DAILY CRYPTOCURRENCY NEWS

Significant Increase in Active Bitcoin Address Quantity

The number of active BTC addresses reached its third-highest, according to Glassnode. With the movement of the Bitcoin price in November, the number of active wallets that made BTC transfers reached approximately 19.6 million. In-chain transaction volume also increased by 47%. These levels were previously observed in December 2017 and January 2018.

Bitcoin could turn into a global asset, according to BlackRock CEO

Larry Fink, CEO of BlackRock, which holds $ 7.4 trillion in assets under his management, sees the potential of the Bitcoin and cryptocurrency industry to become a mainstream market. He also drew attention to the impact of BTC on international dollar-based assets. Fink's comments are a positive development for the still-developing cryptocurrency market and its predecessor, Bitcoin.

Crypto Money Statement from IMF

IMF; Bitcoin valued Ethereum and XRP among "unofficial" currencies. It was emphasized that the functioning of CBDCs without a legal basis can pose a risk, especially for central banks.

PayPal CEO Says It's Time for Cryptocurrencies to Proliferate

On December 2, the first day of the Web Summit online conference, PayPal CEO Dan Schulman expressed his optimism about the future of cryptocurrencies, claiming it was time to go mainstream. Schulman added that by creating a more efficient financial system they could "help improve financial health" for many people.

New Policies on the Agenda in the USA
In the new stimulus package planned to combat coronavirus effects in the USA, it was stated that the size of $ 908 billion should form the basis of the negotiations. According to the latest statements of Biden, he announced that he will develop a consistent strategy against China by negotiating with his allies in Asia and the USA, and that investments in labor rights and education will be completed quickly.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 353264.53 TRY

Bitcoin is losing around 1.5% this morning, falling below the $ 19,000 level again. Despite the news of vaccination, gold is rising between BTC-XAU, whose correlation has been in the opposite direction recently. The main reason for this was firstly the $ 908 billion aid package being brought to the agenda and secondly, the increase in inflation expectations with the upward movement of bonds in the US yield curve. The increase in volatility indices such as MOVE and GVZ also triggers some safe harbor demand. For this reason, we find such retreats healthy for the upward trend to progress healthier after a rapid rise towards 20,000. PayPal then launched Visa's credit card that earns BTC as you spend with BlockFi. The interest of institutions continues exponentially. We see that the demand is alive.

When we consider BTC / USD technically, the range of $ 18,400-18,600 is the support zone for pullbacks. The oscillators included in the chart also confirm the double peak formation in the range of $ 18,800- $ 19,300. While the pattern is not large, it confirms the correct correction to the beginning of the $ 18k levels. We would like to remind and state that we are still in an upward trend. Unlike the trend, the position can be risky and the reaction that may come from the supports in the withdrawals can be followed more carefully.

RESISTANCES 19,410 / 19,765 / 20,225
SUPPORTS 18,590 / 18,130 / 17,775

BITCOIN [BTC] 353264.53 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24598.69 TRY

Bitcoin is losing around 1.5% this morning, falling below the $ 19,000 level again. Despite the news of vaccination, gold is rising between BTC-XAU, whose correlation has been in the opposite direction recently. The main reason for this was firstly the $ 908 billion aid package being brought to the agenda and secondly, the increase in inflation expectations with the upward movement of bonds in the US yield curve. The increase in volatility indices such as MOVE and GVZ also triggers some safe harbor demand. For this reason, we find such retreats healthy for the upward trend to progress healthier after a rapid rise towards 20,000. PayPal then launched Visa's credit card that earns BTC as you spend with BlockFi. The interest of institutions continues exponentially. We see that the demand is alive.

When we consider BTC / USD technically, the range of $ 18,400-18,600 is the support zone for pullbacks. The oscillators included in the chart also confirm the double peak formation in the range of $ 18,800- $ 19,300. While the pattern is not large, it confirms the correct correction to the beginning of the $ 18k levels. We would like to remind and state that we are still in an upward trend. Unlike the trend, the position can be risky and the reaction that may come from the supports in the withdrawals can be followed more carefully.

RESISTANCES 610 / 620 / 635
SUPPORTS 580 / 565 / 555

ETHEREUM [ETH] 24598.69 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.89 TRY

The Avalanche team will answer questions from the Telegram group with its management team on December 3rd. Using the Proof of Stake model long before Ethereum 2.0, the platform's project gives the green light going forward. The fact that the managers communicate with the platform users also appears as an element of trust.

