DAILY CRYPTOCURRENCY NEWS

Polygon zkEVM Mainnet Beta Goes Live

Polygon’s highly anticipated zkEVM Mainnet Beta, which has been in development for over a year, is now available. ZkEVM is an off-chain scalability solution that is part of the Polygon (previously known as Matic) network. Thanks to this technology, Ethereum network scalability and usage speed increase, while the cost is projected to decrease.

G7 to cooperate on stricter Crypto Regulations

Stringent regulations around the world about cryptocurrencies are under way. This week, the G7 countries announced that they would cooperate on stricter crypto regulations. At a meeting last week, G7 leaders agreed on the need for tighter regulations on cryptocurrencies. G7 leaders will make cryptocurrency regulation more stringent to combat international money laundering and terrorist financing activities.

Deutsche Bank shares are falling, banking is soaring

2 in Europe during the banking crisis. during the big bank crisis. In the wake of Credit Suisse’s problems, investors worried about the loss of the shares of Deutsche Bank, Germany’s largest bank, last week. Although it is known that COVID-19 process and the bank went through difficult days after it, the decrease in the credit rating is thought to have caused the loss of value of its shares.

Bank deposits decrease as investors invest in Bitcoin

As Bitcoin and other cryptocurrencies have become increasingly popular over the past few years, the investment preferences of customers of banks from traditional financial institutions seem to be changing. A recent report shows that the growing interest of investors in investing in Bitcoin has led to a decline in deposits to banks. Especially in developed economies such as the US and UK, the decline in bank deposits is parallel to the increase in investments in Bitcoin and other cryptocurrencies. According to the Fed’s share, there was a significant decrease in the amount of money deposited in banks between March 8-15 and the borrowing created from small US banks reached the highest level in history. After March 15, Bitcoin saw a 35% rise.

NASDAQ plans to provide Storage Service for BTC and ETH Crypto in 2023

According to Bloomberg, the Nasdaq is 2 in 2023. it plans to launch cryptocurrency custody services by the end of the quarter. Although it is known that the exchange first shared its crypto service plans in September, then FTX etc. the crisis caused by the causes postponed this process. IRA Auerbach, one of the company’s executives, said Nasdaq was working to get solid infrastructure and all regulatory approvals before delivering the services it intended.

The Metaverse Fashion week begins

The 2023 Metaverse Fashion week will be held from March 28-31 to 28. This event will be held on Decentraland and will host a fashion show, design competition, boutique and panel. The second event will be held for the first time, while brands such as D&G, Tommy Hilfiger and DKNY will participate in 2. he will participate in the event once.

Venezuela has stopped mining activities

In Venezuela, the government has decided to shut down crypto mining companies and exchanges in the country as part of corruption investigations. The decision taken by the government after the ongoing economic crisis in the country is thought to have a negative effect in the long term, as it will create uncertainties for foreign investors.

Australia begins CBDC testing

Australia will launch a 2-month trial of 15 projects in digital currency studies. Offline use, foreign exchange transactions and live auctions will be some of the tests that projects will undergo.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 529909.47 TRY

Bitcoin is priced at $27,711, with a 0.94% depreciation as of this morning. We are seeing prices fall in Bitcoin following the transaction disruption seen on Binance last week. Although the price then reached the same level, the appetite and money flow in the market started to slow down. We see that the volatility has also fallen significantly in Bitcoin, a horizontal movement in the 4-hour chart in the range of 27.200 -28,400, we see that this movement is priced in the middle of the moment. We can say that the next target in a possible upward break in Bitcoin will be the $30,000 level and the next support in the downward move will be 26,500.

SUPPORTS 27.456 / 27.121 / 26.752
RESISTANCES 28.160 / 28.529 / 28.864

BITCOIN [BTC] 529909.47 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 33794.61 TRY

ETH, which has lost 1.38% of its value as of morning hours, is priced at $1748. When we look at the 4-hour chart in Ethereum, we see that the rising movement has made a low volume move in the 1710-1780 range after the downward break on Friday. We can say that the main target in Ethereum is the 1840 zone, and the 1710 level is critical for withdrawals. We would like to say that the level 1780 can also work as a resistance zone in the upward movement and that attention should be paid to the rotational movements that may come from this.

SUPPORTS 1684 / 1716 / 1735
RESISTANCES 1716 / 1818 / 1837

ETHEREUM [ETH] 33794.61 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 324.05 TRY

AVAX is trading at $16.79 today, down 1.93% as of morning hours. At AVAX, we see the triangle movement rising at 4 hours. Finally, we see that even though it has risen to 16.90 level by making a return from the support area where it was withdrawn at the weekend, it has not managed to break it upward. If a 16.90 break occurs in AVAX, we can say that the target will be 17.80.

SUPPORTS 16,06 / 16,40 / 16,61
RESISTANCES 17,16 / 17,50 / 17,71

AVALANCHE [AVAX] 324.05 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 9.56 TRY

XRP, which gains 0.96% in the morning, is priced at $0.4522. After the rise to 0.49 in Ripple, it retreated to 0.41 levels, creating a triangle formation rising from here. We can also say that in XRP, which accepts the 0.4620 level as resistance, there is a horizontal movement between 0.44 and 0.46 in smaller periods. We can say that the primary target in XRP will be a 0.46 break.

SUPPORTS 0,4225 / 0,4319 / 0,4443
RESISTANCES 0,4661 / 0,4755 / 0,4879

RIPPLE [XRP] 9.56 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 1703.11 TRY

LTC is trading at $91.30, with a value gain of 2.22% as of morning hours. In Litecoin, we see that the rising channel midband in the log has been broken and following the break here, it has made a horizontal move above the support of 91.30 in low volume. We can say that we see a rising triangle formation in the LTC and that the level of $ 95 is the resistance zone ahead.

SUPPORTS 90,42 / 89,10 / 87,03
RESISTANCES 93,81 / 95,88 / 97,20

LITECOIN [LTC] 1703.11 TRY +7.00 +0.03 VOL 21 LTC

LINK is now down 1.63% at $7.142. Following the downward break of the rising channel movement in LINK, it continues to use horizontal support-resistance levels. Finally, THE LINK, which made an upward turn from the $7 level, made a horizontal move in the range of 7.15-7.30 at the weekend. If the LINK, which creates an image similar to the binary top formation, does not break 7.14 downwards, we think that the price will target 7.27 again and 7.50 later.

SUPPORTS 6,96 / 7,04 / 7,11
RESISTANCES 7,27 / 7,36 / 7,42

BASIC ATTENTION TOKEN [BAT] 4.72 TRY

BAT is trading at $0.2380 with a 3.05% depreciation as of morning hours. We see that the horizontal channel movement continues at the BAT for 4 hours, and finally the 0.2450 channel middle band is retracted until the interval 0.2380-0.24. We can say that the channel support in the BAT is at a level of 0.23 and that in case of a 0.2380 break, attention should be paid to this region.

SUPPORTS 0,2067 / 0,2218 / 0,2301
RESISTANCES 0,2535 / 0,2686 / 0,2769

BASIC ATTENTION TOKEN [BAT] 4.72 TRY +7.00 +0.03 VOL 21 BAT

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