DAILY CRYPTOCURRENCY NEWS

Cuba's Central Bank Makes VASP License Official

According to the report published in the Cuban official newspaper, the license to be granted by the Central Bank of Cuba (BCC) for digital asset service providers will be offered to real or legal persons who are both Cuban and foreign. The BCC said that the licenses approved would be valid for one year and could be extended for a second year "given the experimental and new nature of such activities".

Mexican Senate Building Buys Its Own Bitcoin ATM

Despite all the pressures on cryptocurrencies, it continues to be adopted more and more around the world. A Bitcoin ATM was set up in the Senate building in Mexico City with the support of multiple legislators among members of parliament.

More than $500 Million Cryptocurrencies Liquidated This Week

Liquidation in cryptocurrencies came when the Nasdaq technology stock index closed at the lowest level since late 2020. $142 million was liquidated in BTC and $143 million in ETH.

Fitness Blockchain Coming: "Sweat-to-Earn"

A fitness company plans to achieve this with a mobile blockchain game that allows players to run in real life to complete tasks and other challenges to encourage individuals to burn calories by offering them the chance to earn cryptocurrencies. All the players need is a smartphone and running shoes.

21Shares Launches Hybrid Bitcoin and Gold ETP

21Shares, an important issuer of products traded on the cryptocurrency exchange, is launching a new ETP that monitors the BTC and gold blend to ensure inflation protection in collaboration with ByteTree. The new BOLD ETP accounted for 18.5% of the BTC and 81.5% of the gold during the launch.

Central African Republic Accepts Bitcoin as Legal Tender

The presidential office said on Wednesday that the Central African Republic accepts Bitcoin as a legal tender. However, the Central African Republic has taken its place as the second country to accept BTC as a legal currency and to ensure it issued and taxed in regular trade.

Nepal's Telecommunications Authority (NTA) Warns
 

The regulator of Nepal's technology sector, has issued a warning that cryptocurrency activities are illegal. However, the company emphasized that the usage, operation or management of websites, applications and online networks related to cryptocurrency activities within the country is prohibited.

Sky Mavis is a Zero Trust Organization

Sky Mavis, the creator of Axie Infinity and Ronin's side chain, said in a report that they assessed their safety on all fronts. "Our goal is to be a completely unbreakable, zero-confidence organization. Zero trust is a framework that assumes that Sky Mavis is conscious of any risks arising from external and internal threats," they said.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 353388.15 TRY

Bitcoin gained a 0,15% value during morning hours and is priced around $39.431. The Central African Republic accepts Bitcoin as a legal tender, the presidential office said on Wednesday. However, the Central African Republic has taken its place as the second country to accept

BTC as a legal currency and to ensure that it is used and taxed in regular trade. When we consider the BTC/USDT pair technically, it continues its price movement within the existing ascending channel as of January 24. Bitcoin, which could rise above the 50-day moving average ($42,100) last week, is trying to find support in the channel lower line, which has not been able to maintain permanence here. As of yesterday's daily close, $43,000 can be targeted as long as the support in the channel lower line is maintained for BTC, which also received positive divergence approval. Pullbacks up to $36,000 may occur if the channel loses its support.

RESISTANCES 39.829 / 40.357 / 41.065
SUPPORTS 38.593 / 37.885 / 37.357

BITCOIN [BTC] 353388.15 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24402.20 TRY

Ethereum gained a 0,13% value during morning hours and is priced around $2892. Liquidation in cryptocurrencies came when the Nasdaq technology stock index closed at the lowest level since late 2020. $142 million was liquidated in BTC and $143 million in ETH.

When we consider the ETH/USDT pair technically, ETH, which continues its price movement within the rising channel, has recently received a reaction from the level of 3040 dollars (50MA). When we consider the daily metrics, it is expected that the price movement towards the channel lower line will continue since we do not receive any reversal signals.

RESISTANCES 2925 / 2971 / 3022
SUPPORTS 2732 / 2778 / 2829

ETHEREUM [ETH] 24402.20 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 318.38 TRY

AVAX lost a 0,50% value during morning hours and is priced around $69.72. The pullback dominates over AVAX, which has broken the strong uptrend it has tested many times before. When we consider the technical metrics, although there is a recovery in the short term, there is no reversal signal in daily metrics. If the downward price movement continues, the level of $64.45 is read as the first level of support.

RESISTANCES 71,31 / 73,35 / 74,71
SUPPORTS 64,51 / 66,55 / 67,91

AVALANCHE [AVAX] 318.38 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.25 TRY

Ripple lost a 0,50% value during morning hours and is priced around $0.650. When we consider the XRP/USDT pair technically, in XRP, which continues its price movement within the existing horizontal channel as of February, the channel lower line has recently broken downwards and there has been a pullback up to the previous supply-demand zone of 0.64-0.58 dollars. In XRP, which finds demand from these levels, short-term rises can support rises towards the channel lower line.

RESISTANCES 0,6594 / 0,6719 / 0,6807
SUPPORTS 0,6168 / 0,6293 / 0,6381

RIPPLE [XRP] 8.25 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 969.31 TRY

LTC gained a 0,30% value during morning hours and is priced around $100.3. When we consider the LTC/USDT pair technically, there is no major change in the outlook. The LTC, which has a constant reaction from $114.7 in the short term, has recently experienced a pullback to $97.6, a strong level of support that it has tested 5 times before. Although positive pricing is seen in LTC, which has received support from this zone, it can be read as the response increase to yesterday's sharp decline in parallel with the market. When we look at the volume-price relationship, the rises for LTC, which we see that it has not yet found strong support, may be limited to $102. 

RESISTANCES 101,58 / 103,25 / 104,53
SUPPORTS 95,68 / 97,35 / 98,63

LITECOIN [LTC] 969.31 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 1,20% value during morning hours and is priced around $12.62. In LINK, which has made a price movement within the horizontal channel for about 1 year, this horizontal channel has recently been lost downwards. LINK, which still underperforms the downtrend as of November 10th, appers to have found support from a zone close to its previous local dip levels. For LINK, which is likely to experience short-term increases to the first significant resistance level of $13.50, sales pressure will disappear if this level is broken upwards. 

RESISTANCES 12,82 / 13,05 / 13,28
SUPPORTS 11,89 / 12,12 / 12,35

BASIC ATTENTION TOKEN [BAT] 5.48 TRY

BAT lost a 1,10% value during morning hours, and is priced around $0.6630. When we consider the BAT/USDT parity technically, the price movement continues within the horizontal channel that existed as of March 14th. BAT, which has been tested many times before and works as a support and pullbacks to the demand zone marked in blue, appears to have found support when retresting. Although there is no reversal signals in the daily metrics, we think that there is a level of support that will trigger the purchasing appetite of investors since there are levels to be established with a high gain/loss ratio.

RESISTANCES 0,6753 / 0,6898 / 0,7003
SUPPORTS 0,6253 / 0,6398 / 0,6503

BASIC ATTENTION TOKEN [BAT] 5.48 TRY +7.00 +0.03 VOL 21 BAT

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