DAILY CRYPTOCURRENCY NEWS

Grayscale Prepares for Legal Battle with SEC

If the SEC rejects Grayscale's ETF, the firm will be ready for a legal battle. The CEO of Grayscale said, “all options are on the table.”

Ripple's Take On Key to Understanding NFT Collectors

Ripple published 2022 reports on crypto trends under "New Value: Crypto Trends in Business and Beyond." According to the Ripple report, although music has the highest interest despite some minor differences, the collectibles rank second and gaming third.

Real Estate Company Emaar Accepts Bitcoin and Ethereum

Dubai's largest real estate company, Emaar, has now announced its acceptance of Bitcoin and Ethereum as a means of payment, according to a circular it sent to established real estate agents in the United Arab Emirates.

Google Searches for "Ethereum Merge" Searches Hits All Time

Ethereum Merge and Upgrade, which is expected to take place soon, has become one of the most curious issues in the last two weeks. According to Google Trend data, this topic attracts the most residents of Canada, Australia and Singapore.

Turkish Grand National Assembly Releases "Cryptocurrency" Report

The Turkish Grand National Assembly published a 68-page report under the title "Country Examples of Legal Regulations Regarding Crypto Assets". Besides, the report emphasized that for some countries, crypto assets are referred to as "threats" and for others as "opportunities" and that there is a lot of information pollution.

MicroStrategy Borrowed $205 Million to Buy BTC

MicroStrategy's Michael Saylor said on Tuesday that they had borrowed $205 million from Silvergate Capital, a crypto bank, because they wanted to own more Bitcoin.

Visa Launches Program to Boosting Creators

The payment giant Visa announced the Creator Program to help small businesses in areas such as music, film, and fashion grow their operations and business through NFTs.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 349792.52 TRY

Bitcoin lost a 0,86% value during morning hours and is priced around $47.248. When we consider the BTC/USDT pair technically, there is no major change in the outlook. The ascending triangle formation, which we have been talking about for a long time, broke upwards as of the weekly close. At the same time, the BTC, which broke the resistance level of 44,000-46,000 dollars upwards, experienced an increase up to $48300 (the 200MA level) when the sales pressure ended. Having short-term resistance from this level, BTC can retest the $45,000-46,000 band if it cannot break its 200MA upwards. If it happens with a breakdown, $51,000 is the next target.

RESISTANCES 48.311 / 49.052 / 49.904
SUPPORTS 46.718 / 45.866 / 45.125

BITCOIN [BTC] 349792.52 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24225.66 TRY

Ethereum lost a 1,10% value during morning hours and is priced around $3370. When we consider the ETH/USDT pair technically, the symmetrical triangle existing as of 12 January in the daily chart broke upwards yesterday and it is seen that it gained momentum, climbing up to $3400. ETH, which has faced a reaction in the last few days from its local peak level of $3411 on January 12, works as a short-term resistance level of 3411. Exceeding this level could raise it to $3600. $3200 is the first level of support when retreating.

RESISTANCES 3446 / 3501 / 3572
SUPPORTS 3193 / 3248 / 3319

ETHEREUM [ETH] 24225.66 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.27 TRY

AVAX lost a 0,55% value during morning hours and is priced around $92.14. When we consider AVAX/USDT pair technically, AVAX had a stagnated price movement as of January but broke the zone upwards. When sell-offs decreased, the levels around $95 became effective. The price movement continues above the short-term rising trend for AVAX, which is an important supply-demand region with a close reaction. As long as the trend is not lost downwards, it can provide momentum that will trigger the rise to $113.

RESISTANCES 97,78 / 100,77 / 105,31
SUPPORTS 82,72 / 85,71 / 90,25

AVALANCHE [AVAX] 316.27 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.19 TRY

Ripple gained a 0,30% value during morning hours and is priced around $0.8596. When we consider XRP/USDT pair technically, there is no major change in the outlook. In XRP, which broke its downward trend with positive news flows, daily close took place just above the level of 0.8579 dollars yesterday. We expect momentum to be gained towards $0.92, the previous local peak, XRP faced reaction from this level. The breakout of this level will move the XRP towards the level of 1 dollar.

RESISTANCES 0,9096 / 0,9408 / 0,9706
SUPPORTS 0,7876 / 0,8188 / 0,8486

RIPPLE [XRP] 8.19 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 963.60 TRY

LTC lost a 1,75% value during morning hours and is priced around $128.3. When we consider LTC/USDT pair technically, there is still a minor uptrend formation in LTC, which broke its long-standing downtrend last week and made the weekly closing above this level, as of March 14. Although we cannot talk about an approved breakout because the daily close has not yet occurred, the daily close may trigger pullbacks below the trend.

RESISTANCES 133,21 / 136,26 / 139,72
SUPPORTS 120,19 / 123,24 / 126,70

LITECOIN [LTC] 963.60 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 1,65% value during morning hours and is priced around $17.22. When we consider the LINK/USDT pair technically, there is no major change in the outlook. The price movement within the existing horizontal channel as of May 26, 2021 broke upwards as of February, and with the accompanying momentum, there was an increase to the local peak level of $17.45 yesterday. As of March 14, LINK, which has formed a minor rising trend, continues its price movement above this short-term trend. As long as the trend is not broken in the downward daily chart, we expect the rise to continue towards the level of 19 dollars.

RESISTANCES 17,44 / 17,94 / 18,50
SUPPORTS 15,31 / 15,81 / 16,37

BASIC ATTENTION TOKEN [BAT] 5.46 TRY

BAT lost a 1,60% value during morning hours, and is priced around $0.8784. When we consider BAT/USDT pair technically, the positive outlook sustains. BAT has a horizontal price movement. It could gain momentum along with the market, but the 200MA level (0.9255) worked as resistance. If it breaks this level upwards, it can rise towards $1.10.

RESISTANCES 0,9333 / 0,9657 / 1,0023
SUPPORTS 0,7953 / 0,8277 / 0,8643

BASIC ATTENTION TOKEN [BAT] 5.46 TRY +7.00 +0.03 VOL 21 BAT

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