DAILY CRYPTOCURRENCY NEWS

Bitcoin Lightning Network Continues to Grow

The number of nodes with active channels on Bitcoin's Lightning Network (LN) continues to grow with the increasing adaptation of both retail and institutional investors. According to data provided by Bitcoin Visuals, the number of nodes with active channels on the network increased by 23.13% and 3,534 new nodes were added between the dates of September 3 - December 3.

Investors Get Ready for Monday Opening As Evergrande Goes into Default

"Evergrande's problem was mainly caused by its own mismanagement and break-neck expansion," the People's Bank of China said. "The short-term risks of individual real estate companies will not affect the normal financing function of the medium- and long-term market," continued its statement. Evergrande said on Friday after the market closed: "In light of the group's current liquidity situation, there is no guarantee that it will have sufficient funds to continue to meet its financial obligations," Evergrande said in a statement following the markets close on Friday.

Shiba Inu Might Be Included in the Trillion-Dollar Metaverse

Shiba Inu is a turning point that signals greatly reducing the number of circulation tokens and raising prices. Shiba Inu may soon become involved in the gaming industry.

Ripple and the SEC: The Parties Have Three Days Left to Supplement Their Arguments

The briefs should be filed before December 8, 2021. The new documents that will be submitted should support the parties' arguments regarding Ripple's recent move, and these supplemental briefings should be filed as Deliberative Process Privilege.

Over $2.5 Billion Worth of Liquidations: Plummeting Crypto Market, Down to $2.3 Trillion

Bitcoin and other cryptocurrencies suffered a steep drop while witnessing a weekend sell-off due to low stock market volume and negative macro developments. According to data from Coinglass, in the past 24 hours, more than $2.5 billion worth of liquidations occurred.

U.S. Senator Pat Toomey Says Congress Should Step In To Regulate Cryptocurrencies

Pennsylvania Senator Pat Toomey, one of the leading members of the Senate Banking Committee, suggested that Congress step in with legislation if the Securities and Exchange Commission (SEC) fails to provide adequate guidance on cryptocurrencies.

El Salvador Buys Another 150 BTC Worth $7.3 Million

The pro-Bitcoin president of El Salvador has reported that the country has purchased 150 more Bitcoins with an average price of just over $ 48,500 with the recent price drop.

Ritholtz Wealth Management and WisdomTree Launch New Cryptocurrency Index

New York-based investment advisor Ritholtz Wealth Management and exchange-traded fund and asset manager WisdomTree are launching a cryptocurrency index fund. According to a company statement, the new index, called the RWM WisdomTree Crypto Index, consists of 36% Bitcoin, 20% Ethereum, and four percent of the other 11 cryptocurrencies in a separately managed account.

Ether Could Soon Be the World's First Deflationary Cryptocurrency

According to a report by a group of Australian-based academics, Ethereum's native cryptocurrency, Ether (ETH), might be a better store of value than Bitcoin due to its new deflationary blocks. A collaboration between brainiacs from the University of Technology Sydney, Macquarie University, the University of Western Australia, and the University of Sydney suggests that Ethereum’s advantage is all down to the recent EIP-1559 upgrade.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 354291.08 TRY

Bitcoin lost a 0,85% value during morning hours; the current price is $49.087. The pro-Bitcoin president of El Salvador has reported that the country has purchased 150 more Bitcoins with an average price of just over $ 48,500 with the recent price drop.

When we consider the BTC/USDT pair technically, Bitcoin, which broke the uptrend as of July 20, dropped sharply at the weekend and fell to $42.000.  It holds onto the 50-day EMA ($44.595). There is no reversal signal in the daily chart yet.

RESISTANCES 50.102 / 51.004 / 52.308
SUPPORTS 47.896 / 46.592 / 45.690

BITCOIN [BTC] 354291.08 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24694.61 TRY

Ethereum lost a 0,55% value during morning hours, and the current price is $4174. According to a report by a group of Australian-based academics, Ethereum's native cryptocurrency, Ether (ETH), might be a better store of value than Bitcoin due to its new deflationary blocks. A collaboration between brainiacs from the University of Technology Sydney, Macquarie University, the University of Western Australia, and the University of Sydney suggests that Ethereum’s advantage is all down to the recent EIP-1559 upgrade.

When we consider the ETH/USDT pair technically, ETH had had sharply dropped to $3500 along with the intense sales at the weekend. However, it quickly rose again, holding onto the $3940-4030 support levels of daily and weekly charts. ETH seems more positive than the general market. There is still a cup-and-handle pattern.

RESISTANCES 4283 / 4384 / 4520
SUPPORTS 3810 / 3911 / 4047

ETHEREUM [ETH] 24694.61 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 320.27 TRY

AVAX lost a 2,30% value during morning hours, and the current price is $84,29. When we consider the AVAX/USDT pair technically, AVAX, which has been continuing its price movement within the ascending channel as of August, closed the day below the lower line. AVAX retreated to $77 (the peak level on September 23) and found support at the same zone. On December 4, 3:00, AVAX got unlocked, and profit realization occurred. A bullish trend is expected if AVAX starts to price inside the channel again. Otherwise, the horizontal movement may dominate for some time.

RESISTANCES 92,23 / 98,59 / 104,41
SUPPORTS 67,87 / 74,23 / 80,05

AVALANCHE [AVAX] 320.27 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.28 TRY

Ripple lost a 0,15% value during morning hours, and the current price is $0,8022. When we consider the XRP/USDT pair technically, XRP, which retreated to $0.60 along with the intense sales through the general market, closed the day above the support level of $0,713-0,73. MACD gives a sell signal in the daily chart from the oversold zone. There is no formation yet, and the metrics have no reversal signal. The next resistance level is $0.85; the downward momentum is diminished.

RESISTANCES 0,8433 / 0,8843 / 0,9209
SUPPORTS 0,6881 / 0,7291 / 0,7657

RIPPLE [XRP] 8.28 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 975.74 TRY

LTC lost a 1,10% value during morning hours; the current price is $154,1. When we consider the LTC/USDT pair technically, LTC, which broke the ascending channel as of July 21, fell below $173 (200MA) along with the sales pressure on Saturday. In the daily chart, LTC found support near the bottom level of $140. MACD still gives a sell signal from the oversold zone. 

RESISTANCES 162,27 / 169,69 / 176,81
SUPPORTS 133,19 / 140,61 / 147,73

LITECOIN [LTC] 975.74 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 2,00% value during morning hours, and the current price is $19,03. When we consider the LINK/USDT pair technically, LINK, which moves in the ascending channel as of July 2020, found support at the lower line this weekend and closed the day inside the line. The long-term positive outlook will continue for LINK, which has tested the lower line four times and sharply surged, as long as it holds onto the band.

RESISTANCES 20,27 / 21,33 / 22,31
SUPPORTS 16,20 / 17,25 / 18,23

BASIC ATTENTION TOKEN [BAT] 5.54 TRY

BAT gained a 3,50% value during morning hours, and the current price is $1,2090. When we consider the BAT/USDT pair technically, BAT, which closed the day above $1,0705 (50MA), looks positive for two days. $1.27 is the next resistance level for BAT, which retested the uptrend on October 28.

RESISTANCES 1,3014 / 1,3815 / 1,5177
SUPPORTS 0,8688 / 0,9489 / 1,0851

BASIC ATTENTION TOKEN [BAT] 5.54 TRY +7.00 +0.03 VOL 21 BAT

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