DAILY CRYPTOCURRENCY NEWS

Ethereum Beacon Chain Exceeds 300,000 Validators, Locked in Ether Deposits Over $28 Billion

More than 300,000 Ethereum 2.0 validators got the Ethereum protocol a new milestone. At the time of writing, the Ethereum 2.0 contract has over 9.6 million Ether deposited worth more than $28.4 billion.

CME Group to Offer Micro Bitcoin and Ethereum Options

CME is expected to launch micro Bitcoin and Ethereum options on the 28th of this month. These micro options aim to open up the market to participants who prefer a much smaller sizing. CME already has micro Bitcoin and Ethereum futures contracts available for investment.

EU Lawmakers Drop Bitcoin 'Ban' From Draft of Crypto Regulations

The European Union (EU) has backed down from its controversial plan to ban the energy-consuming proof-of-work consensus algorithm, according to a report by the German news agency BTC-ECHO. As reported by the U.Today, a change has recently been added to the draft of the Markets in Crypto Assets (MiCA) framework that prohibits businesses from dealing with Bitcoin. Starting in 2025, it would restrict the usage of the “environmentally unsustainable” cryptocurrency.

Polkadot Founder Gavin Wood Donates $5 Million in DOT to Ukraine

Polkadot founder Gavin Wood recently donated $5 million worth of DOT to support Ukraine's defense against Russian military aggression.  The founder promised to provide the funds so long as Ukraine provided a DOT address publicly, which it now has.

Bitcoin Whale Addresses Reach 10 Month-High

Large Bitcoin investors, who hold at least 100 and 1,000 BTC in a single wallet, have once again started to accumulate large amounts of money. At the same time, the so-called accumulation wallets – meaning those who were active lately but have not spent any BTC – recorded another all-time high.

Bitcoin Exchange Reserve Hits the Lowest Value in More Than 3.5 Years

According to CryptoQuant, the Bitcoin reserve has reached the lowest level in 3.5 years. This development shows that current market participants are strong hodlers and will likely continue to HOLD.

Fantom Surpasses Ethereum in Daily Trading Volume
According to CoinGecko, Fantom began to make more daily volumes than Ethereum, which is now ranked 2nd in terms of market cap. Fantom's market cap stands at $4.7 billion compared to Ethereum's cap of $350 billion.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 351458.73 TRY

Bitcoin gained a 0,40% value during morning hours and is priced around $43.270. Large Bitcoin investors, who hold at least 100 and 1,000 BTC in a single wallet, have once again started to accumulate large amounts of money. At the same time, the so-called accumulation wallets – meaning those who were active lately but have not spent any BTC – recorded another all-time high.

When we consider the BTC/USDT pair technically, BTC soared after receiving positive news flow. In BTC, which broke the resistance zone and descending trend in the 39.000-40.500 band upwards, the rally of the last period was experienced on Monday with a gain of approximately 15 percent. With the buy signal coming from the DEMA 7-14 intersection, we expect the rises in BTC to continue in the coming period. Although the momentum is slowing down, the closest resistance level for BTC, which continues to rise, is 44.700-45.000. If this region can be exceeded, the price movement towards the level of $51,000 can continue.

RESISTANCES 45.177 / 46.140 / 47.333
SUPPORTS 43.021 / 41.828 / 40.865

BITCOIN [BTC] 351458.73 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24476.01 TRY

Ethereum lost a 0,10% value during morning hours and is priced around $2914. More than 300,000 Ethereum 2.0 validators got the Ethereum protocol a new milestone. At the time of writing, the Ethereum 2.0 contract has over 9.6 million Ether deposited worth more than $28.4 billion.

When we consider the ETH/USDT pair technically, ETH, which had retreated to $2300, recovered well with BTC . ETH, which broke both the short-term resistance zone at $2810-2836 and the level of $2865 (50MA), surged over $3000. If the trend is maintained for ETH, which broke the short-term downward trend this morning, we expect the rises to continue towards the level of $3185.

RESISTANCES 3076 / 3153 / 3265
SUPPORTS 2697 / 2774 / 2886

ETHEREUM [ETH] 24476.01 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.89 TRY

AVAX gained a 3,90% value during morning hours and is priced around $87,23. When we consider the AVAX/USDT pair technically, AVAX, which is holding onto the support zone marked in blue despite the pullbacks on Sunday, broke both its 50MA and its major descending trend, which it has tested many times recently. We expect the rises to continue towards the $95 level for AVAX, which has a bullish engulfing candle formation.

RESISTANCES 90,98 / 94,55 / 98,30
SUPPORTS 76,34 / 79,91 / 83,66

AVALANCHE [AVAX] 316.89 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.18 TRY

Ripple lost 0,60% value during morning hours and the current price is $0,7752. When we consider the XRP/USDT pair technically, XRP could hold above the support level at $0,7121 despite the market crash of last week. But it could not break the short-term descending trend even though Bitcoin surged. If the level of $0.7920 is broken to upside, the level of $0.9587 (200MA) can be targeted.

RESISTANCES 0,7981 / 0,8247 / 0,8453
SUPPORTS 0,7037 / 0,7303 / 0,7509

RIPPLE [XRP] 8.18 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 972.73 TRY

LTC lost a 0,60% value during morning hours and is priced around $112.9. When we consider the LTC/USDT pair technically, there is no major change in the outlook. When we consider the LTC/USDT pair technically, LTC retested the $113.1 resistance level on Saturday. After facing resistance from this level, it broke the support level at $104.9. With the positive trend throughout the market, price movement continues under the major descending trend in LTC, which had broken the resistances at both $104.9 and $ 113.1 upwards. If the $121 level, which corresponds to the downtrend and its 50MA, is broken to upside, there may be a rise towards the $145 level.

RESISTANCES 118,66 / 124,57 / 131,14
SUPPORTS 93,70 / 99,61 / 106,18

LITECOIN [LTC] 972.73 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 0,40% value during morning hours and is priced around $15,02. When we consider the LINK/USDT pair technically, LINK has price action inside the ascending channel as of May 26 and ignited a spike with the positive divergence RSI on the daily chart. So LINK broke the descending trend, which has been tested 4 times before. If it gains enough momentum, it may rise to its previous short peak level of $19.40. In the fall scenario, the channel lower line should be followed.

RESISTANCES 15,98 / 16,51 / 17,30
SUPPORTS 13,34 / 13,86 / 14,66

BASIC ATTENTION TOKEN [BAT] 5.53 TRY

BAT gained a 0,90% value during morning hours and is priced around $0.744. When we consider the BAT/USDT pair technically, BAT continues price action below the downtrend on November 28. BAT retested the trend this morning. BAT needs a momentum to break the 50MA level, because the breakout could not occur. But it has not faced with a sharp reaction.

RESISTANCES 0,7701 / 0,7882 / 0,8098
SUPPORTS 0,6907 / 0,7088 / 0,7304

BASIC ATTENTION TOKEN [BAT] 5.53 TRY +7.00 +0.03 VOL 21 BAT

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