DAILY CRYPTOCURRENCY NEWS

$ 5 Million Worth of Bitcoin Relocated for First Time Since 2010

It was determined from chain data that more than 100 Bitcoins were transferred between wallets. The aforementioned BTCs moved for the first time since 2010, and BTC was trading at $ 0.08 at that time.

JP Morgan Analysts Find 1% BTC Investment Beneficial

Wall Street banking giant JP Morgan stocks to allocate 1% of the portfolio to Bitcoin for investors; He said it would act as a hedge against fluctuations in traditional asset classes such as bonds and commodities.

Ethereum Optimism Update May Come in March

The scalability issue and high transaction fees in the Ethereum network continue to be a problem for Ethereum. However, the 2000 transaction per second capacity Optimism offers can greatly reduce the network problem. The update is expected to arrive in March.

177-Year-Old Swiss Bank to Offer Cryptocurrency Service

Bordier & Cie SCmA, a Swiss bank founded in 1844, announced in its press release today that it will provide cryptocurrency trading services. "We have seen an increasing demand from our customers to diversify alternative asset classes such as digital assets," Bordier's managing partner said in a statement on the subject. said.

Opera Browser Launches Crypto Trading

Opera web browser users will be provided with cryptocurrency purchases directly from the application, thanks to the partnership established by the company. Standing out with its focus on privacy, Opera is currently the fifth most used internet browser in the world.

Chainlink Announces Biggest Update of All Time

Chainlink is launching Off-Chain Reporting, a scalability upgrade to make more data available on the chain. This update will open Chainlink to applications beyond the price streams for which it is famous, and will also provide many other uses.

Grayscale Receives 15 Thousand ETH in One Day from Bottom Prices

With the Ethereum price dropping from $ 2000 and falling to the 1400s, Grayscale purchases accelerated and more than 15,000 Ethereum purchases were made in one day. On the other hand, demand for ETH futures in CME continues unabated.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 372942.28 TRY

The increase in bond interest rates, which started with 10-year bonds in the USA and jumped to Japan, cannot be prevented. The pressure on interest rates is suppressing even the safe haven gold, which has no other income than indices, cryptocurrencies and value return. Bitcoin is trading at $ 45,700 this morning, down 3%. We see that whale accounts concentrate on buying Bitcoin and $ 5 million worth of BTC is transferred between accounts. Tier purchases were also tight in the previous day $ 44,800 trials. However, while the amount of BTC transferred from exchanges to wallets increased, the Grayscale fund bought BTC yesterday. In addition, the GBTC fund's premium risk has dropped to negative for the first time in its history. This situation can trigger buyers by putting BTC to the forefront of being discounted.

When we look at BTC / USD technically, we see reaction purchases on the hourly chart at $ 45,500. As long as it does not drop below the $ 45,500 level, it will confirm the double bottom. Due to the fact that monthly volatility is 85%, the "zigzag" movements in daily transactions direct investors to transactions at a shorter distance. Trading at volatility requires a little more agility. The outlook is volatile and the horizontal trading strategy continues.

RESISTANCES 50.279 / 54.124 / 56.263
SUPPORTS 44.295 / 42.156 / 38.311

BITCOIN [BTC] 372942.28 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 25243.92 TRY

Ethereum took its decline to 2.5% in line with market movements. We were talking about transaction fees and network density in general, and we were talking that ETH, including as the market goes up, could diverge negatively in this case. Two fork updates are coming in March where these problems can be solved with the "Optimism" application. Although there was a small amount of outflow in the Grayscale ETH fund yesterday, in general, ETH purchases of institutions continue.

When we take the ETH / USD pair technically, the "pullback" happened twice and ETH, which could not return to the old bullish channel, touched the line and retracted. While the $ 1450 region is the region where sales are consolidated in the withdrawals, we are watching the reactions towards the $ 1570 levels. Although there is a general selling pressure caused by the market movement, buyers step in during the withdrawals, keeping expectations for ETH alive in terms of projection. The technical outlook is generally horizontal and volatile.

RESISTANCES 1610 / 1749 / 1829
SUPPORTS 1392 / 1313 / 1174

ETHEREUM [ETH] 25243.92 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 318.27 TRY

The AVAX / USD pair is trading at $ 26.30, with a 1.3% retracement this morning. The coins on the DeFi sector, which increase the market value and increase user interest day by day, thus successfully increase their pricing on the stock exchanges. The previous day, the coin called Fantom and AVAX announced their cooperation, and Fantom ranks 49th in terms of market value, and is among the DeFi projects. Thanks to this collaboration, we can say that the developers of AVAX have drawn a forward-looking portrait of trust in the eyes of investors. Within the scope of the project, it is planned to create two block chains linked with multiple chains.

