DAILY CRYPTOCURRENCY NEWS

Fidelity Expects More Sovereign States to Buy Bitcoin in 2022

According to the asset manager's 2021 summary, there have been contrasting developments in cryptocurrency adoption over the past year. Although it is too early to say which way is more successful, the company said that high-stakes game theory will lead more countries to follow El Salvador and adopt cryptocurrencies.

Judge Says Ripple Can Access Emails About SEC Ethereum Speech

Ripple won a key procedural victory in its lawsuit with the Securities and Exchange Commission on Thursday when a federal judge ruled that the SEC cannot claim that emails concerning a landmark 2018 speech about Ethereum were privileged documents.

Digital Franc: Switzerland Completes Testing with Key Banks

During a three-day test in December, five commercial banks implemented a version of the digital Franc into their existing business architecture. These were: UBS, Citigroup, Credit Suisse, Goldman Sachs and Hypothekarbank Lenzburg. The tests covered a wide range of digital currency transactions, including interbank, monetary and cross-border transfers.

Jack Dorsey Says Block (Formerly Square) Is Entering Bitcoin Mining

In October, Square CEO Jack Dorsey announced that the financial services firm (which has since changed its name to Block) that he was considering "setting up a Bitcoin mining system". Three months later, these thoughts were realized.

Bitcoin and Ethereum Futures ETFs Coming to India

According to the Indian newspaper Economic Times, financial management firm Kling Trading and FinTech conglomerate Cosmea Financial Holdings have teamed up to apply for Bitcoin and Ethereum futures exchange-traded funds on India INX, an international exchange and subsidiary of BSE (formerly known as the Bombay Stock Exchange).

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359147.61 TRY

Bitcoin gained a 0,30% value during morning hours; the current price is $42.770. According to the asset manager's 2021 summary, there have been contrasting developments in cryptocurrency adoption over the past year. Although it is too early to say which way is more successful, the company said that high-stakes game theory will lead more countries to follow El Salvador and adopt cryptocurrencies.

When we consider the BTC/USDT pair technically, BTC found support at $40.000 in the last three days and recovered well, surging towards $44.500. A bearish engulfing candle pattern occurred when sales pressure increasing. BTC can continue its downward price movement. MACD gives a buy signal (waiting for a confirmation), and there is a positive divergence in the daily chart. Furthermore, the 50MA intersected with the 200MA level and a death cross formed. BTC has a high sales pressure and moves below the downtrend.

RESISTANCES 44.014 / 45.230 / 46.077
SUPPORTS 41.951 / 41.104 / 39.888

BITCOIN [BTC] 359147.61 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24592.00 TRY

Ethereum gained a 1,00% value during morning hours, and the current price is $3277. When we consider the ETH/USDT pair technically, ETH closed three days above the uptrend as of August, finding support at $2985 and surging. And this morning it found support again at $3225. There is no upward signal yet, but if it holds onto the uptrend, a rise towards $3456 (200MA) can begin.

RESISTANCES 3388 / 3492 / 3574
SUPPORTS 3017 / 3121 / 3203

ETHEREUM [ETH] 24592.00 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 317.52 TRY

AVAX gained a 0,50% value during morning hours, and the current price is $90,27. When we consider the AVAX/USDT pair technically, AVAX retreated to $79.80 (support level) in the weekly chart and then it surged towards $98,14 (Fibo'61,80), finding support. But it did fail to break the resistance and retreated back towards Fibo'50. If AVAX loses the momentum and support it found at $86,50, it can drop to $80.

RESISTANCES 95,66 / 100,79 / 104,32
SUPPORTS 78,34 / 83,47 / 87,00

AVALANCHE [AVAX] 317.52 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.79 TRY

Ripple gained a 1,10% value during morning hours, and the current price is $0,7750. Ripple won a key procedural victory in its lawsuit with the Securities and Exchange Commission on Thursday when a federal judge ruled that the SEC cannot claim that emails concerning a landmark 2018 speech about Ethereum were privileged documents.

When we consider the XRP/USDT pair technically, ETH broke the downtrend on December 21 along with the general market recovery. A bearish engulfing candle pattern occurred in BTC when sales pressure increasing. XRP can continue its downward price movement. So, the level of $0,74-0,72 should be followed.

RESISTANCES 0,7995 / 0,8191 / 0,8388
SUPPORTS 0,7209 / 0,7405 / 0,7602

RIPPLE [XRP] 8.79 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 987.80 TRY

LTC gained a 0,88% value during morning hours, and the current price is $137,9. When we consider the LTC/USDT pair technically, LTC broke the downtrend as of November and closed the day above. LTC appears to have retested this trend and found support as of this morning. A strong resistance at $145 and support level at $130-127 should be followed.

RESISTANCES 142,47 / 146,39 / 150,84
SUPPORTS 125,73 / 129,65 / 134,10

LITECOIN [LTC] 987.80 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 0,10% value during morning hours, and the current price is $24,92. When we consider the LINK/USDT pair technically, LINK, which continues price action inside the ascending channel as of July 2020 in the weekly chart, retreated to $24,73 (200MA) when staying more positive than the market in general. If it does not hold onto the 200MA, it can go down $23,20 (support level).

RESISTANCES 26,20 / 27,46 / 28,36
SUPPORTS 21,89 / 23,15 / 24,05

BASIC ATTENTION TOKEN [BAT] 5.62 TRY

BAT gained a 1,18% value during morning hours, and the current price is $1,0558. When we consider the BAT/USDT pair technically, BAT broke the uptrend as of November yesterday and closed the day below. Also, the bearish engulfing candle has formed as of the daily candle close. If it cannot break the trend upwards, a move towards $0,95 can be expected.

RESISTANCES 1,1073 / 1,1599 / 1,2010
SUPPORTS 0,9199 / 0,9725 / 1,0136

BASIC ATTENTION TOKEN [BAT] 5.62 TRY +7.00 +0.03 VOL 21 BAT

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