Bitcoin gained a 1,90% value during morning hours and is priced around $38.501. The new data revealed the important role of institutional investors in Bitcoin transactions as Bitcoin continues to experience hard price fluctuations. According to data provided by IntoTheBlock, organizations currently account for more than 99% of the total Bitcoin volume resulting from transactions with a value of over $100,000. The report states that corporate interest in crypto has accelerated since the third quarter of 2020 when the share of large transactions never dropped below 90%.

When we consider the BTC/USDT pair technically, we see that there was a horizontal market at the weekend. In BTC, which broke the uptrend that existed as of February 24th on the 4-hour chart, BTC retested the trend from below with the statement made by Elon Musk this morning but did not break the trend. When retreating, the first support level to follow is $37.200 and $34.500.

Ethereum gained 2,20% value during morning hours and is priced around $2596. As the full upgrade nears, it appears Ethereum has fully attached to this year's plan. Marius van der Wijden, one of Ethereum's core developers, announced the launch of the final testing network in a post on March 10th. A test network is a blockchain version that allows developers to try out new features without affecting the main network. When developers want to add or update new functions, they should make sure that the upgrade is thoroughly tested before going live.

When we consider ETH/USDT pair technically, which is dominated by the price movement on the 4-hour period, shows a price movement just above the uptrend as of February 24. If the short-term uptrend breaks downwards and daily close occurs, a retreat to the previous dip level of $2400 might follow.

AVAX gained a 1,20% value during morning hours and is priced around $68.84. According to WuBlockchain reports, the staking rate of the Avalanche network exceeded 50%. Most stakers are located in the United States and use Amazon Cloud Services to verify the network. According to the journalist, the staking rate for the network is expected to increase in the future.

When we consider the AVAX/USDT pair technically, AVAX had a stagnated price movement as of January but broke the downtrend on February 24 and closed the day below this level. In AVAX, which started the day with a slight increase this morning, the appearance is negative in the weekly period. As long as it sustains below the trend, we expect the price movement to continue towards the previous dip level, $55.

Ripple gained a 0,86% value during morning hours and is priced around $0,7654. Ripple executives and the XRP community are happy about a positive decision taken Friday in the SEC lawsuit. Brad Garlinghouse, CEO of Ripple, described the verdict as a “big win”, adding that the case would now attract more attention.

When we consider the XRP/USDT pair technically, XRP, which broke the downtrend upwards along with the positive decision taken on Friday, retests this trend when retreating at the weekend. Holding above the 50MA level is important in XRP, where sharp sales follow. As long as it sustains, it will continue to rise towards the previous peak level.

Litecoin gained a 2,00% value during morning hours and is priced around $104. When we consider the LTC/USDT pair technically, there is no major change in the outlook. LTC, which continues to move below the downward trend that has not broken despite the force, is now priced below the level of $104.9. Although the recovery in RSI continues despite the price plunging, we do not expect permanent rises without the breakout of a downtrend.

LINK lost a 2,90% value during morning hours and is priced around $13.11. When we consider the LINK/USDT pair technically, there is no major change in the outlook, the stagnated price movement continues. LINK has price action inside the horizontal channel as of May 26 and lost the lower line recently. $13.50 level is an important pivot point for LINK, which has lost a strong support level, even though positive divergence is sustained on the daily chart.

BAT gained a 1,20% value during morning hours and is priced around $0,6819. When we consider the BAT/USDT pair technically, BAT continues price action below the downtrend on November 28. BAT, which also fell to the support zone in the $0.64-0.70 band, had a positive divergence in RSI on the daily chart. Although the downtrend in BAT, which rose yesterday with this approval and positive news flow, has been tried many times, it has not broken down yet. For BAT, which has started to price again in the blue zone, the upward breakout of the downtrend will trigger the upward movement.