When the AVAX / USD parity is analyzed technically, it is seen that the declining channel that started to form on February 10 continues and weakens the parity. Still, we are close to the $ 25.00 strong support zone, and earlier reactions brought 30% gains with it. If there is a similar reaction, the situation of exceeding the $ 32.60 level and leaving the bearish channel may be on the agenda again. But this is also the 23.60% zone of the Fibonacci retracement and serves as strong resistance. The view is yet horizontal.

RESISTANCES 29,8571 / 33,1182 / 35,0939
SUPPORTS 24,6203 / 22,6446 / 19,3835

AVALANCHE [AVAX] 318.27 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 9.03 TRY

The XRP / USD pair retraces 1.5% this morning, pricing at $ 0.43. At the beginning of the week, the desire to move away from the volatile assets that dominate the entire crypto money market or to make a short distance profit caused the investor to apply the strategy of take profit in the short term, wait for a purchase, and we saw sales based on cryptocurrencies in the market. Ripple has survived this period strongly and did not differentiate negatively from other cryptocurrencies without seeing extra selling pressures due to the lawsuit with the SEC. For this reason, we can say that the effect of the litigation process on Ripple has been alleviated, and we can expect XRP to keep up with the market in the next period.

When looking at the XRP / USD pair from a technical point of view, it is seen that pricing has retreated, unable to stabilize here, as the $ 0.47 level in the Fibo'38.20 correction has become a resistance zone. As we mentioned in our bulletin yesterday, this zone is also the breakdown zone of the reverse pennant formation. This signaled that if the breakdown was downward, the sales trend would accelerate, and then a 13% decline was observed. The reverse pennant points to $ 0.30 levels, but this is the point where the uptrend since January has passed. For this reason, withdrawals turn into gradual purchases. On the other hand, the $ 0.43 Fibonacci retracement can be expected to be a critical support level of 23.60% and the chances of reaction to arise above this level.

RESISTANCES 0,4682 / 0,5080 / 0,5361
SUPPORTS 0,4003 / 0,3722 / 0,3324

RIPPLE [XRP] 9.03 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 995.19 TRY

Although Litecoin is sold 10 points more weekly than BTC, it is expected that the last update code of the MimbleWimble update will be completed by March 15. For this reason, it supports our expectations in the upcoming processes for LTC, which is an expected development in its projection.

When we consider LTC / USD technically, Litecoin, which we discuss in the weekly period, continues to target $ 270. Although the decline in the market has postponed the expectations, our major support point of $ 150 in retractions and staying above this point also maintains the target expectations in our technical projection. In terms of outlook, we cannot see a clear recovery for now, although the reactions try to complete above $ 170. The outlook is volatile and horizontal as of morning hours.

RESISTANCES 194,13 / 217,28 / 229,56
SUPPORTS 158,70 / 146,42 / 123,27

LITECOIN [LTC] 995.19 TRY +7.00 +0.03 VOL 21 LTC

The LINK / USD pair fell 1.5% this morning to $ 24.30. The update announced the previous day was a very successful step on the LINK side because the number of smart contracts on the network is breaking another record every day and we do not want the Ethereum scenario to happen on the LINK side. However, with this update, it is promised that transactions in the Chainlink network will accelerate ten times and will appeal to wider areas of use. Although we have not yet seen the positive reflection of this on the parity, we attribute the reason for now to the decrease in risk appetite in global indices and worldwide. However, in the future, it is possible to witness that the demand is more concentrated on LINK than it is.

When the LINK / USD parity is considered technically, it is seen that the pricing has lost more than 15% in a few candles of 4 hours, but it is known that these losses are quickly compensated considering the monthly (20%) and annual returns (860%) of LINK. The pair is located at $ 24.70 on the Fibo'23.60 zone, which is a strong support level. Upward reactions from here may bring the levels of $ 28.90 to the agenda. On the other hand, the pair is signaling a double bottom formation and this level will also be the region where the double bottom pattern will confirm. Thus, more favorable pricing may be possible for LINK.

RESISTANCES 27,54 / 30,47 / 32,21
SUPPORTS 22,87 / 21,13 / 18,20

BASIC ATTENTION TOKEN [BAT] 5.63 TRY

Basic Attention Token is one of the coins that came to the fore with the BAT fund that Grayscale will buy into its own body. It is almost 40% below its February 12 record of $ 0.71. While we think the Grayscale news is priced for BAT and record highs in the pair, implementing this action could quickly increase BAT-oriented institutional interest.

If we consider the BAT / USD pair technically, it seems that pricing is above the $ 0.45 support. The dual correction combination consisting of the Fibo fan curves after the $ 0.39 dip in the decline from the record level works well. Therefore, the 10-point zone between the fan slopes and 0.42 support works horizontally. However, since the 0.5450 zone, which is the 50% zone, has not been passed, we cannot say that the correction is over for now. The look is horizontal but playful.

RESISTANCES 0,5138 / 0,5674 / 0,5954
SUPPORTS 0,4322 / 0,4042 / 0,3506

BASIC ATTENTION TOKEN [BAT] 5.63 TRY +7.00 +0.03 VOL 21 BAT

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