DAILY CRYPTOCURRENCY NEWS

Ripple-SEC Reconcile on Trial Dates

"If we had not agreed, the dates would probably have been further postponed," Ripple, one of the parties that decided on the trial programme that hung over 2023, said. The lawyer who closely followed the case John E. Deaton said: "Worse than expected,"about the agreed calendar programme.

Founder of Silk Road Renounces Bitcoins

Ross Ulbricht, the founder of the dark web site Silk Road, said he had relinquished his Bitcoins worth about $3 billion in exchange for his $183 million debt to the state during his time in prison. 

New Initiative for Spot Bitcoin ETF from Grayscale

Cryptocurrency investment company Grayscale Investments wrote a letter to the SEC to convert the Bitcoin fund worth $26 billion into ETF, stating that it invalidated the grounds put forward for the approval of the Teucrium Bitcoin ETF and the non-approval of the spot ETF. 

Macron: "Web 3.0 and Metaverse Have Great Potential"

In an interview, French President Emmanuel Macron said cultural institutions in France should support Web 3.0 and set an NFT policy. Metaverse and Web 3.0 can be a tremendous tool for promoting created content, he added. 

The US Will Keep Crypto in Treasury!

The United States has announced that it is looking for a company to store various cryptocurrencies, especially Bitcoin, in the state of Tennessee. Currently, there is no cryptocurrency in the treasury, but with this step, unowned cryptocurrencies are thought to be sent to the state's “unowned property program.”
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 352670.53 TRY

Bitcoin lost a 1,13% value during morning hours and is priced around $39.006. When we consider the BTC/USDT parity technically, the price movement continues within the ascending channel that existed as of January 24th. Bitcoin, which could rise above the 50-day moving average ($42,100) last week, is trying to find support in the channel lower line, which has not been able to maintain permanence here. Pullbacks up to $36,000 may occur if the channel loses its support.

RESISTANCES 39.713 / 40.449 / 40.978
SUPPORTS 38.448 / 37.919 / 37.183

BITCOIN [BTC] 352670.53 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24566.34 TRY

Ethereum lost a 2,64% value during morning hours and is priced around $2845. When we consider the ETH/USDT pair technically, ETH, which broke the rising minor trend downwards, lost support at $2986 (Fibo 50% and the 50DMA). With the loss of this level, pullbacks up to $2,500 might follow.

RESISTANCES 2934 / 3018 / 3070
SUPPORTS 2662 / 2746 / 2798

ETHEREUM [ETH] 24566.34 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 318.95 TRY

AVAX lost a 2% value during morning hours and is priced around $69.43. Retesting the strong uptrend that it has tested many times before, AVAX went up to $82 (50DMA). But it could not sustain its upward price movement. As long as the trend is not lost downwards, the first price target is $87.52 (Fibo 61%). 

RESISTANCES 72,29 / 74,70 / 76,10
SUPPORTS 64,67 / 67,08 / 68,48

AVALANCHE [AVAX] 318.95 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.15 TRY

Ripple lost a 4,53% value during morning hours and is priced around $0.6664. When we consider the XRP/USDT pair technically, XRP broke the rising triangle formation as of January. The first demand zone in XRP might be the previous dip level of $0.62132. Finding support from there, a retest $0.70 level might follow.

RESISTANCES 0,6998 / 0,7260 / 0,7401
SUPPORTS 0,6192 / 0,6454 / 0,6595

RIPPLE [XRP] 8.15 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 974.87 TRY

LTC lost a 3,60% value during morning hours and is priced around $100.7. When we consider the LTC/USDT pair technically, LTC had seen a consistent reaction from $114, which is also an important resistance and 50DMA level. As of today, around $98-101 levels are support. After the upward breakout, a rise towards $134 might follow.

RESISTANCES 104,41 / 107,59 / 109,30
SUPPORTS 94,63 / 97,81 / 99,52

LITECOIN [LTC] 974.87 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 2,55% value during morning hours and is priced around $12.93. LINK, which has been dominating the price movement below the downtrend since November 10, is priced close to the lower line of the horizontal channel that has existed for more than a year. As long as the demand zone in the channel lower line is not lost downwards, rises might follow towards the supply zone marked in red.

RESISTANCES 13,59 / 14,14 / 14,68
SUPPORTS 11,39 / 11,95 / 12,49

BASIC ATTENTION TOKEN [BAT] 5.53 TRY

BAT lost a 4% value during morning hours, and is priced around $0.6958. When we consider the BAT/USDT parity technically, the price movement continues within the horizontal channel that existed as of March 14th. BAT saw a demand from the zone marked in green and soared towards the middle channel. Although it broke the $0.78 level (50DMA) upwards, the day close stayed below this level. As of today, if BAT, which moves close to the channel lower line, finds support from here, there may be a rise towards the level of 0.97 dollars (top line).

RESISTANCES 0,7255 / 0,7528 / 0,7673
SUPPORTS 0,6419 / 0,6692 / 0,6837

BASIC ATTENTION TOKEN [BAT] 5.53 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.