DAILY CRYPTOCURRENCY NEWS

Grayscale Overtakes the World's Largest Gold Fund

Grayscale has announced the value of its assets under management at $60.8 billion. Grayscale Bitcoin Trust is the largest of the products with 43,6 billion dollars, while Ethereum Trust has 14,9 billion dollars. The latest figures show that Grayscale Investments has overtaken the leading gold fund SPDR Gold Shares (GLD). SPDR Gold Shares has net assets of $59.26 billion and is currently in second place after Grayscale.

AMC Now Accepts Payments in Cryptocurrency

AMC Entertainment Holdings, the world's largest theater chain, has started accepting payments with crypto money online. AMC theaters will now accept payments in four different cryptocurrencies: Bitcoin, Litecoin, Ethereum, and Bitcoin Cash.

Taproot, Highly-Anticipated Bitcoin Update, Has Activated At Block Height 709,632

Taproot, the highly anticipated upgrade of Bitcoin, has finally been activated and is intended to provide better scalability, privacy, and security on the network, allowing developers to integrate new features into the Bitcoin network.

Ripple Will Strengthen the First-of-Its-Kind Payment Corridor Between UAE and Pakistan

Bank Alfalah, one of Pakistan’s most prominent private banks, has joined forces with LuLu Exchange, the Abu Dhabi-based remittance and foreign exchange company, to open a remittance corridor. Payments between the two countries will be made with the help of the RippleNet Cloud service.

Goldman Sachs: Gold Becomes Poor Man's Crypto

The head of energy research at Goldman Sachs said, "Just as we claim that silver is the poor man's gold, gold is maybe the poor man's cryptocurrency." said. As inflation fears increase, he sees that funds are starting to flow from gold to Bitcoin and said, "Historically, we have discussed that cryptocurrency and gold do not have to beat each other." said.

 VanEck BTC Futures ETF to Be Listed on November 16

A new futures Bitcoin ETF will begin trading on the Chicago Options Exchange on November 16 under the name "VanEck Bitcoin Strategy ETF". Bitcoin ETFs based on futures trading remain the only possible solution to exposure to the cryptocurrency market for institutional investors in the United States.

Indian Approves First ETF That Will Invest in Crypto Firms

The Securities and Exchange Board of India (SEBI) approved the Invesco CoinShares Global Blockchain UCITS ETF, making it a first of its kind in India.

72% of All Shiba Inu (SHIB) Owners Are in Profit

Although the meme cryptocurrency Shiba Inu (SHIB) has been experiencing high price volatility in recent days, data shows that the vast majority of SHIB investors are still in profit.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359513.41 TRY

Bitcoin gained a 0,43% value during morning hours; the current price is $65.831. Taproot, the highly anticipated upgrade of Bitcoin, has finally been activated and is intended to provide better scalability, privacy, and security on the network, allowing developers to integrate new features into the Bitcoin network.

When we consider the BTC/USDT pair technically, Bitcoin, which continues to move within the ascending channel that exists as of July 20, found support near $63.000 (middle-band). In BTC, which started the week positively, although the daily metrics have not yet given a buy signal in the daily chart, the 4-hour metrics give a buy signal. We expect the positive outlook to continue. The initial price target is $69,000, the historical peak level, while the $ 76,000 level (upper channel band) can be determined as the next target level.

RESISTANCES 66.757 / 67.713 / 69.293
SUPPORTS 64.221 / 62.641 / 61.685

BITCOIN [BTC] 359513.41 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24646.83 TRY

Ethereum gained a 1,90% value during morning hours, and the current price is $4714. The amount of ETH held on exchanges continues to decrease every day. When we look at the on-chain metrics provided by Glassnode, the amount of ETH held on the exchanges is only 11.83 percent of the total amount of ETH in circulation. 

When we consider the ETH/USDT pair technically, ETH, moves in the ascending channel which exists since the beginning of October. ETH, which retreated to $4550 (the subband) yesterday, along with the support it found from this level, broke the downward trend that existed as of November 10 in the upward direction. In the 4-hour chart, it appears a buy signal from MACD. Our first price target for ETH is $4870 level, which coincides with the middle band, it might continue move in the channel.

RESISTANCES 4779 / 4854 / 4987
SUPPORTS 4364 / 4438 / 4571

ETHEREUM [ETH] 24646.83 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.04 TRY

AVAX gained a 3,70% value during morning hours, and the current price is $99,27. When we consider the AVAX/USDT pair technically, AVAX has been continuing its price movement within the ascending channel as of August. AVAX, which has tested the mid-range band many times over the past week, is priced just above the $98.50 level, which corresponds to the mid-channel band as of this morning. We think that if the positive trend continues in the daily and short-term metrics, the increases may continue towards the 130-dollar level, which coincides with the channel upper band, if there is a persistence above the middle band for AVAX.

RESISTANCES 102,96 / 107,35 / 113,01
SUPPORTS 82,86 / 87,25 / 92,91

AVALANCHE [AVAX] 319.04 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.66 TRY

Ripple gained a 1,90% value during morning hours, and the current price is $1,2089. Bank Alfalah, one of Pakistan’s most prominent private banks, has joined forces with LuLu Exchange, the Abu Dhabi-based remittance and foreign exchange company, to open a remittance corridor. Payments between the two countries will be made with the help of the RippleNet Cloud service.

When we consider the XRP/USDT pair technically, XRP, which moves in the ascending channel as of September 21, had a sideways trend below the midrange band.  XRP, which is on the rise with the weekly candle opening, is retesting the midrange band. If it breaks the midrange level of $1.215, we expect the rises to continue towards the $1.41 level (the upper band).

RESISTANCES 1,2317 / 1,2498 / 1,2817
SUPPORTS 1,1317 / 1,1498 / 1,1817

RIPPLE [XRP] 8.66 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 989.01 TRY

    
LTC lost a 0,10% value during morning hours; the current price is $ 279,1. In accordance with the Visa meetings, Litecoin Card is agreed on to be issued. Thus, American folk can use it to make daily payments.

When we consider the LTC/USDT pair technically, LTC, which continues to move within the ascending channel that exists as of July 20, has a positive outlook. In terms of the project, daily and short-term metrics support a rise signal. The upper band level of $315 is our first price target.

RESISTANCES 290,66 / 302,53 / 323,78
SUPPORTS 224,42 / 236,29 / 257,54

LITECOIN [LTC] 989.01 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 1,10% value during morning hours, and the current price is $34,19. When we consider the LINK/USDT pair technically, LINK, which moves in the ascending channel as of September 21, could hold onto the midrange band, despite the pullbacks on the weekend. LINK has a long-term cup-and-handle pattern. To approve the pattern, a price movement that lasts a few days above $36 should occur. If LINK resolves sales pressure, an upward price movement will accelerate.

RESISTANCES 34,95 / 35,72 / 36,94
SUPPORTS 30,97 / 31,73 / 32,96

BASIC ATTENTION TOKEN [BAT] 5.62 TRY

BAT gained a 2,80% value during morning hours, and the current price is $1,1825. When we consider the BAT/USDT pair technically, BAT, which found support at $1,0637 (Fibo'61,80) recently, faced resistance at Fibo'78,60 while rising. If it closes the day above Fibo'78,60, it can rise to $1,50.

RESISTANCES 1,2128 / 1,2399 / 1,2869
SUPPORTS 1,0646 / 1,0917 / 1,1387

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

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