DAILY CRYPTOCURRENCY NEWS

Crypto Exchanges to Stop Serving on China Users

With the fact that the People's Bank of China (PBOC) has described all crypto-related activities as illegal, the exchange platforms with the highest volume of transactions were forced to close their stores, stopping the registration of new accounts in the country.

Important Statement from Nayib Bukele About the Chivo Bitcoin Wallet

According to El Salvador’s president, more than two million locals are already actively using the Bitcoin wallet Chivo. This rate is much higher than the number of users in banks.

Former U.S. Treasury Secretary Says Regulation Would Safeguard Crypto Sector

Former U.S. Treasury Secretary Lawrence Summers has said that the cryptocurrency industry should embrace government regulation for its own benefit.

Fantom Has Launched Artion NFT Marketplace - The Platform Aims to "Charge Content Producers with Low Fees"

On September 24, 2021, the Fantom Foundation announced the launch of a new NFT marketplace that aims to compete with the current NFT marketplace.

Cathie Wood's Ark Invest Buys $89 Million Worth of TWTR  After the Bitcoin Tips Integration

Ark Investment Management has doubled down on its support for the Jack Dorsey-led social media platform. Interestingly, the new shares purchase came just a day after Twitter announced that it would enable BTC tips.

SEC Rejects Freedom of Information Act Request Concerning Tether Documents

On September 24, the staff writer for The New Republic, Jacob Silverman, tweeted about a Freedom of Information Act (FOIA) request he filed that was ultimately denied. On the social media platform, Silverman wrote that he had received responses to FOIA requests from the Securities and Exchange Commission (SEC) and said the responses were "withheld due to possible law enforcement investigation."

DeFi Tokens Have Double Digit-Gains in 24 Hours, DeFi TVL Increased By 6% In 2 Weeks

A number of popular crypto assets, such as Bitcoin, have consolidated, while decentralized finance (DeFi) tokens have made significant gains over the past 24 hours.

Ripple CEO Brad Garlinghouse Says He Is Open to Resolving Landmark XRP Case With SEC

Brad Garlinghouse, Ripple's CEO, said that the San Francisco-based payment firm is open to resolving its case with the SEC under one condition. In a new interview with Fox Business, Garlinghouse stated that Ripple would be willing to enter into an agreement with the SEC if the regulator clearly defines the regulatory status of XRP.

Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says

Authorities in Indonesia don’t intend to observe China’s instance of imposing an outright ban on cryptocurrencies, an authorized official stated, noting the nation will restrict itself to making sure they don’t seem to be utilized in unlawful actions.

The Amount of ETH Locked in DeFi Hits All Time

After the big drop in TVL, there have been increases in the number of ETH locked into the decentralized financial ecosystem. According to current data, 7,830,000 Ether is locked in DeFi.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 350192.26 TRY

Bitcoin gained 2,05% value during morning hours; the current price is $44.046. According to El Salvador’s president, more than two million locals are already actively using the Bitcoin wallet Chivo. This rate is much higher than the number of users in banks. The fact that such a rapid adaptation has been achieved continues to be interpreted positively by investors who are interested with the crypto sector.

When we consider the BTC/USDT parity in a technical sense, having retreated between $40,000-41,000 levels over the past 3 days, BTC has closed daily at $42,235, which coincides with the Fibo'61,80 tranche. In the daily chart, MACD goes well. But, the buy signal is not on the way. We expect rises to continue for BTC, which holds successfully $42.500. After retreated, if BTC still persists in Fibo'61,80 tranche as of the daily close, our first short-term price target is $45,500, where the 200-day moving average is.

RESISTANCES 45.380 / 46.611 / 48.916
SUPPORTS 41.844 / 39.539 / 38.308

BITCOIN [BTC] 350192.26 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24255.53 TRY

Ethereum gained a 2,95% value during morning hours, and the current price is $3144,37. Following the big drop in TVL, there have been increases in the number of ETH locked into the decentralized financial ecosystem. According to current data, 7,830,000 Ether is locked in DeFi. This continues to reduce the supply of circulating ETH, while the sales trend for Ether is a reducing factor. At the same time, the fact that this amount is increasing indicates that there is movement in the DeFi sector.

When we consider the ETH/USDT parity in a technical sense, as we mentioned in the bulletin last week, the $2900 level for ETH is critical. When we consider the price movement of the last three days, although settled retreats below this level in the intraday chart, ETH closed over $2901 found at Fibo'61,80 tranche. In the 4-hour chart, MACD gives a buy signal. The vital short-term resistance level for ETH is $3160-3200. When daily closed above this level, the rises for ETH will continue between the $3350 - 3600 levels, respectively.

