ICRYPEX | Daily Newsletter | Michael Saylor Comments On Yellen's Speech

DAILY CRYPTOCURRENCY NEWS

Michael Saylor Comments on Yellen's Speech

MicroStrategy CEO Michael Saylor described US Treasury Secretary Janet Yellen's latest talk on digital assets as “probably the most important talk of the 21st century,” expressing it as a “green light” for the crypto economy.

Mozilla to Accept Cryptocurrency Donations

In the first week of January, the Mozilla community had said it paused cryptocurrency donations after voicing environmental concerns. Now the company says they will only accept digital assets working with the PoS consensus model.

Tether Announces Launch of USDT on Kusama Network

Tether (USDT), the largest stablecoin with market value, was released on Polkadot's Kusama network. Also, the team said it was excited to give the community access to the most liquid, stable and reliable fixed money in the field of digital money.

Janet Yellen: "The Way to Regulate Cryptocurrencies Will Be Technology Independent"

In her first speech on digital assets, US Treasury Secretary Janet Yellen said any adjustments to cryptocurrencies should be “technology-independent”. A central bank issued by the United States could take years to develop a digital currency (CBDC), Bloomberg reported.

Long-Term SHIB Investors Are Almost 60% in Profit

According to IntoTheBlock's tweet, SHIB investors have continued to save over the past few weeks. Investors holding a SHIB for more than a year have increased their balance by up to 57.11% in just 30 days, according to data dated April 12.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359149.30 TRY

Bitcoin gained a 0,36% value during morning hours and is priced around $41.321. When macro risks continuing, Bitcoin had fallen below $40,000. Along with the CPI data in the US, the risky markets relieved. In BTC, where the correlation with technology shares continues, accelerated momentum when NASDAQ index shows positivity.

When we consider the BTC/USDT pair technically, the BTC, which faced a reaction from 48,300 (the 200MA level) and found support at $39.190. Our resistance level is the 50MA level ($42.000) and the support level is $39.500 when retreating.

RESISTANCES 40.800 / 41.474 / 42.248

SUPPORTS 39.352 / 38.578 / 37.904

BITCOIN [BTC] 359149.30 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24627.67 TRY

Ethereum lost a 0,25% value during morning hours and is priced around $3113. When we consider ETH/USDT pair technically, ETH had broken the triangle formation and made price movement above the minor rising trend at $3500 (the 200MA level). ETH, which could not find support from there, broke the rising minor trend downwards on April 6 and retreated to $2947 (the 50MA level). ETH, which found support there, can rise towards $3259.

RESISTANCES 3107 / 3157 / 3227

SUPPORTS 2867 / 2917 / 2987

ETHEREUM [ETH] 24627.67 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 318.52 TRY

AVAX gained a 1,67% value during morning hours and is priced around $81.5. When we consider AVAX/USDT pair technically, AVAX broke the triangle formation and retested the rising trend. It can rise towards $97 (Fibo'61,80), if it closes the day above the 50MA level ($84).

RESISTANCES 79,80 / 82,29 / 85,09

SUPPORTS 69,22 / 71,71 / 74,51

AVALANCHE [AVAX] 318.52 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.79 TRY

Ripple gained a 1,92% value during morning hours and is priced around $0.7369. When we consider the XRP/USDT pair technically, XRP broke the rising triangle formation and retested. If the upward trend is not broken again, pullbacks towards the level of 0.61 dollars may continue.

RESISTANCES 0,7326 / 0,7479 / 0,7682

SUPPORTS 0,6614 / 0,6767 / 0,6970

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

LITECOIN [LTC] 988.82 TRY

LTC gained a 0,69% value during morning hours and is priced around $111.23. When we consider the LTC/USDT pair technically, it broke the downtrend as of November 10 upwards and accelerated towards $133. Reacting at this level, the LTC retested its $96-$102 band. We can see a rise towards $130 with a price movement above the 50MA level.

RESISTANCES 109,37 / 113,41 / 116,92

SUPPORTS 94,27 / 98,31 / 101,82

LITECOIN [LTC] 988.82 TRY +7.00 +0.03 VOL 21 LTC

CHAINLINK [LINK] 140.34 TRY

LINK lost a 0,10% value during morning hours and is priced around $14.18. When we consider the LINK/USDT pair technically, there is no major change in the outlook. As of May 26, 2021, the minor rising trend in LINK, which made a price movement within the existing horizontal channel, was lost downwards.

RESISTANCES 14,45 / 14,83 / 15,23

SUPPORTS 12,88 / 13,25 / 13,66

CHAINLINK [LINK] 140.34 TRY +7.00 +0.03 VOL 21 LINK

BASIC ATTENTION TOKEN [BAT] 5.62 TRY

BAT lost a 1,77% value during morning hours, and is priced around $0.7544. When we consider the BAT/USDT pair technically, BAT broke the downtrend on March 14 and found demand from the 200MA level ($0.93) and closed the day. But sales pressure continued and it retested the level of $0.64. The first level of resistance is $0.7720 (the 50MA level).

RESISTANCES 0,7394 / 0,7514 / 0,7740

SUPPORTS 0,6702 / 0,6822 / 0,7048

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