Citibank Underlines The Ethereum Merge

Banking giant Citigroup believes the upgrade could have several implications for the blockchain. CoinDesk reported on Aug. 5 that once the upgrade is launched, it could lead to lower energy density, leaving Ethereum with a deflationary asset and a more scalable future. Also, according to Citi, the transition to Proof of Stake (PoS) could reduce Ethereum's overall issuance by 4.2% per year. The research department states that when Ethereum becomes a deflationary asset, the cryptocurrency will stand out more as a store of value.

Voyager Plans to Reopen Withdrawals Next Week

Voyager announced that it has received court approval that will allow customers to reopen their withdrawals. The company says it plans to reopen withdrawals on Aug. 11 with a daily limit of $100,000. Voyager had suspended withdrawals and other account activities on July 1 before filing for bankruptcy on July 5.

ApeCoin BitPay Collaboration

Cryptocurrency payment processor BitPay has announced that it supports the ApeCoin currency. After ApeCoin's collaboration with Gucci, BitPay announced that they will accept APE in partnership with the Italian fashion brand. ApeCoin has thus announced two very critical collaborations in the last 2 weeks.

Coca Distributes a New Collection Through Cola-Polygon

According to the announcement made on the Polygon Studios Twitter account, on World Friendship Day, which is celebrated in Coca Cola USA, a collection was distributed through Polygon to fans and customers who were with the company throughout the brand's metaverse process.

Morgan Stanley's Job Ad Shows Sweeping Crypto Plans

Financial giant Morgan Stanley is looking for a product development manager who focuses on creating a wide range of new crypto products across the lines of business, according to the firm's LinkedIn job posting.

Brazil's Central Bank Governor Describes Bitcoin as a Financial Innovation

Brazilian Central Bank Governor Fabio Araujo praised the technological features of Bitcoin (BTC), describing the asset as a financial innovation that led to new critical products. For example, the central banks of most countries have triggered digital currencies (CBDCs) to start researching, as well as citing Bitcoin's role in sparking the Web3 concept.

Chainlink Staking: A New Chapter in the LINK Economy

Chainlink is a decentralized oracle network known for providing price data to power DeFi applications. The network plans to launch a token staking and node delegation system. The updates could help make Chainlink more secure and decentralized, potentially rekindling interest in the project.





BITCOIN [BTC] 533322.41 TRY

When we look at the crypto market as of the end of the week, we see that the return of BTC and ETH from the strong support levels at the levels of $ 22,700 and $ 1670 has created a very positive atmosphere in the market and this strong stance in these 2 largest coins has brought the rise in altcoins. Although the Unemployment and Non-Farm Employment data published last week is thought to lead to demand inflation, the positive evaluation and the continuation of money inflow into the cryptocurrency markets have made a good start to the week.

Bitcoin is pricing in at $23,321 today, up 0.63% in the morning. Bitcoin fell to 23,000 levels on August 1 and switched to a strong horizontal channel movement. BTC, which moved between the $ 700 range in the 1-week period, showed a strong stance in the channel although it could not break upwards. When we look at the daily chart, BTC, which has managed to break the downward trend, is experiencing a volumeless rise as of last night hours. We can say that the $23,500 level is critical in BTC, which is currently advancing to the upper band of its channel.

SUPPORTS 23.066 / 22.713 / 22.527
RESISTANCES 23.605 / 23.791 / 24.144

BITCOIN [BTC] 533322.41 TRY +7.00 +0.03 VOL 21 BTC


Today, ETH, which gained 0.64% in the morning hours, is priced at $ 1710. Ethereum's breaking above the 1670 level on Friday pushed the price back above the 1700 levels. ETH, which is currently in a channel between the 1670-1750 levels, continues to test the support and resistance points of the channel on a double side. In addition, Ethereum seems to have broken the 4-month downward trend on the daily chart.

SUPPORTS 1632 / 1653 / 1688
RESISTANCES 1745 / 1766 / 1802

ETHEREUM [ETH] 34109.08 TRY +7.00 +0.03 VOL 21 ETH


AVAX, which has gained 0.86% as of the morning hours, is priced at $ 28.16. AVAX, one of the coins that spent the weekend the best, reached the level of $ 28 by breaking the very strong resistance levels upwards by catching a 20% rise as of Friday. When we look at the daily chart, we can say that the next target is the $ 32 level in AVAX, which broke the 4-month downward trend upwards as of Friday.

SUPPORTS 23,99 / 24,91 / 26,67
RESISTANCES 29,35 / 30,27 / 32,03

AVALANCHE [AVAX] 325.96 TRY +7.00 +0.03 VOL 21 AVAX


XRP, which gained 0.51% with the morning hours, is priced at $ 0.3741. Ripple is one of the rare coins that lost value over the weekend. Ripple, which is located in a symmetrical triangle, has not been able to perform the breakdown even though it has carried out double-sided tests. We can say that the pattern in Ripple, which is currently in the middle of the formation, has shrunk and the positive mood in the market will bring an upward breakdown in Ripple.

SUPPORTS 0,3655 / 0,3680 / 0,3722
RESISTANCES 0,3789 / 0,3814 / 0,3856

RIPPLE [XRP] 9.56 TRY +7.00 +0.03 VOL 21 XRP


LTC is trading at $61.42, up 0.54% as of the morning hours. The LTC descending triangle pattern continues. LTC, which tested the resistance level several times for the channel breakout after seeing support at the $60 level, experienced a reversal each time. We can say that the retest may come in LTC, which has caught a similar movement during the night hours, and it can break out in this period when altcoins are so strong.

SUPPORTS 59,31 / 59,87 / 60,78
RESISTANCES 62,25 / 62,81 / 63,72

LITECOIN [LTC] 1721.21 TRY +7.00 +0.03 VOL 21 LTC

LINK is pricing in at $8.42, up 0.92% today. LINK has become one of the most upward movement coins of recent times. LINK, which is expected to switch to the staking system, has become one of the best performing coins among altcoins. LINK, which strongly broke the resistance level of 8.15 in the ascending triangle pattern with high volume, continued its rise afterwards. LINK, which is currently priced at 8.43, continues its movement with a target of $ 11.

SUPPORTS 7,16 / 7,43 / 7,96
RESISTANCES 8,75 / 9,02 / 9,55


BAT is trading at $0.4383, up 2.07% as of morning hours. Although the BAT reached 0.46 levels after breaking the upside of the falling triangle pattern yesterday, it returned to support levels. Although there is an upward mood in the market, we can say that BAT will retest the support level if there is no upward breakdown in BTC and ETH. It can then break down depending on the volume and pyiasa status. In the event of an upward breakdown in ETH and BTC, it may break the horizontal channels it has been in for months.

SUPPORTS 0,4050 / 0,4135 / 0,4276
RESISTANCES 0,4502 / 0,4587 / 0,4728


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