DAILY CRYPTOCURRENCY NEWS

Investment Advisor Warns It's a Mistake to Ignore Crypto Assets

Blueprint Capital Advisors CEO Jacob Walthour says it’s a mistake to ignore crypto as an asset class.  He also predicts that crypto will outperform equities in the foreseeable future.

Ethereum Flipping Bitcoin Will 'Definitely' Happen, According to Macro Guru Raoul Pal

Raoul Pal, CEO of Real Vision, said that Ethereum (ETH) will "definitely" surpass the leading crypto asset in terms of market capitalization. In a recent YouTube interview with The Stakeborg Talks, the macro guru says that the current speed and growth of the Ethereum network will outperform Bitcoin (BTC) in the future.

Ripple CEO Says 2021 Is The Firm's Strongest Year Despite SEC Lawsuit

Garlinghouse claimed that 2021 was Ripple's "strongest year ever". The CEO noted that XRP-backed on-demand liquidity (ODL) payments account for 25% of the volume on RippleNet, and ODL transactions increased by 25 times compared to the third quarter of last year.

Visa Has More Than 60 Partnerships with Cryptocurrency Platforms

Credit card and financial services giant Visa has partnered with more than 60 crypto platforms to allow consumers to pay with digital assets. Speaking in an interview with NDTV, Visa's Head of Crypto Cuy Sheffield said that the financial services company has doubled its crypto currency partners in the last 18 months to promote the scale and scope of its project.

Decentraland Will Hold a New Year's Celebration in Times Square

The blockchain and crypto investor Digital Currency Group (DCG) and the international real estate firm Jamestown announced Wednesday that they’re going to recreate a significant cultural site within the virtual world platform Decentraland — One Times Square.

Marathon Digital Buys 78,000 Bitcoin Mining Machines Worth $900 Million

Marathon Digital Holdings, one of the largest cryptocurrency mining companies, has purchased 78,000 Antminer S-19 XP Miners from the Chinese manufacturer Bitmain. To purchase the equipment, the firm spent about $900 million.

Number of Non-Zero Ethereum Addresses Hits Record High Above 71M: Glassnode

The number of Ethereum addresses with a non-zero balance has reached an all-time high, just like this time last year. According to the blockchain data site Glassnode, there are currently 71,364,788 addresses holding the second largest cryptocurrency by market capitalization in its wallet.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 358874.31 TRY

Bitcoin gained a 0,64% value during morning hours; the current price is $46.750. Marathon Digital Holdings, one of the largest cryptocurrency mining companies, has purchased 78,000 Antminer S-19 XP Miners from the Chinese manufacturer Bitmain. To purchase the equipment, the firm spent about $900 million.

When we consider the BTC/USDT pair technically, the trend was retested from below this morning in BTC, which broke the strong uptrend that existed as of August 3, which was tested for the 8th time two days ago. If the daily close occurs under the rising trend in BTC, which cannot break up again with this retest, we expect the pullbacks to continue throughout the market, including Bitcoin.

RESISTANCES 47.899 / 49.021 / 49.971
SUPPORTS 45.827 / 44.877 / 43.755

BITCOIN [BTC] 358874.31 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24615.40 TRY

Ethereum gained a 1,00% value during morning hours, and the current price is $3667. The number of Ethereum addresses with a non-zero balance has reached an all-time high, just like this time last year. According to the blockchain data site Glassnode, there are currently 71,364,788 addresses holding the second largest cryptocurrency by market capitalization in its wallet.

When we consider the ETH/USDT pair technically, another important support level in ETH, the Fibo'50 zone ($3680), which recently broke the support zone marked in blue with an above-average trading volume, was broken down. There was no breakout in ETH, which rose to this level in the morning and made a retest. If the outlook continues this way in ETH, it may retreat to $3358 levels (200MA).

RESISTANCES 3800 / 3936 / 4048
SUPPORTS 3305 / 3441 / 3553

ETHEREUM [ETH] 24615.40 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 318.02 TRY

AVAX lost a 2,70% value during morning hours, and the current price is $100,45. When we consider the AVAX/USDT pair technically, the channel lower line was broken down with the decline experienced two days ago in AVAX, which continues price action inside the ascending channel that exists as of August, and sales continue. It broke the $104,80 (50MA) and found support at 98,14 (Fibo'61,80). But this support is expected to remain limited, and the pullback will continue for some time.

RESISTANCES 107,28 / 114,07 / 118,58
SUPPORTS 84,68 / 91,47 / 95,98

AVALANCHE [AVAX] 318.02 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.79 TRY

Ripple gained a 0,85% value during morning hours, and the current price is $0,8246. Garlinghouse claimed that 2021 was Ripple's "strongest year ever". The CEO noted that XRP-backed on-demand liquidity (ODL) payments account for 25% of the volume on RippleNet, and ODL transactions increased by 25 times compared to the third quarter of last year.

When we consider the XRP/USDT pair technically, XRP continues price action inside the ascending channel on September 7 and the pullbacks after the reaction from the 50MA level. We also mentioned in the bulletin yesterday that there may be retreats towards levels close to the lower line. As of this morning, we expect the pullbacks movement to continue for a while for the XRP, which has found support near the lower line.

RESISTANCES 0,8561 / 0,8871 / 0,9142
SUPPORTS 0,7399 / 0,7709 / 0,7980

RIPPLE [XRP] 8.79 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 987.80 TRY

LTC gained a 0,25% value during morning hours, and the current price is $146. When we consider the XRP/USDT pair technically, LTC, which tested the 141–144-dollar band (the previous demand zone), in the morning, found support. Since a significant support level has been broken down in Bitcoin, this support in LTC is also expected to be short-term.

RESISTANCES 149,99 / 154,53 / 158,11
SUPPORTS 133,75 / 138,29 / 141,87

LITECOIN [LTC] 987.80 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 1,45% value during morning hours, and the current price is $19,45. When we consider the LINK/USDT pair technically, LINK, which continues price action inside the ascending channel as of July 2020, a short-term price movement accelerated to $24,42 (200MA and then faced resistance. However, LINK, which is experiencing a pullback again, is expected to find support from the $18,5 dollar levels, which corresponds to the channel midrange band.

RESISTANCES 20,49 / 21,56 / 22,24
SUPPORTS 17,01 / 18,08 / 18,75

BASIC ATTENTION TOKEN [BAT] 5.62 TRY

BAT lost a 1,65% value during morning hours, and the current price is $1,1323. When we consider the BAT/USDT pair technically, BAT faced resistance from the zone marked with blue for the last two days and broke the $1,22 (50MA). If it holds below the 50MA, the retracements may continue to test the uptrend on October 30. $1,07 is the key support level (corresponds to the uptrend level).

RESISTANCES 1,2020 / 1,2715 / 1,3164
SUPPORTS 0,9732 / 1,0427 / 1,0876

BASIC ATTENTION TOKEN [BAT] 5.62 TRY +7.00 +0.03 VOL 21 BAT

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