DAILY CRYPTOCURRENCY NEWS

Over $17M Donation Raised After Ukrainian Government's Request for Donations with Bitcoin and Ether

Ukraine has raised more than $17 million in cryptocurrency donations since Russia began its invasion. Almost 24 hours after the government requested donations of Bitcoin, Ether, and Tether, over $10 million was donated directly to crypto wallets released by the Ukrainian government.

Europe Cut Some Russian Banks From SWIFT

A joint statement from the White House, European Commission, France, Germany, Italy, the United Kingdom and Canada confirmed the news late Saturday. Several Russian banks will be blocked from the international payment system, and the Central Bank of Russia will also be frozen and its movement to liquidate its overseas reserves limited. The statement said the action would "further isolate Russia from the international financial system."

Bitcoin Whale Transactions Hit One-Month High

According to chain base and social metrics analytics platform Santiment, the crypto market has reached its highest transaction count since Jan. 24, with both over $100,000 and over $1 million. During this time, there has been an increase in whale activity after the Bitcoin price, which had pulled to lows, similarly bottomed out. In a tweet released Feb. 26, Santiment stated that last week there were more than 15,000 Bitcoin transactions worth over $100,000. During the same period, at least 4,500 transactions worth over $1 million were also recorded.

Amount of Ethereum Burned After EIP 1559 Near 2 Million

About 200 days ago, burning processes started with EIP 1559 on the Ethereum network. Since then, 1,915,220 Ether has been burned, worth over $6.9 billion when calculated using today's prices.

Crypto Demand Rises In Ukraine After Cash Transfer Suspension

After the central bank suspended electronic cash transfers this week, Ukrainian citizens were seen hoarding cryptocurrencies as war with Russian forces spread across the capital, Kiev. With the foreign exchange trade blocked in the country, it was seen that citizens were looking for dollar alternatives in crypto.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359344.80 TRY

Bitcoin gained a 0,30 % value during morning hours and is priced around $37.822. According to chain base and social metrics analytics platform Santiment, the crypto market has reached its highest transaction count since Jan. 24, with both over $100,000 and over $1 million. During this time, there has been an increase in whale activity after the Bitcoin price, which had pulled to lows, similarly bottomed out. In a tweet released Feb. 26, Santiment stated that last week there were more than 15,000 Bitcoin transactions worth over $100,000. During the same period, at least 4,500 transactions worth over $1 million were also recorded.

When we consider the BTC/USDT pair technically, BTC quickly recovered well from the $34,000 level but dropped at the weekend. As we mentioned in the daily bulletin on Friday, the rises in BTC without a clear reversal signal may continue to the $39,000-40,500 band. Still, this resistance zone must be broken upwards for the surge to be permanent. BTC, which remained weak in price movements near this region, experienced sharp decreases on Sunday. A pullback towards the $36,000 levels is expected.

RESISTANCES 39.480 / 41.039 / 42.279
SUPPORTS 36.681 / 35.441 / 33.882

BITCOIN [BTC] 359344.80 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24630.16 TRY

Ethereum lost a 0,30% value during morning hours and is priced around $2608. About 200 days ago, burning processes started with EIP 1559 on the Ethereum network. Since then, 1,915,220 Ether has been burned, worth over $6.9 billion when calculated using today's prices.

When we consider the ETH/USDT pair technically, ETH, which had retreated to $2300, could not break the short-term resistance level at $2810-2836. So it plunged hard with sales pressure on Sunday. However, if it closes the day below $2564 on the 4-hour chart, it can retreat again towards $2300. In the upward direction, we will continue to follow $2810-2836.

RESISTANCES 2782 / 2946 / 3056
SUPPORTS 2234 / 2397 / 2508

ETHEREUM [ETH] 24630.16 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.48 TRY

AVAX lost a 2,70% value during morning hours and is priced around $73.55. When we consider the AVAX/USDT pair technically, AVAX, broke the blue-marked resistance zone, was priced above the 50MA level (78.88). AVAX retreated again to the blue zone during the general market fall. And this can a plunge to $67.5.

RESISTANCES 79,58 / 85,94 / 89,47
SUPPORTS 59,80 / 66,16 / 69,69

AVALANCHE [AVAX] 319.48 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.79 TRY

Ripple lost a 0,17% value during morning hours and the current price is $0,7193 When we consider the XRP/USDT pair technically, XRP had a descending triangle and reached the formation target last week. It gave most of its loss back when slightly rising. XRP closed the day below $ 0.7329 (50MA level) yesterday, is holding above the support level of $0.7121. The sell signal continues on the MACD in the daily chart. If a daily close occurs below the level of $ 0.7121, a plunge towards $0.64 can follow again.

RESISTANCES 0,7579 / 0,7954 / 0,8229
SUPPORTS 0,6279 / 0,6654 / 0,6929

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

LITECOIN [LTC] 989.01 TRY

LTC lost a 0,10% value during morning hours and is priced around $102.9. When we consider the LTC/USDT pair technically, LTC retested the $ 113.1 resistance level on Saturday. After facing resistance from this level, it broke the support level at $104.9. If this level is not broken to the upside again, the sales pressure will increase and the price movement towards the previous low level of $90 is expected to continue.

RESISTANCES 109,37 / 114,49 / 118,67
SUPPORTS 90,77 / 95,89 / 100,07

LITECOIN [LTC] 989.01 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 0,60% value during morning hours and is priced around $13,55. When we consider the LINK/USDT pair technically, the weekly channel lower line, which has been in existence since July 27, 2020, has also been broken down. LINK has a head-and-shoulders formation in the daily chart and rose towards the neckline ($15.16). But along with the reactions, the price movement continues below the downtrend. For LINK, which has not yet received a clear reversal signal, it is better to follow the majors.

RESISTANCES 14,48 / 15,42 / 15,97
SUPPORTS 11,49 / 12,43 / 12,99

BASIC ATTENTION TOKEN [BAT] 5.65 TRY

BAT lost a 0,10% value during morning hours, and is priced around $0,6678. When we consider the BAT/USDT pair technically, BAT continues price action below the downtrend on November 28. If the support area is lost to the downside, the plunge towards the $0.56 level might follow. In the case of surging, the $0.756 level (resistance level of the downtrend) must be broken to gain momentum.

RESISTANCES 0,7065 / 0,7397 / 0,7675
SUPPORTS 0,5845 / 0,6177 / 0,6455

BASIC ATTENTION TOKEN [BAT] 5.65 TRY +7.00 +0.03 VOL 21 BAT

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