DAILY CRYPTOCURRENCY NEWS

How Much Will Ethereum Stake Rewards Be?

The staking (locking) process of 524,288 Ethereum has been completed in order to start the Ethereum 2.0 network. Annual staking revenue on the network will be 21.6%. However, with the increase in the amount of staking, the staking rewards will decrease inversely. For example, if 1 million ETH is staked, the annual return will decrease up to 15.7%.


Sees Great Potential In Cryptocurrencies At Visa After PayPal

Visa CEO Alfred Kelly said he saw great potential in cryptocurrencies. He said digital assets would be beneficial in countries with a high number of people without bank accounts. It may take a while for Visa to fully adopt this emerging technology.

Ethereum 2.0 Goal Complete

The Ethereum 2.0 staking deposit contract had reached 60% of the threshold required for Phase 0 to start as of yesterday. By completing the remaining 40% in one day, the required stake amount for the launch of the Ethereum 2.0 Beacon Chain has been reached.

Demand for Bitcoin Increased

According to an investor letter published last week, it announced that PayPal has purchased more than 70% of all Bitcoin mined last month. PayPal began responding warmly to its crypto offering to US customers earlier this month.

Cryptocurrency Proposal for TBMM

While the new type of Coronavirus (Covid-19) epidemic continues to spread, Health Commission President Recep Akdağ stated that a series of measures should be implemented to prevent the spread of the virus. Among these measure proposals of Akdağ is the use of "cryptocurrency". He highlighted the importance of using digital currency as much as possible to prevent transmission of the virus.

BTC Amount Increases in Cold Wallets

According to Santiment, 14.8 Million Bitcoins, 77% of the Bitcoins mined, are kept in cold wallets. Approximately 23% of Bitcoins are traded in active circulation. The high long-term expectations of investors seem to have increased the demand for cold wallets.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 350496.78 TRY

Bitcoin price is priced around $ 18,400 this morning with horizontal transactions. According to Santiment's analysis, 14.8 million Bitcoins, 77% of Bitcoins, are kept in cold wallets. For Bitcoin, which will be produced in a limited number of 21 million units, forward supply concerns may cause prices to support a certain band. In addition to all of these, we see that the rise in BTC prices has stalled for the past two days, as the rotation change for Ethereum due to the Ethereum 2.0 update has reduced the market dominance of BTC from 66% to 60%. In addition to all these, the dissolution request in gold funds can also shift to Bitcoin.

When we consider BTC / USD technically; It remained weak in subsequent bullish attempts after testing the upper band of the bullish channel at $ 18,960. For now, the outlook is somewhat weak in BTC / USD, which is a minor trend in the channel. Although the major trend is in the upward direction, corrections can be seen within the trend. $ 18,300 is today's reference level, but the BTC / USD price could extend its correction behind this level towards the 17,900 and 17,400 levels.

RESISTANCES 18,715 / 19,015 / 19,295
SUPPORTS 18,130 / 17,855 / 17,550

BITCOIN [BTC] 350496.78 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24287.11 TRY

While the target amount to be staked for 2.0 update is reached in Ethereum, the expectations for the update to be reached by December 1 are intensifying. As such, we witnessed rapid increases in pricing. Testing the $ 620 levels yesterday, ETH / USD has reached its highest level since June 2018. We see that the demand for Ethereum has increased and even Bitcoin has led to a decline in market dominance.

When we consider the ETH / USD technically, we see that the double bottom formation in the weekly period is trying to increase the upward momentum by turning to the upper resistance of the channel with the completion of the technical target of $ 570. Currently supporting the $ 590 level below, ETH failed to break the $ 630 resistance above, forming a band here. The outlook remains bullish and positive.

RESISTANCES 635 / 650 / 685
SUPPORTS 585 / 550 / 535

ETHEREUM [ETH] 24287.11 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 317.25 TRY

RESISTANCES 4,2560/ 4,4100/ 4,5510
SUPPORTS 3,9615/ 3,8210/ 3,6670

AVALANCHE [AVAX] 317.25 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.20 TRY

RESISTANCES 0,7640 / 0,8515 / 1,0000
SUPPORTS 0,5195 / 0,3620 / 0,2745

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

LITECOIN [LTC] 966.84 TRY

RESISTANCES 93,75 / 96,90 / 101,60
SUPPORTS 85,85 / 81,15 / 78,00

LITECOIN [LTC] 966.84 TRY +7.00 +0.03 VOL 21 LTC

RESISTANCES 16,55/ 17,30/ 18,30
SUPPORTS 14,80/ 13,80/ 13,00

BASIC ATTENTION TOKEN [BAT] 5.49 TRY

RESISTANCES 0,2820/ 0,2970/ 0,3250
SUPPORTS 0,2400/ 0,2130/ 0,1980

BASIC ATTENTION TOKEN [BAT] 5.49 TRY +7.00 +0.03 VOL 21 BAT

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