DAILY CRYPTOCURRENCY NEWS

Meta Brings NFTs to Instagram

Meta, formerly known as Facebook, brings NFT feature to Instagram, one of the most used social media platforms in the world. The implementation will first start in close to 100 countries. The feature will cover Ethereum, Polygon and Flow NFTs. It will also support Web3 wallets. Owner Mark Zuckerberg, who made a statement on the subject, said that NFTs are the reason for the company's Web3 work and that they do this not only to build technology, but also to help the ecosystem. Because at the end of the day, we won't be creating most of the content.

BlackRock Partners with Coinbase

BlackRock has announced a partnership agreement with Coinbase to manage its institutional clients' crypto investments and portfolios. A former BlackRock executive said that he thought crypto assets would be in everyone's portfolio, which is why he saw BlackRock's move as quite logical.

Swiss Asset Manager Issues Warning on Crypto Assets

Tee Fong Seng, CEO of the Asian asset management branch of Swiss asset management company Pictet Group, acknowledged the rising role of cryptocurrencies in a panel discussion, but stated that cryptocurrencies have no place in private banking, at least for now. 

Interest in Crypto Assets Declines in America

As a result of new researches, negative results were reached regarding the investor characteristics of the bear market entered in the cryptocurrency market and its interest in the market. In the report, it was stated that this period caused the interest in the market worldwide to decrease considerably. Internet research statistics of crypto assets showed a decline of 30% in the Netherlands, Ireland and the United States.

Applying for Tax Relief on Crypto Assets in Japan

Japan's two leading crypto advocacy groups, the Japan Crypto-Asset Cooperation (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), have released a tax referendum package to reduce the tax collected on individual investors' crypto earnings by 20%. 

Transactions on the Ethereum Network Have Reached Their Cheapest Level Since 2020

The Ethereum blockchain continues to achieve its goals while PoS is in transition. While the average transaction fee was intended to decrease during the transition to PoS, the decrease in transaction fees to $ 3 was the lowest level reached since December 2020. It was stated that this decrease in transaction fees was manifested by the decrease in trading activities on the exchanges despite the increase in the number of transactions on the network.

 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 374151.82 TRY

In addition to the fact that there is no news to be priced in the general economic markets, the positive developments in the crypto market have ensured that pricing remains strong and stabilized. For the last week, we see that the amount of entry and exit to the market has been at the same levels and is over 1 trillion dollars. Although there is an expectation of decline in the markets, it seems very important for BTC to remain at these levels in order to continue its movement with the 28,000 target.

Bitcoin is pricing in at $23,164 today, with a 2.39% gain in value in the morning. BTC, which continued its horizontal movement, tested the support zone at 22,600 levels on the downside yesterday evening, but could not break down and then bounced back. Since there is no news that will greatly affect the price movements in the markets, BTC continues its horizontal movement since July 31. BTC, which is currently continuing its upward movement, will be following the breakdown of the resistance zone at the $ 23,500 level or the continuation of its horizontal movement by returning from the resistance zone.

RESISTANCES 23.409 / 23.753 / 24.257
SUPPORTS 22.561 / 22.057 / 21.713

BITCOIN [BTC] 374151.82 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 25221.55 TRY

Today, ETH, which has gained 3% in the morning hours, is priced at $ 1655. Just like Bitcoin, ETH continues its horizontal movement, especially the 1560-1580 level serves as a very critical support. It saw a reaction from the support level of 1580 last night when it fell below the $ 1600 level again and then managed to rise to the channel resistance of 1660 levels. We see that these channel movements in ETH and BTC have created quite a lot of opportunities and they have been making the same movements for about 5 days. Although there has been an above-average volume inflow in the buying direction in recent hours, we see that a strong selling pressure is created at the resistance levels.

RESISTANCES 1683 / 1718 / 1769
SUPPORTS 1512 / 1547 / 1597

ETHEREUM [ETH] 25221.55 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 321.94 TRY

AVAX, which has gained 1.93% as of the morning hours, is priced at $ 23.82. AVAX was maintaining its descending triangle pattern on the hourly chart. After testing the 22.90 levels yesterday, it started to rise and continued its rise by breaking the resistance level. AVAX, which is currently priced around $ 24, shows the potential to rise to $ 26 levels if it sees breakdowns in BTC and ETH. At the same time, we can say that the support level should be paid attention to the 22.90 levels after the old resistance zone of 23.50.

RESISTANCES 24,35 / 24,86 / 25,60
SUPPORTS 21,85 / 22,36 / 23,10

AVALANCHE [AVAX] 321.94 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 9.15 TRY

XRP, which gained 1.40% in the morning hours, is priced at $ 0.3762. Ripple entered a descending triangle at the beginning of the month, then tested between the support-resistance levels after receiving support at 0.3640 and confirming the pattern. After breaking upwards after testing the support zone of 0.3640 last night. We see a reversal from the 0.3770 levels, which have been acting as resistance for some time. In case of a breakdown of this level, we can say that Ripple can continue to rise with the target of 0.40 level.

RESISTANCES 0,3800 / 0,3847 / 0,3923
SUPPORTS 0,3554 / 0,3601 / 0,3677

RIPPLE [XRP] 9.15 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 1007.98 TRY

LTC is trading at $61.58, up 3.24% as of morning hours. LTC also continued its horizontal channel movement, breaking with yesterday's overall rise and is currently testing the 61.50 level, which it has tested many times before. In case of an upward breakdown here, we can talk about the targets of $ 65 and then $ 72.

RESISTANCES 63,00 / 64,39 / 67,06
SUPPORTS 54,88 / 56,27 / 58,94

LITECOIN [LTC] 1007.98 TRY +7.00 +0.03 VOL 21 LTC

LINK is up 4.40% today at $7,687. LINK has become one of the most upward movement open coins of recent times. In LINK, which sees a very positive pricing and purchasing power with every rise in the market, we see that the descending triangle pattern breaks upwards and we see a 6% rise in 6 hours after testing the support level. LINK, which is currently above the resistance level at 7.70, can continue its $9 target rise if the buy continues at the same volume level.

RESISTANCES 7,82 / 7,99 / 8,30
SUPPORTS 6,85 / 7,02 / 7,33

BASIC ATTENTION TOKEN [BAT] 5.69 TRY

BAT is trading at $0.4229, up 4.91% as of morning hours. BAT failed to break the resistance level with a low volume yesterday in the falling channel it is in and returned to the channel middle band. BAT, which started to rise with the support it found from there, continued to rise to 0.4280 after breaking the channel upwards and saw a small selling pressure from there.

RESISTANCES 0,4340 / 0,4463 / 0,4669
SUPPORTS 0,3682 / 0,3805 / 0,4011

BASIC ATTENTION TOKEN [BAT] 5.69 TRY +7.00 +0.03 VOL 21 BAT

We always love and support sports!

We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, Emir Tanju and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.