DAILY CRYPTOCURRENCY NEWS

Bitcoin Futures Set A Record Again

The sum of Bitcoin futures contracts broke the all-time record. In the past days, after the sharp fall of BTC, it was stated that the market crowd consisting of high pricing caused corrections and futures transactions could break a record at the level of 42 thousand dollars.

US Aid Package Proposal Submitted

Joe Biden, who was elected president of the US, offered a $ 1.9 trillion aid package. Under the proposal, Americans will be paid $ 1,400.

Digital Dollar Statement by the President of the Federal Reserve

US Federal Reserve Chairman Powell emphasized that it will take years, not months, to produce the digital dollar, but they have made significant investments in cryptocurrency and blockchain technologies.

Ethereum Starts To Be Drawn To Cold Wallets

According to QryptoQuant data, the amount of ETH kept active for transactions in stock exchanges decreased by 10% in a 24-hour period. Transfers made by Ethereum investors to different addresses for long-term investments started to bring the "liquidity crisis" and high pricing to mind again.

Credit Cards that Make BTC as You Spend Appear

The leading cryptocurrency exchange and custodian service purchased Blockrize to issue a credit card that can be traded by earning Bitcoin and other cryptocurrencies as you spend. The credit card, which is planned to be issued by the end of the year, can be used in every state of the USA.

Pakistan Establishes Bitcoin Mining Plant

The government of Khyber Pakhtunkwa (KP), one of Pakistan's four provinces, announced the opening of two state-owned Bitcoin mining farms last week. This was one of the first examples of a government using its own funds to mine BTC and make a profit.

Twitter CEO Speaks About Bitcoin


Twitter CEO Jack Dorsey stated that the decentralized structure of Bitcoin, which is not managed by individuals or institutions, is the biggest reason why it supports Bitcoin. In addition to his statements, he said that they wanted to create the same model for the internet environment.

New Partnership From Ripple

Ripple announced its new partnership with Mobile Money, which operates as an e-wallet company in Malaysia. Under the partnership, simultaneous wallet-to-wallet transfers can now be made between Malaysia and Bangladesh.

Crypto Currency Exchange Sets Limits To BTC Purchases

A British cryptocurrency exchange with 17 million customers announced that they will limit bulk purchase orders due to the high demand for bitcoin and other cryptocurrencies. The stock market stated that when limited liquidity combined with unprecedented demand, they could not keep up with purchase orders.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359525.40 TRY

The LTC / USD pair is hovering around the $ 149 level, down 2% in the morning hours. On the last day of the week, we meet Litecoin in a 13% negative zone on a return basis. Although very positive scenarios have been set up in line with the news, Litecoin has not been able to show the expected yield this week. Although the addition of 2071 more Litecoins to Grayscale's previous day is a continuation of the interest in Litecoin, we can say that it has not yet been priced in terms of parity. It would be wrong to create a negative perception for now because even if it stays in the negative zone on the basis of weekly returns, there is a monthly profit margin of over 60%. On the US side, within the scope of the proposed incentive package, $ 1400 aid allowances will increase the interest in the crypto money sector, which has been at the forefront recently. When this demand is combined with the expectation of high returns, it is expected that the search for discounted prices will bring Litecoin to the frame.

When the LTC / USD parity is examined technically, we see that the upward movement has not deteriorated, but that sagging has occurred on the uptrend. However, as the $ 145 - $ 150 levels are levels where purchases can occur for Litecoin, the upside reaction from here could raise the $ 156 resistance level in the pair. If staying above the $ 150 band, prices of $ 176 can be seen. Price reactions should be followed carefully over the next 2 days.

RESISTANCES 39.635 / 41.037 / 42.118
SUPPORTS 37.152 / 36.071 / 34.669

BITCOIN [BTC] 359525.40 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24637.04 TRY

Ethereum took the flag from the $ 1080 level and moved it to the $ 1200 level in yesterday's movements, and it almost entered a race for returns with Bitcoin. This shows us that investors convert the amount of ETH they sell in the stock market to be subject to storage, and gives a positive signal for the development of ETH prices. While there is some ETH sale in Grayscale funds, the high trend in miner wages continues and has increased by 24% in the last 24 hours. Increasing miner fees due to system intensity inhibits the ETH course and slows down its movements. However, these fees, which have increased due to intense interest in the network, cause it to slow down, not to decrease.

When we consider ETH / USD technically; Movements continue within the ascension channel. While yesterday $ 1255 was being tested, there are efforts to recover in ETHUSD, which traded at today's retracement at $ 1190. If the $ 1180 level can work as a support in holdings, the reaction may again be directed towards the $ 1250 levels. However, there is a possibility that the retracement will continue, with the $ 1130 level being a strong zone as both the channel lower band and the bollinger midband.

