Bitcoin Volatility Reaches 16 Month Low

Although volatility is the lowest figure in the last 16 months, it still represents a sizable premium, especially for long-term options. It is possible to say that as Bitcoin becomes more stable, it will take place in our lives much more strongly in the future.

Russian Banks Ready for Digital Ruble
Russian banks agreed with the Central Bank on CBDCs. Five Russian banks announced their readiness to pilot the Digital Ruble proposed by the Central Bank of Russia following the publication of the public consultation report. Along with this project, it is also foreseen that these five Russian banks will pay their employees in the form of Digital Ruble.

XLM Experienced Sudden Rise with New Collaboration
The stablecoin USD Coin (USDC), backed by the financial firm Circle, announced that it will use the Stellar network from now on and process transactions with Stellar-based USDC for payments. With this news, it increased by about 10%.

The Transfer Of Payment With Digital Yuan Has Started
The Central Bank of China's cryptocurrency project, Digital Yuan, has gradually adapted to daily life and started to be seen as payment management. The Central Bank digital currency (CBDC) can now be used at Shenzhen Gas Stations. Digital Yuan can be used not only for gasoline or gas purchases but also for purchases made from gas station markets.


BITCOIN [BTC] 351255.96 TRY

Bitcoin is trading at $ 11,225 this morning with a horizontal view. In the past week, BTC managed to hold on at $ 11,200 in the general market conditions fluctuating with the increasing cases of COVID-19 and the introduction of curfews in Europe and renewed confidence. Nevertheless, there is a general volume decrease in BTC due to the trend towards safe harbor demand. In addition, Ethereum may experience positive divergence from Bitcoin, as miners' earnings drop to a 5-month low.

When we consider BTCUSD technically; We see that the bullish channel continues, but transactions are within a horizontal band. Therefore, we will continue to follow the daily movements in the range of $ 11,200-11,550. The rhythm of BTC is in an upward trend but we continue to follow the volume and horizontal levels.

RESISTANCES 11,350/ 11,430/ 11,500/ 11,750
SUPPORTS 11,200/ 11,050/ 10,950/ 10,800

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


Ethereum is holding flat at 0.5% this morning and is pricing at $ 372. Basically, with the absence of a news headline that stands out in the developments, it continues to move over $ 11 billion, which is also on the DeFi side (locked). Therefore, we can see that technical movement are in the foreground.

When we consider ETHUSD technically, we see that it is within a wide bullish channel. Therefore, we will pay attention to where we are in the middle band of the channel. The fact that we are above the full intermediate support in Ethereum, which is horizontal at $ 365-380 daily and the hourly horizontal oscillators at $ 372 show a return from the oversold zone, signaling a reaction may come.

RESISTANCES 375/ 381/ 389/ 395
SUPPORTS 370/ 365/ 357/ 355

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


RESISTANCES 0,2490/ 0,2550/ 0,2585/ 0,2630
SUPPORTS 0,2400/ 0,2350/ 0,2240/ 0,2200

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


RESISTANCES 47,90/ 49,25/ 51,10/ 53,90
SUPPORTS 46,70/ 46,00/ 45,30/ 44

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

RESISTANCES 11,00/ 11,70/ 12,20/ 12,70
SUPPORTS 10,25/ 10,05/ 9,50/ 9,00


RESISTANCES 0,2160/ 0,2200/ 0,2260/ 0,2320
SUPPORTS 0,2110/ 0,2080/ 0,2070/ 0,2040


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