DAILY CRYPTOCURRENCY NEWS

Ripple - Court Denies Ripple’s Request for SEC Staff

Judge Sarah Nethburn has denied Ripple's request for documents detailing SEC employees' Bitcoin, Ethereum, XRP trading activity.

Galaxy Digital and Invesco Become Partners to Launch Bitcoin ETF

Asset and investment managers Galaxy Digital and Invesco partner to develop physically-backed exchange-traded funds (ETF).

Tom Brady Open to Receiving Salary in Bitcoin, Ethereum, or Solana

The seven-time Super Bowl winner and Tampa Bay Buccaneers' playmaker Tom Brady is willing to receive part of his salary in cryptocurrency.

FinTech Firm Revolut Is Paying for Texas Office Space With Bitcoin

In a press release issued on September 16, Revolut said it had become the world’s first provider of prominent WeWork flexible spaces “the first corporate member to sign a new space using cryptocurrency.”

Bitcoin Miner Genesis Digital Assets Has Raised $431M in the Latest Funding Round

Bitcoin mining company Genesis Digital Assets based on Island said on Tuesday it had raised $431 million in a strategic funding round led by crypto-focused investment firm Paradigm.

Powell: Guidance around Fed Tapering Could Come at the Next Meeting

While the Federal Open Market Committee (FOMC) kept interest rates near zero and maintained its asset purchases, Chairman Jerome Powell said considerations around tapering “could come at the next meeting.”

SEC May Approve Bitcoin ETF By October and Open 'A Window for Massive Inflow’

According to the Bloomberg Intelligence Commodity Strategist, Mike McGlone, the United States Securities and Exchange Commission (SEC) has been waiting for a long time Bitcoin ETF approval may come soon.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 350234.11 TRY

Bitcoin lost 1,40% value during morning hours; the current price is $44.166. While the Federal Open Market Committee (FOMC) kept interest rates near zero and maintained its asset purchases, Chairman Jerome Powell said yesterday considerations around tapering “could come at the next meeting.” After this positively affecting new flows, sharp rises have been seen in the cryptocurrency markets.

When we consider BTC/USDT parity in a technical sense, having recovered rapidly after the FED meeting, Bitcoin broke the $42.235,33 level upwards again found at Fibo'61,80 tranche, and the downward trend is breached. The transactions volume stands above the average and in the bullish direction, and in the 4-hour chart, the MACD gives buying signal. If a negative news flow does not come up from China, the short-term price target for BTC is $45,739, which coincides with the 200-day moving average.

RESISTANCES 44.923 / 45.846 / 47.382
SUPPORTS 42.464 / 40.928 / 40.005

BITCOIN [BTC] 350234.11 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24249.50 TRY

Ethereum lost a 1,00% value during morning hours, and the current price is $3110,28. After the relieved market conditions by the positive news flow form FED, Ether increased about 12 percent yesterday. We see the metrics recovering again regarding on-chain data for Ethereum and the net flow between the wallet and markets. In parallel with recent announcements, we suppose that the ETH held in exchange reserves will continue to fall.

Considering the ETH/USDT parity in technical terms, ETH, which found support at Fibo'50 tranche on September 21, as well as the 200-day moving average of $2621, rose again with this support and yesterday's positive statements. The critical downside price movement below the $2900 level could not be persistent.  In the 4-hour chart, MACD gives a buy signal but in the daily chart, there is an ongoing sell signal. Our next short-term price target for ETH is $3300.

RESISTANCES 3213 / 3312 / 3492
SUPPORTS 2655 / 2754 / 2934

ETHEREUM [ETH] 24249.50 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.62 TRY

AVAX lost 2,75% value during morning hours, and the current price is $73,43. When we consider the AVAX/USDT parity in technical terms, as we mentioned in the bulletin yesterday, AVAX, which has remained above the $63.43 level, rose again towards the peak level and by that way reached a new peak level at $77.77 yesterday. It is difficult to mention that the rises have ended where we have seen an acceleration in the upward price movement alongside the MACD, which gave the buy signal as of yesterday, in the 4-hour chart. if AVAX closes the day above $76.27, it can lead to sharp rises.

RESISTANCES 83,17 / 90,01 / 101,18
SUPPORTS 47,15 / 53,99 / 65,16

AVALANCHE [AVAX] 316.62 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.19 TRY

Ripple lost a 0,35% value during morning hours, and the current price is $1,006. When we consider the XRP/USDT parity in technical terms, having broken its 200-day moving average downwards, XRP broke this level again and the 1-dollar-psychological level upwards with a sharp rise of 14.75 percent yesterday. In the daily chart, stochastics has given the buy signal near the over-selling zone. If XRP remains above the $0.9623 level, which coincides with the Fibo'61.80 tranche in the daily chart, the next price target is $1.088.

RESISTANCES 1,0377 / 1,0763 / 1,1376
SUPPORTS 0,8379 / 0,8765 / 0,9378

RIPPLE [XRP] 8.19 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 964.38 TRY

LTC lost 0,2% value during morning hours; the current price is $161,2. When we consider the LTC / USDT parity in technical terms, having broken the $155.4 level downwards on September 21, equivalent to the Fibo'50 tranche, LTC broke this level upwards again with the market recovery of yesterday and closed the day above this level. In the daily chart, there is no turn-back signal. If LTC remains above the $155,4, then the next price target is $171.

RESISTANCES 165,21 / 169,18 / 176,15
SUPPORTS 143,33 / 147,30 / 154,27

LITECOIN [LTC] 964.38 TRY +7.00 +0.03 VOL 21 LTC

During morning hours, LINK has the horizontal price movement, and the current price is $24.45. When we consider the LINK/USDT parity in technical terms, having made the investor happy with rising about 15 percent yesterday, LINK has reached a significant resistance level at $24.3-24.8. If LINK breaks the current resistance level upwards, receiving buy signals from the oversold zone, the next price target is $27.1.

RESISTANCES 25,30 / 26,28 / 27,91
SUPPORTS 20,08 / 21,07 / 22,69

BASIC ATTENTION TOKEN [BAT] 5.47 TRY

BAT lost 1,05% value during morning hours; the current price is $0,694. When we consider BAT/USDT parity in technical terms, having retreated around $0,60, BAT has found support at this level and rose again and yesterday broke the $0,677 level upwards, equivalent to Fibo'50 tranche. Having closed daily above this level, BAT continues its upward price movement by testing this level amidst the new daily candle opening. In the 4-hour chart, MACD has been giving a buy signal since yesterday. The next major resistance level for the BAT is $0.73, which coincides with the downside trend.


 

RESISTANCES 0,7196 / 0,7469 / 0,7955
SUPPORTS 0,5678 / 0,5951 / 0,6437

BASIC ATTENTION TOKEN [BAT] 5.47 TRY +7.00 +0.03 VOL 21 BAT

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