DAILY CRYPTOCURRENCY NEWS

Crypto Investment Has Positive Impact on Portfolios

According to a research study conducted by crypto asset management teams such as Iconic Funds and Cryptology Asset Group, the ability of crypto investments to positively affect the performance of investment portfolios is superior to other asset allocation models.

95% of Cryptocurrency Market in Profit

According to the on-chain data provided by Glassnode, almost 95% of the market is currently in profit. After Bitcoin rose above $ 55,000, the number of profitable assets increased by 16%.

Companies Want to Add Bitcoin to Their Balance Sheets

According to Darren Jordan, Managing Director of BitGo EMEA, companies are regularly asking how they can add Bitcoin to their balance sheets.

Total Value Locked in Lightning Network Increased Over 1,000% In a Year Hitting $165 Million

According to the latest data from DeFi Pulse, the total value locked (TVL) in Bitcoin Lightning Network has increased by 1,273% in a year, reaching $165 million.The TVL increased from $12.05 million, on October 10, 2020, to $165.55 million, which was locked on October 7, 2021.

Judge Makes XRP Investors ‘Friends of Court’ in SEC’s Lawsuit Against Ripple

A United States district judge has denied the request of XRP investors to intervene in the U.S. Securities and Exchange Commission’s lawsuit against Ripple Labs but is encouraging them to offer the court information on the case as “friends of the court.”

Ukrainian President Sends Crypto Draft Back to Parliament for Revisions

Ukrainian President Volodymyr Zelensky has sent a cryptocurrency legislative draft back to parliament for further amendments. The changes focus on giving the country's securities regulator more control over cryptocurrencies.

Mt. Gox Bitcoin Reimbursement Voting Could Release 150,000 BTC

A Mt. Gox rehabilitation proposal that deals with reimbursement to affected investors will conclude voting on Friday, Oct 8. A minimum of over 50% is required for the proposal to pass.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 376246.04 TRY

Bitcoin gained a 0,30% value during morning hours; the current price is $53.929. According to a research study conducted by crypto asset management teams such as Iconic Funds and Cryptology Asset Group, the ability of crypto investments to positively affect the performance of investment portfolios is superior to other asset allocation models. There is news on the institutional side. According to Darren Jordan, Managing Director of BitGo EMEA, companies regularly ask how to add Bitcoin to their balance sheets.

When we consider the BTC/USDT parity in technical terms, after sharp price movement, Bitcoin retreated yesterday. Although we have not yet received a return signal in the daily metrics, we can see a short-term correction in Bitcoin, which has risen by 36 percent in one week. The level where we expect to find support when retreating is between $51,800 - $52,800.

RESISTANCES 54.682 / 55.563 / 56.226
SUPPORTS 53.138 / 52.475 / 51.594

BITCOIN [BTC] 376246.04 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 25417.42 TRY

Ethereum lost a 0,35% value during morning hours, and the current price is $3572. ETH, which began to rise throughout the market, limitedly moved compared to the captain Bitcoin. But yesterday, altcoins performed better against Bitcoin. ETH, on the other hand, gained about 3.23 percent against Bitcoin yesterday.

When we consider the ETH/USDT parity in technical terms, we see that the bullish movement continued yesterday but remained limited. In the 4-hour chart, along with the sell signal from MACD, ETH can retreat. The support levels at $3483 and $3410 can be monitored when retreating. In the daily chart, the outlook is still positive. As mentioned before, our target price of $3680 for ETH, which rose towards $3653 yesterday, is still valid. After surpassing this level, our next target price is $3950.

RESISTANCES 3640 / 3715 / 3779
SUPPORTS 3360 / 3435 / 3500

ETHEREUM [ETH] 25417.42 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 324.26 TRY

AVAX gained a 2,10% value during morning hours, and the current price is $63.00. When we consider the AVAX/USDT parity in technical terms, having broken the lower band of the ascending channel recently downward as of Sept. 13, AVAX has been rising towards the lower band of the channel for two days. There are two different scenarios waiting for AVAX. If AVAX begins to accelerate in the ascending channel, price rise can accompany with. AVAX can retreat to $55,9 (Fibo'50) at the 50-day moving average if the rise stays as a retest of the lower channel.

RESISTANCES 64,81 / 66,82 / 70,00
SUPPORTS 54,43 / 56,44 / 59,62

AVALANCHE [AVAX] 324.26 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 9.27 TRY

Ripple lost a 0,65% value during morning hours, and the current price is $1,056. A United States district judge has denied the request of XRP investors to intervene in the U.S. Securities and Exchange Commission’s lawsuit against Ripple Labs but is encouraging them to offer the court information on the case as “friends of the court.”

When we consider the XRP/USDT parity in technical terms, XRP, which has been testing the $1,097 level (50-day moving average) for the last 3 days, retreats with the resistance at this level. We suppose the sales pressure on XRP will decrease, and there is an acceleration on the way  after the breakout of the 50-day moving average. In the daily chart, MACD gives a buy signal. Although everything looks fine in the daily chart, short-term correction movements can be seen for XRP, where we receive retreat signals in the hourly chart.
 

RESISTANCES 1,0837 / 1,1068 / 1,1197
SUPPORTS 1,0117 / 1,0348 / 1,0477

RIPPLE [XRP] 9.27 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 1012.31 TRY

LTC lost a 0,70% value during morning hours; the current price is $177,1. When we consider the LTC/USDT parity in technical terms, LTC rapidly rose toward $189 (200-day moving average) and closed the day with the resistance near this level. As a result of yesterday's price movement, there is a Doji candle pattern in the daily chart. The doji candle pattern works as a reversal signal. In this sense, although the outlook is negative, it is holding on to the 50-day moving average. If this level is maintained, the rise towards the 200-day moving average will continue again.

RESISTANCES 184,13 / 191,24 / 195,81
SUPPORTS 160,77 / 167,88 / 172,45

LITECOIN [LTC] 1012.31 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 1,00% value during morning hours, and the current price is $26,60. When we consider the LINK/USDT parity in technical terms, LINK, which broke its 50-day moving average ($27) and 200-day moving average ($ 27.50) in an upward direction yesterday, closed the day below these levels, along with the resistance. LINK, which tested its 50-day moving average with the opening of the daily candle, again began to retreat from this level. Due to the inability to break the moving averages, LINK still maintains its horizontal price movement, but in order to find a new demand, LINK can retreat.

RESISTANCES 27,39 / 28,24 / 28,87
SUPPORTS 24,41 / 25,27 / 25,90

BASIC ATTENTION TOKEN [BAT] 5.71 TRY

BAT gained a 2,00% value during morning hours, and the current price is $0,7497. When we consider the BAT/USDT parity in technical terms, BAT is priced positively while there is decline throughout the market. The BAT, which retested the $0.72 level yesterday, has found support from this level. As of this morning, there is a sharp price movement upwards of 7%. If BAT closes the day above the $0,7428 level (Fibo'61,80), the rise can continue.  As we noted in the bulletin yesterday, with the upward break of this level, our target at $0.84 remains valid.

RESISTANCES 0,7831 / 0,8182 / 0,8524
SUPPORTS 0,6445 / 0,6796 / 0,7138

BASIC ATTENTION TOKEN [BAT] 5.71 TRY +7.00 +0.03 VOL 21 BAT

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