DAILY CRYPTOCURRENCY NEWS

Biden Releases Anti-Corruption Strategy Targeting Cryptocurrency

The White House recently released a first-of-its-kind 38-page report detailing new efforts to tackle government and financial corruption. He divides the work into five strategic areas, one of which is a new "National Cryptocurrency Executive Team".

Bitcoin Whales Accumulate $3,400,000,000 in BTC During Market Panic
According to leading crypto analytics firm Santiment, Bitcoin (BTC) whales are playing the crypto market’s latest dip in “on the way to perfection.” The latest data shared by Santiment on Twitter shows that Bitcoin whales bought $3,405,790,900 worth of BTC during the last drop below $43.5k.
 

Three Arrows Capital Bought 100,000 ETH Worth Nearly Half Billion Dollars

Three Arrows Capital is holding a large amount of Ethereum, despite CEO Su Zhu's groundless claims about the cryptocurrency less than two weeks ago.

21Shares Lists Top Two Physically Backed Exchange-Traded Bonds

Nasdaq Stockholm announced that 21Shares has listed its first two physically-backed exchange-traded bonds (ETNs) on its Swedish trading platform. The two instruments listed with Bitcoin and Ether as underlying assets represent a new segment for ETNs.

Russia's Largest Bank Struggles to Register Digital Asset Platform

Sber, Russia's largest bank, is apparently struggling to gain regulatory approval for its digital asset issuance platform as the company continues to delay its registration plans.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 375740.82 TRY

Bitcoin, which gained about 0.50 percent in the morning hours, is priced at $ 50,372. Bitcoin (BTC) whales are playing the crypto market's latest downfall, "on the way to perfection," according to leading crypto analytics firm Santiment. The latest data shared by Santiment on Twitter shows that Bitcoin whales bought $3,405,790,900 worth of BTC during the last drop below $43.5k.

When we examine the BTC/USDT parity technically, as of November 10, the price movement of BTC continues under the descending trend, and the intersection of DEMAs in the daily period maintains the sell signal (7-day DEMA, below 14-day DEMA). There is a lack of momentum in the market, which was relieved by a few daily green candles that could be seen as a correction to the steep decline. In this case, withdrawals are expected to occur.

RESISTANCES 51.341 / 52.570 / 53.240
SUPPORTS 49.442 / 48.772 / 47.543

BITCOIN [BTC] 375740.82 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 25412.43 TRY

Ethereum, which gained about 0.10 percent in the morning hours, is priced at $ 4312. Three Arrows Capital has purchased 100,000 ETH worth nearly half a billion dollars, despite CEO Su Zhu's unwarranted claims regarding the cryptocurrency less than two weeks ago.

When we examine the ETH/USDT parity technically, ETH, which experienced price movement around its 50-day moving average yesterday, could not stay above the $4356 level, which corresponds to the 50-day moving average. Since the positive outlook is not dominant in Bitcoin, it should be taken into account that although the medium and long-term technical outlook remains positive, there may be retracements in short-term ETH.

RESISTANCES 4405 / 4502 / 4580
SUPPORTS 4054 / 4151 / 4229

ETHEREUM [ETH] 25412.43 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 323.10 TRY

AVAX, which gained value by approximately 0.50 percent in the morning hours, is priced at $89.01. When we examine the AVAX/USDT parity technically, AVAX, which continues its price movement within the ascending channel that existed as of August, retested the lower band of the channel with the pullback it experienced yesterday. With this pullback, if AVAX breaks its 50-day moving average downwards, if the daily closing is below the lower band of the channel, the pullbacks can continue towards the $75-76 band.

RESISTANCES 94,83 / 100,39 / 104,17
SUPPORTS 76,15 / 81,71 / 85,49

AVALANCHE [AVAX] 323.10 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 9.20 TRY

Ripple, which gained value by approximately 0.50 percent in the morning hours, is priced at $ 0.8114. When we consider the XRP/USDT parity in a technical sense, there is no recovery in XRP, which is dominated by the horizontal price movement after the sharp declines. As we mentioned in the bulletin yesterday, although there is no clear return signal yet, there is a bottom formation above the support level with the MACD, which is in the oversold region. There may be pullbacks towards the area marked in blue in XRP.

RESISTANCES 0,8357 / 0,8615 / 0,8786
SUPPORTS 0,7499 / 0,7757 / 0,7928

RIPPLE [XRP] 9.20 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 1010.80 TRY

Losing value by about 0.40 percent in the morning hours, LTC is priced at $161.2. When we consider the LTC/USDT parity in a technical sense, it is seen that volatility decreased especially yesterday after the hard sales. Priced below $173, which coincides with its 200-day moving average, LTC may pull back towards the $140-144 band with the majors.

RESISTANCES 163,77 / 168,40 / 171,29
SUPPORTS 148,73 / 153,36 / 156,25

LITECOIN [LTC] 1010.80 TRY +7.00 +0.03 VOL 21 LTC

LINK, which gained about 3.30 percent in the morning hours, is priced at $21.85. When we examine the LINK/USDT parity technically, LINK, which continues its price movement within the rising channel that exists as of July 2020 in the weekly period, started to rise with the retest it put on the lower band of the channel on Monday. Although the technical outlook is positive in LINK, which diverged positively compared to the general market this morning, any sharp pullback in the majors may carry LINK back to the channel lower band.

RESISTANCES 22,72 / 23,65 / 25,19
SUPPORTS 17,78 / 18,71 / 20,25

BASIC ATTENTION TOKEN [BAT] 5.72 TRY

BAT, which lost value by approximately 2.80 percent in the morning hours, is priced at $1,2879. When we consider the BAT/USDT parity in a technical sense, as we mentioned in the bulletin yesterday, if BAT, which is priced in the resistance zone marked with blue on the chart, can exceed this zone, it would be expected that the upward trend would continue. Having regressed again with the reaction it saw from this resistance zone yesterday, BAT has broken its rising trend downwards. The pullback may go a little deeper.

RESISTANCES 1,3696 / 1,4591 / 1,5101
SUPPORTS 1,0886 / 1,1781 / 1,2291

BASIC ATTENTION TOKEN [BAT] 5.72 TRY +7.00 +0.03 VOL 21 BAT

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