DAILY CRYPTOCURRENCY NEWS

El Salvador Buys More Bitcoin — Country Now Holds Seven Hundred BTC

El Salvador, the country that made Bitcoin legal tender alongside the U.S. dollar, has purchased more Bitcoin. The Salvadoran government now holds 700 Bitcoin, according to President Nayib Bukele.

Coinbase Halts Plans for Crypto Lending Product After SEC Lawsuit Threat

Cryptocurrency exchange Coinbase has canceled plans to launch Lend, a product designed to deliver high-interest returns on USDC stablecoin assets.

BBA Pushes For Crypto Regulatory Clarity in Massachusetts

The Boston Blockchain Association, or BBA, together with Boston-based media house Media Shower and the Chamber of Digital Commerce, are working to lobby for favorable crypto regulations in Massachusetts.

Brazilian Investment Bank to Offer Bitcoin and ETH

Brazil’s biggest investment bank, BTG Pactual is launching direct Bitcoin and Ethereum buying and selling through a new platform called Mynt.

Citibank: Crypto Assets Have Sparked a New Thinking in Payment Infrastructure

Citibank described in a recent report that offers a blueprint for organizations considering crypto payments that digital currencies are primarily redefining the entire payments ecosystem and the cryptocurrency units are growing utilities.

Thai SEC Issues License to Ethereum-Based Real Estate Project
Fraction has received a license allowing it to list and trade tokens for fractional ownership of physical or digital assets.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 349972.10 TRY

Bitcoin lost 1,25% value during morning hours; the current price is $42.458. Due to the financial problems encountered by Evergrande, one of the limited companies in China and the world, sales pressure remains on every global market. At the same time, there is also a market-wide tension due to the oncoming news flow of the Federal Open Market Committee (FOMC) meetings on September 21 and 22. El Salvador, which sees the pullbacks as an opportunity, has announced that the country purchased 150 Bitcoin.

When we consider the BTC/USDT parity in technical terms, all markets opened with sales yesterday. BTC, which is affected by this situation, had sales with an above-average trading volume. Alongside the sales, BTC, which made its daily close below these levels by breaking the 50-and 200-day averages downwards, fell to $40,200 by the drops of this morning. In the daily chart, the MACD continues to give a selling signal. Bitcoin continues to find a new support zone.

RESISTANCES 45.367 / 48.390 / 50.924
SUPPORTS 39.810 / 37.276 / 34.253

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

ETHEREUM [ETH] 24232.55 TRY

Ethereum, which has a horizontal price movement in the morning, is priced at $2980.83. Brazil’s biggest investment bank, BTG Pactual has announced that they launch direct Bitcoin and Ethereum buying and selling through a new platform called Mynt. By the positive progress in parallel with new money flow, ETH investor focuses on the data of this week.

When we consider the ETH/USDT parity in technical terms, alongside the sharp drops of yesterday ETH broke the $3288 level downward, which coincided with the 50-day moving average, and retreated to the $2901 level, which coincided with the Fibo'6180 tranche. The crypto market experienced a second wave of sharp selling following this morning; although ETH dropped to below $2901, it has risen again. If ETH falls Fibo'61,80 tranche and remains below, it can retreat to Fibo'50 tranche and at the same time; to the $2621 level found at 200- day moving average.

RESISTANCES 3197 / 3417 / 3612
SUPPORTS 2365 / 2585 / 2781

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

AVALANCHE [AVAX] 316.96 TRY

AVAX lost 1,85% value during morning hours, and the current price is $56,59. When we consider the AVAX/USDT parity in technical terms, AVAX gives a selling signal in the 4-hour MACD chart. As we mentioned in yesterday’s bulletin, there was a double bottom formation, and AVAX retreated to the $57 level which targets the double bottom. As of this morning, AVAX finds support at $54,88 matching the Fibo’61,80 tranche. AVAX can retreat to the $50 level if it falls below the level in the 4-hour close.
 

RESISTANCES 64,64 / 73,26 / 79,30
SUPPORTS 35,32 / 43,94 / 49,98

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

RIPPLE [XRP] 8.15 TRY

Ripple lost 1,35% value during morning hours; the current price is $0.9340. When we consider the XRP/USDT parity in technical terms, XRP broke the essential support zones downwards yesterday and fell to the $8543 level, which matches the Fibo'50 tranche. XRP, which also broke the $0,9415 level found at the 200-day moving average yesterday, retest this level today. If XRP cannot go up and remain above again, it is not possible to say the pullbacks for XRP are over.

RESISTANCES 0,9921 / 1,0534 / 1,1144
SUPPORTS 0,7475 / 0,8088 / 0,8698

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

LITECOIN [LTC] 962.02 TRY

LTC lost a 0,50% value during morning hours; the current price is $157,7. When we consider the LTC/USDT parity in technical terms, as we mentioned in previous bulletins, the decisive price movement for LTC would come with a break of the 50-or 200-day average. As LTC broke the 200-day moving average downwards yesterday, it brought the sharp sales together and it dropped around $155.4, which coincided with the Fibo'50 tranche. LTC found support at this level yesterday evening and also today. If it loses the support and goes down, the $141,3 level emerges as the next support.

RESISTANCES 166,21 / 176,10 / 184,20
SUPPORTS 130,23 / 140,12 / 148,22

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

LINK lost 2,05% value during morning hours, and the current price is $23,10. When we consider the LINK/USDT parity in technical terms, LINK, which broke the daily moving average (27.10) and at the same time broke another important support zone around 24,2-24,8 downwards, made daily close below these levels and found support at $22,05 equivalent to the Fibo'50 tranche. In the daily chart, the selling signal of stochastic continues in the oversold condition. LINK recovery is not on the table according to the short-term metrics.

RESISTANCES 25,43 / 27,96 / 29,68
SUPPORTS 16,95 / 19,48 / 21,19

BASIC ATTENTION TOKEN [BAT] 5.45 TRY

BAT lost a 0,65% value during morning hours, and the current price is $0,6478. Considering the BAT/USDT parity in a technical sense, there is no recovery in the MACD, which continues to the selling signal in the 4-hour chart. BAT, which broke $0.6715 downwards, matching the Fibo'50 zone, closed the day below this level driven by the sharp drops. The BAT, which experienced a new selling pressure this morning, fell as low as $0.610. BAT continues to search for the next support.

RESISTANCES 0,6920 / 0,7393 / 0,7776
SUPPORTS 0,5208 / 0,5681 / 0,6064

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

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