DAILY CRYPTOCURRENCY NEWS

First Cross-Chain Governance Proposal Passes on Aave

On Monday, the first proposal for cross-chain governance passed on the decentralized finance,  borrowing, and lending platform Aave (AAVE). According to DeFiLlama, the total amount of value locked in Aave is approximately $12 billion.

Number of Non-Zero Wallets Exceeds 40 Million
On-chain data shows that the number of Bitcoin wallets with a non-zero balance has hit an all-time high of over 40 million. According to Glassnode's latest weekly report, those wallets have reached a new ATH of 40.16 million.

Bitcoin Supply on Exchanges Reaches the Lowest Level of the Year with 13.27%

On-chain data shows that the supply of Bitcoin on exchanges continues to decline despite the sharp drops in price, now hitting a year low of 13.27%.

21Shares Aims to Have an ETP for the Top 50 'Quality Assets'

21Shares, the world's largest issuer of crypto-exchange-traded products (ETPs), has launched three more such products in Switzerland this year as it looks to expand its offerings and aims to increase that number to 50 by the end of the year.

Bitcoin Whale MicroStrategy Spent $25M on First BTC Purchase of the Year

According to the form submitted to the US Securities and Exchange Commission (SEC) on Tuesday, MicroStrategy purchased 660 Bitcoins between December 30, 2021, and January 31, 2022. The company spent $25 million buying Bitcoin, with an approximate cost of $37,865 per Bitcoin.

Kremlin: Russians Hold Over $200 Billion in Cryptocurrency

According to government figures, Russians own 16.5 trillion rubles ($214 billion) in cryptocurrencies. Estimates are expected to be conservative given the lack of clarity in the country's crypto legislation.

LATAM Payment Wallet AstroPay Integrates BTC, BCH, LTC and ADA into its System

AstroPay, a Latin America-based payment and e-wallet solution, announced that it has integrated cryptocurrencies with a new buy and sell option in its web and in-app. AstroPay wallet supports Bitcoin, Bitcoin Cash, Litecoin and Cardano.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 358900.30 TRY

Bitcoin lost a 0,42% value during morning hours; the current price is $38.533. On-chain data shows that the number of Bitcoin wallets with a non-zero balance has hit an all-time high of over 40 million. According to Glassnode's latest weekly report, those wallets have reached a new ATH of 40.16 million. On-chain data shows that the supply of Bitcoin on exchanges continues to decline despite the sharp drops in price, now hitting a year low of 13.27%.

When we consider the BTC/USDT pair technically, BTC continues price action below the downtrend on November 10. BTC, which retested this trend for the first time in a long time yesterday, saw a reaction at $39,300. Bullish movements may be permanent if this trend is broken and a daily close above $40,500 is achieved with the accompanying demand.

RESISTANCES 39.088 / 39.717 / 40.250
SUPPORTS 37.926 / 37.393 / 36.764

BITCOIN [BTC] 358900.30 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24601.13 TRY

Ethereum lost a 0,70% value during morning hours, and the current price is $2738,98. When we consider the ETH/USDT pair technically, ETH, which had broken the $ 2546 level, which coincides with the Fibo'38.20 tranche, at the weekend, was retested in the past days and continues to rise with the support it found. We expect the $2778-2985 band to work as a resistance zone in ETH, which has risen by about 30 percent since the dip of January 24. As long as it is not persistent above $2985, a pullback can be seen in ETH.

RESISTANCES 2810 / 2857 / 2904
SUPPORTS 2622 / 2669 / 2716

ETHEREUM [ETH] 24601.13 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 317.52 TRY

AVAX lost a 0,30% value during morning hours, and the current price is $69,80. 
When we consider the AVAX/USDT pair technically, AVAX, which has risen to $76 after sharp decreases, is priced between Fibo'23.60 and Fibo'38.20. AVAX has an ascending wedge formation, there is price action close to the resistance levels of both the formation and the $75.50-79.80 zone. If those levels are broken upwards, a rise towards the $90 level can follow.

RESISTANCES 75,64 / 78,44 / 82,03
SUPPORTS 62,86 / 65,66 / 69,25

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

RIPPLE [XRP] 8.75 TRY

Ripple lost a 0,35% value during morning hours and the current price is $0,6230. When we consider the XRP/USDT pair technically, XRP continues price action below the downtrend on November 10 and between the 0,5182-$0,7121 band. The price action in the 4-hour chart hasn't shown a breakout of the sideways trend yet. An upwards break could trigger a rise towards the $0.7121 level.

RESISTANCES 0,6341 / 0,6416 / 0,6533
SUPPORTS 0,5957 / 0,6032 / 0,6149

RIPPLE [XRP] 8.75 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 987.92 TRY

LTC lost a 0,45% value during morning hours, and the current price is $110,6. When we consider the LTC/USDT pair technically, LTC had a sideways trend between $113,1 and $104,9. But yesterday, it broke the $113.1. This morning, there are retesting movements. So, a rise towards $122 can follow, as we mentioned in the daily newsletter yesterday.

RESISTANCES 119,75 / 125,10 / 130,83
SUPPORTS 97,59 / 102,94 / 108,67

LITECOIN [LTC] 987.92 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 1,30% value during morning hours, and the current price is $17.41.
When we consider the LINK/USDT pair technically, LINK continues price action inside the ascending channel as of July 2020 in the weekly chart. Every price movement marked in blue is the support level demanded by the investors. In the 4-hour chart, the $16.80 level is read as an important short-term support level. As long as it persists above this level, upward movements towards the $19.50 level can be seen.

RESISTANCES 17,79 / 18,40 / 18,95
SUPPORTS 15,49 / 16,10 / 16,64

BASIC ATTENTION TOKEN [BAT] 5.62 TRY

BAT lost a 0,75% value during morning hours, and the current price is $0,8496. When we consider the BAT/USDT pair technically, the outlook stays same. BAT, which has tested 5 times before and has broken the strong uptrend that has existed since June 2021 recently, is now retesting the trend. If BAT fails to break above the $0.8757 level, which coincides with the uptrend and is an important horizontal resistance level, a pullback towards the blue-marked support zone can follow.

RESISTANCES 0,8544 / 0,8724 / 0,8853
SUPPORTS 0,7926 / 0,8106 / 0,8235

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

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