When we consider AVAX / USD technically; The first of the two upward trends we have drawn since November 4 contains the main picture and the other contains the sag levels. For this reason, our main support of 3.60 and $ 3.40 can be called the comfort zone as the region where sagging is observed. There is a minor upward trend in this region that has been formed for the past month with the arrival of buy reactions. The view is horizontal but in the direction of the uptrend.

RESISTANCES 3,8675 / 3,9610 / 4,0765
SUPPORTS 3,6585 / 3,5430 / 3,4490

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

RIPPLE [XRP] 8.31 TRY

Based on yesterday's trading, Ripple retreated near 2%, trading around $ 0.62. Ripple saw a 1.151% increase in transaction volume as its price nearly tripled last month. With the increased support of institutions and the demand for Spark Token, exponential increases in transaction volume can be seen in the coming months. In addition, the increase in the number of exchanges that support Spark Token may increase the demand for XRP, as Spark Token will be distributed to investors holding XRP at a 1: 1 ratio. He thinks that countries such as the UK, Japan and Singapore will have the legal clarity and certainty that Ripple CEO predicts for the next two years. He hinted that Ripple is likely to hit public markets within two years.

When we consider XRP / USD technically, it continues to move around $ 0.62 on the horizontal axis compared to yesterday's transactions on the four-hour charts. It will continue its positive course as it is traded above the rising trend. In addition, the OBO view in a four-hour period signals a reversal from the uptrend. The Fibo'50 retracement zone that coincides with the bullish (green) trend coincides with the 0.60 level, and if it breaks, the OBO starts may indicate a trend reversal. While the outlook is for recovery appetite for now, movements are weak. The $ 0.6475 and $ 0.6650 resistances could be considered, with the buying trading higher.

RESISTANCES 0,6400 / 0,6565 / 0,6770
SUPPORTS 0,6030 / 0,5825 / 0,5660

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

LITECOIN [LTC] 975.81 TRY

Litecoin is trading at around $ 86, down near 3% this morning, based on yesterday's transactions. According to Glassnode data; The Realized Price Rate reached its highest level in the last six months at $ 69.25. We see that the short-term market sentiment has disappeared. It provides a positive indicator in terms of the longer term volatility of Litecoin's value. Litecoin total number of transactions decreased by 14% in the last day compared to the daily averages.

In LTC / USD, it managed to continue its rise to the 90.20s level by overtaking the $ 85 level, which was the critical resistance in yesterday's trading, with a strong buy. LTC / USD, which retreated to the $ 85 support in the evening, recovered in the morning. If LTC / USD, which has been trading in the $ 85-90 range since the beginning of the week, manages to jump over here during the day, $ 95 can be considered. In possible withdrawals, the reaction from daily supports to $ 80 levels can be observed. In LTC / USD, where the double bottom formation continues, the end of the blue zone, which is the target zone, and our presence in this zone may support the buying reactions.

RESISTANCES 91,00 / 94,15 / 97,60
SUPPORTS 84,35 / 80,85 / 77,70

LITECOIN [LTC] 975.81 TRY +7.00 +0.03 VOL 21 LTC

LINK is trading near $ 14, down around 1% this morning from yesterday's trading. It officially started with the completion of the Ethereum 2.0 genesis block. It is expected to contribute positively to Chainlink and DeFi projects using the Ethereum network with the increase in the amount of Ethereum staked day by day.

Technically, LINK has been moving within the bullish channel since late September, with profit sales coming in, with a retreat from $ 14.80 to $ 13. Trying to react inside the bullish channel in yesterday's trading, LINK / USD continues its transactions between the middle band of the channel at $ 13.20 and the upper resistance band of the channel at $ 15.20. If it is traded above $ 14.05 in case of continuation of its rise, the resistance of $ 14.80 can be considered.

RESISTANCES 14,25 / 14,70 / 15,25
SUPPORTS 13,30 / 12,75 / 12,30

BASIC ATTENTION TOKEN [BAT] 5.52 TRY

BAT / USD has been traded near $ 0.2400 on the horizontal axis since yesterday. According to Glassnode data, BAT average transfer volume transferred between wallets to exchanges has increased by up to 50% in the past day. Although there were withdrawals in the crypto money markets with the profit realizations seen with yesterday's increases, it started to recover again. It is trading between $ 0.2270 and $ 0.2580 with the breakdown of the minor uptrend.

RESISTANCES 0,2505 / 0,2565 / 0,2665
SUPPORTS 0,2350 / 0,2250 / 0,2190

BASIC ATTENTION TOKEN [BAT] 5.52 TRY +7.00 +0.03 VOL 21 BAT

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