DAILY CRYPTOCURRENCY NEWS

CME Says It Launches Ethereum Micro Futures

The Chicago Mercantile Exchange (CME) announced that it would offer Ethereum micro futures on December 6. The exchange noted that this would allow investors to make transactions much more minor than existing Ethereum futures contracts.

El Salvador Will Use Its Bitcoin Profits To Build New Schools

El Salvador will use its Bitcoin profit from their investment to build 20 new schools. President Bukele announced this news during the opening of a pet hospital funded by Bitcoin profits.

JPMorgan Says Bitcoin's Fair Value Is $35,000

According to a Bloomberg report, the US banking giant JPMorgan claims that the fair value of Bitcoin is $35,000, which is about 44% lower than the current price of BTC.

Commonwealth Bank Will Provide Cryptocurrency Investment Service For 6,5 Million Australians

Commonwealth Bank of Australia (CBA) is preparing to launch cryptocurrency trading services for 6,5 million users of the CommBank application. CBA will be the first bank in Australia to support cryptocurrency, and Blockchain Australia says it is "inevitable" that the other "big four" banks will also provide this service.

Pro-Bitcoin Miami Mayor Says He Will Take Next Paycheck 100% in BTC

The mayor of the US city of Miami has said that he will receive 100% of his next salary in Bitcoin and will become the first American politician to accept a salary in cryptocurrency. The mayor is currently trying to make his city the Bitcoin capital of the world.

The Monetary Authority of Singapore Announced: Target Is Becoming A Crypto Hub

Singapore, which is already an important financial center globally, is now aiming to become a cryptocurrency hub. The head of the central banking institution noted in recent comments that the city-state is trying to secure its role as a leading player in cryptocurrency.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359087.13 TRY

Bitcoin lost a 0,40% value during morning hours; the current price is $63.043. The mayor of the US city of Miami has said that he will receive 100% of his next salary in Bitcoin and will become the first American politician to accept a salary in cryptocurrency. The mayor is currently trying to make his city the Bitcoin capital of the world. Commonwealth Bank of Australia (CBA) is preparing to launch cryptocurrency trading services for 6,5 million users of the CommBank application. We think that the pace of adaptation is rallying and this will push prices up.

When we consider the BTC/USDT pair technically, Bitcoin, which continues to move within the ascending channel that exists as of July 20, broke the trend up on October 29. BTC, which has been holding onto this trend recently, also rose yesterday with its support at the level of 62,236 dollars, which coincides with the Fibo '78,60 tranche. Although the buy signal has not yet arrived in BTC, which is priced above the 7 and 14-day DEMA, the outlook is positive. The rises towards the 67,000 dollar level, which is the peak level, may continue.

RESISTANCES 64.334 / 65.768 / 67.318
SUPPORTS 61.350 / 59.800 / 58.366

BITCOIN [BTC] 359087.13 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24618.62 TRY

Ethereum lost a 0,60% value during morning hours, and the current price is $4.567,93. The Chicago Mercantile Exchange (CME) announced that it would offer Ethereum micro futures on December 6. The exchange noted that this would allow investors to make transactions much more minor than existing Ethereum futures contracts. We evaluate this news as a new investor catcher.

When we consider the ETH/USDT pair technically, ETH reached its target of $4.604,80, the head-and-shoulders formation target we expected for a long time. Afterward, it retreated slightly, but pullbacks will be limited; it can just retreat towards $4,400, which cannot determine the trend direction.

RESISTANCES 4684 / 4812 / 4989
SUPPORTS 4075 / 4203 / 4379

ETHEREUM [ETH] 24618.62 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 318.46 TRY

AVAX gained a 4,50% value during morning hours, and the current price is $70,77. Avalanche has launched a $200 Million fund to support ecosystem growth. Technology, business development, and ecosystem integration will be supported through the project and the capital investments and token purchases.

When we consider the AVAX/USDT pair technically, AVAX surged after finding support at 50-MA, faced resistance at $71,60 (downward trend of September 23). We see a buy signal coming from MACD in the daily chart. Recently shared a 200 million fund new can affect positively AVAX. If it breaks the downward trend, our price target is $79,80 and it can rise towards $97.

RESISTANCES 73,23 / 76,08 / 80,20
SUPPORTS 59,29 / 62,14 / 66,26

AVALANCHE [AVAX] 318.46 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.74 TRY

Ripple gained a 3,5% value during morning hours, and the current price is $1,1853. When we consider the XRP/USDT pair technically, XRP tested the downtrend that existed as of October 10 and closed the day above this level. As we mentioned in the bulletin yesterday, the upward break of the solid short-term downtrend in XRP, which has been making similar price movements for a long time, would have triggered a hard rise for XRP. Looking at the price movement this morning, we see that sales pressure has decreased and volume increases have been experienced in XRP. The short-term price target is at the levels of $ 1.23 and $1.41.

RESISTANCES 1,2753 / 1,3221 / 1,4144
SUPPORTS 0,9971 / 1,0439 / 1,1362

RIPPLE [XRP] 8.74 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 987.34 TRY

LTC lost a 0,15% value during morning hours; the current price is $200,8. When we consider the LTC/USDT pair technically, LTC, which moves in the ascending channel, rose towards the middle band of the channel ($204,9 level). Although the MACD has given a buy signal this morning in the daily chart, the daily close should be followed for the approval of this signal. If it holds onto the Fibo'78,60, it can rise towards the $230-240 (the upper band of the channel).

RESISTANCES 205,66 / 210,29 / 215,57
SUPPORTS 185,84 / 190,47 / 195,75

LITECOIN [LTC] 987.34 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 0,95% value during morning hours, and the current price is $32,04. When we consider the LINK/USDT pair technically, LINK, which moves in the ascending channel as of September 21, persisted its rise after finding support at $31 (middle band of the channel). LINK had pullbacks this morning. The levels around the middle band can be monitored. We expect that the rises will continue towards the upper band of the channel for the LINK arising out of the golden cross along with the MACD, which continues to give a sell signal in the daily chart.

RESISTANCES 32,80 / 33,70 / 34,66
SUPPORTS 29,07 / 29,97 / 30,94

BASIC ATTENTION TOKEN [BAT] 5.62 TRY

BAT lost a 3,90% value during morning hours, and the current price is $1,0547. When we consider the BAT/USDT pair technically, BAT, which broke the downward trend of October 29 along with the above transaction volume, has pullbacks subsequently after the sharp rise. BAT, which held on to the previous peak level, is again retesting this zone this morning. If it retests successfully and holds onto the level in the daily chart, a rise can be expected.

RESISTANCES 1,0433 / 1,1031 / 1,1361
SUPPORTS 0,8577 / 0,9175 / 0,9505

BASIC ATTENTION TOKEN [BAT] 5.62 TRY +7.00 +0.03 VOL 21 BAT

We always love and support sports!

We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.