RESISTANCES 3283 / 3434 / 3705
SUPPORTS 2439 / 2590 / 2861

ETHEREUM [ETH] 24255.53 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.96 TRY

AVAX gained 3,27% value during morning hours, and the current price is $69,02. When we consider the AVAX/USDT parity in technical terms, having a rising channel as of September 9, AVAX found support near $61,81 matched the low channel yesterday morning. With this support, AVAX, which broke its downward trend as of September 23 and rose toward the $68 level yesterday, has successfully retested the downward minor trend of this morning and continues its price movement up. In the 4-hour chart, MACD is about to give a buy signal; our first short-term price target for AVAX is $79.5, which coincides with the mid-channel.

RESISTANCES 73,14 / 77,21 / 82,99
SUPPORTS 53,44 / 57,51 / 63,29

AVALANCHE [AVAX] 316.96 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.16 TRY

Ripple gained a 2,85% value during morning hours, and the current price is $0,9706. According to the latest news about the ongoing lawsuit between Ripple and the SEC, Ripple's CEO Brad Garlinghouse said that the San Francisco-based payment firm is open to resolving its case with the SEC under one condition. In a new interview with Fox Business, Garlinghouse stated that Ripple would be willing to enter into an agreement with the SEC if the regulator clearly defines the regulatory status of XRP. The positive news in the litigation process will affect the XRP price movement positively.

When we consider the XRP/USDT parity in technical terms, having closed daily in the last 3 days below its 200-day moving average, XRP is currently above the $0.9560 level, found at 200-day moving average and also above the $0.9623 level, which matches the Fibo'61.80 tranche, as of this morning. XRP broke the minor trend downwards as of September 10, and if it closes above these levels, the rises are expected to continue towards the $1.10, which matches the 50-day moving average.

RESISTANCES 1,0034 / 1,0371 / 1,0937
SUPPORTS 0,8228 / 0,8565 / 0,9131

RIPPLE [XRP] 8.16 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 962.76 TRY

LTC gained 1,45% value during morning hours, and the current price is $153,2. When we consider the LTC/USDT parity in technical terms, priced negatively at the weekend compared to the total market, LTC has retreated to $141,3, which matches the Fibo'141.3 tranche. There is no recovery for LTC, which faced resistance at $155,4 found at Fibo'50 tranche, in the daily chart. If LTC closes above the $155.4 level, the important resistance at the $165-170 levels is the first price target. Price movements near the $141 levels should be concerned within the retreat.

RESISTANCES 157,39 / 162,33 / 170,39
SUPPORTS 131,39 / 136,33 / 144,39

LITECOIN [LTC] 962.76 TRY +7.00 +0.03 VOL 21 LTC

LINK gained 1,30% value during morning hours, and the current price is $25,00. When we consider the LINK/USDT parity in technical terms, having evaluated by their investors in every retreat movement at the weekend, LINK is priced at $24,26-24,81, which is a significant resistance level as of this morning. In the daily chart, stochastic gives buy signals. But we need to wait for the signal approval by the daily close. If LINK closes the day above the $24.81 level, which coincides with the Fibo'61.80 tranche, we expect it to continue its rise towards the $ 27.7 levels, where it has 200-day and 50-day moving averages, and also coincides with the downward trend as of September 6.

RESISTANCES 26,17 / 27,39 / 29,32
SUPPORTS 19,86 / 21,08 / 23,02

BASIC ATTENTION TOKEN [BAT] 5.45 TRY

    
BAT gained 1,45% value during morning hours; and the current price is $0,689. When we consider the BAT/USDT parity in technical terms, having tested the $0,60 level, which was the dip September 21-22, BAT is priced again on the weekend above the $0.6172 level, which coincides with the Fibo'38.20 zone again with the support. As of the last night, in the 4-hour chart, MACD has given a buy signal. If BAT continues to rise, the price movement toward $0,70, which coincides with the minor downward trend as of September 9 in line with the upward trend of the $0,677 found at Fibo'50 tranche, should be followed.

 

RESISTANCES 0,6726 / 0,6960 / 0,7349
SUPPORTS 0,5480 / 0,5714 / 0,6103

BASIC ATTENTION TOKEN [BAT] 5.45 TRY +7.00 +0.03 VOL 21 BAT

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