DAILY CRYPTOCURRENCY NEWS

Invesco Withdrew its Bitcoin futures ETF Application

"Shortly, we decided not to continue the launch of a Bitcoin futures ETF," stated Invesco. And they added: "However, we will continue to work in partnership with Galaxy Digital to provide investors with a complete product with exposure to the crypto asset class, including a physically-supported digital asset ETF.”

Financial Advisors Managing $110 Trillion Can Now Offer Crypto Trading to Clients via Interactive Brokers

Registered investment advisors (RIAs) with about $110 trillion under management can now offer their clients cryptocurrency trading through Interactive Brokers. RIAs manage portfolios of almost 61 million clients.

Chainlink Whales Hold $431 Million in LINK

According to on-chain data provider Santiment, crypto whales added more than 15% of LINK supply to their bags over the past few months, buying on the dip.

US Treasury Department: Digital Assets Undermine US Sanctions Regime

A report released earlier this week by the Biden administration warned that digital assets threaten the U.S. sanctions program. In the U.S. Treasury Department report, "Technological innovations such as digital currencies, alternative payment platforms, and new ways of hiding cross-border transactions all potentially reduce the efficacy of American sanctions," said.

Chainalysis Adds Bitcoin to Its Balance Sheet and Will Continue to Add

Blockchain analytics firm Chainalysis plans to purchase an undisclosed amount of Bitcoin for the firm's balance sheet via the brokerage services of New York Digital Investment Group.

ProShares' Bitcoin futures ETF Has a Historic Moment with a Trading Volume Over $1 Billion

The first Bitcoin futures ETF listed in the United States collected more than $1 billion in trading volume on the first day. The NYSE-listed ProShares Bitcoin Strategy ETF gained 4.85% from its opening price of $40 and closed at $41.94. This was the second largest ETF of all time in terms of trading volume.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 352064.50 TRY

Bitcoin lost a 0,80% value during morning hours; the current price is $63.865. The first Bitcoin futures ETF listed in the United States collected more than $1 billion in trading volume on the first day. The NYSE-listed ProShares Bitcoin Strategy ETF gained 4.85% from its opening price of $40 and closed at $41.94. This was the second-largest ETF of all time in terms of the trading volume.

When we consider the BTC/USDT pair technically, we see that the progress and price movement are positive. Last night, the ATH level of $64.899 was expected to be broken, but the rise is limited to $64.500. There are no reversal signals in the daily metrics; the intersection of DEMA-7 with DEMA-14 still gives a buy signal. Yesterday, it continued its rise with an above-average trading volume again. Our first price target for BTC, the previous peak level of $64.899, might be broken soon.

RESISTANCES 65.104 / 66.227 / 68.055
SUPPORTS 62.153 / 60.325 / 59.202

BITCOIN [BTC] 352064.50 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24557.46 TRY

Ethereum lost a 0,90% value during morning hours, and the current price is $3847. The last numbers of ETH burning operations show that 578.434 of ETH is burned, worth roughly $2.226.629.686.

When we consider the ETH/USDT pair technically, having tested the neckline $3685 in the head-and-shoulders pattern on Monday, ETH continued its rise with the support at this level. ETH has a bullish engulfing candle on the daily close. We expect a consistent rise for ETH. ETH has not changed its pattern so far; our price expectation is still $4600, the head-and-shoulders pattern target.

RESISTANCES 3921 / 3987 / 4077
SUPPORTS 3609 / 3676 / 3765

ETHEREUM [ETH] 24557.46 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.65 TRY

AVAX gained a 0,55% value during morning hours, and the current price is $57,32. When we consider the AVAX/USDT pair technically, AVAX has been moving in the ascending channel, which exists as of August 18, is priced near the sub-band. AVAX, which broke the downward trend upwards as of September 23, is moving below the 50-MA ($58,56). If it breaks the 50-MA (the critical resistance level in the short-term) upwards and closes the day above, it can rise towards $80 (mid-level of the channel).

RESISTANCES 58,48 / 59,70 / 61,30
SUPPORTS 52,84 / 54,06 / 55,66

AVALANCHE [AVAX] 316.65 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.24 TRY

Ripple gained a 0,55% value during morning hours, and the current price is $1,0985. When we consider the XRP/USDT pair technically, XRP, which closed the day below the 50-MA of $1.0847, by the sales below the volume average on Monday, has been pricing above this level for the last two days. MACD gave a sell signal in the daily chart, though; a buy signal has appeared in the 4-hour chart. As we mentioned in the bulletin yesterday, we do not expect sharp declines for XRP as long as it holds onto the 50MA.

RESISTANCES 1,1190 / 1,1337 / 1,1583
SUPPORTS 1,0404 / 1,0551 / 1,0797

RIPPLE [XRP] 8.24 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 975.23 TRY

LTC lost a 1,50% value during morning hours; the current price is $186. When we consider the LTC/USDT pair technically, LTC, which had been moving between 50-and 200-MA for a long time, closed the day at 200-MA level ($188,8) yesterday. For LTC, which started the day with a slight pullback this morning, MACD protects its buy signal in the daily chart, and there is no negative divergence in the short-term metrics. If LTC closes the day above 200-MA, it will sedate sales pressure and trigger a rise.

RESISTANCES 190,25 / 193,72 / 197,09
SUPPORTS 176,57 / 180,04 / 183,41

LITECOIN [LTC] 975.23 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 0,5% value during morning hours, and the current price is $25,96. When we consider the LINK/USDT pair technically, there isn't any different situation from yesterday's outlook. LINK fell down the 50-MA ($26,89) this weekend. The metrics give a sell signal in the daily chart. LINK is priced in an upward direction, along with the support of $24,81 (Fibo'61,80). LINK has had a sideways trend for a long time. The current sales pressure will not end as long as LINK does not break the $27,48 level (200-MA) upwards.

RESISTANCES 26,45 / 26,87 / 27,44
SUPPORTS 24,47 / 24,89 / 25,46

BASIC ATTENTION TOKEN [BAT] 5.53 TRY

BAT lost a 0,90% value during morning hours, and the current price is $0,6746. When we consider the BAT/USDT pair technically, BAT has been holding onto the support at $0,6762 (Fibo'50) for a long time, retreated again towards $0,6762 this morning. The level is critical. MACD gave a sell signal yesterday in the daily candle close. The short-term metrics do not show a recovery for BAT. However, if the $0.6762 level breaches, this may lead to another downward price movement.

RESISTANCES 0,6927 / 0,7101 / 0,7205
SUPPORTS 0,6371 / 0,6545 / 0,6649

BASIC ATTENTION TOKEN [BAT] 5.53 TRY +7.00 +0.03 VOL 21 BAT

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