DAILY CRYPTOCURRENCY NEWS

Twitter Is Building A Crypto Team

According to a report published by The Financial Times on Wednesday, the social media platform Twitter has created its cryptocurrency team to become part of the decentralized Internet.

Tether Launches USDT Stablecoin on the Avalanche Blockchain

Tether's USDT stablecoin is now available on the Avalanche blockchain. Emin Gün Sirer, director of the Avalanche Foundation, called the USDT's launch on Avalanche "an essential building block for DeFi users."

Bitcoin Hits New Record Above $69,000 After Inflation Hits 30-Year Peak

Bitcoin, which wiped out its daily losses within minutes after the Bureau of Labor Statistics announced yesterday that U.S. consumer prices rose at the fastest pace in more than 30 years last month, reached a new high.

Ethereum Outperforms Bitcoin in Transaction Volume

According to the Q3 revenue report published by an American cryptocurrency exchange, Ethereum once again took first place of Bitcoin in the volume of transactions in the second quarter.

AMC Will Add Shiba Inu as Payment Method

The CEO of the prominent USA cinema chain AMC made a poll on Twitter for cryptocurrency Shiba Inu to list; now, it is reported that AMC is trying to list it.

China's Evergrande Group Is Said to Be in Default
Evergrande Group was expected to pay an overdue bond coupon yesterday. Evergrande's failure to make the coupon payment allegedly caused the company to officially default and is said to have triggered the default of other bond coupons as well
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 352904.51 TRY

Bitcoin lost a 0,40% value during morning hours; the current price is $64,623. Bitcoin, which wiped out its daily losses within minutes after the Bureau of Labor Statistics announced yesterday that U.S. consumer prices rose at the fastest pace in more than 30 years last month, reached a new record above $69,000. Evergrande Group was expected to pay an overdue bond coupon yesterday. Evergrande's failure to make the coupon payment allegedly caused the company to officially default and is said to have triggered the default of other bond coupons as well. That was the news flow triggered the sharp decline throughout the market yesterday.

When we consider the BTC/USDT pair technically, Bitcoin, which continues to move within the ascending channel that exists as of July 20, reached its new peak level of $69,000. Following the US inflation data, the positive outlook got hurt by Evergrande's default new, and BTC, which has been retreating towards the middle band of the channel, found support at the level of $63,000. If the pullbacks continue, the channel middle band of $62,200 level should be followed.

RESISTANCES 68.186 / 71.521 / 74.114
SUPPORTS 62.258 / 59.665 / 56.330

BITCOIN [BTC] 352904.51 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24606.54 TRY

Ethereum gained a 0,15% value during morning hours, and the current price is $4632. According to the Q3 revenue report published by an American cryptocurrency exchange, Ethereum once again took first place of Bitcoin in the volume of transactions in the second quarter. However, when we check the burning processes taking place on the Ethereum network, we see that the burning rate is over 60%. We expect that the realization of more than produced will have a positive effect on the ETH price in the medium and long term, as well as on the supply effect.

When we consider the ETH/USDT pair technically, ETH, priced around the uptrend for a month, reached the new peak level of $4822. There's no such a new for ETH. We think that the rises will continue towards the $6.000 level for ETH, which has a cup-and-handle pattern in the weekly chart, as it holds onto the uptrend. 

RESISTANCES 4862 / 5069 / 5275
SUPPORTS 4036 / 4243 / 4449

ETHEREUM [ETH] 24606.54 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 320.11 TRY

AVAX gained a 1,38% value during morning hours, and the current price is $86,73. When we consider the AVAX/USDT pair technically, AVAX has been continuing its price movement within the ascending channel as of August. AVAX, which recently retreated with the resistance it saw from the $97 level (the channel middle band), yesterday retested the $80 level and closed the day above it. If it holds onto the $80 level, it can reach the short-term middle band target of $100 level.

RESISTANCES 94,24 / 101,88 / 109,85
SUPPORTS 63,02 / 70,66 / 78,63

AVALANCHE [AVAX] 320.11 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.31 TRY

Ripple gained a 1,22% value during morning hours, and the current price is $1,2030. When we consider the XRP/USDT pair technically, XRP brought profits compared to the general market, wiped outs its intraday gains, and closed the day negative 5,30% after the Evergrande news. We do not expect to fall below this level in the XRP, which closed yesterday on the Fibo'78.60 zone. In the daily chart, MACD continues to give a buy signal. We expect the rises for XRP to continue towards our short-term price target of $1.41.

RESISTANCES 1,3394 / 1,4591 / 1,5688
SUPPORTS 0,8806 / 1,0003 / 1,1100

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

LITECOIN [LTC] 974.61 TRY

LTC lost a 1,80% value during morning hours; the current price is $254,8. When we consider the LTC/USDT pair technically, LTC, which continues to move within the ascending channel that exists as of July 20, could not reach the upper band, despite the tryout. Short-term pullbacks will be good for LTC, where we have seen very sharp rises over the past few days. The pullbacks may deepen. The levels near the middle band may be considered a buy zone; the upper band levels seem right for the profit realization.

RESISTANCES 289,05 / 319,77 / 344,55
SUPPORTS 178,05 / 208,77 / 233,55

LITECOIN [LTC] 974.61 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 0,10% value during morning hours, and the current price is $34,11. When we consider the LINK/USDT pair technically, LINK, which moves in the ascending channel as of September 21, reached the short-term price target of $36,33 yesterday. LINK brought profits compared to the general market and closed the day positively. LINK can rise towards $37, after finding the support at the middle band.

RESISTANCES 37,95 / 41,31 / 44,34
SUPPORTS 25,17 / 28,52 / 31,56

BASIC ATTENTION TOKEN [BAT] 5.51 TRY

BAT gained a 0,70% value during morning hours, and the current price is $1,0864. When we consider the BAT/USDT pair technically, BAT experienced sharp pullbacks after the sharp rise by the Solana agreement. BAT, which closed the day above the Fibo'61.80 zone, tested this level again today and found support. Our short-term price target is $1.2258 as long as it holds onto it.

RESISTANCES 1,1831 / 1,2703 / 1,3558
SUPPORTS 0,8377 / 0,9249 / 1,0104

BASIC ATTENTION TOKEN [BAT] 5.51 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.