DAILY CRYPTOCURRENCY NEWS

FED's Interest Rate Decision

The Fed raised its interest rate decision by 75 bp to 3.25% as expected. Although the expectation of 100 bp increased after the inflation data, the FED preferred the less aggressive way. In addition, FED Chairman Jerome Powell, in his statements after the statement, said that their goal is to reduce inflation to 2% and that they will continue their moves until that time and that a possible interest rate cut will not occur until the targeted inflation levels are reached.

OpenSea NFT Acquires Rarity, Rarity Tracking Tool

The OpenRarity addition eliminates the need for the user to use a 3rd party rarity tracking tool to understand the value of the NFT to be received or tracked. The move is part of additional improvements to OpenSea, such as increasing airdrops in OpenSea and clarifying the fees of content creators.

Will there be a ban on Algorithmic Stablecoins in the US?

Last week, the issue of banning algorithmic stablecoins in the US was discussed. It is discussed that a 2-year ban should be imposed on this issue, which has been carried to the parliament, by citing the UST crisis as an example. 

Layer-2 Solution Integrates with Boba Network Avalanche

Layer-2 scaling solution Boba Network has announced that it now also supports the Avalanche blockchain. According to a statement made by Avalanche core participant Ava Labs, Boba was the first Layer-2 layer of Avalanche. 

China Continues to Work on Digital Yuan

The Central Bank of China continues its work on the Digital Yuan. After the development and testing phases were started in the previous weeks, it was now announced that the digital currency will be tested in 4 different regions of the country. It is noteworthy that the Central Bank of China has accelerated and expanded its digitalization efforts with these studies.

Ripple Wants to Reduce Carbon Emissions to Zero

Ripple, which is in court proceedings with the SEC, also continues its ecosystem development work and collaborations. With the announcement of the signing of Climate Pledge on September 20, it has joined the list of 375 companies aiming to reach "0" carbon emissions by 2040. Climate Pledge is an agreement established by Amazon in 2019 that includes 51 industries and 29 countries. In its announcement, Ripple stated that the world of cryptocurrency should take responsibility for a sustainable world.

 

 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 375145.45 TRY

Bitcoin is trading at $18,650, up 1.04% as of morning today. Bitcoin has made quite large movements after the interest rate decision. First, it broke the 19,550 level upwards and rose to $20,000. Then, in the same hour, it saw a sale of the same size and fell to 18.115. Bitcoin, which is currently priced above support at the level of 18,650, caused a selling panic in investors that the Fed made a little harsher statements. In addition, we would like to say that yesterday closed with a decline in the US markets, where we saw similar movements after the interest rate decision. Apart from the interest rate decision, the announcement of mobilization in Russia also created a significant selling pressure in the Bitcoin price yesterday. We can say that the 19,500 and 20,000 levels should be paid attention to in Bitcoin's upward movement and that the 18,200-18,550 levels are quite critical in case of a decline.

RESISTANCES 19.731 / 20.754 / 21.529
SUPPORTS 17.933 / 17.158 / 16.135

BITCOIN [BTC] 375145.45 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 25353.60 TRY

LTC is trading at $52.00, up 1.78% as of morning hours. With the LTC interest rate decision, it broke the channel support of $ 52 and fell to $ 50 levels again, and then it is trying to break the $ 52 level again with the market and return to the channel. We would like to say that the primary short target in LTC is 53 and this week's target is the channel mid-band of $ 58.

RESISTANCES 1376 / 1492 / 1569
SUPPORTS 1376 / 1492 / 1569

ETHEREUM [ETH] 25353.60 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 322.80 TRY

AVAX is trading at $16.75, up 1.21% as of morning today. AVAX seems to be the strongest remaining coin against yesterday's market. With the breakdown of the support at 16.60, it fell to the main support zone of 16.30 and rose to 16.80 again with the failure of the rate breakdown. We can say that the primary target of the rise in AWAX is 17.30 and then 17.85 levels.

RESISTANCES 17,75 / 18,72 / 19,50
SUPPORTS 14,25 / 15,22 / 16,00

AVALANCHE [AVAX] 322.80 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 9.22 TRY

XRP, which has gained 7.65% in the morning hours, is priced at $ 0.4229. Court pricing on Ripple is still ongoing. XRP investors, who expect a significant rise in a possible positive outcome, continue to collect Ripple from 0.40 levels. Ripple, which moved to 0.43 and then 0.38 levels after the interest rate decision, rose to 0.4230 with the support it saw from 0.38 and is currently trying to break the 0.42 resistance upwards. If this breakdown occurs in Ripple, the next target will be 0.4480, but we would like to say that the court process should be followed more than the technique in Ripple.

RESISTANCES 0,4413 / 0,4625 / 0,4914
SUPPORTS 0,3411 / 0,3623 / 0,3912

RIPPLE [XRP] 9.22 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 1008.60 TRY

LTC is trading at $52.00, up 1.78% as of morning hours. With the LTC interest rate decision, it broke the channel support of $ 52 and fell to $ 50 levels again, and then it is trying to break the $ 52 level again with the market and return to the channel. We would like to say that the primary short target in LTC is 53 and this week's target is the channel mid-band of $ 58.

RESISTANCES 54,83 / 57,67 / 59,92
SUPPORTS 44,65 / 47,49 / 49,74

LITECOIN [LTC] 1008.60 TRY +7.00 +0.03 VOL 21 LTC

LINK is up 1.6% today at $6.77. LINK tested the rising channel level support it was in with the decline it experienced with the interest rate data and made a return. If the LINK channel breakdown does not occur, it will continue to rise with the target of 7.6 level in priority and then 7,6.

RESISTANCES 7,24 / 7,72 / 8,08
SUPPORTS 5,58 / 6,05 / 6,41

BASIC ATTENTION TOKEN [BAT] 5.66 TRY

BAT is trading at $0.2954, down 2.50% as of morning hours. After falling to the $0.29 support, BAT rose to 0.2950 with the support it saw from there. In the BAT, we can say that the levels of 0.29 on the downside, 0.26 on the upside and 0.3040 should be considered.

RESISTANCES 0,3117 / 0,3281 / 0,3416
SUPPORTS 0,2519 / 0,2683 / 0,2818

BASIC ATTENTION TOKEN [BAT] 5.66 TRY +7.00 +0.03 VOL 21 BAT

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