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.

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).

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.

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.

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.

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.

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).