DAILY CRYPTOCURRENCY NEWS

EU Says Russia, Belarus Sanctions Extend to Crypto

Crypto assets fall into the category of "transferrable securities" and are therefore clearly included in the scope of sanctions against Russia, the EU said. In addition, the EU imposed similar penalties to Belarus for aiding Russia's warlike regime.

SkyBridge Capital Founder Predicts $100,000 Bitcoin Price

SkyBridge Capital founder Anthony Scaramucci reiterated his stance that Bitcoin would reach a price point of $500,000. The founder says the regulatory environment prevents Bitcoin reaching he price target of $100,000.

Ukraine Receives Nearly $100 Million in Crypto Donations

According to Alex Bornyakov, Ukraine’s deputy minister at the Ministry of Digital Transformation and the de facto crypto spokesperson of the government, Ukraine received nearly "$100 million” in crypto donations.

Morgan Stanley Now Owns More Grayscale Bitcoin Trust Stock Than Ark

Wall Street stalwart Morgan Stanley has recently increased ownership of the Grayscale Bitcoin Trust (GBTC), as it awaits the vehicle’s proposed conversion to a fully-fledged exchange-traded fund. In total, Morgan Stanley funds held 13 million GBTC shares as of the end of 2021, worth more than $371 million at press time.

US  President Biden to Sign Executive Order

On Wednesday, US President Joe Biden signed an executive order (E.O.) actively calling for “urgent” action to explore Bitcoin and other cryptocurrencies as well as piloting a CBDC. The order outlines a “whole state” approach in which many regulatory agencies are called upon to cooperate in the research and development of digital assets and related regulations.

The SEC's Gary Gensler Awaits A Regulated US Crypto Market After Biden's Executive Order

US Securities and Exchange Commission President Gary Gensler said the agency would collaborate with government organizations to achieve “key public policy objectives” in the cryptocurrency sector. His comments came shortly after US President Joe Biden signed his first executive order for digital assets.

Dubai Adopts First Virtual Asset Law Establishes Regulator to Improve Crypto Sector

Earlier today, the Dubai leader signed the “digital assets law”, which established an independent authority for oversight of the cryptocurrency sector. The law aims to determine the regulatory position of the United Arab Emirates (UAE) in the sector.

US Senator Lummis: Bill to Integrate Cryptocurrencies Into Financial System ‘Almost Ready’

Immediately after US President Joe Biden signed an Executive Order addressing the government's position on cryptocurrencies, Wyoming Republican Senator Cynthia Lummis announced that she had drafted a new bill that would integrate digital assets into the financial system.

Ethereum Transaction Fees Down to a 6-Month-Low as NFT Demand Slows

The Ethereum blockchain, which has long been criticized for its high network costs, has recently declined to the lowest level of six months in gas prices - the lowest since August 2021.

VanEck Launches New Digital Asset Mining ETF (DAM)

Global investment manager VanEck launched the Digital Assets Mining ETF with the acronym "DAM". The latest exchange-traded fund was designed to enable investors to invest in firms in the digital asset mining ecosystem.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 350916.77 TRY

Bitcoin lost a 6,00 % value during morning hours and is priced around $39.195. Wall Street stalwart Morgan Stanley has recently increased ownership of the Grayscale Bitcoin Trust (GBTC), as it awaits the vehicle’s proposed conversion to a fully-fledged exchange-traded fund. In total, Morgan Stanley funds held 13 million GBTC shares as of the end of 2021, worth more than $371 million at press time.

When we consider the BTC/USDT pair technically, BTC, which has been under $39,000 for the past few days, has started to rise sharply with the statement made by the US Treasury Minister yesterday and broke the resistance level in the $49,000-40,500 band. We expect this band to work as a support in BTC, which tested the level of $39,000 with a negative fluctutation through the market this morning. If the $39,000 level is lost, pricing towards $37,000 might follow.

