DAILY CRYPTOCURRENCY NEWS

Icrypex Became The First Turkish Cryptocurrency Exchange To List AVAX!

Avalanche (AVAX), which was created by Turkish computer scientist Emin Gün Sirer using an original consensus protocol, started to be traded on Icrypex. AVAX enables the development of decentralized applications (dApps) and decentralized finance (DeFi) protocols.


95% of Winners in China's CBDC Lottery Spend Digital Yuan Awards
Shenzhen launched a program to promote digital Yuan with a public gift on October 9. The raffle organizers have announced that if the winners do not spend by October 18, they will take back the unused digital Yuan packs. Some winners not only spent their digital Yuan but also purchased another 901,000 yuan ($ 134,000) to add to their wallets.


Important Digital Currency Statements by the President of the US Federal Reserve (Fed)

President Powell made statements that "the Libra project is encouraging central banks towards the digital currency system." On behalf of the Fed, he said that digital currencies can improve transfers, but they have not yet decided to issue a CBDC, and he said, "It is necessary to cooperate with the private sector in terms of CBDC."

"Digital Money" Warning from IMF

Powell warned that digital currencies may bring along some risks and difficulties as well as their benefits and that "it may reduce the ability of local governments to conduct monetary policy". In addition, it was mentioned that cross-border payments can be as easy as sending an e-mail.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359330.72 TRY

Bitcoin is trading at $11,700 levels this morning, with gains close to 4% against the dollar. Yesterday's transactions were very limited in volume values, and the price spreads between global exchanges were in historical deficits. Although BTC and other altcoins were negatively affected in terms of volume, we did not see a decrease in price as the concerns of COVID-19 in global markets relapsed. As investors continue to hoard (hold on), gains on BTC addresses continue to grow steadily. BTC-S & P500 1 month correlation of 58% easily explains the relationship between macro course and BTC.

When we consider BTCUSD technically, the movements are continuing within the rising channel, it is seen that the flag formation continues and confirms and supports the continuation of the trend. The top of the channel coincides with the $12,000 level, and it has broken its horizontal at $11,550. 

RESISTANCES 11,750/ 11,830/ 12,000/ 12,200
SUPPORTS 11,500/ 11,430/ 11,350/ 11,200

BITCOIN [BTC] 359330.72 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24628.97 TRY

Ethereum is trading at the $ 377 level this morning, which is pretty flat. While the US elections and developments regarding COVID-19 in global markets encouraged investors to safe havens, Bitcoin's doing a good job and establishing confidence away from volatility decreased the dominance of ETH.

When we look at ETHUSD technically, although we see that it is in a wide bullish channel, the failure to break the $ 395 levels in the shorter term has given a double peak here. Our horizontal band continues in the range of $ 364-380.

RESISTANCES 381/ 385/ 389/ 395
SUPPORTS 373/ 370/ 365/ 357

ETHEREUM [ETH] 24628.97 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.48 TRY

RESISTANCES 4,0570/ 4,0780/ 4,0800/ 4,110
SUPPORTS 4,0340/ 4,0220/ 4,0000/ 3,9800

AVALANCHE [AVAX] 319.48 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.78 TRY

RESISTANCES 0,2530/ 0,2550/ 0,2585/ 0,2630
SUPPORTS 0,2440/ 0,2400/ 0,2350/ 0,2240

RIPPLE [XRP] 8.78 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 989.19 TRY

RESISTANCES 11,500/ 11,430/ 11,350/ 11,200
SUPPORTS 46,70/ 46,00/ 45,30/ 44

LITECOIN [LTC] 989.19 TRY +7.00 +0.03 VOL 21 LTC

RESISTANCES 10,90/ 11,00/ 11,70/ 12,20
SUPPORTS 10,60/ 10,30/ 10,10/ 9,50

BASIC ATTENTION TOKEN [BAT] 5.65 TRY

RESISTANCES 0,2160/ 0,2200/ 0,2260/ 0,2320
SUPPORTS 0,2110/ 0,2080/ 0,2070/ 0,2040

BASIC ATTENTION TOKEN [BAT] 5.65 TRY +7.00 +0.03 VOL 21 BAT

We always love and support sports!

We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.