DAILY CRYPTOCURRENCY NEWS

Google Plans to Let Users Hold Bitcoin on Digital Cards

According to a Bloomberg report, tech giant Google will expand its payment capabilities with Bitcoin. The company is trying to surpass its competition in terms of online services. 

Ethereum Fees Drop 35% Since Last Week, Average ETH Gas Fee Still Over $30 per Transfer

According to statistics, Ethereum network transaction fees have dropped 35% from the transfer fees recorded seven days ago. The average fee to transact with Ethereum is currently 0.0099 ether or $30.85 to $33.04 per transfer. 

SEC Advisory Committee Member Calls Agency to Open for Public Comment on Crypto Regulation

Associate law professor and member of the Securities and Exchange Commission’s Investor Advisory Committee J.W. Verret is calling for the government agency to open for public comment in regard to digital asset regulation.

$140 Billion Asset-Management Firm Considers Launching Crypto Fund

CEO Luke Ellis said at Bloomberg's The Year Ahead event that the investment company Man Group, which manages about $140 billion in assets: "It's something we are considering. Creating a cryptocurrency fund for clients." He noted: "There’s an awful lot of ways of just sitting passively on crypto, you can go buy the underlying, there are all sorts of ETFs, and so on. We’re not going to do something like that.

Survey Shows 67% of Canadians Want to Receive Payments in Crypto By 2027
Receiving payments in crypto is gaining interest in Canada. A recent Capterra survey of 1.000 Canadian respondents found that 67% of respondents are interested in receiving payments in cryptocurrency over the next five years.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 358997.91 TRY

Bitcoin gained a 0,50% value during morning hours; the current price is $41.939. When we consider the BTC/USDT pair technically, BTC continues price action below the downtrend on November 10. When we look at the MACD in the daily chart, there is a buy signal, but the sales pressure will not end without a breakout of the downtrend. BTC, which retreated towards Fibo'38,20 yesterday, wiped out some of the intraday losses with support from the zone close to this level. If this level breaks down, the decline towards $39.000 will continue.

RESISTANCES 42.691 / 43.305 / 44.063
SUPPORTS 41.319 / 40.561 / 39.947

BITCOIN [BTC] 358997.91 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24594.70 TRY

Ethereum gained a 1,10% value during morning hours, and the current price is $3117. When we consider the ETH/USDT pair technically, ETH went above the uptrend as of August, finding support at $2985. But this trend could not hold on and broke it downwards. After this downward breakout, ETH gained a downward price movement and fell to $3.000. The reversal signal has not been received.

RESISTANCES 3178 / 3226 / 3290
SUPPORTS 2954 / 3002 / 3066

ETHEREUM [ETH] 24594.70 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 317.52 TRY

AVAX gained a 0,41% value during morning hours, and the current price is $83,21. When we consider the AVAX/USDT pair technically, AVAX had retreated to $79.80 (support level) in the weekly chart. AVAX found support near this zone yesterday and wiped out some intraday losses. The $79-83 band worked as support. If enough demand for a rise cannot occur, the positive outlook ends and closes the day below $79.

RESISTANCES 85,80 / 88,32 / 90,68
SUPPORTS 76,04 / 78,56 / 80,92

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

RIPPLE [XRP] 8.77 TRY

Ripple gained a 0,45% value during morning hours, and the current price is $0,7411. When we consider the XRP/USDT pair technically, XRP could not catch the momentum after the breakout. As a result, it continues to retreat towards $0,7121. As we mentioned in the daily bulletin yesterday, there is no clear trend reversal in the metrics; the vital support level of $0,7121 should be followed. If the daily candle closes positive today, the daily RSI positive divergence in the XRP can be followed. It can also trigger a slight rise.

RESISTANCES 0,7561 / 0,7644 / 0,7804
SUPPORTS 0,7075 / 0,7158 / 0,7318

RIPPLE [XRP] 8.77 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 987.34 TRY

LTC gained a 1,00% value during morning hours, and the current price is $137,6. When we consider the LTC/USDT pair technically, LTC had broken the downtrend as of November. So, a momentum continued to the 50MA level ($153). It faced resistance at the 50MA level and majors dropped yesterday. LTC broke the level of $145 downwards and fell to $133. As we mentioned in the daily bulletin yesterday, a price movement towards $130 levels is expected for LTC, which has not received a clear reversal signal for.

RESISTANCES 142,29 / 145,88 / 150,76
SUPPORTS 125,35 / 128,94 / 133,82

LITECOIN [LTC] 987.34 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 0,55% value during morning hours, and the current price is $21,49. 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. We think that the retracements may continue towards the $20 level for LINK, which is retesting the short-term uptrend of the ascending triangle formation this morning.

RESISTANCES 22,63 / 23,65 / 24,33
SUPPORTS 19,22 / 20,24 / 20,93

BASIC ATTENTION TOKEN [BAT] 5.62 TRY

BAT gained a 0,75% value during morning hours, and the current price is $0,9649. When we consider the BAT/USDT pair technically, the outlook stays same. BAT had broken the uptrend as of November last Thursday and closed the day below. Then, BAT retested this trend but faced resistance and dropped. As we mentioned in the daily bulletin yesterday, BAT experienced a pullback to $0,95. If there is no demand from those levels, the price movement towards $0,88 can be seen.

RESISTANCES 0,9968 / 1,0274 / 1,0523
SUPPORTS 0,8858 / 0,9164 / 0,9413

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

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