DAILY CRYPTOCURRENCY NEWS

The Amount of ETH Burned Exceeds the Threshold

Until this morning so far, regarding the amount of ETH burned, we see that about 295,790 ETH were burned, and the total value of ETH burned is over $1 billion.

SEC Chairman Emphasizes the Registration in His Speech

SEC Chairman Gary Gensler, whose speeches are also closely followed in the cryptocurrency market explained that some crypto currency platforms would have to go a registration with the SEC in his statements before the committee yesterday.

Citi Leads $15M Investment into Digital Asset Company Amberdata

Amberdata plans to expand its research and development further into decentralized exchanges, DeFi and understanding money flows in stablecoins, the CEO said.

Paxful Integrates Lightning Network for Faster, Cheaper Bitcoin Transactions

Paxful has integrated Lightning Network to keep user fees lower than traditional Bitcoin transactions.

Ark Invest's Cathie Wood Predicts Bitcoin

Ark Investment Management Ceo Cathie Wood expects the price of Bitcoin to be more than $500,000 within five years, which is over 10 times what it is today.

Global Investment Bank Morgan Stanley Launches a Dedicated Cryptocurrency Research Team

Global investment bank Morgan Stanley sets up new cryptocurrency research team. “The launch of dedicated crypto research is in recognition of the growing significance of cryptocurrencies and other digital assets in global markets,” the bank said about their step.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359626.95 TRY

Showing sideways trend during morning hours, Bitcoin is priced at $47,097. Bitwise, one of the largest cryptocurrency fund management companies, has applied for Bitcoin ETF. Pending ETF applications continue to increase. We see the approval of ETFs as one of the important factors that will positively affect the flow of money across the market.

Regarding BTC/USDT parity in technical terms, BTC, which dropped its 50-and 200-day moving average down relevant with the effect of news flows on September 13, broke back again to an above average trading volume yesterday and daily closed.The retreat started at $52,944, has been evaluated about 19% down and ended at $43,913, which corresponds to the Fibo'38.20 tranche. In the daily chart, MACD goes well. By the golden cross coming very soon, the fear of death cross that had previously been experienced on the investor side will be completely cooled down. If the $47,365 level, which corresponds to the Fibo'23.60 tranche for BTC, pushes upwards, rise sign can be seen towards the local peak at 52,944.

RESISTANCES 47.878 / 48.806 / 50.222
SUPPORTS 45.534 / 44.118 / 43.190

BITCOIN [BTC] 359626.95 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24659.55 TRY

Showing sideways trend during morning hours, Bitcoin is priced at $47,097. Bitwise, one of the largest cryptocurrency fund management companies, has applied for Bitcoin ETF. Pending ETF applications continue to increase. We see the approval of ETFs as one of the important factors that will positively affect the flow of money across the market.

Regarding BTC/USDT parity in technical terms, BTC, which dropped its 50-and 200-day moving average down relevant with the effect of news flows on September 13, broke back again to an above average trading volume yesterday and daily closed.The retreat started at $52,944, has been evaluated about 19% down and ended at $43,913, which corresponds to the Fibo'38.20 tranche. In the daily chart, MACD goes well. By the golden cross coming very soon, the fear of death cross that had previously been experienced on the investor side will be completely cooled down. If the $47,365 level, which corresponds to the Fibo'23.60 tranche for BTC, pushes upwards, rise sign can be seen towards the local peak at 52,944.

RESISTANCES 3464 / 3537 / 3629
SUPPORTS 3134 / 3207 / 3299

ETHEREUM [ETH] 24659.55 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.93 TRY

During morning hours AVAX lost value 1,25% and now is priced at $50,48. As we consider AVAX/USDT parity in technical terms, AVAX, which retreats about %26,5 from its peak of $64,90 on September 12, finds support at $49,67 corresponding to Fibo'61,80 tranche. AVAX, which is priced at the below trend since September 12, is expected that the upward price movement will accelerate in accordance with the breaking of the upward trend.

RESISTANCES 55,93 / 59,84 / 63,41
SUPPORTS 40,97 / 44,88 / 48,45

AVALANCHE [AVAX] 319.93 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.78 TRY

During morning hours Ripple lost value 1,00% and now is priced at $1,0855. As we consider XRP/USDT parity in technical terms, XRP, which depicts movement without volume compared to the total market yesterday, cut the level of $1,0715, which corresponds to Fibo'61.80 tranche, again upward and daily closed. As we noted in yesterday's Newsletter, we expect the rises to continue as long as XRP shows persistence above the $ 1,075 level. In the daily chart, stochastic proceeds give buy signals. The initial price target for XRP is $1,222.

RESISTANCES 1,1019 / 1,1206 / 1,1421
SUPPORTS 1,0215 / 1,0402 / 1,0617

RIPPLE [XRP] 8.78 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 991.10 TRY

During morning hours LTC lost value 1,20% and now is priced at $180,9. As we consider LTC/USDT parity in technical terms, LTC, which has horizontal price movement after sharp price movements due to the news flow on September 13, is currently priced behind the market. As we mentioned in yesterday's Newsletter, what shapes the trend of the LTC, which is priced between the 50 and 200-day moving averages, will be the break of one of these two averages. But since the outlook is positive in the majors as of yesterday's daily closes, the break in LTC is expected to be upward.

RESISTANCES 187,00 / 194,20 / 199,46
SUPPORTS 162,08 / 169,28 / 174,54

LITECOIN [LTC] 991.10 TRY +7.00 +0.03 VOL 21 LTC

During morning hours LINK lost value 2,10% and now is priced at $30,15. As we consider LINK/USDT parity in the technical terms, LINK, which retests the key level at $26,67, went up sharply with the support level and having above trading level, and broke back up the 200-day moving average which corresponds to $27,94 and $29,34 which is relevant to Fibo'78,60 and daily closed. Stochastic's buy signals are still valid. The retreat movement to $29,34 during morning hours is tested, and if the retest is successfully completed, we can expect that LINK continues to rise around $34.

RESISTANCES 31,77 / 33,49 / 36,05
SUPPORTS 23,21 / 24,93 / 27,49

BASIC ATTENTION TOKEN [BAT] 5.65 TRY

During morning hours BAT lost value 0,35% and now is priced at $0,7807 . As we consider BAT/USDT parity in technical terms, this area of compression and the 50-day moving average for BAT, which has stagnated since September 7, has recently broken $ 0.756 down. BAT, which broke its 50-day moving average upward again last night, held the daily close above this level, which is equivalent to $0.765. If the $0,7948 price which corresponds to Fibo'61,80 breaks upward, BAT can persist in rising to $ 0,88.

RESISTANCES 0,7950 / 0,8079 / 0,8299
SUPPORTS 0,7252 / 0,7381 / 0,7601

BASIC ATTENTION TOKEN [BAT] 5.65 TRY +7.00 +0.03 VOL 21 BAT

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