DAILY CRYPTOCURRENCY NEWS

Big Development in Ethereum 2.0

Ethereum 2.0's deposit contract has been published on GitHub. Although there is no official statement, it appears to be loaded from the account of the Ethereum Foundation researcher Carl Beekhuizen. After the official announcement, Ethereum delivery to contracts will begin. It will facilitate the launch of Ethereum 2.0.

3rd Coin in Market Volume Changed Network

$ 100 million worth of Tether was transferred from Tron Network to the Ethereum blockchain. The increase in Ethereum reserves to $ 11 billion strengthened the transfer. This network change is increasing trust in the Ethereum network which is also important for DeFi tokens.

Blockchain Platform Unites Major Financial Institutions

The giant Russian bank has become a member of Contour, a blockchain platform that connects the world's largest financial institutions such as Alfa-Bank, HSBC, ING and CitiBank. The network allows bank clients to track the processing and modification of trade finance transactions and reduce operational costs.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 353461.13 TRY

Bitcoin is trading above $ 14,000 this morning, up close to 2%. In this period when Bitcoin dominance increased to 66.5%, Bitcoin met with excessive safe harbor demand. After the elections, Trump will take legal action and his main goal is that the votes to be counted again. Previously, this situation occurred between Al Gore and George W. Bush in 2000. The market shows that by selling risk options, risk appetite has normalized. It seems that this situation will reflect positively on cryptocurrencies. On the other hand, Venezuela's announcement that it will add Bitcoin and Litecoin to its crypto network is also positive for BTC demand.

Technically speaking, BTC / USD has broken the June 2019 peak and has no significant resistance up to $ 15,600 on a weekly basis. We stated that the flag formation we discussed earlier also points to $ 14,600 levels. The main outlook is positive and uptrend against possible intermediate correction scenarios pointed out by oscillators.

RESISTANCES 14,550/ 14,830/ 15,350
SUPPORTS 13,760/ 13,250/ 12,970

BITCOIN [BTC] 353461.13 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24445.19 TRY

Ethereum is trying to break the $ 400 level this morning. Quantstamp first made a statement regarding Update 2.0 and stated that the update is ready for launch before the end of the year. The Ethereum Foundation also announced that the update will be made on December 1. It is also very positive that Tether will also migrate to the Ethereum network. For this reason, Ethereum seems to have received news that could create the necessary momentum. This could trigger the transition from BTC's market dominance to ETH.

When we consider ETH / USD technically, the decreasing trend that has existed since September 1 and the upward channel that has been formed since mid-October started to conflict with each other. Important resistances we will follow throughout the day, with $ 403 where the downtrend has passed and 410 $ being the middle band of this channel. While ETH / USD stands out, with $ 380 as the point where it received support throughout the day, we can see a more positive divergence in ETH / TRY on the basis of yield. The outlook is positive and bullish.

RESISTANCES 415/ 428/ 447
SUPPORTS 383/ 364/ 351

ETHEREUM [ETH] 24445.19 TRY +7.00 +0.03 VOL 21 ETH

RIPPLE [XRP] 8.25 TRY

RESISTANCES 0,2450/ 0,2520/ 0,2590
SUPPORTS 0,2300/ 0,2230/ 0,2160

RIPPLE [XRP] 8.25 TRY +7.00 +0.03 VOL 21 XRP

RESISTANCES 10,60/ 10,90/ 11,20
SUPPORTS 10,00/ 9,70/ 9,40

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