DAILY CRYPTOCURRENCY NEWS

FED's Interest Rate Decision!

Following the inflation data, the FED announced its interest rate decision at 21:00 yesterday evening. After the interest rate, which was expected to be increased by 50 bp, was increased by 75 bp, a sudden purchase and appetite began in the market. With this appetite, BTC showed an increase of $ 2000 and closed at $ 22,300, while altcoins increased by 10-15%.

USDD Lost Its $1 Stable. 2.5 Billion TRX Shots Were Made!

TRON's stablecoin, USDD, lost its $1 stableness on Tuesday. After the Terra incident, great precautions were taken to prevent a similar incident. However, USDD lost its stability with the big decline in the market. TRON announced that $700 million of USDC was purchased to maintain USDD stability, followed by an addition of 500 million. Yesterday at noon, it was finally announced that 2.5 billion TRX would be withdrawn from the exchange for the security of the entire blockchain network.

Is the 3AC Company Sinking?

Rumors have emerged that 3AC, cited as one of the biggest VCs, has sunk. ETH-related problems in Celsius, a twitter address sharing that they lost $ 30 million on a single stock exchange in just one day, and the company's CEO Zhu Su losing his activity on Twitter, etc. were the main reasons for these rumors. Although there is still no healthy news, Zhu Su announced in his statement that they are in contact with the relevant places and continue to work.

In Bitcoin, This Data Has Reached the Highest Level in History!
The indicator, known as hashrate, which measures the total computing power connected to the Bitcoin network, has reached an all-time high. As this indicator increases, it shows us how many computers and mining devices are connected in Bitcoin mining. This means that the BTC rewards from mining are further divided.

Positive Report from Fidelity!

The famous financial company Fidelity made a statement about cryptocurrency. Technical analysis data was shared in the statements made by Jurrien Timmer, who is the Global Macro Director of Fidelity. Trimmer explained that Bitcoin has been oversold.

Saylor, CEO of MicroStrategy: As our cash increases, we will continue to buy BTC.

Following the big drop in Bitcoin, it was announced that MicroStrategy had a loss of close to $ 1 billion. The company's CEO Michael Saylor, who said that they are not under any liquidation risk, explained that they plan their plans and balance sheets by anticipating the volatility of the market and that they trust BTC. Saylor also stated that they will continue to buy Bitcoin as long as they find cash.

 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359558.67 TRY

Bitcoin fell to 20,000 levels after the inflation data and tested it. After the Fed acted in this way until the interest rate decision, the FED increased by 75 bp, providing some relief to the markets. Thus, investor appetite for risky assets as well as in the US stock markets increased and BTC rose to 22,300 levels.

Bitcoin is priced at $ 22,267 with a loss of 1.34% in the morning hours. Looking at the daily chart, we see that although there is a rapid decline to 20,000 levels after the rectangular pattern broken, the $20,000 support is working well. Although it has experienced a small rise with the appetite in the markets, it seems likely to test the 20,000 support again.

RESISTANCES 23.375 / 24.580 / 26.193
SUPPORTS 20.557 / 18.944 / 17.739

BITCOIN [BTC] 359558.67 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24655.09 TRY

After the 3AC and Celsius crises, the Ethereum price fell to $ 1000. As it is known, 3AC is a big fund company. The company's sale of Ethereum created a price mismatch between stETH and ETH, which caused panic in many investors.

Today, ETH, which lost 3.64% of its value in the morning hours, is priced at $ 1192. We can say that Ethereum has a very similar chart to BTC on a weekly basis. Only the weaker Ethereum broke the critical level of $ 1200, causing it to fall further. We can say that the strongest support in ETH, which has risen slightly with the interest rate decision, is at the level of $ 850.

RESISTANCES 1300 / 1399 / 1541
SUPPORTS 0817 / 0916 / 1059

ETHEREUM [ETH] 24655.09 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.29 TRY

AVAX, which has lost 3.22% of its value as of the morning hours, is priced at $ 17.72. On AVAX's weekly chart, we see two critical supports at $15.60 and $10. Although he tried the $15 level many times, he could not break it and then went up. We can say that the primary target is the 20-21 dollar band. If the $15 level is broken, we see that the next support level is the $10 band.

RESISTANCES 19,52 / 21,20 / 23,69
SUPPORTS 11,18 / 12,86 / 15,35

AVALANCHE [AVAX] 319.29 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.74 TRY

XRP, which lost 2.36% of its value in the morning hours, is priced at $ 0.3355. On the weekly chart, we see that Ripple, which is in a symmetrical triangle, has tested the support level at $0.28 several times but has failed to break it. At the moment, we can say that the next target in Ripple, which has risen by about 15% from this level, is the 0.36 level.

RESISTANCES 0,3562 / 0,3768 / 0,4073
SUPPORTS 0,2540 / 0,2746 / 0,3051

RIPPLE [XRP] 8.74 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 988.64 TRY

LTC is trading at $49.03, down 3.16% as of morning hours. In Litecoin, which has experienced a big decline with the news, we see that the critical level is the $ 40 level and this level has been tested many times. Although it has risen to $ 50 levels with the relief in the market, it seems difficult to enter the upward trend without breaking the $ 60 level.

RESISTANCES 53,48 / 56,96 / 62,92
SUPPORTS 34,60 / 38,08 / 44,04

LITECOIN [LTC] 988.64 TRY +7.00 +0.03 VOL 21 LTC

LINK is down 4.91% at $6.98 today. LINK BTC fell to $ 5.50 with a decline to $ 20,000. However, with the interest rate decision, it rose to $ 7.50 levels but could not stay at that level. When we examine the 4-hour chart, the $5 level is critical for LINK, and if the $5 level breaks, the next support is at the $1.5 levels.

RESISTANCES 07,68 / 08,40 / 09,32
SUPPORTS 04,42 / 05,14 / 06,05

BASIC ATTENTION TOKEN [BAT] 5.64 TRY

BAT is trading at $0.3439, down 5.03% as of the morning hours. When we look at the weekly chart, we see that the 0.28 level is quite critical and this level has been tested many times but not broken. BAT, which rose to the resistance level at 0.36 with the momentum in the market, also broke down that level, but could not stay above it and lost value around 6%.

RESISTANCES 0,3816 / 0,4201 / 0,4735
SUPPORTS 0,1978 / 0,2363 / 0,2897

BASIC ATTENTION TOKEN [BAT] 5.64 TRY +7.00 +0.03 VOL 21 BAT

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