DAILY CRYPTOCURRENCY NEWS

Avalanche Foundation Announces $290 Million Incentive for 'Multiverse' Program

The Avalanche Foundation today announced Avalanche Multiverse. Avalanche Multiverse is a $290 million incentive program aimed at promoting their new sub-ecosystem. The program aims to finance projects in Web3 playground, DeFi, NFTs and facilitate corporate usage.

Ministry of Treasury Launches Crypto Education Initiative

In an interview with Reuters, a senior official said the US Treasury Department's Financial Literacy Education Commission will launch an initiative focused on informing the public about the potential risks of investing in cryptocurrencies.

JPMorgan to Follow Customer Demand on Crypto

JPMorgan Chase's Global Markets President Troy Rohrbaugh claims that the banking giant will go where its customers are when it comes to cryptocurrencies at the RBC Capital Markets Global Financial Institutions Conference earlier this Tuesday.

Sandbox Partners with World of Women to Provide Training and Mentoring for Women

Sandbox metaverse announced its partnership with the non-fungible token (NFT) community World of Women (WoW) to launch the WoW Foundation. A $25m grant from The Sandbox will help fund the foundation over the next five years. The mission of the WoW foundation is to strengthen women's representation in the fields of NFT and metaverse.

VanEck to Create New ETF to Monitor Crypto and Gold Mining Organizations

VanEck, a renowned investment fund, applied to the United States Securities and Exchange Commission (SEC) for an ETF that tracks crypto and gold miners. The investment firm, which has a valuation of over $82 billion in assets under management, filed to the SEC on Thursday. 

Ethereum's DeFi Domination in Crisis: DeFi TVL In ETH Falls Below 55%

The landscape in the field of decentralized finance continues to transform into new forms as the market progresses. A new report shows that Ethereum's DeFi dominance was acquired by other blockchains.Janet 

Yellen Says Biden's Crypto Execution Order Supports “Responsible Innovation”
 

 A new statement from US Treasury Secretary Janet Yellen sets out how her department will implement the provisions of a long-awaited executive order from Joe Biden's White House. “Biden's historic executive decision requires a coordinated and comprehensive approach to digital asset policy,” a statement released late Tuesday and later removed from the website publication.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 351255.96 TRY

Bitcoin gained a 7,50 % value during morning hours and is priced around $41.681. A new statement from US Treasury Secretary Janet Yellen sets out how her department will implement the provisions of a long-awaited executive order from Joe Biden's White House. “Biden's historic executive decision requires a coordinated and comprehensive approach to digital asset policy,” a statement released late Tuesday and later removed from the website publication.

When we consider the BTC/USDT pair technically, BTC, which has been under $39,000 for the past few days, has started to rise sharply with the statement made by the US Treasury Minister yesterday and broke the resistance level in the $49,000-40,500 band. In this rise supported by the news flow, even if there is no clear reversal signal in technical terms, the volume price relationship supports the rise.

RESISTANCES 42.904 / 44.244 / 46.680
SUPPORTS 39.128 / 36.692 / 35.352

BITCOIN [BTC] 351255.96 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24454.21 TRY

Ethereum gained a 5,50% value during morning hours and is priced around $2716. The landscape in the field of decentralized finance continues to transform into new forms as the market progresses. A new report shows that Ethereum's DeFi dominance was acquired by other blockchains.

When we consider the ETH/USDT pair technically, as stated in the daily bulletin yesterday, there was a positive divergence in the 4-hour chart. Its confirmation was received at the level of $2492. In ETH, where we saw that there was a positive divergence in the 1-day period as of the daily close, the day started with sharp rises due to the effect of the news flow. We expect rises to continue towards the first short-term resistance level of $2800.

RESISTANCES 2797 / 2877 / 3028
SUPPORTS 2336 / 2415 / 2567

ETHEREUM [ETH] 24454.21 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.89 TRY

AVAX gained a 8,00% value during morning hours and is priced around $78.93. Avalanche Foundation announced Avalanche Multiverse yesterday. Avalanche Multiverse is a $290 million incentive program aimed at promoting their new sub-ecosystem. The program aims to finance projects in Web3 playground, DeFi, NFTs and facilitate corporate usage.

When we consider AVAX/USDT pair technically, the sales pressure in AVAX, which has recently reacted to the major downward trend, has increased, and downward price movements continued to the short-term uptrend. The positive news flow from USA and Avalanche Foundation's big announcement happened when climbing the support zone. So AVAX broke the $76.89 level upwards. In AVAX, where there is a stagnated price movement, the breakout of the stagnated zone will determine the trend.
 

RESISTANCES 82,37 / 86,03 / 91,62
SUPPORTS 63,87 / 67,53 / 73,12

AVALANCHE [AVAX] 316.89 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.17 TRY

Ripple gained a 3,85% value during morning hours and is priced around $0,7460. When we consider the LTC/USDT pair technically, there is no major change in the outlook. In XRP, which clings to the support level of $0.7121, the positive course is dominant with the market-wide increase this morning. In XRP, which has not yet broken the short-term downward trend, the price movement will be determined by the breakout of this stagnated area.

RESISTANCES 0,7625 / 0,7758 / 0,8004
SUPPORTS 0,6867 / 0,7000 / 0,7246

RIPPLE [XRP] 8.17 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 971.90 TRY

LTC gained a 5,70% value during morning hours and is priced around $106.3. When consider LTC/USDT pair technically, along with the negative outlook that has dominated the market for the last few days, there is a sharp increase in LTC, which had broken its supports at $113.1 and $104.9 downwards, as of this morning along with the market-wide rise. In LTC, which we think there is no major change in technical terms, there is a confirmed positive divergence in RSI as of the daily close yesterday. A breakout of the downtrend and the RSI indicator might trigger a permanent rise.

RESISTANCES 108,83 / 111,45 / 116,50
SUPPORTS 93,49 / 96,11 / 101,16

LITECOIN [LTC] 971.90 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 6,30% value during morning hours and is priced around $13.87. When we consider the LINK/USDT pair technically, LINK has price action inside the horizontal channel as of May 26. However, it has closed the day below the lower line for the last three days. As of the daily close yesterday, LINK's positive divergence was confirmed. Moreover, with today's sharp rise, we expect the rise to continue towards $15.5 in LINK, which has started pricing within the channel.

RESISTANCES 14,30 / 14,67 / 15,40
SUPPORTS 12,09 / 12,46 / 13,20

BASIC ATTENTION TOKEN [BAT] 5.53 TRY

BAT gained a 3,40% value during morning hours and is priced around $0.6794. When we consider the BAT/USDT pair technically, BAT continues price action below the downtrend on November 28. BAT, which also fell to the support zone in the $0.64-0.70 band, confirmed its positive divergence in RSI as of the daily close yesterday. With this approval and positive news flow, a breakout of the downtrend in BAT, which started surging today, is important for the continuity of momentum.

RESISTANCES 0,6977 / 0,7151 / 0,7469
SUPPORTS 0,5993 / 0,6167 / 0,6485

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

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