DAILY CRYPTOCURRENCY NEWS

10 Million Value Chainlink Purchase from Corporate Company

Three Arrows Capital received a $ 10 million Chainlink (LINK). The company, which owns millions of Grayscale Bitcoin Trust shares, draws attention with its large amount of LINK investment, while the price movements of LINK maintain a similar upward trend.

Game Site Fails To Meet The Demand For Bitcoin

Speaking to Bloomberg, Phil Nagy, CEO of Winning Poker Network, said that the company had to buy about $ 100 million worth of Bitcoin per month to meet demand. The box, which runs several sites that are popular with poker players, has seen a huge increase in demand for payments via Bitcoin. In the statements, 90 to 95 percent of the payments are currently made in Bitcoin.

Bitcoin Update For The First Time In A Long Time

Taproot, which will be updated after a long time in Bitcoin, will offer a more hidden and smaller transaction option to the Bitcoin network. In addition to the privacy it will offer, it is predicted that it will significantly remove the burden on the Bitcoin blockchain network.

Bitcoin Comment From Ripple CEO

Brad Garlinghouse, CEO of Ripple; "After warning publicly traded companies against holding Bitcoin, Ripple CEO Brad Garlinghouse now does not see what Ripple has done as somewhat competitive with Bitcoin. I keep Bitcoin. I want Bitcoin to be successful. I think the whole cryptocurrency exchange will rise," he said.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 358987.84 TRY

Bitcoin continues its rise from where it left off and is trading at $ 18,000 this morning, up 2%. In addition to BTC purchases of corporate big companies, the concentration of funds on BTC brought the price closer to the summit in a short time. Especially in the days when we are experiencing a gold-Bitcoin rotation, we have seen that the Grayscale fund decreases gold assets and increases Bitcoin assets. The decrease in the amount of HODL (long-term transport) in Bitcoin to its lowest level in 4 months, again, we have seen that long-term investors are carrying Bitcoin, and the amount of transfer between wallets decreases. For this reason, we can say that Bitcoin has a more solid footing in terms of demand and quantitative indicators compared to the previous $ 20,000 peak.

When we consider BTC / USD technically; By forming a bullish channel, we see that it received support from 17,400 and 17,700 levels in its retractions. The upper band of the channel passes through the range of 18,500-18,700, and retractions are followed by a minor uptrend. Therefore, as long as the lower support band is not broken, we can watch the reactions towards the $ 18,700 levels. The uptrend continues, the outlook is positive.

RESISTANCES 18,440 / 18,730 / 19,270
SUPPORTS 17,610 / 17,070 / 16,775

BITCOIN [BTC] 358987.84 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24566.52 TRY

In Ethereum days before the critical December 1 date, investor concerns are suppressing the ETH price. Although the activity has not started yet in ETH / USD, which is positive at 2.5% this morning, the positive divergence compared to Bitcoin can create FOMO, stimulating investors' desire to join the train early in order not to miss a possible ETH rally. For the ETH 2.0 update, 20% of the ETH amount to be staked (which must be locked to the system) has been reached. Although it is a very difficult possibility for the update to reach December 1, we can say that the sooner it is postponed, the more the trend will not break from the rise. In addition, with the number of addresses with 10 thousand or more ETH in their wallet, the highest level in 3 months may have started preparations for the uptrend.

Technically, while the flag formation continues in the 4-hour period, it moves within the rising channel it has created. 490 $ is the closest peak level, but also the upper band of this channel. Therefore, a break of $ 490 may add momentum to the action and there may be an appetite for movement towards the $ 530 levels marked by the weekly double bottom formation. The uptrend continues, the outlook is strong.

RESISTANCES 490 / 500 / 515
SUPPORTS 470 / 455 / 450

ETHEREUM [ETH] 24566.52 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 317.13 TRY

RESISTANCES 3,800 / 3,870 / 3,990
SUPPORTS 3,610 / 3,485 / 3,415

AVALANCHE [AVAX] 317.13 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.77 TRY

RESISTANCES 0,3095 / 0,3190 / 0,3315
SUPPORTS 0,2875 / 0,2750 / 0,2655

RIPPLE [XRP] 8.77 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 987.25 TRY

RESISTANCES 85,55 / 90,35 / 97,15
SUPPORTS 73,95 / 67,20 / 62,40

LITECOIN [LTC] 987.25 TRY +7.00 +0.03 VOL 21 LTC

RESISTANCES 14,11 / 14,50 / 15,05
SUPPORTS 13,20 / 12,65 / 12,25

BASIC ATTENTION TOKEN [BAT] 5.62 TRY

RESISTANCES 0,2025 / 0,2085 / 0,2120
SUPPORTS 0,1925 / 0,1885 / 0,1825

BASIC ATTENTION TOKEN [BAT] 5.62 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, 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.