DAILY CRYPTOCURRENCY NEWS

Digital Currency Project from China

The Chinese city of Shenzhen has announced that it will distribute 30 million digital yuan (e-CNY) for charity. It was announced that the distribution will be made to revive the economy affected by the pandemic and to help people.

Important Remarks from the Ripple Manager
Ripple Manager Asheesh Birla talked about the future of Ripple. Noting that the SEC lawsuit is only a minor hurdle, Birla mentioned that there is a lot of demand for RippleNet. Stating that they can replace Swift, Birla added that their dreams are much bigger than that.

World Bank's Crypto Center Concern

The Central African Republic announced its Sango crypto center last week. The World Bank said its $35 million loan to the Central African Republic was not related to the project and did not support the Sango project.

Eurovision Winner Sells Kalush Award

The Ukrainian Kalush group, the 2022 Eurovision winner, sold its prizes and donated the proceeds to the military for their country at war with Russia. The group, which carried out the sale on a crypto exchange, announced that they sold their prize for a total of 500 ETH.

Famous Spanish Company Also Accepts Bitcoin

Spanish mobile payment platform Swish has announced that they will accept payments with Bitcoin.

Statement on Bitcoin from the Russian Ministry of Economy

The Russian Economy Minister announced that cryptocurrencies can be used to carry out the country's overseas payments. Noting that this idea is still being discussed, he said it could be positive for the revival of the Russian economy and business world.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 374569.09 TRY

In global markets, risk appetite increased after the number of cases in China fell to the lowest level in three months and restrictions were relaxed in Beijing and Shanghai. While the US 10-year bond yield declined after the news, the dollar index also fell. With this optimism, we see that reaction purchases in crypto assets come to the fore on the first day of the week.

Bitcoin is up 4.71% in the morning hours today at $31,757. BTC, which closed positively for the 3rd consecutive day as of the weekend after the general decline on Friday, broke the rectangular pattern it formed on the daily chart to the upside.

RESISTANCES 32.584 / 33.480 / 34.632
SUPPORTS 30.536 / 29.384 / 28.488

BITCOIN [BTC] 374569.09 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 25324.01 TRY

In ETH, which closed the last week with a seller, we see that the week started with reaction purchases after the increase in risk appetite in global markets. While global markets are finding support from COVID-19 developments in China, the non-farm payrolls data to be released from the US this week will be important in terms of recession pricing.

ETH, which gained 6.41% in the morning hours today, is priced at $ 1994. When we examine the hourly chart, it has risen to the previous resistance level of $ 2000-2030 with the return from the 1700-1800 levels. We can say that this level is critical for the rise and that closures should come above this level.

RESISTANCES 2038 / 2095 / 2177
SUPPORTS 1760 / 1817 / 1899

ETHEREUM [ETH] 25324.01 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 322.75 TRY

AVAX is priced at 27.53, which is up 3.18% as of the morning hours. AVAX, which found support at the $22 levels after last week's decline, is in the ascending channel pattern on the 4-hour chart and we will be following the breakdown of the 30 levels for the upside breakout.

RESISTANCES 29,17 / 30,62 / 32,14
SUPPORTS 23,23 / 24,68 / 26,20

AVALANCHE [AVAX] 322.75 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 9.16 TRY

XRP, which increased by 5.45% in the morning hours, is priced at 0.4179. Looking at the 4-hour chart, we can say that XRP, which is in a descending channel, should close above the 0.425 level for upside breakdowns.

RESISTANCES 0,4419 / 0,4575 / 0,4809
SUPPORTS 0,3639 / 0,3795 / 0,4029

RIPPLE [XRP] 9.16 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 1007.75 TRY

LTC is trading at $69, up 5.18% as of morning hours. Looking at the 4-hour chart, we can say that the ascending triangle is in the formation and the next critical level is the 73-74 dollar band.

RESISTANCES 71,36 / 73,52 / 77,11
SUPPORTS 59,86 / 62,02 / 65,61

LITECOIN [LTC] 1007.75 TRY +7.00 +0.03 VOL 21 LTC

LINK, which increased by 7.26% as of the morning hours, is priced at $ 7.54. When we examine the 4-hour chart, we see that the descending triangle pattern has reached the breakout level. We can say that the breakdown of the $7.65-8 band is important for LINK.

RESISTANCES 07,77 / 08,01 / 08,37
SUPPORTS 06,58 / 06,81 / 07,17

BASIC ATTENTION TOKEN [BAT] 5.69 TRY

BAT is trading at $0.4075, up 6.79% as of morning hours. When we look at the 4-hour chart, we can say that it is in a falling channel and that the 0.4125 band needs to be broken for the upward movement.

RESISTANCES 0,4180 / 0,4320 / 0,4510
SUPPORTS 0,3520 / 0,3660 / 0,3850

BASIC ATTENTION TOKEN [BAT] 5.69 TRY +7.00 +0.03 VOL 21 BAT

We always love and support sports!

We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, Emir Tanju and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.