ICRYPEX | Daily Newsletter | Bitcoin Price Drops After Putin Declares War On Ukraine

DAILY CRYPTOCURRENCY NEWS

Bitcoin Price Drops After Putin Declares War on Ukraine

The price of Bitcoin fell sharply after Russian President Vladimir Putin went on TV to announce a "special military operation" to complete the "disarmament" of Ukraine. All current signs point to Russia's invasion of Ukraine, and there are media reports of explosions in the capital of Kiev.

Thailand Stock Exchange to Launch Digital Asset Exchange "Coming Soon"

The Thai Stock Exchange is preparing to launch a digital asset exchange. The head of the Thai exchange expects the Thai Securities and Exchange Commission (SEC), the country's cryptocurrency regulator, to approve the launch "very soon."

Kazakhstan Terminates 13 Crypto Mining Farms

Kazakhstan's Ministry of Energy discovered and stopped the activities of 13 illegal digital asset mining farms. Collectively, they used over 200 megawatts of electrical capacity.

Brazil: Senate Committee Approves Crypto Regulatory Bill to Promote Growth

Regulatory actions for the cryptocurrency industry have gained increasing momentum worldwide this year as the $1.84 trillion industry is more rooted in the financial market. Another country that stepped up its surveillance on digital assets soon after last week was Brazil, when reports that US President Joe Biden had signed an executive order on crypto regulation.

S&P Drops to Lowest Point Since June 2021 as BTC Extends Losses

Stock and cryptocurrency markets continued their decline on Wednesday as Ukraine situation intensified. Pentagon spokesman John Kirby said that Russian forces continued to build up on the Ukrainian border, and later statements from Russia confirmed this news flow.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 354156.30 TRY

Bitcoin lost a 6,10% value during morning hours and is priced around $34.934. When we consider the BTC/USDT pair technically, a short-term relief signal was received with the positive divergence in the 4-hour RSI yesterday in BTC, where sharp drops followed in the last week period. But Bitcoin wiped out its gains with the news flow from Russia. Short-term rises took place until the resistance zone was marked in blue, and news flow led to a sharp fall. The tension between Russia and Ukraine still continues and volatility can be seen with the announcement of what kind of actions other countries will take. During retracements, the $33,800 level is the first vital support.

RESISTANCES 37.902 / 40.873 / 42.546

SUPPORTS 33.258 / 31.585 / 28.614

BITCOIN [BTC] 354156.30 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24493.77 TRY

Ethereum lost a 7,15% value during morning hours and is priced around $2389. When we consider the ETH/USDT pair technically, ETH got a short-term reversal signal from the 4-hour RSI and continued its rise until the level of $2800. But the negative news flow led to a sharp fall. For ETH, which is at the support level marked in blue, if this level is lost to the downside, the decline towards the previous low level of $ 2150 can continue.

RESISTANCES 2631 / 2887 / 3024

SUPPORTS 1844 / 2100 / 2237

ETHEREUM [ETH] 24493.77 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.31 TRY

AVAX lost a 6,95% value during morning hours and is priced around $68,18. When we consider the AVAX/USDT pair technically, AVAX, which rose towards the level of $79.59 (50MA) yesterday, faced resistance from the same zone and wiped out its gain. So the downward momentum accelerated. If the negative news flow continues, the rise may deepen towards $55.

RESISTANCES 78,13 / 88,69 / 94,88

SUPPORTS 44,63 / 55,19 / 61,38

AVALANCHE [AVAX] 319.31 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.27 TRY

Ripple lost a 6,75% value during morning hours and the current price is $0,6486. When we consider the XRP/USDT pair technically, XRP had a descending triangle and broke the level of $0,75 downwards and sharp sales followed. After the daily close yesterday, XRP could regain some loss and broke the resistance level of $0,7121. This morning it was retested. However, the decline in XRP, which could not hold onto the level of $0.7121, accelerated and decreases towards the level of $ 0.58 might follow.

RESISTANCES 0,7126 / 0,7853 / 0,8270

SUPPORTS 0,4838 / 0,5565 / 0,5982

RIPPLE [XRP] 8.27 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 974.76 TRY

LTC lost a 7,00% value during morning hours and is priced around $97,9. When we consider the LTC/USDT parity technically, LTC, faced resistance from $113,1 broke the support level at $104,9. If the negative news flow continues, LTC could face declines towards the $82 zone.

RESISTANCES 107,10 / 117,15 / 122,43

SUPPORTS 76,44 / 86,49 / 91,77

LITECOIN [LTC] 974.76 TRY +7.00 +0.03 VOL 21 LTC

CHAINLINK [LINK] 144.33 TRY

LINK lost a 7,80% value during morning hours and is priced around $12,28. When we consider the LINK/USDT pair technically, the weekly channel lower line, which has been in existence since July 27, 2020, has also been broken down. LINK has a head-and-shoulders formation in the daily chart and rose towards the neckline ($15,16) but a formation target has never occurred. The decline is likely to continue towards $11,50.

RESISTANCES 13,84 / 15,52 / 16,38

SUPPORTS 08,75 / 10,44 / 11,30

CHAINLINK [LINK] 144.33 TRY +7.00 +0.03 VOL 21 LINK

BASIC ATTENTION TOKEN [BAT] 5.50 TRY

BAT lost a 8,20% value during morning hours, and is priced around $0,5999 . When we consider the BAT/USDT pair technically, BAT has repeatedly tested the uptrend that has existed since June 2021 and broke it down again. The sales pressure followed. For BAT, which we are talking about head-and-shoulders formation, it has been confirmed and at the same time, there has been a fall to our short-term price target, the support zone marked in blue. We expect the declines to continue for a while for BAT, which broke the blue zone to the downside this morning.

RESISTANCES 0,6735 / 0,7541 / 0,7964

SUPPORTS 0,4277 / 0,5083 / 0,5506

BASIC ATTENTION TOKEN [BAT] 5.50 TRY +7.00 +0.03 VOL 21 BAT