RESISTANCES 1267 / 1331 / 1411
SUPPORTS 1124 / 1044 / 981

ETHEREUM [ETH] 24637.04 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.93 TRY

While the AVAX / USD parity was priced around $ 8.30 yesterday at the same time, we are witnessing $ 9.20 at the time of writing. Although there is a general recovery in Bitcoin and derivative cryptocurrencies, AVAX has increased by approximately 11% compared to the previous day. As of 2021, we witnessed that the parity, which followed a very positive course, increased its own records one after another. The company worked on infrastructure projects and strong thanks to the Avalanche in understanding with the Central Bank of the increasingly strong investor interest it can be said investments in turkey side. When the pair is technically examined, the middle band line in the bullish channel worked as an efficient support and carried the pair to the upper band of the channel. If the $ 9.20 level, which corresponds to the Fibo slice, is achieved, $ 9.60 and then $ 9.90 may be on the agenda. The flag appearance on the hourly chart keeps the target levels above.

RESISTANCES 9,7251 / 10,3717 / 11,1293
SUPPORTS 8,3209 / 7,5633 / 6,9167

AVALANCHE [AVAX] 319.93 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.76 TRY

The XRP / USD pair is pricing at $ 0.29, down about 2% in the morning hours. On the XRP side, which we follow the news feed carefully, there are more people who argue that XRP is not a security against the lawsuit, but on the other hand, it is still unclear whether this is a temporary process for the investors who are broken. However, as the results that have already been priced no longer have major effects on the pair, critical indicators for the case may have an impact on XRP pricing for the next period.

When we examine the XRP / USD parity from a technical point of view, it is seen that the pair did not show a big change compared to the previous day, remaining close to $ 0.28 - $ 0.30 with small fluctuations. Bollinger bands we use for XRP, which moves almost horizontally on the uptrend with a low degree, signal a squeeze period in XRP. Even if the slope remains horizontal, it is more reassuring that there is a risk of turning from an uptrend to a horizontal band, and we focus on this scenario. If the contraction increases between the bands, short-term price movements that are not low in percentage terms can be seen.

RESISTANCES 0,3006 / 0,3101 / 0,3153
SUPPORTS 0,2859 / 0,2807 / 0,2712

RIPPLE [XRP] 8.76 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 990.67 TRY

The LTC / USD pair is hovering around the $ 149 level, down 2% in the morning hours. On the last day of the week, we meet Litecoin in a 13% negative zone on a return basis. Although very positive scenarios have been set up in line with the news, Litecoin has not been able to show the expected yield this week. Although the addition of 2071 more Litecoins to Grayscale's previous day is a continuation of the interest in Litecoin, we can say that it has not yet been priced in terms of parity. It would be wrong to create a negative perception for now because although it stays in the negative zone on the basis of weekly returns, there is a monthly profit margin of over 60%. On the US side, within the scope of the proposed incentive package, $ 1400 aid allowances will increase the interest in the crypto money sector, which has been at the forefront recently. When this demand is combined with the expectation of high returns, the search for discounted prices is expected to bring Litecoin to the frame.

When the LTC / USD parity is examined technically, we see that the upward movement has not deteriorated, but that sagging has occurred on the uptrend. However, as the $ 145 - $ 150 levels are levels at which purchases can occur for Litecoin, the upside reaction from here could raise the $ 156 resistance level in the pair. If staying above the $ 150 band, prices of $ 176 can be seen. Price reactions should be followed carefully for the next 2 days.

RESISTANCES 155,21 / 161,91 / 166,85
SUPPORTS 143,57 / 138,63 / 131,93

LITECOIN [LTC] 990.67 TRY +7.00 +0.03 VOL 21 LTC

The LINK / USD pair is priced around $ 17.8, with a horizontal change of 0.2% in the morning hours. The picture changes when looking at the 24-hour changes; It became one of the best performing crypto currencies of the day, increasing by 15% compared to yesterday. In terms of weekly returns, it remains on the positive side by 17% and diverges positively from the general market image this week. Nevertheless, interest and demand continues to increase, as it is among the cheap assets with potential for investors.

When we look at the LINK / USD parity from a technical point of view, we see that the trend continues between $ 13.70 - $ 18.40, exceeding the level of $ 13.70. For LINK, which continues to move positively by remaining in the upper zone of the Bollinger channel middle band, we see that other horizontal oscillators are also far from the resistance zones and continue to hold potential for upward pricing. The outlook continues positive for LINK, with a small percentage move to the $ 20 record it saw in July 2020.

RESISTANCES 19,31 / 20,54 / 22,42
SUPPORTS 16,21 / 14,33 / 13,10

BASIC ATTENTION TOKEN [BAT] 5.65 TRY

BAT / USD parity is priced around $ 0.24, down 0.5% on the last day of the week. We can say that it welcomes the year 2021 with its positive trend in the rising channel that started in January. If the channel middle band of $ 0.25 is exceeded for now, a positive course can be seen in the upper region of the channel. Staying below the $ 0.25 resistance may pull down the pricing, one should be cautious.

RESISTANCES 0,2541 / 0,2640 / 0,2710
SUPPORTS 1,7667 / 1,7033 / 1,6467

BASIC ATTENTION TOKEN [BAT] 5.65 TRY +7.00 +0.03 VOL 21 BAT

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