DAILY CRYPTOCURRENCY NEWS

MicroStrategy Buys Another 1.914 Bitcoin

The business intelligence firm MicroStrategy has purchased another $94 million worth of Bitcoin (BTC) at an average cost of $49,229. According to a filing with the U.S. Securities and Exchange Commission on Thursday, MicroStrategy purchased 1,914 BTC for $94.2 million between December 9 and December 29, totaling 124,391 BTC.

Three Arrows Capital Deposited 10,000 ETH to a Centralized Exchange

Three Arrow Capital crypto hedge fund, notorious for "abandoning" Ethereum and then actively trading it, has deposited large sums on a centralized exchange as the asset continues to lose value on the crypto market.

Close to $50 Million in Bitcoin From 2011 Moved for the First Time in 10.5 Years

On December 29, two addresses from 2011 containing 500 Bitcoin each transferred 1,000 coins for the first time in 10.5 years. Furthermore, another wallet from 2011 woke up on Wednesday, moving 40 Bitcoin for the first time in over a decade.

Decentraland Is Set to Grow As Metaverse Gains in Popularity

Metaverse is gradually becoming the next big trend as investor participation increases in the virtual world of Decentraland. Recently the blockchain world announced that they will be recreating the iconic Ball Drop in the metaverse which will also mark the beginning of ‘MetaFest 2022’.

Iran Has Allowed Renewable Energy Plants to Provide Electricity to Cryptocurrency Miners

The authorities in Iran have decided to allow electricity generation facilities that use renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend their operations to avoid winter disruption.

Tether's Market Cap Nears $80B, USDT Represents 46% of the Stablecoin Economy
This week, the stablecoin giant Tether reached a market capitalization of about $78.2 billion, according to data. Over the past 30 days, the market capitalization of Tether has increased by 5.6%, and stablecoin currently represents 46% of the $168.3 billion stablecoin economy.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359389.71 TRY

Bitcoin gained a 0,45% value during morning hours; the current price is $47.355. The business intelligence firm MicroStrategy has purchased another $94 million worth of Bitcoin (BTC) at an average cost of $49,229. According to a filing with the U.S. Securities and Exchange Commission on Thursday, MicroStrategy purchased 1,914 BTC for $94.2 million between December 9 and December 29, totaling 124,391 BTC.

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. As we mentioned in the daily bulletin yesterday, the persistence below this trend was expected to bring sales pressure to the entire market. But, the trend was broken again, and a daily close above $47,000 took place. If the support level at $ 46,000 is maintained in BTC, where the formation of a potential double bottom formation is observed, the continuation of the upward price movement is expected.

RESISTANCES 47.948 / 48.574 / 49.249
SUPPORTS 46.647 / 45.972 / 45.346

BITCOIN [BTC] 359389.71 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24632.94 TRY

Ethereum gained a 1,10% value during morning hours, and the current price is $3752. When we consider the ETH/USDT pair technically, ETH, which broke the support level at $3680 two days ago, closed the day above this level again with a rapid recovery yesterday. The price action below $3680 remained as a violated zone. ETH, which tested the $3680 level in the morning and found support, is moving upward. The sales pressure will not end until the blue zone is exceeded in ETH, which does not yet have a clear reversal signal. Highs towards the blue zone can be targeted, a stop order should be set below if the daily close occurs below $3680.

RESISTANCES 3792 / 3838 / 3909
SUPPORTS 3558 / 3604 / 3675

ETHEREUM [ETH] 24632.94 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.93 TRY

AVAX lost a 1,50% value during morning hours, and the current price is $103,00. When we consider the AVAX/USDT pair technically, AVAX broke the ascending channel in August recently. It retreated to $98,14 (Fibo'61,80) yesterday. But finding support at the same level made it rise. The next resistance level is 50MA ($105,73). If it closes the day above this level, a rise towards $117,22 (Fibo'78,60) might follow.

RESISTANCES 105,78 / 108,38 / 111,36
SUPPORTS 94,62 / 97,22 / 100,20

AVALANCHE [AVAX] 319.93 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.76 TRY

Ripple gained a 0,10% value during morning hours, and the current price is $0,8379. 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. XRP had a slight rise after finding support at the lower line. If BTC protects the positive outlook, an upward price movement might follow.

RESISTANCES 0,8585 / 0,8779 / 0,8962
SUPPORTS 0,7831 / 0,8025 / 0,8208

RIPPLE [XRP] 8.76 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 990.26 TRY

LTC gained a 0,60% value during morning hours, and the current price is $148,9. When we consider the LTC/USDT pair technically, LTC had a price movement between the $141-144 yesterday. LTC now has a double bottom pattern. A daily close above the $166.8 level is required to confirm this formation. If the $142.7 level is maintained and there is no daily close below, the double bottom formation target for LTC is located at $190.

RESISTANCES 150,59 / 152,88 / 155,80
SUPPORTS 140,17 / 142,46 / 145,38

LITECOIN [LTC] 990.26 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 1,00% value during morning hours, and the current price is $20,15. 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. LINK had a slight rise after finding support at the lower line. If BTC protects the positive outlook, an upward price movement might follow. Otherwise, it is expected that the retracements towards the channel midrange band will continue.

RESISTANCES 20,52 / 21,02 / 21,63
SUPPORTS 18,29 / 18,80 / 19,40

BASIC ATTENTION TOKEN [BAT] 5.64 TRY

BAT lost a 1,70% value during morning hours, and the current price is $1,2125. When we consider the BAT/USDT pair technically, BAT faced resistance from the zone marked with blue and sharply retreated. It had broken $1,22 (50MA). After the breakout, it started to retreat and found support at $1,1041 (Fibo'50) yesterday. Finding support made it tested the 50MA level, but failed to break. BAT continues rising towards this level. Holding onto it can trigger rises towards the blue zone.

RESISTANCES 1,2641 / 1,3108 / 1,3795
SUPPORTS 1,0333 / 1,0800 / 1,1487

BASIC ATTENTION TOKEN [BAT] 5.64 TRY +7.00 +0.03 VOL 21 BAT

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