DAILY CRYPTOCURRENCY NEWS

Non-zero Bitcoin Addresses Hit Another ATH of 39 Million 

Blockchain data provider Glassnode has revealed that a total of 38.76 million Bitcoin addresses now have non-zero balances. This is the highest level on record since the last peak of 38.7 million reached in April. This is the highest level recorded since the last peak of 38.7 million reached last April.

Total Value Locked in Ethereum Layer-2 Platforms Hits New Record High Above $6,167,000,000

The total value locked in (TVL) metric on Ethereum Tier-2 platforms continues to retake its all-time high. According to L2BEAT, TVL reached a record high of more than $6.16 billion over the weekend.

US Regulators Will Announce How Banks Integrate with Bitcoin in 2022

US banks will be informed with greater regulatory clarity about how they can relate to Bitcoin and cryptocurrency. In this sense, Fed, FDIC, and OCC plan to publish guidelines for financial institutions to provide services in the digital asset class.

IMF Warns El Salvador Against Using Bitcoin As Legal Tender

The International Monetary Fund (IMF) has taken another anti-crypto stance this time, warning El Salvador that the Bitcoin legal tender poses a potential threat to financial stability. In a statement released yesterday, the IMF noted that although cryptocurrency has made significant gains, the use of Bitcoin legal tender can cause economic damage to consumers and the financial stability of the country due to its extremely volatile nature.

Ripple and the Republic of Palau Have Partnered To Develop a Digital Currency

Ripple has not abandoned its mission to become a major player in the global payments industry despite the problems. Although things are not going so well in the US, Palau considers the company the best option for developing a local currency based on the US dollar. According to a statement shared by Ripple, Palau has chosen XRP Ledger to create digital dollars for circulation in the country.

Canadian Investment Firm Buys Virtual Real Estate Worth $2.5 Million in Decentraland
On Tuesday, a Canadian investment firm that focuses on decentralized finance (DeFi) called Tokens.com purchased nearly $2.5 million worth of virtual land in the platform Decentraland.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359686.47 TRY

Bitcoin lost a 1,92% value during morning hours; the current price is $56.361. Blockchain data provider Glassnode has revealed that a total of 38.76 million Bitcoin addresses now have non-zero balances. This is the highest level on record since the last peak of 38.7 million reached in April. This is the highest level recorded since the last peak of 38.7 million reached last April.

When we consider the BTC/USDT pair technically, Bitcoin continues to move within the ascending channel that exists as of July 20. As we mentioned in the daily bulletin yesterday, there was a possible RSI positive divergence. The daily close levels confirmed the RSI positive divergence. At the same time, there was the double bottom. If it breaks $60.000 upwards, the drop might end up. In the psychological and price movement sense, the $60,600 level (50MA) breakout is vital.

RESISTANCES 57.871 / 59.165 / 60.450
SUPPORTS 55.292 / 54.007 / 52.713

BITCOIN [BTC] 359686.47 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24663.09 TRY

Ethereum lost a 1,86% value during morning hours, and the current price is $4248. The total value locked in (TVL) metric on Ethereum Tier-2 platforms continues to retake its all-time high. According to L2BEAT, TVL reached a record high of more than $6.16 billion over the weekend.

When we technically consider the ETH/USDT pair, ETH had a cup-and-handle pattern in the weekly chart. As we mentioned in the bulletin yesterday, a bullish engulfing candle occurred as of the daily close. We can define it as a reversal signal. ETH is priced around 50MA (above $4170) and stays positive as of this morning.

RESISTANCES 4410 / 4558 / 4731
SUPPORTS 3768 / 3916 / 4089

ETHEREUM [ETH] 24663.09 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 320.01 TRY

AVAX lost a 2,10% value during morning hours, and the current price is $121,23. When we consider the AVAX/USDT pair technically, AVAX, which has been continuing its price movement within the ascending channel as of August, tested twice at $145 (upper band), as we mentioned before, those levels are suitable for-profit realization. If the support level of $120 does not work, the retracement can resume towards $108 (mid-range band).

RESISTANCES 132,10 / 142,36 / 149,07
SUPPORTS 98,16 / 108,42 / 115,13

AVALANCHE [AVAX] 320.01 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.77 TRY

Ripple lost a 2,28% value during morning hours, and the current price is $1,0418. Ripple has not abandoned its mission to become a major player in the global payments industry despite the problems. Although things are not going so well in the US, Palau considers the company the best option for developing a local currency based on the US dollar. According to a statement shared by Ripple, Palau has chosen XRP Ledger to create digital dollars for circulation in the country.

When we consider the XRP/USDT pair technically, XRP, which moves in the ascending channel as of September 21, found support at $1,024. As of yesterday’s daily candle close, there is a positive RSI divergence, a double bottom, and a bullish engulfing candle simultaneously. Those formations are near the lower band (support level), so it is positive for opening and closing positions. The outlook is promising in general for XRP unless there is a daily close below the lower band.

RESISTANCES 1,0743 / 1,1040 / 1,1321
SUPPORTS 0,9587 / 0,9884 / 1,0165

RIPPLE [XRP] 8.77 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 991.04 TRY

LTC lost a 2,54% value during morning hours; the current price is $210,7. When we consider the LTC/USDT pair technically, LTC continues to move within the ascending channel that exists as of July 21. After finding support at $205, LTC closed the day positively. LTC has a pullback this morning as the general market. If it holds above 50MA, it can sustain its positivity. But if it loses this level, it can retreat towards the lower line and 200 MA ($181).

RESISTANCES 220,09 / 228,42 / 238,37
SUPPORTS 183,53 / 191,86 / 201,81

LITECOIN [LTC] 991.04 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 2,30% value during morning hours, and the current price is $26,32. When we consider the LINK/USDT pair technically, the negative outlook resumes in the daily chart. LINK found support at $26,26 (200MA) and retests it today. The breakout of the 200MA level triggers the retracement towards $24,5.

RESISTANCES 27,24 / 28,15 / 28,72
SUPPORTS 24,29 / 25,20 / 25,77

BASIC ATTENTION TOKEN [BAT] 5.66 TRY

BAT lost 2,15% value during morning hours, and the current price is $1,0422. When we consider the BAT/USDT pair technically, there is a stagnated price movement after sharply rising on October 30. MACD proceeds to give a sell signal in the daily chart. But the breakout of the stagnated zone will determine the trend.

RESISTANCES 1,0868 / 1,1355 / 1,1788
SUPPORTS 0,9028 / 0,9515 / 0,9948

BASIC ATTENTION TOKEN [BAT] 5.66 TRY +7.00 +0.03 VOL 21 BAT

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