DAILY CRYPTOCURRENCY NEWS

ARK Invest Applies for Bitcoin Futures ETF Again

According to Bloomberg, Ark Invest is participating in the race between institutions, applying for cryptocurrency ETFs. ARK Invest has filed an “ARK 21Shares Bitcoin Futures Strategy ETF”, an ETF that will invest in Bitcoin futures rather than the cryptocurrency itself.

Deputy of the Bank of England Warns About Crypto

Jon Cunliffe, Deputy Governor of the Bank of England, stated that a collapse in the cryptocurrency market is absolutely “reasonable” and that regulators worldwide should comply with crypto rules “as a matter of urgency.” Although cryptocurrencies do not currently pose a threat to the country's financial stability, the deputy governor says that he has “excellent reasons” to think that this may not be the case for much longer.

Stellar Outperforms Bitcoin

In October, in addition to the MoneyGram partnership, SDF has published a technical report describing how Stellar is designed to facilitate the distribution of Central Bank Digital Currency (CBDC). Stellar Development Foundation (SDF) noted that the network has unique features to support these assets and discussed how a central bank could implement it in Stellar.

He Helps Creators, Small Businesses to Learn About NFTs and Crypto

Visa and NFT artist Micah Johnson has launched an initiative to help digital content creators learn to use NFTs and cryptocurrency. The firm had also purchased a CryptoPunks NFT avatar for more than $150,000 ETH in August.

Polkadot Community Approves Parachain Auctions

An offer for Polkadot's first parachain auctions was approved by its community today. These parachains are said to be the "last piece of the core functionality" needed for Polkadot to achieve its multi-chain interoperability goal.

More And More People Purchased Ethereum, On-Chain Metric Trend Confirms

Ethereum, one of the largest decentralized blockchain networks in the world, attracts smaller and medium-sized retail investors, according to on-chain data. Datas from Glassnode analytics reveal that the number of Ethereum addresses holding more than 32 ETH has reached a 5-month high of 109,188, during a buildup period that peaked about a week ago.

Geographical Distribution Data Shows That After Collapse of China, US Now Leads Bitcoin Mining Position

After China has ruled as the world's dominant Bitcoin mining epicenter for several years in a row, the United States has "taken a leading position in bitcoin mining," according to new data from Cambridge University.

Crypto Money Will Generate More Wealth From Internet, Says Morgan Creek Capital CEO

Morgan Creek Capital CEO Mark Yusko said in an exclusive interview with Cointelegraph that by laying the foundation for the Internet of Value, the cryptocurrency and blockchain would generate more wealth than Web 1.0 and Web 2.0.

BlackRock CEO Sees "Great Opportunities" in Digital Currency

The largest asset manager, BlackRock CEO, said that although he sees "great opportunities" for digital currency, he is not sure how the cryptocurrency field will move forward in the long term.

Canada's Largest Bitcoin ETF Investment Fund Opens to Investors

Purpose Investments, which has more than $12 billion under its management, announced the launch of mutual fund units on Wednesday for the world's first ETF backed and settled by Bitcoin.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359204.45 TRY

Bitcoin gained a 1,00% value during morning hours; the current price is $56.339. The news over the past 24 hours shows that the Bitcoin outlook is positive. The fact that Ark Invest has just applied to a Bitcoin futures ETF increases our confidence in accepting a Bitcoin futures ETF. Canada's largest Bitcoin ETF investment fund opened its doors to investors, too. After China has ruled as the dominant Bitcoin mining epicenter of the world for several consecutive years, the latest data from the University of Cambridge show that the United States has taken a leading position in Bitcoin mining, which means that the statement by China no longer has an impact except the money flow.

When we consider the BTC/USDT parity in technical terms, the positive trend goes on, alongside the market recovery in the evening, which started the day with selling vibes yesterday. Bitcoin hit the $58.355 level, which is the price target we have been waiting for a long time this morning, and has seen a short-term reaction from the region close to this level. On 4-hour and daily metrics, we think this level can be broken upward during the day. This break will bring about a price movement that will take us to the $60.000. Negative divergence in the RSI on the 4-hour chart may lead to short-term sales pressure, but the upward trend is estimated as strong.

