DAILY CRYPTOCURRENCY NEWS

Crypto Payment Processor Starts Letting Over 500 Merchants Accept Shiba Inu Payments

Popular cryptocurrency payments processor CoinGate has added the meme-inspired cryptocurrency Shiba Inu to their platform, effectively allowing over 500 merchants to accept it as a payment method.

TIME Magazine to Hold ETH on its Balance Sheet

TIME Magazine will hold ether (ETH) on its balance sheet as part of a partnership with Galaxy Digital focused on metaverse. According to a press release on Thursday, Galaxy Interactive, the entertainment arm of Galaxy Digital, has signed a content sponsorship agreement with TIME Magazine. Together with the partnership, the magazine will launch a new version of the TIME100 companies, including the best global companies and entrepreneurs in the field of the metaverse.

Acala Wins first Polkadot Parachain Auction

Thursday morning, Polkadot Acala, a decentralized finance (DeFi) protocol operating on the (DOT) network, has announced that it has won the first Polkadot parachain auction in history. Acala has collected 32.5 million DOTS worth about $1.28 billion from 24,934 participants via ICO.

The Fed Has ‘Lost Control of Inflation’ Says Stifel’s Chief Economist

The Fed has "lost control of inflation," the chief economist at investment bank Stifel said in a speech referring to the 1970s, the so-called decade of inflation.

New Record For Bitcoin Lightning Network As Adoption Grows

Bitcoin Lightning Network has recently reached an all-time high, showing how much it has grown since its conception. In addition, the current liquidity amount shows the importance of the network too. The 3,225 BTC currently on the network is a testament to its adoption over the past few months.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 352409.12 TRY

Bitcoin lost a 1,40% value during morning hours; the current price is $56.099. Bitcoin Lightning Network has recently reached an all-time high, showing how much it has grown since its conception. In addition, the current liquidity amount shows the importance of the network too. The 3,225 BTC currently on the network is a testament to its adoption over the past few months.

When we consider the BTC/USDT pair technically, Bitcoin continues to move within the ascending channel that exists as of July 20. Bitcoin, which recently broke the mid-range band downward, also broke its 50-MA downward yesterday. As we mentioned in the bulletin yesterday, it was important to hold above the 50-MA level daily close. Now it seems, the pullbacks may deepen towards the lower band.

RESISTANCES 58.988 / 61.777 / 63.483
SUPPORTS 54.493 / 52.787 / 49.998

BITCOIN [BTC] 352409.12 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24538.69 TRY

Ethereum gained a 1,10% value during morning hours, and the current price is $4040. TIME Magazine will hold ether (ETH) on its balance sheet as part of a partnership with Galaxy Digital focused on metaverse. According to a press release on Thursday, Galaxy Interactive, the entertainment arm of Galaxy Digital, has signed a content sponsorship agreement with TIME Magazine. Together with the partnership, the magazine will launch a new version of the TIME100 companies, including the best global companies and entrepreneurs in the field of the metaverse.

When we consider the ETH/USDT pair technically, ETH, retreated to the $4060-3940 major support level marked with blue, is priced around this zone. ETH also broke the 50MA ($4078) downward. If ETH loses the blue zone and pullbacks deepen, the $3650-3700 band should be followed.

RESISTANCES 4226 / 4405 / 4539
SUPPORTS 3599 / 3778 / 3912

ETHEREUM [ETH] 24538.69 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.44 TRY

AVAX gained a 0,75% value during morning hours, and the current price is $98,79. When we consider the AVAX/USDT pair technically, AVAX, which stands out positively, closed the day below the mid-range band yesterday. MACD still gives a buy signal in the daily chart, DEMA 7-14 intersection too. 
The outlook is positive, but if it continues to drop, AVAX can end its positive divergence.

RESISTANCES 107,35 / 114,88 / 122,56
SUPPORTS 76,93 / 84,46 / 92,14

AVALANCHE [AVAX] 319.44 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.27 TRY

Ripple lost a 0,3% value during morning hours, and the current price is $1,0375. When we consider the XRP/USDT pair technically, XRP moves in the ascending channel as of September 21, broke the lower band ($1,065) and closed the day below this level. There is no question of a recovery in the technical outlook and short-term metrics. The pullbacks toward $0,98 may continue in the short term.

RESISTANCES 1,1080 / 1,1755 / 1,2243
SUPPORTS 0,8754 / 0,9429 / 0,9917

RIPPLE [XRP] 8.27 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 972.99 TRY

LTC gained a 0,50% value during morning hours, and the current price is $205,1. When we consider the LTC/USDT pair technically, LTC, which continues to move within the ascending channel that exists as of July 21, has recently broken the mid-range band. LTC broke the $222,2 level (Fibo'61,80) downward and found support at $200,9 (50-MA) and closed the day above this level. If it loses this level of Fibo'50, LTC can retreat its 200-MA ($182,9).

RESISTANCES 221,60 / 237,20 / 248,82
SUPPORTS 167,16 / 182,76 / 194,38

LITECOIN [LTC] 972.99 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 0,80% value during morning hours, and the current price is $26,71. When we consider the LINK/USDT pair, technically, LINK broke the uptrend on September 21. LINK lost a %9 value and broke the $26,76 level (200-MA) downward. For LINK, which rises above this level again in the morning, it is important to be up 200-MA. There is no recovery in daily and short-term metrics.

RESISTANCES 28,64 / 30,31 / 31,83
SUPPORTS 22,27 / 23,94 / 25,45

BASIC ATTENTION TOKEN [BAT] 5.50 TRY

BAT gained a 0,75% value during morning hours, and the current price is $0,9842. When we consider the BAT/USDT pair technically, BAT broke the uptrend as of October 30 and retreated to $0,9629 (Fibo'50). As we mentioned in the bulletin yesterday, if it loses the $0,9629 level, the 50-MA level ($0,8638) can be followed.

RESISTANCES 1,0613 / 1,1017 / 1,1571
SUPPORTS 0,8697 / 0,9101 / 0,9655

BASIC ATTENTION TOKEN [BAT] 5.50 TRY +7.00 +0.03 VOL 21 BAT

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