DAILY CRYPTOCURRENCY NEWS

Fantom Becomes Third-Largest Blockchain in DeFi

According to DeFiLlama, Fantom became the third-largest crypto protocol in decentralized finance (DeFi). Over the past week, Fantom's TVL has outperformed the global crypto market, increasing by more than 60% and reaching $12.2 billion.

26.22 Million ETH Held by Top Non-Exchange Whales: New All-Time High

Santiment on-chain analytics agency has reported that the Ethereum holdings of top non-exchange whales continue to increase as the price is holding slightly under $2,300. A new record has been reached in whale holdings now.

MicroStrategy Will Continue Buying More Bitcoin

According to Michael Saylor, CEO of MicroStrategy, his company will purchase more bitcoins even if it continues to decline. He is confident that Microstrategy's balance sheet is no longer based on currency derivatives and is happy that it is built on a non-sovereign store of value.

US Real Estate Company to Accept BTC

Real estate development company Harbor Custom Development Inc. will start accepting bitcoin as payment for its listed land, developed lots, residential homes, condominiums, and apartments in four U.S. states, according to a Monday press release.

46% of Bitcoin Miners Employ Renewable Energy Resources to Mine Bitcoin
Bitcoin Mining Council (BMC) recently announced the results from its quarter fourth survey highlighting how Bitcoin mining is steadily adopting sustainable power usage. As per the latest Q4 survey report, the percentage of the global Bitcoin mining industry deploying renewable resources to mine Bitcoin has increased from 1% to a notable 58.5%.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359480.11 TRY

    
Bitcoin lost a 0,90% value during morning hours; the current price is $36.368. Bitcoin Mining Council (BMC) recently announced the results from its quarter fourth survey highlighting how Bitcoin mining is steadily adopting sustainable power usage. As per the latest Q4 survey report, the percentage of the global Bitcoin mining industry deploying renewable resources to mine Bitcoin has increased from 1% to a notable 58.5%.

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 retreated to the intraday level of $33,000 yesterday. But it found support and wiped out losses. So, it closed the day at $36.693 and returned 1,10%. There is a positive divergence in the 4-hour RSI, which does not signal an ending of the downtrend.

RESISTANCES 37.994 / 39.987 / 42.482
SUPPORTS 33.506 / 31.011 / 29.018

BITCOIN [BTC] 359480.11 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24646.64 TRY

Ethereum lost a 1,20% value during morning hours, and the current price is $2410. Santiment on-chain analytics agency has reported that the Ethereum holdings of top non-exchange whales continue to increase as the price is holding slightly under $2,300. A new record has been reached in whale holdings now.

When we consider the ETH/USDT pair technically, ETH had broken the support level at $2985. It plunged to $2200. Positive divergence in the RSI triggered ETH to rise slightly, and it wiped out most of its intraday losses. Although it is too early to say that the decline has ended, we can consider it a relief movement of the long-term downtrend.

RESISTANCES 2517 / 2657 / 2835
SUPPORTS 1882 / 2022 / 2200

ETHEREUM [ETH] 24646.64 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.04 TRY

AVAX lost a 1,10% value during morning hours, and the current price is $62,29. 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 experienced a decline towards the support zone marked in blue on the chart over the weekend and yesterday, wiped out most of the intraday losses with the support from this zone yesterday. There is no reversal signal in the daily chart for AVAX, which started the day slightly negative this morning. As long as the blue zone momentum is not lost, the downward price movement will be replaced by a short-term horizontal trend.

RESISTANCES 66,14 / 69,75 / 75,25
SUPPORTS 47,92 / 51,53 / 57,03

AVALANCHE [AVAX] 319.04 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.67 TRY

Ripple lost a 2,00% value during morning hours, and the current price is $0,5990. 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, a price movement between $0,5182 - 0,7121 occurred, as we mentioned in the daily newsletter. Yesterday XRP touched the support zone marked with blue (you can check out the graphic chart yesterday); this zone is suitable for demand and supply.

RESISTANCES 0,6247 / 0,6553 / 0,6902
SUPPORTS 0,4937 / 0,5243 / 0,5592

RIPPLE [XRP] 8.67 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 989.19 TRY

LTC lost a 1,95% value during morning hours, and the current price is $108. 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 newsletter on last Friday, the next support level is the $105-110 band. Every price movement below this zone was evaluated as a buying opportunity. So for a rising trend, a breakout of $113,1 should occur.

RESISTANCES 114,18 / 120,36 / 128,90
SUPPORTS 84,74 / 90,92 / 99,46

LITECOIN [LTC] 989.19 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 2,00% value during morning hours, and the current price is $15,30. 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 yesterday it plungedto the channel lower line and wiped out some intraday losses. There is no clear reversal signal for LINK, it should hold onto the zone marked in blue.

RESISTANCES 16,02 / 17,16 / 18,39
SUPPORTS 11,29 / 12,43 / 13,66

BASIC ATTENTION TOKEN [BAT] 5.64 TRY

BAT lost a 0,70% value during morning hours, and the current price is $0,7465. BAT, which has been retesting its uptrend as of November, started its downward movement with the resistance from the same level. BAT touched the $0,64-0,65 (demand-supply zone) yesterday and wiped out almost all the intraday losses. For BAT, where we have not yet received a reversal signal other than a 4-hour positive divergence, retracement towards the support zone marked in blue can be seen.

RESISTANCES 0,7837 / 0,8304 / 0,8962
SUPPORTS 0,5587 / 0,6054 / 0,6712

BASIC ATTENTION TOKEN [BAT] 5.64 TRY +7.00 +0.03 VOL 21 BAT

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