DAILY CRYPTOCURRENCY NEWS

SEC Investigates BNB

The SEC is questioning whether BNB is a security. It is investigating whether there was an irregularity in the token sale in 2017. While the outcome of the investigation is not yet clear, Binance officials said in a statement that they are cooperating with and assisting the relevant authorities, but that it would be wrong for them to make a comment.



World's Biggest Football League Joins Metaverse
The English Premier League has filed two applications with the United States Patent and Trademark Office regarding its metadatabase. Thus, the Premier League, one of the most watched sports leagues in the world, has stepped into the crypto asset world. It is also said that a similar application has been made by FIFA. These applications may be very important in terms of inclusion in crypto assets in the coming period in Europe, which is the center of football.

Mining Bid from Kenya's Largest Energy Provider
Kenya is Africa's largest country for geothermal energy and KenGen is Kenya's largest electricity supplier. The company has proposed that the surplus electricity it generates with geothermal energy be used for Bitcoin mining. Although the Kenyan government's approach to crypto assets is different, this proposal seems to be very valuable in terms of crypto mining.

Negative News from Ethiopia
The Central Bank of Ethiopia has declared it illegal to accept payments with anything other than Ethiopia's official currency. In the published statement, it was reported that the use of crypto assets increased, while it was announced that it was illegal to accept payments with Bitcoin or another cryptocurrency.

Terra Precaution from Tron
USDD, which was launched as Tron's stablecoin, has increased measures to prevent a crisis similar to the UST crisis experienced by Terra. When Tron founder Justin Sun made the announcement on his Twitter account, it was announced that USDD contained a large amount of BTC, USDT and TRX in order to be more comfortable to use and reassure USDD in the future.

ApeCoin Votes to Exit Ethereum Ecosystem
The ApeCoin community is voting to exit or remain in the Ethereum ecosystem. There are 3 days left before the end of the vote and the result remains uncertain. Although there is a side that advocates staying in the Ethereum ecosystem, the side that advocates leaving the Ethereum ecosystem is just as strong. 48.22% of Ape holders voted against staying in the Ethereum ecosystem. This 48% game consists of 3 large whales, 63% of which have a total of 1.1 million Apes.

 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 358900.30 TRY

After breaking the record by making a red bar in the 9th week, Bitcoin ended this series by closing the last week with a green bar. After this close, BTC, which started this week by rising, rose to 31,700 levels and managed to stay above the 31,000 level on Monday. Although the positive opening of the American stock market and the positive start of the day by the Nasdaq enabled Bitcoin to test the 30,500 levels many times, the crypto asset market experienced a significant decline following the news of the SEC's investigation into BNB Coin.

Bitcoin is pricing in at $ 29,527 with a 5.95% loss in the morning hours. Bitcoin, which saw 31,800 levels yesterday, experienced a significant loss of value of $ 2000 after the news in the morning hours. When we look at the weekly chart, although Bitcoin, which is in the rectangular formation, seems strong, it has not managed to move away from the critical region, especially in the last 4 weeks.

RESISTANCES 31.154 / 32.762 / 33.726
SUPPORTS 28.582 / 27.618 / 26.010

BITCOIN [BTC] 358900.30 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24601.13 TRY

Despite the rising market 2 days before the test, we see that Ethereum remains weak in price. The fact that Ethereum is still below $ 2000 these days when Bitcoin is approaching 32,000 levels may be the biggest indicator of this. The result of the test seems to play an important role in the pricing of Ethereum and the altcoin market until the possible merger.

Today, ETH, which lost 5.95% of its value in the morning hours, is priced at $ 1753. Ethereum is in a descending channel in 4 hours and we can say that the critical levels for the upward movement are the 1950-2000 band, and the critical level for the downside breakdown is the 1680-1720 level.

RESISTANCES 1873 / 1992 / 2066
SUPPORTS 1487 / 1606 / 1680

ETHEREUM [ETH] 24601.13 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 317.52 TRY

AVAX, which is down 8.16% as of the morning hours, is priced at $ 23.87. We see AVAX entering a symmetrical triangle pattern on the 4-hour chart. Although it tried the upward breakdown many times yesterday, today it fell to $ 23 levels with a general decline of the market. We see that the 22.70 levels are critical.

RESISTANCES 26,61 / 29,54 / 31,28
SUPPORTS 17,27 / 20,20 / 21,94

AVALANCHE [AVAX] 317.52 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.75 TRY

XRP, which lost 3.03% of its value in the morning, is priced at $ 0.3905. When we examine the 4-hour chart, we see that XRP, which is in a falling channel, did not give a strong image yesterday and returned to the middle levels of the channel after the general decline.

RESISTANCES 0,4058 / 0,4203 / 0,4312
SUPPORTS 0,3550 / 0,3695 / 0,3804

RIPPLE [XRP] 8.75 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 987.92 TRY

LTC is trading at $61.1, down 5.12% as of the morning hours. When we look at the 4-hour chart, we see a rectangular formation. For LTC, which is at the bottom of the formation, the $60 level stands out as the last critical support.

RESISTANCES 65,08 / 68,70 / 70,94
SUPPORTS 53,36 / 56,98 / 59,22

LITECOIN [LTC] 987.92 TRY +7.00 +0.03 VOL 21 LTC

LINK, which has lost 5.14% of its value as of the morning hours, is priced at $ 7.56. When we examine the 4-hour chart, we see that a falling channel has been broken upwards, but then it has returned to the channel. It will be important for LINK, which is still near the resistance point at the moment, to stay above the 7.75 levels.

RESISTANCES 08,03 / 08,54 / 08,89
SUPPORTS 06,30 / 06,81 / 07,16

BASIC ATTENTION TOKEN [BAT] 5.62 TRY

BAT is trading at $0.3811, down 5.46% as of morning hours. When we look at the 4-hour chart, we see that it is in a falling channel and although it tries the upward breakdown many times, it returns into the channel without being able to break it. We can say that the middle levels of the channel also acted as a support before, and the critical level for this was 0.37 and then 0.33.

RESISTANCES 0,4135 / 0,4453 / 0,4661
SUPPORTS 0,3083 / 0,3401 / 0,3609

BASIC ATTENTION TOKEN [BAT] 5.62 TRY +7.00 +0.03 VOL 21 BAT

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