DAILY CRYPTOCURRENCY NEWS

President of the Central African Republic: "Bitcoin, Universal Currency."

After the Central African Republic accepted Bitcoin as a legal tender, the country's president expressed optimism about digital assets. “The language of the universe is mathematics, the universal currency is Bitcoin,” he tweeted.

Central Bank of Russia Wants to Allow Traditional Stock Exchanges to Trade Digital Assets

The Central Bank of Russia recently proposed that Russian stock exchanges list digital financial assets and be authorized to operate. This is because the regulator aims to offer investors the option to trade cryptocurrencies in a controlled environment.

Tron Announces Second Blockchain Game Named 'Win NFT Hero'

Win NFT Hero, which follows Win NFT Horse, the first GameFi product released in 2021, is a strategy game that emerges with a TRON blockchain-based, next-generation 3D cartoon style. Players can trade various heroes and equipment in the market for powerful spells and skills to use in the game. 

Litecoin Trading Volume Has Reached its Lowest Level in 3 Months

Due to the fall in cryptocurrency markets, the transaction volume of LTC, which was 82 billion dollars in the first quarter of 2022, was 8 times lower than the transaction volume of 674.92 billion dollars in the first quarter of 2021. The decrease was 87%.

Aave Founder Stani Kulechov's Twitter Account Suspended

The Twitter account of Aave founder Kulechov has been permanently banned the day after he tweeted that he joined Twitter as a temporary CEO. However, Twitter has carried out the “most serious sanction” action. 

Finland Seeks to Donate Seized Bitcoins to Ukraine

In recent years, the Finnish government has launched various operations against drug lords, traffickers and other criminals. As a result, the government reported that they could donate some of the seized Bitcoin assets, worth about $77 million, to support Ukraine's efforts in its war with Russia.

Panama Assembly Approves Draft Law to Regulate Cryptocurrencies

Panama MP GabrielSilvia tweeted that the "Panama Cryptocurrency Act" was approved at the end of the third meeting. In addition, it aims to regulate areas such as payment systems and trading and the usage of crypto assets.
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 353201.21 TRY

Bitcoin gained a 0,40% value during morning hours and is priced around $39.564. After the Central African Republic accepted Bitcoin as a legal tender, the country's president expressed optimism about digital assets. "The language of the universe is mathematics, the universal currency is Bitcoin," he tweeted. When we consider the

BTC/USDT pair technically, it continues its price movement within the ascending channel that has existed since January 24. Bitcoin, which could rise above the 50-day moving average, has not been able to maintain permanence here ($42,100) last week, found support in the channel lower line. As of yesterday's daily close, $43,000 can be targeted as long as the support in the channel lower line is maintained for BTC, which also received positive divergence approval. The downward breakout of the $38,000 level corresponding to the channel lower line may lose the positive outlook.

RESISTANCES 40.358 / 41.099 / 41.849
SUPPORTS 38.867 / 38.117 / 37.376

BITCOIN [BTC] 353201.21 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24614.80 TRY

Ethereum gained a 0,40% value during morning hours and is priced around $2921. When we consider the ETH/USDT pair technically, ETH, which continues its price movement within the rising channel, has recently received a reaction from the level of 3040 dollars (50MA). Again, there was rise after a sharp fall towards this level. In the daily metrics for ETH, which we think should be broken upwards of the 50DMA in order to end the sales pressure, there is no clear reversal signal yet.

RESISTANCES 2988 / 3045 / 3112
SUPPORTS 2740 / 2797 / 2864

ETHEREUM [ETH] 24614.80 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.89 TRY

AVAX lost a 0,45% value during morning hours and is priced around $66.89. The negative outlook dominates over AVAX, which has broken the strong uptrend it has tested many times before. When we consider the technical metrics, although there is a recovery in the short term, there is no reversal signal in daily metrics. If the downward price movement continues, the level of $64.45 is read as the first level of support.

RESISTANCES 69,82 / 72,57 / 74,37
SUPPORTS 60,72 / 63,47 / 65,27

AVALANCHE [AVAX] 319.89 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.31 TRY

Ripple lost a 0,40% value during morning hours and is priced around $0.6385. When we consider the XRP/USDT pair technically, in XRP, which continues its price movement within the existing horizontal channel as of February, the channel lower line has recently broken downwards and there has been a pullback up to the previous supply-demand zone of 0.64-0.58 dollars. It finds support from this zone marked in blue for the last 4 days. In parallel with the market, short-term rises might follow towards the channel lower line.

RESISTANCES 0,6555 / 0,6688 / 0,6799
SUPPORTS 0,6067 / 0,6200 / 0,6311

RIPPLE [XRP] 8.31 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 975.27 TRY

LTC gained a 0,20% value during morning hours and is priced around $103.1. Due to the fall in cryptocurrency markets, the transaction volume of LTC, which was 82 billion dollars in the first quarter of 2022, was 8 times lower than the transaction volume of 674.92 billion dollars in the first quarter of 2021. The decrease was 87%.

When we consider the LTC/USDT pair technically, there is no major change in the outlook. The LTC, which has a constant reaction from $115.1.  in the short term, has recently experienced a pullback to $97.6, a strong level of support that it has tested 5 times before. Positive pricing continues in LTC, which receives support from this region. Gradual rises towards the level of 115 dollars can be seen in the short term for LTC, which shows positivity compared to the market.

RESISTANCES 105,13 / 107,48 / 110,28
SUPPORTS 94,83 / 97,18 / 99,98

LITECOIN [LTC] 975.27 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 0,40% value during morning hours and is priced around $12.58. When we consider the LINK/USDT pair technically, we see that there is no major change, and this horizontal channel has recently been lost downwards in the parity that has made price movement within the horizontal channel for about 1 year. LINK, which still underperforms the downtrend as of November 10th, appers to have found support from a zone close to its previous local dip levels. For LINK, which is likely to experience short-term increases to the first significant resistance level of $13.50, sales pressure will disappear if this level is broken upwards.

RESISTANCES 12,91 / 13,22 / 13,46
SUPPORTS 11,82 / 12,13 / 12,37

BASIC ATTENTION TOKEN [BAT] 5.52 TRY

BAT lost a 0,90% value during morning hours, and is priced around $0.6519. When we consider the BAT/USDT parity technically, the price movement continues within the horizontal channel that existed as of March 14th. BAT, which has been tested many times before and works as a support and pullbacks to the demand zone marked in blue, appears to have found support when retresting. Although there is no reversal signals in the daily metrics, we think that there is a level of support that will trigger the purchasing appetite of investors since there are levels to be established with a high gain/loss ratio. In the daily chart, the positive outlook will continue as long as the channel lower line is not lost downwards.

RESISTANCES 0,6745 / 0,6934 / 0,7078
SUPPORTS 0,6079 / 0,6268 / 0,6412

BASIC ATTENTION TOKEN [BAT] 5.52 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.