Bitcoin lost a 2,16% value during morning hours; the current price is $57.411. Cathie Wood, CEO of ARK Invest, said that large institutional investors are hastily switching their assets to Bitcoin. In a new interview with Barron's, Wood says that institutions are interested in Bitcoin due to the lack of correlation with other assets.

When we consider the BTC/USDT pair technically, Bitcoin continues to move within the ascending channel that exists as of July 20. BTC retested the resistance level of $60.000 (50MA), going up on Friday and Saturday. But it could not break this level up. Bitcoin retreats towards $56.425 (Fibo'61,80) after dropping back. Pullbacks may continue because the weekly candle close has not a positive outlook.

Ethereum lost a 2,00% value during morning hours, and the current price is $4171. When we consider the ETH/USDT pair technically, ETH had risen to the $4450 level, wiped out its intraday gain on Saturday after the pullback throughout the market. ETH, which started the new week with a pullback, has found support at the 50MA level. ETH, which has a cup-and-handle pattern in the weekly chart, retested the $3980 level (upper line of the pattern). Even though the pullbacks are yet to come as of the new week, ETH has still positive outlook in the weekly chart and can rise towards the next pattern target ($6.000).

AVAX gained a 5,75% value during morning hours, and the current price is $136,19. AVAX increased 46.9% in the last seven days. Avalanche is ranked among the top digital assets with a market capitalization of $31.5 billion. AVAX, which experienced a rapid rise on November 21, reached an all-time high of $147 per unit, an increase of 3.795% in the 12 months.

When we consider the AVAX/USDT pair technically, AVAX, which stands out positively at weekend, profited above the market average. AVAX, which moves in the ascending channel as of August, reached the upper band level of $143 yesterday. Although the positive outlook continues in the daily chart, the pullback levels seem right for the profit realization.

Ripple lost a 1,75% value during morning hours, and the current price is $1,0352. When we consider the XRP/USDT pair technically, XRP, which moves in the ascending channel as of September 21, could rise to $1,016 (mid-range band) on Friday but not move forward. If XRP, which has retested the lower band again this morning, closes the day below this level, the pullbacks may deepen.

LTC lost a 2,65% value during morning hours; the current price is $215,7. When we consider the LTC/USDT pair technically, LTC, which continues to move within the ascending channel that exists as of July 21, retreated to the $201 level (50MA). Finding support from this level, LTC experienced a limited rise towards the mid-range band. MACD proceeds to give a sell signal in the daily chart. LTC can continue its short-term pullbacks.

LINK lost a 5,30% value during morning hours, and the current price is $27,45. When we consider the LINK/USDT pair technically, LINK, which broke its uptrend on September 21, tested the trend and 50MA this weekend. LINK, which had a pullback along with the resistance this morning, negatively impacts the metrics in the daily chart. The 200-day moving average ($26,48) should be followed in the short term when retreating.

BAT lost 4,10% value during morning hours, and the current price is $1,0298. When we consider the BAT/USDT pair technically, BAT broke uptrend on 30 October and tested this trend on Friday but could not break it upwards We expect BAT to retreat towards $0,9629 (Fibo'50), the important support level for BAT, which faced resistance this weekend after retesting.