DAILY CRYPTOCURRENCY NEWS

EA Wants to Explore Blockchain and NFT

EA Sports, a division of video game giant Electronic Arts, is looking for a high-end brand executive with knowledge of cryptocurrency, according to a recent job ad on LinkedIn.

Binance Incapable of Effective Oversight, According to British Regulators

The UK's Financial Control Authority (FCA) has issued an audit notice stating that the crypto exchange Binance cannot be effectively audited and exposes users to financial risk.

Grayscale's Bitcoin Assets Exceed $31 Billion

Grayscale, the world's largest digital asset management firm, said the company owns more than $31 billion in Bitcoin, driven by an increase in the overall value of cryptocurrency assets under management following the recent rally in Bitcoin and Ethereum. Grayscale's digital assets under management are now worth about $43 billion.

Spain Tightens Regulations for Crypto Exchanges and Storage Platforms

In the next few days, the Bank of Spain is expected to announce new regulatory requirements for cryptocurrency exchanges and digital asset storage platforms operating within the country.

Indian Cryptocurrency Experts Recommend Regulating Industry as Commodities

India's blockchain and cryptocurrency experts have advised the finance ministry that cryptocurrencies should be seen as commodities.

Simon Nixon Plans to Increase Investment in Cryptocurrency Assets

British entrepreneur Simon Nixon, who has a net worth of $1.2 billion in the tech sector, plans to increase his investments in crypto assets, Bloomberg reported.

Big Hotel in Swiss Alps Now Accepts Cryptocurrency Payments

After four years of controversy, a five-star hotel in the upscale region of the Swiss Alps is set to accept Bitcoin and Ether as payment from guests.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 349972.10 TRY

Bitcoin, which lost about 0.32 percent in the morning, is priced at $46,859. Grayscale, the world's largest digital asset management firm, said the company owns more than $31 billion in Bitcoin, driven by an increase in the overall value of cryptocurrency assets under management following the recent rally in Bitcoin and Ethereum. Grayscale's digital assets under management are now worth about $43 billion. Today at 17:00 GMT, Fed President Jackson Hole will speak at the Symposium. All markets, including the cryptocurrency market, are focused on the signals coming from here.

When we consider BTC/USDT parity technically, BTC continued to move prices within the existing rising channel as of July 20, breaking the $47,600 level that corresponded to the channel sub-band yesterday. BTC continues to move horizontally above the 200-day average of $46,020, the 200-day moving average breaks downwards, and if the daily close occurs below this level, the correction movement may deepen.

RESISTANCES 47.757 / 48.710 / 49.389
SUPPORTS 46.125 / 45.446 / 44.493

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

ETHEREUM [ETH] 24232.55 TRY

Ethereum, which lost about 0.25 percent in the morning, is priced at $3090.95. Looking at the total amount of ETH burned after the London hard fork, it is seen that there were more than 100,000 ETH of burning. That's ETH, which is valued at more than $310 million. Despite the positive news flow and chain data, ETH price, which is struggling to find demand, is experiencing a pullback.

When we consider the ETH/USDT parity in technical terms, there is a rising minor trend in ETH, which has a horizontal price movement in the band of $3350 to $3000 in a period of about 3 weeks, as of August 9th. Priced at levels close to trend support, the 2900-2950 band is read as the next important level of support if it breaks this trend downwards. The net breakdown of the $3500-$3000 band will determine the direction of the next major price movement.

RESISTANCES 3152 / 3218 / 3266
SUPPORTS 2924 / 2990 / 3038

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

AVALANCHE [AVAX] 316.96 TRY

AVAX, which gained about 4.2 percent in the morning, is priced at $43.43. AVAX, which is positively divergent in the morning according to the market as a whole, does not expect the continuation of positive divergence if the morning market conditions continue throughout the day. When we examined the AVAX/USDT parity technically, AVAX, which made its investors happy with sharp rises, entered the correction period because it could not create enough demand. AVAX, which has seen above-average profit sales for the past 2 days, has retreated about 32 percent from its peak level. Withdrawals for the AVAX can be expected to deepen towards the $34-$37 band.

RESISTANCES 46,65 / 51,06 / 54,23
SUPPORTS 31,49 / 35,90 / 39,07

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

RIPPLE [XRP] 8.15 TRY

Ripple, which lost about 0.16 percent in the morning, is priced at $1.0706. When we consider the XRP/USDT pair in technical terms, XRP, which is followed by a horizontal price movement as of August 15th, is priced close to the important support area. As we noted in the bulletin yesterday, it held at $1.06, which we see as the first level of support for withdrawals. If the $1.06 level is lost downwards, the lower major trend, which passed the April 14 and May 18 peak levels, could be rejected at $0.92.
 

RESISTANCES 1,1246 / 1,1842 / 1,2205
SUPPORTS 0,9328 / 0,9924 / 1,0287

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

LITECOIN [LTC] 962.02 TRY

LTC, which lost about 0.51 percent in the morning, is priced at $167.4. When we consider the LTC/USDT pair technically, LTC, which closed yesterday above the level of $166, which corresponds to Fibo'23.60, found support from the same level this morning. When we look at the trading volumes, we see that it does not find a clear support. It continues to sell MACD in the daily period. The next short-term support for LTC is $160, but deep corrections for LTC read the $150 level, which corresponds to the 50-day average, as well as Fibo'38.20.

RESISTANCES 170,63 / 175,51 / 178,15
SUPPORTS 155,59 / 160,47 / 163,11

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

LINK, which lost about 1.01 percent in the morning, is priced at $24.22. When we examined the LINK/USDT parity technically, there was no upward breakdown with the retesti of $26.67 and with the reaction from this resistance level, LINK fell sharply yesterday. The 7-day DEMA and the 14-day DEMA sell signal remains continuous. We believe that the pullbacks for LINK, whose short-term trend appears to be downward, could deepen to the $22 levels that come down to the 50-day moving average.

RESISTANCES 25,37 / 26,67 / 27,48
SUPPORTS 21,15 / 22,45 / 23,26

BASIC ATTENTION TOKEN [BAT] 5.45 TRY

BAT, which lost about 2.6 percent in the morning, is priced at $0.775. When we consider BAT/USDT parity in technical terms, BAT continues its retreat, breaking its existing rising trend and 200-day moving average from $0.82 yesterday and closing below these levels daily. The first support area to follow for this price movement, which we expect to deepen further, is the level of $0.735. A fragmented buying strategy can be pursued against withdrawals up to the support level in the $0.68-$0.70 band.
 

RESISTANCES 0,8459 / 0,9268 / 0,9701
SUPPORTS 0,5975 / 0,6784 / 0,7217

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

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