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.

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.

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.

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.

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.

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.

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).