DAILY CRYPTOCURRENCY NEWS

Grayscale Will Partner with TIME

Corporate fund manager Grayscale partnered with New York-based TIME magazine to produce an educational video series on crypto assets. In addition, TIME will keep the Bitcoin, which it receives as a payment, on its balance sheet without converting it to fiat currency.

BTC's Market Value Exceeds that of the Payment Giants

According to AssetDash data, Bitcoin's market value of $1.1 trillion exceeds the total market value of payment giants Visa and MasterCard by $200 million. 

Galaxy Digital Files a Bitcoin ETF Application

Galaxy Digital has filed a Bitcoin ETF application with the US Securities and Exchange Commission. SEC has also recently taken two other Bitcoin ETF applications under evaluation. Apart from these two, there are six more applications pending for the approval of the SEC, including Galaxy Digital.

MicroStrategy Will Pay Board Directors in Bitcoin

Business analytics company MicroStrategy, 80% of its assets are Bitcoin, has announced that the board members will receive their salaries in Bitcoin, not fiat currencies from now on.

Venezuelan Company Enables Bitcoin and Other Cryptocurrencies Payments

Venezuela's largest satellite TV provider offers its customers the opportunity to pay their monthly bills with Bitcoin and other cryptocurrencies. The company aims to cut the dependency to fiat dollars and to provide its users with ease of making payments from anywhere in the country.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 374832.35 TRY

Bitcoin retested over $61,000, along with its positive process in the Asian session. There was a positive news flow yesterday, with the SEC's evaluation of WisdomTree's Bitcoin ETF application and Galaxy Digital's new ETF application. Considering that the current SEC chief is crypto-friendly, the confirmation news from this side will be positive for the course of BTC.

When we consider the BTC/USD parity, the intersection of the 7 and 30-day DEMA we mentioned yesterday has not yet occurred, but the trend continues in a positive direction. On the other hand, the flag formation confirms the $66,600 level as a continuation of the trend. This point also coincides with the midpoint of the major bullish channel. In BTC, the breakout of the $59,140 and $61,800 zone, where the Fibo'78.6-100 zone is, could also bring a rapid rise. The course is moving in a positive direction.

RESISTANCES 61.379 / 62.199 / 63.147
SUPPORTS 59.611 / 58.663 / 57.843

BITCOIN [BTC] 374832.35 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 25287.93 TRY

Ethereum is trading horizontally above $2,160 this morning. In the last 24 hours, the number of new accounts and active accounts increased by 5% and 8%, respectively. The main reason for this rise was the expected Berlin hardfork tomorrow and the decrease in network fees. In particular, the Berlin hardfork is also expected to ease the network and direct demand to the ERC-20 network.

When we consider ETH/USD technically, the correction we expected to the $2,140 level came and $2,100 was tested. However, although the bullish reaction from here confirms the support, the above $2,200 level could not be exceeded and prices squeezed in a 4-hour period. For now, while the horizontal movement continues, we see horizontal transactions in the support and resistance band and continue our horizontal trading strategy.

RESISTANCES 2213 / 2257 / 2313
SUPPORTS 2013 / 2057 / 2113

ETHEREUM [ETH] 25287.93 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 322.30 TRY

AVAX is pricing in the $33.30 zone with a 1.5% retracement this morning. Although the parity is experiencing a daily rise with an acceleration of 10% over the Fibo'38.20 slice at the $32.40 level, the parity is accompanied by some correction. An intermediate support level of $33.00 and a buyers movement above this level may bring the mid-channel level to the agenda at $36.50 again. In the pullbacks, there will be Fibonacci support at the $32.40 zone. Macro indicators give positive signals with the number of both collaborations and validators approaching 1000 in AVAX. For AVAX that maintains its potential, we maintain our three-digit targets over the long term.

