DAILY CRYPTOCURRENCY NEWS

Singapore's Giant Bank Opens Cryptocurrency Platform


DBS, Singapore's largest bank, announced that it has initiated a change from fiat currency to cryptocurrency. Users will be allowed to trade with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and XRP. DBS Digital Exchange will be offered directly to institutional investors, including financial institutions and professional market makers.

$ 8 Million Token Distribution from Audius

Spotify rival Audius has retrospectively distributed 50 million AUDIO tokens to musicians and listeners using the platform. Its approximate value corresponds to 8 million dollars. The project plans to use blockchain technology to increase transparency and reduce brokers in the musical supply chain.

Sudden Rise in Uniswap Volumes

After the attack on the DeFi project Harvest Finance, the volume of the decentralized exchange protocol Uniswap increased to $ 2 billion. It provided a temporary boost in transaction volume in Uniswap. Harvest Finance, which is currently ranked 290th by market value, has declined 53.26% in the last 24 hours.

Bank of India Will Offer Crypto Service At Its 34 Branch

Bank of India United Multistate Credit Co. Operative Society will allow United account holders to integrate cryptocurrency wallets directly into their accounts. Customers will also be able to directly purchase Bitcoin (BTC), Ethereum (ETH), XRP, and Cashaa (CAS). The bank will also offer its customers a loan purchase service against cryptocurrencies in the future.

News from Icrypex

* ICRYPEX is now on Spotify! * Crypto Zoom - Our morning assessment has been uploaded to our ICRYPEX YouTube channel

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 349972.10 TRY

Bitcoin analysis- Bitcoin is moving with a gain close to 1% this morning. In addition to the declines in global indices, BTC demand for safe haven still continues. In yesterday's trading, the $ 13.395 level was in the resistance position and this point has been broken. However, after the resistance was broken, the volume of BTC contracts in the futures market rose to an 8-month high, with the volume falling in the spot. This volume difference diverging between spot and futures could be preliminary signals of a correction for spot BTC. Nevertheless, we will continue to maintain the positive course as we stay above 12,800.

When we consider BTCUSD technically, the minor uptrend formed in addition to the main trend in BTC, which is approaching the $ 14K levels with the break of the $ 13,395 level, continues to be current. The flag formation between $ 11,700-13,200 also gives positive signals for the continuation of the trend, while the $ 13,900 level is the top of June 26, 2019 and appears as a strong resistance. There is some loss of momentum in the MACD and momentum. Still, 13,375 and 12,750 are our main supports.

RESISTANCES 13,900/ 14,120/ 14,500/ 14,800
SUPPORTS 13,580/ 13,375/ 12,750/12,490

BITCOIN [BTC] 349972.10 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24232.55 TRY

Ethereum analysis - Quantstamp says Ethereum 2.0 is ready for launch. The Ethereum community hopes that Ethereum 2.0 will be launched before the end of 2020. Contrary to the news that has been received so far, if the market starts pricing the expectation that the Ethereum 2.0 update will be completed, it may initiate a new uptrend. On the other hand, even though ETH lags slightly behind Bitcoin's yield, Bitcoin miners' income has increased by 22% in the last 24 hours. Hence the demand for the Ethereum network may increase. Nevertheless, DeFis may be left behind due to the market's risk-off mode.

When we consider ETH / USD technically, the decreasing trend that has occurred since the beginning of September is still up to date. In Ethereum, which continues within the bullish channel, the middle band of this channel at $ 392 also coincides with the Bollinger mid-band. The channel subband also crosses the $ 380 level. Therefore, as long as it does not fall behind the $ 392 level during the day, the movements can react to the $ 412 level where the descending channel passes.

RESISTANCES 408/ 412/ 415/ 420
SUPPORTS 403/ 400/ 392/ 388

ETHEREUM [ETH] 24232.55 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 316.96 TRY

RESISTANCES 4,0840/ 4,1130/ 4,1400/ 4,1550
SUPPORTS 4,0570/ 4,0340/ 4,0210/ 4,0010

AVALANCHE [AVAX] 316.96 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.15 TRY

RESISTANCES 0,2540/ 0,2600/ 0,2670/ 0,2730
SUPPORTS 0,2485/ 0,2460/ 0,2440/ 0,2400

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

LITECOIN [LTC] 962.02 TRY

RESISTANCES 59,90/ 61,20/ 62,50/ 63,40
SUPPORTS 57,70/ 56,75/ 55,90/ 54,70

LITECOIN [LTC] 962.02 TRY +7.00 +0.03 VOL 21 LTC

RESISTANCES 12,25/ 12,45/ 12,60/ 12,85
SUPPORTS 11,80/ 11,60/ 11,40/ 11,20

BASIC ATTENTION TOKEN [BAT] 5.45 TRY

RESISTANCES 0,2085/ 0,2170/ 0,2250/ 0,2300
SUPPORTS 0,2050/ 0,2020/ 0,2010/ 0,1960

BASIC ATTENTION TOKEN [BAT] 5.45 TRY +7.00 +0.03 VOL 21 BAT

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