DAILY CRYPTOCURRENCY NEWS

Associated Press (AP) Will Run a Chainlink Node

The Associated Press (AP)- smart contract developers have decided to run a Chainlink node that provides verifiable data on demand from a reputable source.

US Public Pension Fund for Firefighters Adds Crypto Worth $25 Million to Portfolio

Houston Firefighters Relief and Pension Fund have announced they made an investment worth $5.5 billion in Bitcoin and Ether. This investment marks the first investment announced in digital assets by a public pension plan in the United States.

JPMorgan: Bitcoin's Is Soaring Due to Inflation Fear
According to a Bloomberg report, JPMorgan strategists said that inflation concerns are temporary, which is the main driver Bitcoin to reach new peaks. He also noted that the main driver is not the first US Bitcoin futures exchange-traded fund (ETF).

SEC-Ripple: Court Postpones Discovery Deadline to January 2022

The Securities and Exchange Commission's request to extend the deadline for completing the discovery in the lawsuit against Ripple Labs and its executives has been accepted. According to documents shared by CryptoLawUS, the deadline has now been postponed to January 14, 2022.

Despite the New ATH, Bitcoin Reserves Continue to Fall

With the historical peak level exceeded, we see that no actions have been taken on the part of the investor for the sale yet. On-chain data shows that the amount of Bitcoin reserves still held on exchanges continues to decrease.

Shiba Inu Is Now Accepted by Argentina Real Estate Agency

Shiba Inu, one of the biggest cryptocurrencies, is becoming increasingly popular with small merchants. Candoli Propiedades, an Argentinian real estate agency in Santa Clara del Mar, a town located on the Atlantic coast of Buenos Aires, has announced that it now accepts the token as a payment method.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 354413.80 TRY

Bitcoin gained a 1,60% value during morning hours; the current price is $63.161. With the historical peak level exceeded, we see that no actions have been taken on the part of the investor for sale yet. On-chain data shows that the amount of Bitcoin reserves still held on exchanges continues to decrease.

When we consider the BTC/USDT pair technically, Bitcoin, which continues to move at price within the ascending channel that exists as of July 20, reacted at the level of $66.200, which coincided with the upper band of the channel yesterday. Although daily metrics continue to give a buy signal, short-term metrics support a pullback. As we mentioned in the daily bulletin yesterday, it was hold on above the previous peak level, which was at the level of $64.899. Short-term retracements can be seen, but the uptrend continues in the medium term.

RESISTANCES 65.619 / 68.404 / 70.207
SUPPORTS 61.031 / 59.228 / 56.443

BITCOIN [BTC] 354413.80 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24673.37 TRY

Ethereum lost a 2,30% value during morning hours, and the current price is $4146. ETH, which also rose above the $4372 level, coincided with the May 12 peak, reached its new historical peak by rising to the $3475 level.

When we consider the ETH/USDT pair technically, ETH, which reached its new historical peak climbing up yesterday, wiped out all intraday gains with the reaction from the same level. It retreated towards $4.000. The daily metrics continue the buy signal and the outlook remains positive in the on-chain data. The outlook remains positive in ETH, which continues its rise towards the $4600 price target, the head-and-shoulders pattern target. We are waiting for the uptrend to continue.

RESISTANCES 4329 / 4530 / 4694
SUPPORTS 3600 / 3801 / 3965

ETHEREUM [ETH] 24673.37 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.53 TRY

AVAX gained a 4,40% value during morning hours, and the current price is $64,34. When we consider the AVAX/USDT pair technically, AVAX, which has been continuing its price movement within the ascending channel that has existed since August 18, recently cut its 50-day moving average upwards and gained momentum in the upward direction. In the daily chart, MACD gives a long-term buy signal. It is expected that there will be rises towards $80 dollar in AVAX, which is equivalent to the middle band of the channel.

RESISTANCES 66,41 / 69,08 / 72,89
SUPPORTS 53,45 / 56,12 / 59,93

AVALANCHE [AVAX] 319.53 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.26 TRY

Ripple gained a 1,55% value during morning hours, and the current price is $1,1060. The Securities and Exchange Commission's request to extend the deadline for completing the discovery in the lawsuit against Ripple Labs and its executives has been accepted. According to documents shared by CryptoLawUS, the deadline has now been postponed to January 14, 2022.

When we consider the XRP/USDT pair technically, XRP, which tested the downtrend that existed as of October 10, along with the uptrend experienced on Wednesday, could not break this trend upwards. Along with the resistance it saw, the MACD gave a sell signal again on the XRP, which retreated towards the $1.0812 level (50MA). 50MA is still a key factor. If the downtrend breaks, the retracements may deepen.

RESISTANCES 1,1502 / 1,1963 / 1,2302
SUPPORTS 0,9902 / 1,0363 / 1,0702

RIPPLE [XRP] 8.26 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 978.77 TRY

LTC gained a 1,50% value during morning hours, and the current price is $199,7. When we consider the LTC /USDT pair technically, LTC, which has been gaining upward momentum for the last few days, retreated to $214,7 yesterday along with the reaction from $195,7 (Fibo'78,60). Although there is a negativity in the short-term metrics due to the hard sales movement, the daily metrics remain positive. Short-term correction movements may continue. If 200-MA holds onto as of the weekly close, this can lead to a consistent uptrend.

RESISTANCES 208,65 / 218,30 / 225,12
SUPPORTS 175,71 / 185,36 / 192,18

LITECOIN [LTC] 978.77 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 3,10% value during morning hours, and the current price is $29,18. The Associated Press (AP)- smart contract developers have decided to run a Chainlink node that provides verifiable data on demand from a reputable source.

When we consider the LINK/USDT pair technically, there was market-wide sales pressure yesterday. LINK closed the day, gaining about a 3 percent value. We think that the sales pressure has decreased at LINK, which is above its 50-day and 200-day moving averages. As long as the $27.5 level is protected, a rise towards the $35 level can be expected.

RESISTANCES 29,98 / 31,09 / 32,43
SUPPORTS 25,10 / 26,20 / 27,54

BASIC ATTENTION TOKEN [BAT] 5.56 TRY

BAT gained a 2,10% value during morning hours, and the current price is $0,7050. When we consider the BAT/USDT pair technically, BAT, which tested the current descending trend as of September 9 yesterday, saw resistance at the 0.7315 dollar level, which coincides with this trend. Along with the retracements experienced throughout the market, Fibo'50 in BAT experienced retracements towards the tranche. If the Fibo'50 zone is protected in the daily chart, there may be rises to test the trend again.

RESISTANCES 0,7247 / 0,7483 / 0,7678
SUPPORTS 0,6385 / 0,6621 / 0,6816

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

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