Bitcoin gained a 1,16% value during morning hours; the current price is $42.364. Bitfarms, a Canadian cryptocurrency mining firm listed on Nasdaq, announced that it had invested $43.2 million in Bitcoin after the price of BTC fell by about 12% in the first week of the year to increase the amount of BTC it holds. According to a press release published by Bitfarms, total BTC assets increased by 30% to over 4,300 BTC.

When we consider the BTC/USDT pair technically, BTC broke the major uptrend on August 3, and sales pressure came to stage. It found support levels at $41.000 and $40.641 (Fibo'38,20) in the weekly chart. There is no clear reversal signal, but a relief action can occur after the sharp drop. The positive divergence and RSI 4-hour chart show that BTC has an upward moment.

Ethereum gained a 1,11% value during morning hours, and the current price is $3118. Ethereum will continue to outperform its competitors, according to Joey Krug, Chief Investment Officer at digital asset investment firm Pantera Capital. Also, the manager believes that Vitalik Buterin's project will realize 50% of global financial transactions in the next decade.

When we consider the ETH/USDT pair technically, ETH had sharper downward price movements than Bitcoin. It retreated below $3000 (psychological level) and closed the day at $3082. As we mentioned in the daily bulletin yesterday, $2985 should be maintained to avoid deeper corrections. As long as ETH holds above $3000, there may be a short-term rise towards $3251 (Fibo'61,80). 

AVAX gained a 2,40% value during morning hours, and the current price is $86,20. When we consider the AVAX/USDT pair technically, AVAX retreated to $79.80 (support level) in the weekly chart when the market plummeted. AVAX, which erased some of the losses with its support from this level yesterday, closed the day below $ 86.62 (Fibo'50). The price movement continues at levels close to the AVAX support zone, but it is worth considering that the selling pressure has not yet ceased throughout the market and there has been no change in the risk elements existing at the macro level.

Ripple gained a 2,15% value during morning hours, and the current price is $0,7483. When we consider the XRP/USDT pair technically, along with the sharp declines experienced throughout the market, XRP retreated to the support level of $0,7121. Intraday losses were minimized in XRP, which found support from the same level. If the short-term existing downtrend break occurs for XRP, which we have not yet received a return signal in the daily chart, upward price movement can be seen.

LTC gained a 2,06% value during morning hours, and the current price is $129,0. When we consider the LTC/USDT pair technically, LTC had had a stagnated price movement between $141-144 for a long time. And LTC broke the support zone downward, and sharp sales followed. LTC retreated to $120. As we noted in the daily bulletin yesterday, the retracement may continue to $113. A breakout of the downtrend on November 2021 can trigger a rise.

LINK gained a 0,35% value during morning hours, and the current price is $28,07. When we consider the LINK/USDT pair technically, LINK, which continues price action inside the ascending channel, is rising despite the market in general. The first major resistance level for LINK, which we expect long-term upward price movement with the return signal, is the $35-36 band.

BAT gained a 3,00% value during morning hours, and the current price is $1,0270. When we consider the BAT/USDT pair technically, BAT broke the uptrend as of November this weekend and broke the level of $0,9679 (Fibo'38,20). But it could ultimately close the day above this level. Major price moves continue to affect altcoins. BAT can be priced above the uptrend and rise towards $1,2386 (50MA) if major moves recover.