DAILY CRYPTOCURRENCY NEWS

The Use of Cryptocurrencies in Retail!

A recent study by experts found that the number of adults using digital assets for day-to-day purchases in the US will increase by 70% compared to last year, and the metric will increase from 1.08 million to 3.6 million users.

Over 700 Million Dollars Liquidated as Terra (LUNA) Falls Under $1!

As of yesterday, the cumulative market capitalization of all cryptocurrency assets reportedly exceeded $400 billion in less than a week and fell to $1,350 trillion, the lowest level in 10 months. However, total liquidations exceeded $700 million on a 24-hour scale.

TRON DAO Adds $2 Billion to its Reserves to Protect TRX!

Following the Terra disaster, Justin Sun assured on Twitter that he plans to set aside $2 billion to fight potential attacks on TRX.

Terra's Founder Do Kwon Unveils Plan to Save Terra!

Terraform Labs CEO Do Kwon, who remained silent for 18 hours after reports about Terra, planned several remedial measures to save Terra. Kwon suggested that he would increase the base pool from $50 million to $100 million in SDRs and reduce PoolRecoveryBlock from 36 to 18.

Mark Cuban: "Cryptocurrency Has Recesssion"!

"Cryptocurrencies are going through a period of recession," Mark Cuban said on Twitter, comparing the current cryptocurrency market to the Internet of the 2000s. However, Cuban believes that smart contracts will be the next driving force in the cryptocurrency ecosystem.

Israeli Central Bank Hesitates About CBDC!

According to Reuters, the Israeli central bank has yet to decide whether to create a digital version of the fiat currency, although public opinion supports the central bank's idea of digital currency. Although the discussions on digital shekels have been going on since 2017, no conclusion has been reached.

 Grayscale and the SEC Came Together!

According to CNBC, Grayscale met privately with the SEC last week to persuade it to approve the conversion of its funding into an ETF. However, converting the Grayscale Bitcoin Trust into an ETF traded on NYSE will expand access to Bitcoin and improve protections and provide up to $8 billion in value for traders.

Germany Won't Tax for Selling BTC and ETH if Held for Over a Year

The German Ministry of Finance published the country's first cryptocurrency tax guideline. Parliamentary Spokesperson Katja Hesse said that individual investors could sell Bitcoin and Ethereum tax-free, which they hold for a year.

Warren Buffett-Backed Digital Bank Nubank Buys Bitcoin, Adds Trading In App

In a statement, Nubank said it allowed its customers to purchase, sell and retain Bitcoin from the bank's mobile app. Nubank will also allocate 1% of its portfolio to Bitcoin to “strengthen the company's faith,” stated. However, Warren Buffet, which owns Nubank shares, has indirectly invested in BTC.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 359680.86 TRY

After the strong employment data received last week, we observed that the Fed broke the level of 40k dollars in BTC with the sales pressure on risky assets as a result of the expectations that it could implement a more aggressive monetary policy. While the inflation data, which is one of the parameters that form the basis of the Fed's monetary policies, pointed to a return from its historic summit the other day, it pointed to an 8.3% increase in US inflation on an annual basis, slightly above expectations. Although the data points to a decline, concerns about the sustainability of the deceleration in price rising and the fact that it was explained above expectations caused Bitcoin to break the level of psychological support at $30,000. At the same time, we observed the effort to find the support of over $30,000 with the purchase reaction after the opening of the US markets. On the other hand, the losses in USDT for the day caused an increase in sales pressure in the market.

Bitcoin lost a 6,23% value during morning hours and is priced around $27.263. When we consider the BTC/USDT pair technically, we see that the pricing is below the 8-20 day moving average and the technical indicators give a sales signal. We'll follow closures of over $30,000 to regain momentum for purchases.

RESISTANCES 30.506 / 33.974 / 35.832
SUPPORTS 25.180 / 23.322 / 19.854

BITCOIN [BTC] 359680.86 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24645.44 TRY

With the effect of sales pressure experienced as a result of monetary tightening expectations and depreciation in USDT, we see that pricing in ETH is priced at the level of 1856 dollars with a depreciation of 10.71% as of morning time.
When we consider the ETH/USDT pair technically, we will closely monitor the 2160 level tested as of January 24 in response to purchases to be experienced. In the parity where we see that the downtrend still continues, the prices are below the 8-20 day moving average and MACD gives a sales signal.

RESISTANCES 2262 / 2681 / 2912
SUPPORTS 0962 / 1381 / 1612

ETHEREUM [ETH] 24645.44 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.63 TRY

As a result of the depreciation in USDT on Wednesday, we observed that AVAX sustains its negative divergence. The parity, which we see as a result of the announcement of the response plans to rescue Terra from Do Kwon, the CEO of Terraform Labs, who broke his silence, is priced at $27.36, with a 14.18% depreciation as of the morning hours.

When we examine it in technical terms, the level of 30.50 tested as of September 7 in the parity, which the sales pressure continues, is an important level of support, but future statements about Terra during the day will be important in terms of reaction purchases in parity. On the daily chart metrics where we see that the downtrend continues, there may be reaction purchases from the level of 30.50 dollars working as support before if there is a positive news flow, although the sales pressure continues.
 

RESISTANCES 37,16 / 47,75 / 53,71
SUPPORTS 4,06 / 14,65 / 20,61

AVALANCHE [AVAX] 319.63 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.80 TRY

Ripple lost a 15% value during morning hours and is priced around $0.3597. When we consider the XRP/USDT pair technically, we see that the level of 0.5090, which is the support level of the descending triangle formation appeared as of April 14, was broken due to the sales pressure at the beginning of the week. The technical indicators show a sales signal. If the pricing's previously tested 0.4220 support level is permanent, the next level we will follow stands out as the 0.3680 level. We believe that downward pricing will not be lost in the short term and the rise for XRP will continue in the short term.

RESISTANCES 0,4894 / 0,6234 / 0,6998
SUPPORTS 0,0686 / 0,2026 / 0,2790

RIPPLE [XRP] 8.80 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 992.06 TRY

LTC lost a 16% value during morning hours and is priced around $56.2. When we consider the LTC/USDT pair technically, there is no major news flow, when sales pressure in altcoins continue. We can see that purchase reaction appears if there is support above this level in the parity, where we see that pricing below 67.60, which has previously worked as a support level as of morning hours, is tested.

RESISTANCES 77,25 / 94,57 / 105,69
SUPPORTS 20,37 / 37,69 / 48,81

LITECOIN [LTC] 992.06 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 16,80% value during morning hours and is priced around $5.92. When we consider the LINK/USDT parity technically, the downward trend since November continues and we see that sales have gained momentum since the beginning of the week. In the short term, the sales pressure, which came to the fore as of April, has deepened its sales since last week with the monetary tightening and its investment in secure assets. In the short term, if there is more than $7 support, the next support level of 5.95 can be followed if this level is broken in the parity, which we think that purchase reactions can appear.

RESISTANCES 07,75 / 09,70 / 10,71
SUPPORTS 01,84 / 03,79 / 04,80

BASIC ATTENTION TOKEN [BAT] 5.65 TRY

BAT lost a 15,80% value during morning hours, and is priced around $0.3597. As of the beginning of April, we see that the downtrend continues, the prices in the parity are below the 8-20 day averages, but the technical indicators give a sales signal. In the parity where we see that the level of 0.45, which is the dip level in July, is broken downwards, we think that if the level of 0.3640 is broken upwards, the purchase reactions may appear.

RESISTANCES 0,4305 / 0,5406 / 0,5986
SUPPORTS 0,0943 / 0,2044 / 0,2624

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

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