RESISTANCES 59.515 / 61.073 / 63.697
SUPPORTS 55.333 / 52.709 / 51.151

BITCOIN [BTC] 359204.45 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24577.31 TRY

Ethereum gained a 0,80% value during morning hours, and the current price is $3635,21. Ethereum, one of the largest decentralized blockchain networks in the world, attracts smaller and medium-sized retail investors, according to on-chain data. Datas from Glassnode analytics reveal that the number of Ethereum addresses holding more than 32 ETH has reached a 5-month high of 109,188 during a buildup period that peaked about a week ago.

When we consider the ETH/USDT parity in technical terms, along with the rise yesterday, there is a bullish engulfing candle on the daily close levels. Regarding the bullish engulfing candle, the break of the $3685 level is important for ETH, which already holds strong metrics. Together with this break, which is necessary for the approval of the head-and-shoulders formation, our next price target is the $4600 level.

RESISTANCES 3732 / 3812 / 3972
SUPPORTS 3252 / 3332 / 3492

ETHEREUM [ETH] 24577.31 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 317.13 TRY

AVAX gained a 1,90% value during morning hours, and the current price is $55,99. When we consider the AVAX/USDT parity in technical terms, AVAX, which has closed the day below the 50-day moving average ($57,16) for the last two days, faced resistance from this level that it had retested this morning. The upward break of the 50-day moving average is important for AVAX, which has the horizontal movement for the last two days. There is a recovery in short-term AVAX metrics, which continues to give a sell signal. Our expectation for AVAX is to rise with the upward break of the 50-day moving average today.

RESISTANCES 57,79 / 59,37 / 61,65
SUPPORTS 50,07 / 51,65 / 53,93

AVALANCHE [AVAX] 317.13 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.79 TRY

Ripple gained a 0,35% value during morning hours, and the current price is $1,1314. When we consider the XRP/USDT parity in technical terms, XRP retreated to the $1,086 (the 50-day moving average), yesterday and the support from the same zone today moves upwards. In short-term metrics, there is also an optimistic scheme compared to yesterday; a daily close above the Fibo'78.60 ($1,14 level) will support the rise towards our initial price target of $1.41.

RESISTANCES 1,1568 / 1,1813 / 1,2220
SUPPORTS 1,0264 / 1,0509 / 1,0916

RIPPLE [XRP] 8.79 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 987.53 TRY

LTC gained a 1,40% value during morning hours, and the current price is $180,4. When we consider the LTC/USDT parity in technical terms, LTC, which broke its 50-day moving average downward on Tuesday, found support from $165-170 and closed yesterday above $174.2 (50-day moving average). Along with the positive metrics on the daily chart, we see a notable recovery. LTC could not hold on to the downward price at the 50-day moving average and went up again; along with the demand, we suppose it will rise towards the $189 level (200-day moving average).

RESISTANCES 184,93 / 189,89 / 198,85
SUPPORTS 157,09 / 162,05 / 171,01

LITECOIN [LTC] 987.53 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 2,10% value during morning hours, and the current price is $26,19. When we consider the LINK/USDT parity in technical terms, LINK, which recently saw sales pressure due to both the resistance from its 50-day moving average and the downward break of the yellow-marked compression area, retreated to the $23.50 levels. The sell signal came from the MACD on Tuesday during the daily period, but according to the current price movement, this metric is considered to have given the buy signal again. As we noted in the bulletin yesterday, the outlook for LINK in short-term metrics had turned positive, and thanks to this, the daily metrics also improved, experiencing a recovery in the short-term price. With these developments, we think that there will be a rise towards the $ 27 levels, which is equivalent with the 50- and 200-day moving averages again.

RESISTANCES 27,27 / 28,04 / 29,58
SUPPORTS 22,65 / 23,42 / 24,96

BASIC ATTENTION TOKEN [BAT] 5.61 TRY

BAT lost a 0,25% value during morning hours, and the current price is $0,7045. When we consider the BAT/USDT parity in technical terms, BAT retreated to the $0,6762 (Fibo'50) yesterday, went up with the support from this zone, and formed a bullish candle as of the daily close. At the same time, we suppose that a rise for the BAT, where the double bottom formation is also visible, will continue towards the Fibo'61,80 in the short term and the $0,749 level (50-day moving average).

RESISTANCES 0,7129 / 0,7230 / 0,7384
SUPPORTS 0,6619 / 0,6720 / 0,6874

BASIC ATTENTION TOKEN [BAT] 5.61 TRY +7.00 +0.03 VOL 21 BAT

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