RESISTANCES 41.509 / 43.719 / 44.903
SUPPORTS 38.115 / 36.931 / 34.721

BITCOIN [BTC] 350916.77 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24504.57 TRY

Ethereum lost a 4,60% value during morning hours and is priced around $2591. The Ethereum blockchain, which has long been criticized for its high network costs, has recently declined to the lowest level of six months in gas prices - the lowest since August 2021.

When we consider the ETH/USDT pair technically, as we stated in the daily bulletin recently, a rally close to the blue marked resistance zone in ETH surged after the positive divergence in RSI on the 4-hour chart. If the level of $2580 is lost in ETH, which starts negative in parallel with the market, a retracement towards the previous dip level of $2400 might follow.

RESISTANCES 2719 / 2844 / 2911
SUPPORTS 2336 / 2461 / 2528

ETHEREUM [ETH] 24504.57 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 318.93 TRY

AVAX lost a 5,00% value during morning hours and is priced around $73.22. When we consider AVAX/USDT pair technically, the sales pressure in AVAX, which has recently reacted to the major downward trend, has increased, and downward price movements continued to the short-term uptrend. The positive news flow from USA and Avalanche Foundation's big announcement happened when climbing the support zone. So AVAX broke the $76.89 level upwards. In AVAX, where there is a stagnated price movement, the breakout of the stagnated zone will determine the trend.

RESISTANCES 77,43 / 81,69 / 83,85
SUPPORTS 64,59 / 68,85 / 71,01

AVALANCHE [AVAX] 318.93 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.24 TRY

Ripple lost a 4,10% value during morning hours and is priced around $0.7311. When we consider the XRP/USDT pair technically, there is no major change in the outlook. In XRP, which clings to the support level of $0.7121, the positive course is dominant with the market-wide increase this morning. In XRP, which has not yet broken the short-term downward trend, the price movement will be determined by the breakout of this stagnated area.

RESISTANCES 0,7641 / 0,7949 / 0,8119
SUPPORTS 0,6685 / 0,6993 / 0,7163

RIPPLE [XRP] 8.24 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 973.04 TRY

LTC lost a 5,10% value during morning hours and is priced around $101.1. When consider LTC/USDT pair technically, along with the negative outlook that has dominated the market for the last few days, there was a limited surge in LTC, which had broken its supports at $113.1 and $104.9 downwards. Retesting the downtrend, LTC has broken the level of $104.9 down again along with the resistance. If the daily close occurs in a negative way, a pullback towards the previous dip levels might follow.

RESISTANCES 108,29 / 114,63 / 118,26
SUPPORTS 88,35 / 94,69 / 98,32

LITECOIN [LTC] 973.04 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 5,60% value during morning hours and is priced around $13.23. When we consider the LINK/USDT pair technically, LINK has price action inside the horizontal channel as of May 26. However, it has closed the day below the lower line for the last three days. As of the candle close two days ago, LINK's positive divergence was confirmed. After the confirmation and news feed, LINK, which started pricing again inside the channel yesterday, is retreating towards the lower line as of this morning. If it sustains retesting and closes the day within the channel, we expect the rise to continue towards the level of $15.50.

RESISTANCES 14,01 / 14,91 / 15,36
SUPPORTS 11,29 / 12,19 / 12,65

BASIC ATTENTION TOKEN [BAT] 5.53 TRY

BAT lost a 5,50% value during morning hours and is priced around $0.6440. When we consider the BAT/USDT pair technically, BAT continues price action below the downtrend on November 28. BAT, which also fell to the support zone in the $0.64-0.70 band, confirmed its positive divergence in RSI as of the candle close two days ago. BAT, which rose yesterday with this confirmation and news flow, is still priced within the support zone today. We cannot talk about permanent ups and downs until the downward trend is broken.

RESISTANCES 0,6762 / 0,7088 / 0,7253
SUPPORTS 0,5780 / 0,6106 / 0,6271

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

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