ICRYPEX | Daily Newsletter | Us Treasury Secretary Janet Yellen's Bitcoin Comment

DAILY CRYPTOCURRENCY NEWS

US Treasury Secretary Janet Yellen's Bitcoin Comment

Yellen made a statement following the rumors of crypto asset regulation that were widely talked about in the US last week. Yellen responded to the controversy surrounding Bitcoin's placement in the U.S. pension fund 401(k) by saying that Bitcoin is too risky for retirement savings.

NFT Study from Mastercard
Mastercard had begun work to facilitate the NFT purchase and transfer transactions of cardholders. In this context, he went to some collaborations and this was interpreted quite positively for the crypto asset market. Last week, it added six different NFT Markets to these collaborations. Thanks to these collaborations and studies, it is aimed that 2.9 billion cardholders will have access to crypto assets and the use of cryptocurrency will increase considerably.

Jack Dorsey Announces Web5
TBD of the Block company, owned by Jack Dorsey, known as the owner of Twitter, announced the Web5 project. While Web3 focuses on tokenization, Web5 will be highly decentralized and will focus on identity management. Dorsey said the project will be his most important contribution to the Internet.

Working on Anonymous Wallets in the U.S.
According to Deputy Treasury Secretary Wally Adeyemo's statement, people who transact with unowned wallets should be aware of in order to control criminal activities in transactions with crypto assets. Adeyemo also confirmed that they are aware of the digitalization of the financial sector and that the U.S. is also moving towards crypto asset regulation.

Increase in the Number of Shiba Whales

It was observed that the number of active whales in Shiba increased considerably. According to data shared by a Twitter statistics page, there was a 44% increase in active Shiba whale addresses. In another share, it was stated that Toshiba is among the most used smart contracts.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 357805.65 TRY

The crypto asset market has been waiting for the inflation data released on Friday for the past week. Bitcoin has tried to stay above the 30,000 level and break above the 31,000 level several times. However, as inflation came in above expectations and the adequacy of the Fed's anti-inflation policies in recent months began to be questioned, the fear of recession came to the fore again. In this process, whether Bitcoin will be considered as a risky asset or as a means of escaping from inflation has been the most important question that will determine the price movement. However, Bitcoin was evaluated by the investors in general and fell to 29,000 and then to 25,000 levels as soon as the inflation data was announced.

Bitcoin is pricing in at $ 25,821 with a loss of 2.83% in the morning hours. When we look at the weekly chart, we see that the rectangular pattern has broken downwards. We can say that the next support level is the $20,000 level.

RESISTANCES 27.677 / 29.706 / 31.089

SUPPORTS 24.265 / 22.882 / 20.853

BITCOIN [BTC] 357805.65 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24744.25 TRY

Although there was very positive news last week in Ethereum, which has been quite weak for the last 3 weeks, a positive pricing did not occur. Then, with the inflation data announced by the Fed, the general decline in the crypto asset market caused the critical levels to be broken in Ethereum.

Today, ETH, which lost 4.72% of its value in the morning hours, is priced at $ 1367. Ethereum was in a falling channel in 4 hours, but with the inflation data, it broke the falling channel downwards and fell to $ 1300 levels.

RESISTANCES 1504 / 1649 / 1748

SUPPORTS 1016 / 1161 / 1260

ETHEREUM [ETH] 24744.25 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 322.98 TRY

AVAX, which lost 4.74% of its value as of the morning hours, is priced at $ 16.45. On AVAX's weekly chart, we see that 22.70 is the most critical support level. The breaking of that $22 level with the general decline in the market causes AVAX to be priced at $16.

RESISTANCES 18,68 / 20,86 / 22,38

SUPPORTS 11,28 / 13,46 / 14,98

AVALANCHE [AVAX] 322.98 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.30 TRY

XRP, which lost 2.88% of its value in the morning, is priced at $ 0.3336. When we examine the 4-hour chart, we see that XRP, which is in a falling channel, broke the channel to the downside and fell to the critical 0.33 levels.

RESISTANCES 0,3564 / 0,3809 / 0,3966

SUPPORTS 0,2760 / 0,3005 / 0,3162

RIPPLE [XRP] 8.30 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 980.78 TRY

LTC is trading at $45.4, down 5.01% as of morning hours. Following the delist news, LTC broke the critical $ 62 levels and then the $ 57 levels down with the decline of the market, and the price fell to $ 45 and reached its lowest levels since 2020.

RESISTANCES 50,82 / 55,97 / 59,13

SUPPORTS 34,20 / 39,35 / 42,51

LITECOIN [LTC] 980.78 TRY +7.00 +0.03 VOL 21 LTC

CHAINLINK [LINK] 145.96 TRY

LINK is down 3.51% at $6.05 today. LINK formed an upward channel with the positive news and rose to $ 10 levels. However, the general decline in the market caused LINK not to decompose positively and fell to $ 6 levels.

RESISTANCES 07,00 / 07,90 / 08,55

SUPPORTS 03,89 / 04,80 / 05,44

CHAINLINK [LINK] 145.96 TRY +7.00 +0.03 VOL 21 LINK

BASIC ATTENTION TOKEN [BAT] 5.56 TRY

BAT is trading at $0.2911, down 5.21% as of morning hours. When we look at the 4-hour chart, we can see that it is in a falling channel and as of Friday, the channel has broken downwards. We can say that this price is the lowest level of the last 1 year and the next support level is the 0.29 zone.

RESISTANCES 0,3249 / 0,3566 / 0,3767

SUPPORTS 0,2213 / 0,2530 / 0,2731

BASIC ATTENTION TOKEN [BAT] 5.56 TRY +7.00 +0.03 VOL 21 BAT