DAILY CRYPTOCURRENCY NEWS

Ethereum Foundation Cashed Out A Large Sum Of ETH At The Peak

The Ethereum Foundation, a non-profit organization dedicated to supporting the Ethereum blockchain and its ecosystem, allegedly cashed out a large amount of ETH at the peak of November. The findings were revealed by a widely followed cryptocurrency investor and technical analyst who has been studying the foundation's historical account data.

World's Largest Asset Manager Files For the BlackRock Blockchain Technology ETF

BlackRock, a New York-based multinational investment management company, has filed an application with the Securities and Exchange Commission for a blockchain technology exchange-traded fund (ETF). The Ishares blockchain technology ETF aims to track the Intercontinental Exchange (ICE) index, called the Factset Global Blockchain Technologies Index.

El Salvador Buys 410 Bitcoin As BTC Plunges to Lowest Level in Recent Months

El Salvador bought BTC when the price of Bitcoin fell to a record low. President Nayib Bukele announced on Friday that his country had purchased 410 more Bitcoins. The Salvadoran government has purchased a total of 1,801 Bitcoins since the cryptocurrency was made legal tender in the country.

Cash App Offers Bitcoin's Lightning Network Support For Customers in the United States

Block (formerly Square), of which Jack Dorsey is the CEO, announced the integration of the Lightning Network into the popular Cash Application. According to a report by TechCrunch, Block's Cash App has integrated the Lightning Network to allow US-based users to send Bitcoin to anyone in the world for free. The report claims that the Cash App quietly rolled out the feature for certain customers before the official announcement. The company said the new feature is expected to be completed "in the coming weeks," and will allow all U.S. Cash App customers to access the Lightning Network.

Union Bank of the Philippines Plans to Offer Crypto Trading and Custodial Services

The Union Bank of the Philippines plans to provide trading and custody services for cryptocurrencies to take advantage of the rapid adoption of digital tokens in the Asian country. The average Filipino investor will hold between 3% and 5% of their personal assets in digital assets such as Bitcoin within five years, assuming the markets are "stable," said Cathy Casas, the Bank's President.

Over $1,142,000,000 In Crypto Liquidated In Just 24 Hours

Crypto futures trading information platform Coinglass says that over a billion dollars worth of crypto has been liquidated over the past 24 hours as Bitcoin (BTC) now trades below $40,000. According to Coinglass liquidation data, more than 213,000 investors with a total value of more than $1.14 billion have been liquidated in the last day.

Twitter Hires Senior Product Manager For Crypto

Social media giant Twitter wants to hire a senior project manager for crypto. The firm has opened an ad to recruit a person with the appropriate qualifications to join Twitter Crypto, a new team that will explore integrating the blockchain. Twitter is also exploring new lines of business for ongoing cryptocurrency integration.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359040.04 TRY

Bitcoin lost a 3,23% value during morning hours; the current price is $35.195. El Salvador bought BTC when the price of Bitcoin fell to a record low. President Nayib Bukele announced on Friday that his country had purchased 410 more Bitcoins. The Salvadoran government has purchased a total of 1,801 Bitcoins since the cryptocurrency was made legal tender in the country.

When we consider the BTC/USDT pair technically, BTC continues price action below the downtrend on November 10. It faced resistance from the downtrend on January 20 and plunged to $34,000. So, we cannot talk about a reversal signal in the daily chart, despite a recovery in the 4-hour. As a correction, an increase up to $38,000 might occur.

RESISTANCES 36.025 / 36.680 / 37.155
SUPPORTS 34.895 / 34.420 / 33.765

BITCOIN [BTC] 359040.04 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24628.48 TRY

Ethereum lost a 4,15% value during morning hours, and the current price is $2437. The Ethereum Foundation, a non-profit organization dedicated to supporting the Ethereum blockchain and its ecosystem, allegedly cashed out a large amount of ETH at the peak of November. The findings were revealed by a widely followed cryptocurrency investor and technical analyst who has been studying the foundation's historical account data.

When we consider the ETH/USDT pair technically, ETH could not hold onto the uptrend as of August. ETH broke the support level at $2985 and plunged to $2300. Although there is no clear reversal signal in the daily chart for ETH, which needs a support near this region, there is a relief in short-term indicators. A-short term upward price movement can follow.

RESISTANCES 2527 / 2610 / 2671
SUPPORTS 2240 / 2323 / 2383

ETHEREUM [ETH] 24628.48 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 318.02 TRY

AVAX lost a 6,20% value during morning hours, and the current price is $61,04. When we consider the AVAX/USDT pair technically, AVAX broke $79.80 (support level) last week and had a sharp downward price movement. AVAX, which has found support at $54-55, an important support zone in the daily and weekly periods, is experiencing a short-term recovery. Although a positive outlook has not yet prevailed throughout the market, a correction of the short-term might follow.

RESISTANCES 64,59 / 69,63 / 72,38
SUPPORTS 49,01 / 54,05 / 56,80

AVALANCHE [AVAX] 318.02 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.80 TRY

Ripple lost a 3,53% value during morning hours, and the current price is $0,6061. When we consider the XRP/USDT pair technically, XRP continues price action below the downtrend on November 10. Last week, it broke the support level at $0,7121. After the breakout, we expect a price movement between $0,5182 - 0,7121 to occur.

RESISTANCES 0,6241 / 0,6405 / 0,6542
SUPPORTS 0,5639 / 0,5803 / 0,5940

RIPPLE [XRP] 8.80 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 987.90 TRY

LTC lost a 4,05% value during morning hours, and the current price is $107,8. When we consider the LTC/USDT pair technically, LTC faced resistance from the 50MA level ($153) and broke the support level at $145. It continues price action below the support level at $113. As we mentioned in the daily bulletin on Friday last week, the next support level is the $105-110 band.

RESISTANCES 112,05 / 115,97 / 119,33
SUPPORTS 97,49 / 101,41 / 104,77

LITECOIN [LTC] 987.90 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 5,50% value during morning hours, and the current price is $15,73. When we consider the LINK/USDT pair technically, LINK continues price action inside the ascending channel as of July 2020 in the weekly chart. LINK recently broke the 200MA level (24,85) and experienced a downward acceleration. LINK recovered a little bit after hitting the uptrend support. But there is no reversal signal for LINK in the daily chart. $18-18.5 should be closely followed for LINK as a correction.

RESISTANCES 16,64 / 17,48 / 18,12
SUPPORTS 13,67 / 14,51 / 15,15

BASIC ATTENTION TOKEN [BAT] 5.62 TRY

BAT lost a 6,30% value during morning hours, and the current price is $0,7146. When we consider the BAT/USDT pair technically, the price movement goes on as we expected. BAT, which has been retesting its uptrend as of November, started its downward movement with the resistance from the same level. As we mentioned in the daily newsletter on Friday, a downward movement will follow. There is no reversal signal in the daily chart for BAT. It needs support at $0,64-0,65 (near the demand-supply zone).

RESISTANCES 0,7549 / 0,8106 / 0,8415
SUPPORTS 0,5817 / 0,6374 / 0,6683

BASIC ATTENTION TOKEN [BAT] 5.62 TRY +7.00 +0.03 VOL 21 BAT

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