DAILY CRYPTOCURRENCY NEWS

Gucci Will Agree to Pay with Cryptocurrency in its Stores!

Gucci, who has made efforts towards Web 3.0 in the past, has announced that it will accept 12 cryptocurrencies as a payment method in some stores in the USA with the last step it has taken.

Valkyrie Launches Mono-Wealth Trust Fund for Avalanche!

Crypto asset management firm Valkyrie said it has expanded its "trust" service to the Avalanche ecosystem. According to the announcement, Valkyrie Avalanche Trust (VAVAX) will only invest in AVAX, the native coin of the Avalanche network. 

Polkadot Launches Cross-Consensus Messaging!

Polkadot launched the messaging system using the “Interconsensus Messaging” format. With this system, all Polkadot-based blockchains will be able to communicate directly and transfer NFTs freely.

New Arrangement for Bitcoin Miners from Kazakhstan!

With the new ministerial order, Kazakhstan has required regular status reports from crypto miners. According to the instructions, information such as locations of mining facilities, IP addresses, power consumption volume, number of mining equipment, personnel size and planned investments should be presented in the report. 

New President of South Korea Postpones Cryptocurrency Taxes!

South Korea's new president, Yoon Seok-yeol, said in a statement that South Korea would try to delay the taxation of cryptocurrencies investment gains to encourage consumer protection, at least until the Digital Asset Basic Act passes.

Bitcoin Hash Rate Breaks Record!

Bitcoin Hash Rate Reaches All-Time High The Bitcoin halving, which has reached the 105,000th block since the last halving, has reached the halfway point. "As a result of the Halving cycle, the current supply of Bitcoins decreases and the value of Bitcoins that have not yet been issued increases," Cryptopedia stated.

Chainlink to Power Latin America Real Estate Platform!

Chainlink, which will automatically and securely make rental payments to property owners of the Latin American real estate platform, reported that it is preparing to add a new blockchain usage for the sector. Besides, the decentralized oracle network Chainlink will power a tokenized real estate platform serving the Latin American real estate market.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 350055.29 TRY

Bitcoin lost a 0,30% value during morning hours and is priced around $36.325. Bitcoin Hash Rate has reached all time high. The Bitcoin halving, which has reached the 105,000th block since the last halving, has reached the halfway point. "As a result of the Halving cycle, the current supply of Bitcoins decreases and the value of Bitcoins that have not yet been issued increases," Cryptopedia said. When we consider the BTC/USDT pair technically, the price movement continues within the current ascending channel as of January 24th. BTC, which retreated towards the channel lower line with the investor tension focused on the Fed's statement, found support from the same line with the arrival of the expected explanation. With the strong sales that came with the American index yesterday, the positive outlook disappeared. As of the daily candle close, we expect the drop in BTC, which has a bullish engulfing candle formation, to continue in the short term.

RESISTANCES 38.949 / 41.429 / 43.089
SUPPORTS 34.809 / 33.149 / 30.669

BITCOIN [BTC] 350055.29 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24319.99 TRY

Ethereum lost a 0,20% value during morning hours and is priced around $2741. When we consider the ETH/USDT pair technically, ETH, which continues its price movement within the ascending channel, has recently found support from the level of 2720 dollars (the lower line). Along with the sales pressure over risky assets, a red day appeared in cryptocurrencies. Although the bearish engulfing formation occurred as of the daily close yesterday, ETH analysis can be read as having found support from the channel lower line. We think that short-term investment strategies will be more appropriate for ETH, which we see as post-FED positivity has been wiped out.

RESISTANCES 2898 / 3049 / 3155
SUPPORTS 2383 / 2534 / 2640

ETHEREUM [ETH] 24319.99 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 318.47 TRY

AVAX lost a 1,30% value during morning hours and is priced around $58. Crypto asset management firm Valkyrie said it has expanded its "trust" service to the Avalanche ecosystem. According to the announcement, Valkyrie Avalanche Trust (VAVAX) will only invest in AVAX, the native coin of the Avalanche network. 

AVAX, which broke the strong uptrend that it has tested many times before, there was a pullback and negative segregation according to the market, as well as a withdrawal to the demand area marked with blue, which is the demand area of about 1 year. Although the positive outlook was wiped out with the daily close, we think that AVAX can find support from the strong support zone marked in blue as long as the zone is not lost.
 

RESISTANCES 65,46 / 72,59 / 77,06
SUPPORTS 42,26 / 49,39 / 53,86

AVALANCHE [AVAX] 318.47 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.20 TRY

Ripple gained a 1,30% value during morning hours and is priced around $0.6054. When we consider the XRP/USDT pair technically, there is no major change in the outlook. When we consider the XRP/USDT pair technically, in XRP, which continues its price movement within the existing horizontal channel as of February, the channel lower line has recently broken downwards and there has been a pullback up to the previous supply-demand zone of 0.64-0.58 dollars. We believe that this zone will not be lost in the short term and the rise for XRP will continue in the short term.

RESISTANCES 0,6416 / 0,6771 / 0,7070
SUPPORTS 0,5108 / 0,5463 / 0,5762

RIPPLE [XRP] 8.20 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 964.41 TRY

LTC gained a 0,52% value during morning hours and is priced around $97.1. When we consider the LTC/USDT pair technically, there is no major change in the outlook. In LTC, which experienced a sharp rise after the Fed, the positive outlook disappeared with the sales pressure arriving. LTC could find support at $96, even if the daily close signalled a continuous drop. In our opinion, it's just at a level which targets a short-term investment.

RESISTANCES 103,79 / 110,52 / 114,90
SUPPORTS 81,57 / 88,30 / 92,68

LITECOIN [LTC] 964.41 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 0,10% value during morning hours and is priced around $10.92. Chainlink, which will automatically and securely make rental payments to property owners of the Latin American real estate platform, reported that it is preparing to add a new blockchain usage for the sector. Besides, the decentralized oracle network Chainlink will power a tokenized real estate platform serving the Latin American real estate market.

When we consider the LINK/USDT pair technically, this horizontal channel (which exists for about 1 year) has recently been lost downwards in the parity. Although there was a very quick recovery after the Fed statements, LINK still retreated to the 500-day-lowest level and a negative price movement might continue for a short-term.

RESISTANCES 11,75 / 12,64 / 13,20
SUPPORTS 08,84 / 09,73 / 10,29

BASIC ATTENTION TOKEN [BAT] 5.48 TRY

BAT lost a 0,80% value during morning hours, and is priced around $0.5807. When we consider the BAT/USDT pair technically, in BAT, which retreated to the dip level of February 28 ($0.56-0.58), the channel lower line, could finally surge after the Fed explanation. In the daily chart metrics, we see that buy signals are still active. The support zone at $0.56-0.58 as of the daily close is maintained, we do not expect a short-term sharp drop as long as this zone is not lost downwards.

RESISTANCES 0,6376 / 0,6934 / 0,7288
SUPPORTS 0,4552 / 0,5110 / 0,5464

BASIC ATTENTION TOKEN [BAT] 5.48 TRY +7.00 +0.03 VOL 21 BAT

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