DAILY CRYPTOCURRENCY NEWS

Bitcoin Miners Are Selling Coins

A metric tracking Bitcoin miners’ holdings turned negative first time since mid-November, according to crypto analytics platform Glassnode. Bitcoin is currently held at around $43,500, about 33% below its all-time high of $69,000 (ATH), while miners are selling to pay their electricity and equipment bills during an unprofitable period. Bitcoin miners have become net sellers after months of being net hodlers.

JPMorgan: Global Regulation Urgently Needed for Banks to Help Customers Invest in Cryptocurrency

A JPMorgan executive said there is an urgent need for a globally consistent crypto regulatory framework to allow banks to process crypto assets on behalf of major clients. “We need a globally coherent regulatory framework. It's important that we reach a solution as quickly as possible."

Mastercard Adds Crypto Advisory Service In Latest Effort to Boost Cryptocurrency Adaptation

Payments giant Mastercard is expanding its payments-focused advisory service to include cryptocurrency. It covers "a range of digital currency options, from early-stage training, risk assessments and development of a bank-wide crypto and NFT strategy to the design of crypto cards and crypto loyalty programs."

Twitter Lets Users Tip with Ether Natively

In September 2021, Twitter enabled Bitcoin payments as its first cryptocurrency payment option. The social media platform on Wednesday added a number of new payment services to those existing tip options, including Ether (ETH).

Mastercard to Hire 500 Experts to Expand Crypto Advisory Arm

Payment processing giant Mastercard wants to dive deeper into the cryptocurrency industry. Accordingly, the company plans to expand its advisory services with new applications focused on open banking, open data, crypto and digital currencies, as well as Environment, Social and Governance (ESG).

Walmart Board Director: Crypto's Potential Goes Beyond Financial Services

Tom Horton is a board member at Walmart and Blockchain.com and is a partner of the Global Infrastructure Partners investment fund and General Electric.  " I see blockchain technologies as another great enabler, much like the internet was in its early days,” Horton said.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 351255.96 TRY

Bitcoin lost a 0,60% value during morning hours and is priced around $43.718. A metric tracking Bitcoin miners’ holdings turned negative first time since mid-November, according to crypto analytics platform Glassnode. Bitcoin is currently held at around $43,500, about 33% below its all-time high of $69,000 (ATH), while miners are selling to pay their electricity and equipment bills during an unprofitable period. Bitcoin miners have become net sellers after months of being net hodlers.

When we consider the BTC/USDT pair technically, BTC continues its price action below the $45,000 resistance, which coincides with the December 2021 dip level, and is strongly holding onto the 50MA. As we mentioned in our daily bulletin yesterday, although there is a possible head-and-shoulders formation, a daily close above the $45,000 level should confirm the formation, thus it might push the BTC price to the level of $58,000. As of yesterday's daily close, the negative divergence in the daily chart has been confirmed in the RSI, and if Bitcoin fails to break the resistance, the decline is expected to continue for a while.

RESISTANCES 44.253 / 44.783 / 45.234
SUPPORTS 43.272 / 42.821 / 42.291

BITCOIN [BTC] 351255.96 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24454.21 TRY

Ethereum lost a 1,80% value during morning hours and is priced around $3068. In September 2021, Twitter enabled Bitcoin payments as its first cryptocurrency payment option. The social media platform on Wednesday added a number of new payment services to those existing tip options, including Ether (ETH).

When we consider the ETH/USDT pair technically, ETH broke the short-term minor trend upwards and continued its rising towards the major downtrend. For ETH, which tested this trend last week, the breakout of the trend could not persist. Ether recently broke the 50MA level and downtrend with the above-average daily volume.  Now it retests the major trend and the same level. As long as it holds onto those levels, the trend direction will be settled upwards.

RESISTANCES 3157 / 3241 / 3297
SUPPORTS 2877 / 2961 / 3017

ETHEREUM [ETH] 24454.21 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.89 TRY

AVAX lost a 0,35% value during morning hours and is priced around $95,53 When we consider the AVAX/USDT pair technically, AVAX, which tested its major long-term downtrend several times, broke the 50MA level ($84,15) and major downtrend with an above trading volume and closed the day. Thus AVAX, which started the day with a positive divergence compared to the market, surged towards the $100 level, as we mentioned in the daily bulletin yesterday. If there is no breakout in AVAX, which has faced reaction from the resistance zone marked in blue this morning, pullbacks might occur.

RESISTANCES 98,37 / 102,24 / 105,70
SUPPORTS 83,71 / 87,58 / 91,04

AVALANCHE [AVAX] 316.89 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.17 TRY

Ripple lost a 1,70% value during morning hours and the current price is $0,8244. When we consider the XRP/USDT pair technically, XRP broke the downtrend and 50MA level last week, it had experienced a sharp rally towards the 200MA level. It continues retreating for the last two days with the general market. If it does not lose the short-term support level ($0,80), it can rise towards the 200MA level.

RESISTANCES 0,8488 / 0,8755 / 0,8962
SUPPORTS 0,7540 / 0,7807 / 0,8014

RIPPLE [XRP] 8.17 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 971.90 TRY

LTC lost a 1,20% value during morning hours and is priced around $126,4. When we consider the LTC/USDT pair technically, there is no major change in the outlook. LTC, which has broken the horizontal price movement between $113,1 and $ 104,9, surged towards out target level, $145. After facing resistance from this zone, LTC lost the level of $129,8 (50MA level) on Friday. LTC, which had broken the 50MA level upwards with above-average trading volume two days ago, could not hold onto it and as of yesterday, the price continues to sink below the 50MA. If the downtrend in the majors continues, the $113,1 level should be followed.

RESISTANCES 130,49 / 135,23 / 139,48
SUPPORTS 112,51 / 117,25 / 121,50

LITECOIN [LTC] 971.90 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 1,30% value during morning hours and is priced around $16,97. When we consider the LINK/USDT pair technically, LINK continues price action inside the ascending channel in the 4-hour chart. During the price action below $15, LINK received a bullish signal with the formation of a positive divergence in the RSI, and faced a reaction from the $17 level, which corresponds to the middle band of the channel. In LINK, which has facing resistance from this zone for two days, a pullback towards $16 might follow. If it breaks the channel middle band upwards, a rise towards $20 might follow.

RESISTANCES 17,39 / 17,85 / 18,29
SUPPORTS 15,59 / 16,05 / 16,49

BASIC ATTENTION TOKEN [BAT] 5.53 TRY

BAT lost a 2,5% value during morning hours, and is priced around $0,8178. When we consider the BAT/USDT pair technically, there is no major change in the outlook. BAT often tested the strong uptrend on June 2021 and broke it downwards last week. Its price action below the trend continues. The selling pressure continues; however $0,75 is a key support zone. If the trend breakout occurs, it is expected to rise towards the 50MA.

RESISTANCES 0,8429 / 0,8699 / 0,8862
SUPPORTS 0,7563 / 0,7833 / 0,7996

BASIC ATTENTION TOKEN [BAT] 5.53 TRY +7.00 +0.03 VOL 21 BAT

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