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Bitcoin lost 3.53% value during morning hours; the current price is $42.105. Although Bitcoin is a relatively new asset class, the cryptocurrency's return on investment is significantly higher, overshadowing other traditional products. Bitcoin's 5-year investment outperforms the established banking stocks by over 4000% on average. In parallel with the situation on the investor side, the recent data from the Crypto Fear & Greed Index shows that the cryptocurrency market is experiencing a period of investor fear with a 3-month low score of 27 out of 100.

When we consider the BTC/USDT parity in a technical sense, Bitcoin, which sank below $40,000 last night, has risen today amidst the daily candle opening. In the morning, this rise continued until the Fibo'61,80 tranche matched the $42.235 level and faced resistance from the same level. When we examine it in the daily chart, the sell signal continues on the MACD. If Bitcoin continues retreating, the $38,100-$39,000 levels will be followed.
 

Ethereum lost a 3,75% value during morning hours, and the current price is $2866,28. Ethereum 2.0 is still very far on the horizon when we check the on-chain data for Ethereum. Scheduled to take place in 2022, the project has although not been a deterrent for investors in Ethereum to invest their coins on the network. The value of ETH staked on Ethereum 2.0 increased by 25% in one month.

When we consider the ETH/USDT parity in a technical sense, it continues to retreat from the 50-day average ($3291) to the 200-day average matching the $2593 level, alongside the drops following September 19. Although the stochastic sell signal continues in the daily chart, it has reached the oversold zone. There is a positive mismatch formation in the 4-hour RSI, which indicates that the downside trend is slowing down/about to end. In the short term, we also expect the drop to slow down and ETH to find a new support.
 

AVAX lost 6,5% value during morning hours and the current price is $63,10. When we consider the AVAX/USDT parity in a technical sense, AVAX, which has begun to retreat after the double bottom pattern, finds support at $54,88 equivalent to Fibo'61,80 tranche. AVAX has risen again with the support. Even if in the 4-hour daily chart MACD sell signal continues, there is a notable recovery. AVAX rose $63,43 equivalent to Fibo'78,6 tranche in the morning, has faced a reaction from this level. If it remains above, it will rise again towards the peak level.

Ripple lost a 5,94% value during morning hours, and the current price is $0,9215. When we consider the XRP/USDT parity in a technical sense, having retested the 200-day moving average equivalent to $0,9438 yesterday and this morning, XRP could not break this mentioned level. XRP begins to retreat after facing the resistance at the level. In the daily chart, the stochastic signals the oversold. Yesterday, having found support at $0.8543 equivalent o Fibo'50 tranche, XRP should follow the $0.77-0.80 level if it breaks this level downwards.

LTC lost 2,0% value during morning hours, and the current price is $151,1. When we consider the LTC/USDT parity in a technical sense, having broken the $155,4 level downwards equivalent to Fibo'50 tranche following yesterday's drop, LTC has although retested $155 this morning, could not break upwards. In the daily chart, the MACD continues to give sell signal. If the downward price movement continues for LTC, the next support level is $138,5-141, which is close to the Fibo'38,20 tranche.

LINK lost 3,10% value during morning hours, and the current price is $23,10. When we consider LINK/USDT parity in a technical sense, having broken the support levels downwards following the sharp drops in the total market for three days, LINK fell below the $22,05 level equivalent to Fibo'50 tranche and daily closed below this level. LINK has although retested this level in the morning if it does not remain above by the daily close, it can retreat to $19.

BAT lost 2,41% value during morning hours; and the current price is $0,620. When we consider the BAT/USDT parity in a technical sense, having retested $0,677 equivalent to Fibo'50 yesterday, BAT could not break upwards and then daily closed below the $0,6172 level at Fibo'38,20, by facing resistance. Although a recovery in short-term metrics has been seen, no signal indicates the trend-ending.