DAILY CRYPTOCURRENCY NEWS

A Quarter Of US Investors Own Bitcoin, More Than Half Bought It This Year

Retail investor interest in digital assets has been fueled by a survey by Grayscale Investments and market research firm 8 Acre Perspective, with more than a quarter of US investors reported to own Bitcoin in 2021. Of the 1,000 investors surveyed, 59% said they were interested in Bitcoin investments, 55% more than in 2020.


Colombia's Largest Bank Offering Bitcoin Trading

The company announced on Monday that it will soon offer Bitcoin trading services in Colombia for customers of the country's largest bank, Bancolombia, in partnership with a cryptocurrency exchange.

Ethereum Miners Outpace Bitcoin Miners for Seven Months in a Row

Last month, Bitcoin miners earned $1.69 billion, down 2% compared to the previous month. In contrast, Ethereum miners generated $1.99 billion in revenue, up 11.8% from October, and overall earned 1.18 times the revenue of Bitcoin miners in dollar terms in November.

CME Group Launches Micro Ether Futures

Micro Ether futures contracts are traded on the world's largest financial derivatives exchange CME. In an announcement on Monday, CME Group said it has launched a micro-Ether (ETH) futures contract with a size of 0.1 ETH, providing institutional and individual investors with another product for Ether investment.

Ethereum Balance on Exchanges Drops to the Lowest Level in the Last 3 Years

With the recent increase in Ethereum value accompanied by new record levels, the amount of Ethereum's reserves held on exchanges continues to decrease. According to on-chain data provided by Glassnode, Ethereum reserves held on centralized exchanges reached the lowest level in the last three years with 14,042,589,584 ETH.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 375428.69 TRY

Bitcoin, which gained about 1.20 percent in the morning hours, is priced at $ 51,159. When we look at the money flow in digital asset funds last week, we see that a total of 184,1 million dollars of asset purchases were made, and approximately 144.9 million dollars of these purchases were made by Bitcoin. Considering the week dominated by the declines as a buying opportunity, institutional investors continue to buy through funds. Positive for Bitcoin and the overall cryptocurrency market.

When we examine the BTC/USDT parity technically, BTC, which broke the ascending channel that existed as of July 20, last week, experienced a partial recovery with the support it found at $ 42,000. Although the MACD is in the oversold region in the daily period, it maintains the sell signal. In case the upside continues, the $53,400-$53,500 band is read as the next important resistance level.

RESISTANCES 52.536 / 54.038 / 56.720
SUPPORTS 48.352 / 45.670 / 44.168

BITCOIN [BTC] 375428.69 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 25392.11 TRY

Ethereum, which gained about 0.10 percent in the morning hours, is priced at $ 4350. Micro Ether futures contracts are traded on the world's largest financial derivatives exchange CME. In an announcement on Monday, CME Group said it has launched a micro-Ether (ETH) futures contract with a size of 0.1 ETH, providing institutional and individual investors with another product for Ether investment.

When we examine the ETH/USDT parity in technical terms, ETH, which retested the support level in the $3950-4030 band with the pullbacks experienced yesterday, rose to the level of 4348, which corresponds to the 50-day moving average, with the support it found at this level. For ETH, which is priced just above this level in the morning hours, a few days' candles closing above the 50-MA will be a sustaining factor.

RESISTANCES 4512 / 4674 / 4967
SUPPORTS 3602 / 3764 / 4057

ETHEREUM [ETH] 25392.11 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 323.19 TRY

AVAX, which gained about 3.00 percent in the morning hours, is priced at $ 96.14. When we examine the AVAX/USDT parity technically, AVAX, which broke the ascending channel that existed as of August two days ago, broke the lower band of the channel upwards with a trading volume above the average yesterday and started price movement within the channel. At the same time, AVAX, which broke the $ 90.37 level, which also coincides with its 50-day moving average, is expected to continue to rise towards the price targets of $ 101 and $ 110 as long as the persistence above this level is maintained.

RESISTANCES 101,72 / 108,82 / 121,18
SUPPORTS 62,80 / 69,90 / 82,26

AVALANCHE [AVAX] 323.19 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 9.16 TRY

Ripple, which appreciated by about 0.70 percent in the morning hours, is priced at $ 0.833. When we look at the XRP/USDT parity in a technical sense, XRP, which saw the $ 0.60 level with the sharp pullbacks last week, was above the support level in the $ 0.713-0.73 band, with daily closings. Having regressed to this level again yesterday, XRP erased its intraday losses with the support it found and closed the day positively. Although there is no clear reversal signal yet, there is a bottom formation above the support level with the MACD in the oversold region. For XRP, the $0.855 level must first be surpassed.

RESISTANCES 0,8682 / 0,9057 / 0,9664
SUPPORTS 0,6718 / 0,7093 / 0,7700

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

LITECOIN [LTC] 1009.20 TRY

Losing value by about 0.60 percent in the morning hours, LTC is priced at $ 160.6. When we check the money flow in the digital asset funds in the past week, we see that there is a small amount of money flow to Litecoin as well.

When we consider the LTC/USDT parity technically, as of July 21, with the downward break of the ascending channel, there was a pullback towards the $140-144 band, which is the supply/demand region. LTC, which found support from this region, maintained its permanence on the daily period. LTC retested this region with intraday sales yesterday and closed the day positive with the support it found. The first short-term resistance level for LTC, which seems to be bought on every downside price move, is the $173 level, which coincides with its 200-day moving average.

RESISTANCES 169,37 / 178,64 / 193,07
SUPPORTS 121,97 / 131,24 / 145,67

LITECOIN [LTC] 1009.20 TRY +7.00 +0.03 VOL 21 LTC

LINK, which gained value by approximately 1.20 percent in the morning hours, is priced at $20.08. When we examine the LINK/USDT parity technically, LINK, which continued its price movement in the rising channel that existed as of July 2020 in the weekly period, found support in the lower band of this channel at the weekend and closed within the channel. Testing the channel lower band again yesterday, LINK started to rise with the support it found. As we stated in the bulletin yesterday, the long-term positive outlook will continue as long as the lower band is preserved for LINK, which is seen to have started to rise sharply with the support it found from the lower band of the channel, which it has tested 4 times before.

RESISTANCES 21,05 / 22,11 / 24,07
SUPPORTS 15,02 / 16,08 / 18,04

BASIC ATTENTION TOKEN [BAT] 5.71 TRY

BAT, which lost value by approximately 2.22 percent in the morning hours, is priced at $1.3419. When we consider the BAT/USDT parity in a technical sense, BAT, which diverged positively compared to the market during the period of sharp declines, continues this divergence. Moving in the upward direction with the support it found from its 50-day moving average, BAT started to price above its existing upward trend as of October 28. We think that the selling pressure will end once the resistance zone marked in blue is overcome. BAT, which is currently in the resistance zone, does not sell reaction and if this zone is broken to the upside, it is expected that the rises will continue.

RESISTANCES 1,4344 / 1,5369 / 1,6841
SUPPORTS 0,9350 / 1,0375 / 1,1847

BASIC ATTENTION TOKEN [BAT] 5.71 TRY +7.00 +0.03 VOL 21 BAT

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