Japan Starting Work for CBDC

The Bank of Japan (BOJ) announced that they cannot ignore the CBDC idea in this period when the world is rapidly digitalizing and that they will start feasibility studies in 2021. After China, the European Union, and the USA, it is thought that Japan will carry out important studies in this field.

DeFi Statement by SEC Member

SEC commissioner Hester Peirce made statements about Blockchain and cryptocurrencies at a conference. Peirce stated that the DeFi industry has great potential to revolutionize the financial world, but it poses challenges for regulatory structures.

Ethereum Futures Study from CME

CME, which started to list Bitcoin futures in 2017, is also conducting a demanding check for Ethereum futures. CME, which has been working to list Ethereum-based products as of 2018, has asked several asset management firms if they are interested in ETH derivatives.

Ripple Starts To Offer Lending Service

Ripple, one of the most active companies in the crypto industry, announced that it will start providing lending services. It was stated that the lending service, which will be provided through the company's own cryptocurrency XRP, will be given to RippleNet users in the first place.


BITCOIN [BTC] 359556.24 TRY

Bitcoin gained 0,5% this morning and traded at 11,365$. The news from last week is still showing it effects and leading the rise of BTC. The most important one being Twitter founder’s Square bought 50 million dollars of BTC positively affected BTC prices as Bitcoin gained popularity and trust from the institutional side of investors. Also, BTC futures on CME started the week positively while the new gap in futures passing by 11,200-11,350.

Technically, BTCUSD had a breakout on its downtrend which started on the 17th of August, and the most important gaps 10,800-11,200 levels had a breakout. The flag pattern, which shows the continuity of uptrend, has been completed in hourly and 4-hour charts from last week. Moreover, the new flag pattern has been seen and it increased the chances of a continuing uptrend. In the case of fallback, the new support level is 11,200 while resistance levels are 11,400 and 12,500. 

RESISTANCES 11,400/ 11,500/ 11,850/ 12,100/
SUPPORTS 11,200/ 10,950/ 10,800/ 10,550

BITCOIN [BTC] 359556.24 TRY +7.00 +0.03 VOL 21 BTC


Ethereum is getting behind Bitcoin in terms of returns since DeFi tokens lost %25 over the past two weeks. However, ETH caught BTC with positive returns today. ETH prices located around 374 $ while the gas usage on Ethereum network is also increasing. This situation can give interpretations of ETH can gain profits along with DeFi tokens. Meanwhile, the news about CME, which is the world’s largest futures and options exchange, is working on listing ETH futures is good news for Ethereum. 

ETHUSD shows that the 333-355 $ horizontal band had broken and the new band located at 370-395 levels. The technical Outlook seems positive as the uptrend which started in march is still continuing. The extent of correction can be short unless the possible fallbacks go below 370$.

RESISTANCES 377/ 380/ 389/ 389
SUPPORTS 370/ 364/ 357/ 355

ETHEREUM [ETH] 24657.11 TRY +7.00 +0.03 VOL 21 ETH


RESISTANCES 0,2570/ 0,2630/ 0,2720/ 0,2790
SUPPORTS 0,2485/ 0,2400/ 0,2350/ 0,2240

RIPPLE [XRP] 8.72 TRY +7.00 +0.03 VOL 21 XRP


RESISTANCES 50,40/ 51,10/ 52,70/ 53,90
SUPPORTS 49,25/ 47,90/ 46,70/ 46,00

LITECOIN [LTC] 988.64 TRY +7.00 +0.03 VOL 21 LTC

RESISTANCES 11,03/ 11,20/ 11,70/ 12,23
SUPPORTS 10,48/ 10,24/ 10,04/ 9,48


RESISTANCES 0,2190/ 0,2225/0,2280/ 0,2310
SUPPORTS 0,2180/ 0,2160/ 0,2120/ 0,2105


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