RESISTANCES 35,82 / 38,00 / 40,36
SUPPORTS 26,73 / 28,92 / 31,28

AVALANCHE [AVAX] 322.30 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 9.17 TRY

Ripple is pricing around $1.55 this morning with a 5.5% price increase. Ripple founders Brad Garlinghouse and Chris Larsen have filed a new application to the court to dismiss the SEC's case. Ripple lawyers argue that the SEC's claims about Ripple so far cannot be supported by evidence. In the application for the denial of the lawsuit, it was argued that Ripple's XRP sales were made on foreign exchanges, not in the American market, so that there was no violation of US law. Thus, after the court rulings in favor of Ripple over the past week, a positive step for XRP has been taken by the company.

When the XRP/USD parity is technically considered, the parity continues its course in a minor trend, where it has left the major uptrend behind and started a more accelerated upward trend. Although the $1.31 major support level was tested multiple times, reaction purchases were decisive for the parity and persistence was dominant above $1.31. Thus, in the parity where the course is positive, the last correction of $1.50, the Fibonacci level, is also a psychological resistance, so buying volume above $1.50 could create accelerated price spikes. The initial resistance for the parity is around $1.70, while the $1.50 level will be followed in the retracements.

RESISTANCES 1,5211 / 1,5796 / 1,6795
SUPPORTS 1,2043 / 1,2628 / 1,3627

RIPPLE [XRP] 9.17 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 1008.45 TRY

Litecoin is up 2% this morning, at the $250 price level. CoinShares recently confirmed that it is launching Litecoin ETP. Later, a German stock exchange stated that they will create the Litecoin ETP and that they aim to enable European investors to access Litecoin safely. With the inclusion of cryptocurrency investments in the legal protection scope of the states, the investor spectrum is expanding.

If the LTC/USD parity is examined technically, the parity breaks the $244 channel mid-band, then brings candlestick closings above this level and confirms the breakdown. For the parity with persistence above $244, the $250 Fibonacci last slice could be the support and also the reaction zone. After initial resistance at $276, the upper band of the channel around $290 will be the target test zone for the rises. The channel is positive in the mid-upper band of $244 and above.

RESISTANCES 260 / 269 / 278
SUPPORTS 260 / 269 / 278

LITECOIN [LTC] 1008.45 TRY +7.00 +0.03 VOL 21 LTC

Chainlink is pricing in the $32.85 zone this morning, with a 0.6% retracement on a daily basis. When the chainlink chain data is examined, the recovery in the new address numbers draws attention. However, as of April, smart contracts on Chainlink are regressing. This shows that LINK, which has expanded its dominance in the spot market, lags behind in terms of technology and functionality. Nevertheless, LINK, which plays a strong role in NFT and DeFi platforms, maintains its potential even though it loses some interest in it.

If the LINK/USD parity is technically handled, although the parity maintains its stable course on the uptrend, the upward momentum has declined somewhat after the news-based spikes, the parity is trying to settle at the current price levels. In the 4-hour period, the MACD histograms have started to form on the negative side, but there is no strong sellers outlook, only creating some pressure on prices. For the parity at $35.00 and above, the trend could be more positive.

RESISTANCES 33,89 / 34,92 / 35,91
SUPPORTS 29,84 / 30,87 / 31,87

BASIC ATTENTION TOKEN [BAT] 5.69 TRY

Basic Attention Token is up 1% this morning. For BAT priced in the $1.43 zone, the double peak formation was noticeable, which constituted the $1.28 target pricing. However, the price did not hold below the $1.42 level and its formation did not confirm. The $1.47 channel upper band will be the first resistance for the parity, which did not confirm and formed reaction purchases. Above this level, $1.50 and above can be tested again with the continuation of the buyer's course. The course is positive. $1.36 will be the bullish channel mid-band and the first support zone for pullbacks.

RESISTANCES 1,4751 / 1,5186 / 1,5621
SUPPORTS 1,3011 / 1,3446 / 1,3881

BASIC ATTENTION TOKEN [BAT] 5.69 TRY +7.00 +0.03 VOL 21 BAT

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