DAILY CRYPTOCURRENCY NEWS

Cryptocurrency Statement from Grayscale CEO

Michael Sonnenshein, CEO of Grayscale, a crypto asset manager, shared his ideas about the recent fall in prices. In his statement, he stated that such declines in the crypto world are nothing new and that investors see this decline as an opportunity.

Record Spending in the Metaverse
The largest virtual land sale in the history of the Metaverse took place. Curzio Research has made a $5 million acquisition of TCG World. This expenditure was the largest virtual land purchase in history. The previous record was the $4.3 million purchase at Sandbox.
 

Georgian Prime Minister Meets with Ripple CEO

The meeting of Ripple CEO Brad Garlinghouse and Georgian Prime Minister Irakli Garibashvili, who met at the 2022 World Economic Forum held in Davos, was also shared on official social accounts. Rumor has it that Garibashvili offered Garlinghouse to open a corporate service center in Georgia.

Cryptocurrency Initiative from the Central African Republic

There was another development related to crypto coins in the Central African Republic, which officially accepted crypto assets about a month ago. According to the announcement made from the official social media accounts, the project announced that a cryptocurrency  center and cryptocurrency wallet will be developed under the name Sango.

Cryptocurrency Statement from the European Central Bank

According to the research, the European Central Bank announced that one out of every ten household households in the European region owns crypto assets.

 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 349972.10 TRY

While the recession pricing continues in the markets, the effort to find support at the level of 28,500 in BTC continues. Despite the selling pressure in risky assets in global markets, we saw that the selling pressure spread after the rise in the VIX in the middle of the day despite the reaction purchases in the morning hours of the past day in crypto assets. The fact that the amount of money parked in the Fed's overnight reverse repo market reached a record $2045 trillion shows that investors' risk perception is low and the search for direction continues.

Today, we see that Bitcoin, which has gained 1.55% as of the morning hours, is priced at $ 30,114. The critical support for BTC/USDT appears to be the 28,600 level. This level is the lower band of the 50-week rectangular formation. As can be seen on the chart, it is very important that this level is not lost in the weekly candles. Breaking above the $30,700 levels on the daily chart will break the tightened rectangular pattern to the upside.

RESISTANCES 30.541 / 31.120 / 32.041
SUPPORTS 29.041 / 28.120 / 27.541

BITCOIN [BTC] 349972.10 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24232.55 TRY

As of the morning hours, we see that the 8-day average has been tested in ETH, where we see the effort to find support above $ 2000 again. Further tightening messages from Fed members are limiting the recovery in risky assets.

Today, we see that the ETH/USDT pair, which has gained 1.34% as of the morning hours, is priced in at 2006 USD. Technically, we can say that it has found support from the lower band of the 50-week rectangular formation, the 1750-1800 levels. We will be following the upward break of the rectangular pattern seen on the 4-hour chart.

RESISTANCES 2035 / 2080 / 2140
SUPPORTS 1825 / 1870 / 1930

ETHEREUM [ETH] 24232.55 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.96 TRY

AVAX, which gained 0.21% as of the morning hours, is priced at $ 29.13. When we look at the 4-hour chart, there is a rectangular formation at the bottom after the decline. If the $32 level, which is the resistance of the formation, breaks, the next target seems to be around $35.

RESISTANCES 29,91 / 31,20 / 32,72
SUPPORTS 24,29 / 25,58 / 27,10

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

RIPPLE [XRP] 8.15 TRY

XRP, which gained 0.41% as of the morning hours, is priced at $ 0.4104. When we examine the XRP/USDT pair in technical terms, we see that the rising trend level starting from March 15, 2020 has been tested. We can say that the 0.42 USD levels shown by this upward trend are maintained on the weekly chart, so the major upward trend is still continuing. When we look at the 4-hour chart, the symmetrical triangle formation stands out. The recovery of risk appetite on the global side will trigger an upward break in this pattern.

RESISTANCES 0,4183 / 0,4277 / 0,4413
SUPPORTS 0,3723 / 0,3817 / 0,3953

RIPPLE [XRP] 8.15 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 962.02 TRY

LTC is pricing in at $70.7, up 0.71% as of the morning hours. When you look at the 4-hour chart, after the decline, we will be following the rising channel at the bottom.

RESISTANCES 72,29 / 74,10 / 76,64
SUPPORTS 63,59 / 65,40 / 67,94

LITECOIN [LTC] 962.02 TRY +7.00 +0.03 VOL 21 LTC

LINK, which gained 0.41% as of the morning hours, is priced at $ 7.27. When we examine the LINK/USDT pair in technical terms, there is a return from the rising channel bottom seen on the 4-hour chart, we have seen the mid-channel level of 7.35 that we mentioned yesterday, and if the movement continues, 7.75 levels can be seen.

RESISTANCES 07,50 / 07,76 / 08,13
SUPPORTS 06,24 / 06,50 / 06,87

BASIC ATTENTION TOKEN [BAT] 5.45 TRY

BAT is priced at $0.3902, down 1.27% as of morning hours. For those looking for intraday trading, there is a small TOBO-like formation on the 1-hour chart. If the 0.3982 level is broken, 0.42 levels can be targeted.

RESISTANCES 0,4012 / 0,4162 / 0,4315
SUPPORTS 0,3406 / 0,3556 / 0,3709

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

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