Way To Earn Interest Income With Dogecoin Gemini, the major US-based cryptocurrency exchange, paved the way for earning interest income with Dogecoin. In addition to listing DOGE on its platform recently, it aims to enable its customers to earn interest income with their Dogecoins. In a statement today, the company reported that Dogecoin holders will earn an annual return of 2.25 percent of the amount they hold in their accounts through the Gemini Earn service.