Circle Denies Rumor that USDC Has Problems

The US-based online payment company Circle has denied rumours that its stablecoin, USDC, is having difficulty stabilizing $1. Jeremy Allaire, CEO and Founder of the company, said in a statement on his Twitter account that they have decided to increase information sharing about the main challenges and risks that many crypto asset companies are experiencing. He also stated that they hold fully cash and 3-month term treasury assets in the USDC reserve.

JP Morgan Strategist's Positive Predictions on Crypto Markets

Nikolaos Panigirtzoglou, a JP Morgan Strategist and Chief Executive, said that he thinks the crypto markets are coming to the end of the bear season. Stating that the decrease in leverage positions was the first reason for this idea, he said that the main reason for this idea was that the most important and giant companies of the sector saw it as their duty to control the chaos created by small companies.

Ethereum Gas Fee Drops to Lowest Levels in 20 Months

Ethereum's gas fee, the average transaction fee, has fallen to $2, its lowest level since November 2020. While the decline in the market reduces network congestion is the main reason for this decline, the demand for the Ethereum network remains high.

Positive Development on the Celsius Side

Celsius, one of the crypto companies that are in danger of sinking after the Luna crisis, made an important payment yesterday. Celsius, who has a lot of coins in his hands and accounts, has been constantly on the agenda after the Luna crisis. But yesterday a significant payment was made by Celsius. The company repaid $120 million in debt to the Maker protocol and managed to bring the liquidation price down considerably.

Crypto Regulation Study from the European Central Bank

According to a report by Europe's most established newspapers, the European Central Bank is worried about possible conflicts between the central banks of European Union member states and crypto companies as it prepares to start implementing crypto assets and MiCA (Markets in Crypto Assets).

Crypto Borrowing Institutions Continue to Have Problems

After the LUNA crisis, a new one was added to the problems that started with Celsius and that we heard from many companies afterwards. According to reports, CoinLoan, a crypto borrowing agency, announced that they have temporarily lowered their withdrawal limits.


BITCOIN [BTC] 451193.97 TRY

Bitcoin, which started the week at 19,000 levels, slowly rose to 20,000 levels during the day. In fact, Celsius' withdrawal of Ethereum to crypto exchanges and the increase in the amount of Bitcoin entering the exchanges were supposed to create a selling pressure, but the fact that large crypto companies bought and supported the sinking funds and debt institutions seems to have somewhat dispelled the negative atmosphere in the market. Although Monday, when the US stock markets were closed, was good, the direction of the stock market in the US will have a significant impact on their pricing today.

Bitcoin is priced at $ 20,400 with a loss of 0.83% in the morning hours. When we look at the 4-hour chart, BTC has broken the middle band of the channel it is in upwards. Maintaining these levels will allow us to talk about the $22,000 target after that. However, we had seen such movements before in the days when the US stock markets were on holiday, and then the price returned to its former place. Therefore, we can recommend caution in over-channel purchases.

SUPPORTS 19.427 / 18.578 / 18.069
RESISTANCES 20.785 / 21.294 / 22.143

BITCOIN [BTC] 451193.97 TRY +7.00 +0.03 VOL 21 BTC


ETH, which has been very strong in the past weeks, has moved positively after its fall below $ 1000 and gave a strong image until last week. This led to an increase in money entries and the number of addresses. However, with the inability to break the ETH 1250 dollar level for the last 1 week, it has returned to its weak and volume-free periods and 1050 dollar levels.

Today, ETH, which lost 1.90% of its value in the morning hours, is priced at $ 1053. ETH, which found itself at support levels while trying the upward breakdown of the rectangular formation it is in after the big decline of crypto assets led by Bitcoin, is now stuck at $ 1050 levels slightly above the support point at $ 1000. Although it has tested the critical support level of $1000 several times, the fact that it has not been able to break it can be considered important in the long run.

SUPPORTS 0958 / 1002 / 1080
RESISTANCES 1202 / 1246 / 1324

ETHEREUM [ETH] 30907.77 TRY +7.00 +0.03 VOL 21 ETH


AVAX, which has lost 1.38% of its value as of the morning hours, is priced at $ 16.47. AVAX could not break the 21.50 levels after the upward movement between June 20-26 and then made a 5-day falling movement. AVAX, which has entered a channel, has repeatedly tested the very critical support at the 15.80 level, but has managed to remain strong and not broken. For AVAX, which is currently priced at 16.50 levels, we can say that 15.80 and 18.60 levels should be considered.

SUPPORTS 15,45 / 16,03 / 17,02
RESISTANCES 18,59 / 19,17 / 20,16

AVALANCHE [AVAX] 395.04 TRY +7.00 +0.03 VOL 21 AVAX


XRP, which lost 0.75% of its value in the morning, is priced at $ 0.3192. Ripple, which is in a descending channel on the hourly chart, managed to break down on Thursday but immediately returned to the channel. For XRP, which is currently testing the resistance level in the upper band of the channel, a breakout can go up to 0.35 levels. If the resistance cannot be broken, the channel middle band at 0.31 levels will serve as support.

SUPPORTS 0,3020 / 0,3085 / 0,3177
RESISTANCES 0,3334 / 0,3399 / 0,3491

RIPPLE [XRP] 7.90 TRY +7.00 +0.03 VOL 21 XRP


LTC is trading at $52.08, down 0.27% as of morning hours. LTC is in a channel by the hour. Like many coins, LTC is in a channel due to Bitcoin movements and correlation. After testing the channel mid-band of 49.40, LTC rose above $50 again and we can say that the levels of 53.80, 56 and 58.5 are critical.

SUPPORTS 45,85 / 47,44 / 48,66
RESISTANCES 51,47 / 53,06 / 54,28

LITECOIN [LTC] 1823.78 TRY +7.00 +0.03 VOL 21 LTC

LINK is down 2.07% at $6.09 today. LINK is located within a channel within the 4-hour chart and is currently attempting to break the channel mid-band upwards. Although it has tried to break the resistance many times, if the LINK 6.30 levels, which have failed to break and returned to the channel middle band, are broken, we can say that the next target is the 7.50 level.

SUPPORTS 05,73 / 05,91 / 06,18
RESISTANCES 06,63 / 06,81 / 07,09


BAT is trading at $0.4282, up 5.42% as of morning hours. When we look at the hourly chart, we see that it is in the triangle formation and breaks the triangle upwards. In addition, we need to wait for a closing above resistance in BAT, which seems to have broken the channel it has been in for about 2 months. A re-test of our new support level of 0.4270 can be seen as an opportunity for investors. For the continuation of the upward movement, we can point to the 0.4420 level.

SUPPORTS 0,3553 / 0,3712 / 0,3993
RESISTANCES 0,4433 / 0,4592 / 0,4873


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