DAILY CRYPTOCURRENCY NEWS

Ethereum Futures ETF Application

Kelly Strategic Management, a Denver-based investment company, has applied for an exchange-traded fund (ETF) that offers the possibility of investing in Ethereum (ETH) futures contracts.

Online Retailer Will Accept Shiba Inu Payments

Newegg Commerce, a Nasdaq-listed major online retailer, has confirmed it will soon accept payments in the meme-inspired cryptocurrency Shiba Inu. It is not yet clear when exactly the SHIB will be adopted.

Invesco Launches Bitcoin Spot ETP

The investment company is offering spot-based investment in Bitcoin in Europe, after withdrawing attempts at a futures product in the United States. Deutsche Borse announced the new product in a press release on Monday. According to the statement, the "Invesco Physical Bitcoin" ETN offers "physically secure access to Bitcoin performance".

MicroStrategy Buys 7,002 More Bitcoins

MicroStrategy bought another 7,002 Bitcoins,  growing its cryptocurrency stash to 121,044 coins. CEO Michael Saylor says, “Bitcoin is the only property you can truly own, as well as the first technology capable of granting property rights to everyone on earth.”

WisdomTree Launches Spot ETPs in Europe
WisdomTree has added three new physically supported exchange-traded cryptocurrency products to its offerings in Europe. The WisdomTree Crypto Market (BLOC), WisdomTree Crypto Altcoins (WALT), and WisdomTree Crypto Mega Cap Equal Weight (MEGA) ETPs listed today on SIX, the Swiss stock exchange, and Börse Xetra and are passported for sale across the European Union. Sales can be made throughout the European Union.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 350094.29 TRY

Bitcoin lost a 1,10% value during morning hours; the current price is $57.191. MicroStrategy bought another 7,002 Bitcoins, growing its cryptocurrency stash to 121,044 coins. And investment companies have turned their eyes to Europe from America, which does not look warmly at the spot BTC ETF. An investment company, Invesco, is offering spot-based investment in Bitcoin in Europe after withdrawing attempts at a futures product in the United States. Also, WisdomTree has added three new physically supported exchange-traded cryptocurrency products to its offerings in Europe.

When we consider the BTC/USDT pair technically, Bitcoin, priced within the ascending channel that exists as of July 20, tested the resistance band of $58.400 - 60.000 but could not break it. BTC opened the day when retreating slightly. Bitcoin will resolve sales pressure if it breaks the resistance zone marked with blue on the graphics. So price actions can be up to the new peak levels.

RESISTANCES 58.456 / 59.743 / 60.640
SUPPORTS 56.272 / 55.375 / 54.088

BITCOIN [BTC] 350094.29 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24254.66 TRY

Ethereum gained a 0,10% value during morning hours, and the current price is $4447. Kelly Strategic Management, a Denver-based investment company, has applied for an exchange-traded fund (ETF) that offers the possibility of investing in Ethereum (ETH) futures contracts.

When we consider the ETH/USDT pair technically, ETH, had had a uptrend for the last 3 days, tested the downtrend on November 10 and faced with resistance. MACD is about to give a buy signal soon, after a possible recovery in the daily chart. If it breaks the downtrend and holds above it, a rise can begin towards $6.000, the cup-and-handle target in the weekly chart.

RESISTANCES 4533 / 4633 / 4769
SUPPORTS 4062 / 4162 / 4297

ETHEREUM [ETH] 24254.66 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.24 TRY

AVAX lost a 1,80% value during morning hours, and the current price is $119,15. When we consider the AVAX/USDT pair technically, AVAX continues price action inside the ascending channel as of August and could rise again when retreating to the $102 (Fibo'61,80) and finding support. AVAX, which broke the midrange band yesterday, is retesting this level in the morning. If it holds above it, a journey towards the previous peak level of $147 can start.

RESISTANCES 124,04 / 129,85 / 137,35
SUPPORTS 97,42 / 103,23 / 110,73

AVALANCHE [AVAX] 316.24 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.19 TRY

Ripple gained a 1,00% value during morning hours, and the current price is $1,001. When we consider the XRP/USDT parity in technical terms, XRP has recently broken its downward trend as of September 21, but yesterday it closed the day above the 200MA level. It is important to break this trend, which has been tested many times before. Firstly, the lower line level of $1,05 and the 50MA level of $1,10 can be targeted.

RESISTANCES 1,0227 / 1,0453 / 1,0767
SUPPORTS 0,9147 / 0,9373 / 0,9687

RIPPLE [XRP] 8.19 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 964.51 TRY

LTC lost a 1,10% value during morning hours; the current price is $204,6. When we consider the LTC/USDT pair technically, LTC continues the price action inside the ascending channel as of July 21 and could find support at $182 (the lower line) on Friday, so it rose to the $208,5 level (50MA). LTC is testing the downtrend in the daily chart and facing resistance as of this morning. If it closes the day above 50MA and downtrend, it can resolve sales pressure, so set on a journey to the midrange band.

RESISTANCES 211,06 / 219,33 / 228,35
SUPPORTS 176,48 / 184,75 / 193,77

LITECOIN [LTC] 964.51 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 0,50% value during morning hours, and the current price is $25,01. When we consider the LINK/USDT pair technically, LINK rose to the level of 200MA ($25,60) and faced resistance from the same level. LINK is priced below the downtrend this morning. The 200-MA level can go up if it breaks the trend, creating an ascending zone towards the 50MA ($30).

RESISTANCES 25,58 / 26,20 / 26,82
SUPPORTS 23,11 / 23,72 / 24,34

BASIC ATTENTION TOKEN [BAT] 5.47 TRY

BAT lost 7,00% value during morning hours, and the current price is $1,5093. When we consider the BAT/USDT pair technically, it retreated from $1,92 to the $1,50 (Fibo'61,80) level. In the 4-hour chart, MACD continues to give a sell signal, and the price actions are inside a downtrend. A reversal signal or formation occurrence can be expected.

RESISTANCES 1,6045 / 1,6964 / 1,7536
SUPPORTS 1,3063 / 1,3982 / 1,4554

BASIC ATTENTION TOKEN [BAT] 5.47 TRY +7.00 +0.03 VOL 21 BAT

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