DAILY CRYPTOCURRENCY NEWS

FED DOES DIGITAL CURRENCY WORKS

The Fed is running tests on a digital dollar, according to Bloomberg. Also, researchers from the Boston Federal Reserve and the Massachusetts Institute of Technology (MIT) are working on the digital dollar to make it available to the FED.

"The lessons learned from this collaboration will be published and any codebase developed with this effort will be made available as open-source software for anyone to use experimentally," said Lael Brainard, chairman of the Federal Reserve Board of Directors.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 350819.50 TRY

During Jerome Powell's speech, BTCUSD followed a fluctuating appearance, accelerating to the 11600 resistance and headed towards the 11000 support. The cryptocurrency, which is recovering quickly, is currently trying to hold above the 11300 support.

If the market continues to move forward with buyers, it is thought that 11530 and 11600 resistances may be followed. It is important for the cryptocurrency to hold above 11600 resistance. Below, the determining bandgap remains current as 11300-11000. Holding over the specified area will support upward movements.

RESISTANCES 11530 - 11600 - 11775
SUPPORTS 11300 - 11000 - 10900

BITCOIN [BTC] 350819.50 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24309.91 TRY

Buyer dominance continues in ETHUSD, which was a downward movement by testing the instant 397 resistance. It is thought that the 397, 400, and 407 resistances can be followed if the increase in the volume of long positions continues in the cryptocurrency. Breaking the 407 resistance may create upward attacks. Withdrawals up to 380 below can be met as usual. Below this level, it is beneficial for the investor to be careful.

RESISTANCES 392 - 397 - 400
SUPPORTS 388 - 380 - 373

ETHEREUM [ETH] 24309.91 TRY +7.00 +0.03 VOL 21 ETH

RIPPLE [XRP] 8.20 TRY

RESISTANCES 0.2713 - 0.2807 - 0.2876
SUPPORTS 0.2607 - 0.2440 - 0.2390

RIPPLE [XRP] 8.20 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 963.23 TRY

RESISTANCES 57 - 61 - 64
SUPPORTS 55 - 52 - 49

LITECOIN [LTC] 963.23 TRY +7.00 +0.03 VOL 21 LTC

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