DAILY CRYPTOCURRENCY NEWS

Cryptocurrency on the National Payment Platform

Bitcoin and Litecoin join the Patria payment platform, the Venezuelan state wallet application. The losing value of the Venezuelan currency day by day has led the state to turn to increase the use of cryptocurrencies. This growing interest in decentralized currencies may drag other countries after it.

Blockchain-Based Voting System is on the Agenda
The inability to determine the election results in the USA and the confusion about the votes reveal the necessity of the blockchain system. Vitalik Buterin, the co-founder of the Ethereum network, highlighted the importance of the blockchain voting system in their shares. Even though the encrypted voting system is difficult, its importance is emerging. Cardano has stated that he has already started working on such a goal.

Ethereum 2.0 Release Date Announced
Ethereum 2.0, which is eagerly awaited by crypto money investors, will be launched on December 1, 2020. Although there are rumors of delay regarding the update that the transition from Proof of Work to Proof of Stake will be completed, there is no confirmed information. At least 32 Ethereum must be staked to be able to mine.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 350456.38 TRY

We can say that Bitcoin made a new rally yesterday, climbing above the $ 15,000 level with gains ranging between 7% and 11%. Cryptocurrency investors were the most comfortable follower, regardless of who exited the US Presidential elections. The common point was the decline of the dollar and its aid, Fed's funding, and the increase in individual and corporate interest in cryptocurrencies. The increase in market dominance to 67% also causes altcoins not to be in demand due to low investor sensitivity and investments in BTC, the capital. According to Bitcoin options, it is currently trading with a probability of 14% for BTCUSD to reach $ 20,000 by the end of the year.

When we consider BTCUSD technically; At the $ 16,000 border, the MACD and Momentum indicators maintain momentum in the positive zone. Support and resistance ranges are now quite open. Therefore, if it breaks down to 15,300, there is no significant support up to the $ 14,200 levels. Above, before 20,000, the most important resistance is 16,200 and 17,300, with large gaps above. Therefore, the momentum can be followed with caution. The outlook is positive and driving upwards.

RESISTANCES 16,330/ 16,950/ 17,980
SUPPORTS 14,680/ 13,650/ 13,030

BITCOIN [BTC] 350456.38 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24465.19 TRY

Ethereum again captured 7% of BTC's return and broke the $ 410 yesterday and surpassed an important region. Ethereum Foundation pointed to December 1 in its statement for the 2.0 update. However, some speculation spreading in the market was that this date could be delayed, leaving pressure on pricing. Due to the fact that it is unconfirmed information, movements in Bitcoin have a positive effect on Ethereum for now.

When we consider ETH / USD technically; The declining trend that has been ongoing since September 1 is broken and the upward channel that formed in early October continues. Ethereum, which we mentioned yesterday that the momentum could increase with the break of the 410 regions, acted in this direction and suddenly rose to the $ 440 region. Because if this zone is broken, there is no significant resistance up to $ 490 and the double bottom continues in the weekly period. You can watch the details in our Crypto Zoom post on our YouTube channel. The outlook is bullish and positive.

RESISTANCES 451/ 467/ 494
SUPPORTS 407/ 380/ 364

ETHEREUM [ETH] 24465.19 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 315.92 TRY

RESISTANCES 3,6890/ 3,8730/ 4,2070
SUPPORTS 3,1710/ 2,8370/ 2,6530

AVALANCHE [AVAX] 315.92 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.18 TRY

RESISTANCES 0,2570/ 0,2630/ 0,2730
SUPPORTS 0,2410/ 0,2310/ 0,2250

RIPPLE [XRP] 8.18 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 971.67 TRY

RESISTANCES 63,85/ 66,50/ 71,00
SUPPORTS 56,70/ 52,20/ 49,50

LITECOIN [LTC] 971.67 TRY +7.00 +0.03 VOL 21 LTC

RESISTANCES 11,80/ 12,40/ 13,20
SUPPORTS 10,40/ 9,55/ 9,00

BASIC ATTENTION TOKEN [BAT] 5.53 TRY

RESISTANCES 0,1970/ 0,2030/ 0,2110
SUPPORTS 0,1835/ 0,1750/ 0,1700

BASIC ATTENTION TOKEN [BAT] 5.53 TRY +7.00 +0.03 VOL 21 BAT

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