DAILY CRYPTOCURRENCY NEWS

US BANK Launches Cryptocurrency Custody Services Amid Strong Demand From Institutional Clients

US BANK has launched cryptocurrency custody services.  “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said.

CoinShares Survey: The Largest Potential in Ethereum

Most fund managers see greater potential in Ethereum than Bitcoin, according to a CoinShares report published Tuesday, despite this year more competitors in the Layer-1 projects and the transferring of Ethereum's market cap to new projects.

Gensler Says SEC Can't Ban Cryptocurrency

SEC Chairman Gary Gensler was asked about the possibility of a China-like cryptocurrency ban yesterday. Gensler answered that this does not fall under the SEC's duties and that the U.S.'s approach is different from China's.

QNB Partners With Ripple For Cross-Border Payments

The National Bank of Qatar (QNB) is launching a wire transfer service in partnership with Ripple to improve cross-border payments by reducing transaction delays for QNB customers.

Glassnode: Bitcoin Is Maturing Behind Institutions, Trading Desks and High Valued Individuals

Glassnode says that Bitcoin (BTC) has become a macro asset class thanks to major players in financial markets. In Glassnode's new weekly report, it is pointed out that Bitcoin's blockchain is constantly dominated by transactions that take place over $10,000,000.

NFT Sales Surpass $10 Billion in Third Quarter

NFT craze mounted in the third quarter of this year, with around $10.7 billion in sales volume. This number is eight times higher than the quarter before at $1.3 billion.

Bitcoin Will Become Currency in Brazil Soon, According to Federal Deputy Aureo Ribeiro

Aureo Ribeiro, a federal deputy in Brazil, stated that bitcoin might become a recognized currency in Brazil soon, during an interview with local media. The politician noted that Brazilians will be able to buy houses, cars with cryptocurrency in the near future.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 375752.27 TRY

Showing a sideways trend in morning hours, Bitcoin is priced at $51.485. US BANK has launched cryptocurrency custody services.  “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said. Furthermore, Aureo Ribeiro, a federal deputy in Brazil, stated that bitcoin might become a recognized currency in Brazil soon, during an interview with local media. Following El Salvador, Brazil to recognize Bitcoin as a currency will start a new era.

When we consider the BTC/USDT parity in technical terms, Bitcoin has found support at its 50-day moving average and has risen sharply for two days. Increasing trading volume with price triggers the rise. In the hourly and daily chart, metrics do not include any negativity. We expect Bitcoin to continue its rise and set our first short-term price target at the level of $52,944.

RESISTANCES 52.490 / 53.555 / 55.260
SUPPORTS 49.720 / 48.015 / 46.950

BITCOIN [BTC] 375752.27 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 25413.18 TRY

Ethereum lost a 1,0% value during morning hours, and the current price is $3485,63. Most fund managers see greater potential in Ethereum than Bitcoin, according to a CoinShares report published Tuesday, despite this year more competitors in the Layer-1 projects and the transferring of Ethereum's market cap to new projects.

When we consider the ETH/USDT parity in technical terms, the price movement is in the upward direction by finding support at $3551(Fibo'78,60). In the daily chart, MACD continues to give a buy signal. As we mentioned in the bulletin yesterday, our first price target for ETH is $3670.

RESISTANCES 3564 / 3641 / 3741
SUPPORTS 3209 / 3286 / 3386

ETHEREUM [ETH] 25413.18 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 323.54 TRY

AVAX lost a 1,76% value during morning hours, and the current price is $63,49. When we consider the AVAX/USDT parity in technical terms, AVAX is moving in the ascending channel as of Sept. 13. has now horizontal price movement as of Sept. 26. In the 4-hour chart, although MACD continues to give a buy signal, it hit the oversold zone. One of the critical factors determining the next price direction for AVAX will be the direction of break of the horizontal band marked in yellow. AVAX moves near the support levels in the morning. If it closes the day below $61,5, that can lead to pullbacks.

RESISTANCES 65,45 / 68,39 / 70,00
SUPPORTS 56,35 / 59,29 / 60,90

AVALANCHE [AVAX] 323.54 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 9.19 TRY

Ripple lost a 1,7% value during morning hours, and the current price is $1,067. The National Bank of Qatar (QNB) is launching a wire transfer service in partnership with Ripple to improve cross-border payments by reducing transaction delays for QNB customers. For Ripple, which continues to work with large institutions, such news feeds will positively affect the XRP price in the medium term.

When we consider the XRP/USDT parity in technical terms, the buy signal from stochastic continues in the daily chart of XRP, which rises again with the support found near the $1 support level on October 4. XRP, moving towards the level of $1.10 (50-day moving average) is expected to accelerate along with the upward break. This break could trigger a rise towards the $1.30 level.

RESISTANCES 1,0870 / 1,1120 / 1,1369
SUPPORTS 0,9872 / 1,0122 / 1,0371

RIPPLE [XRP] 9.19 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 1011.04 TRY

LTC lost a 1,6% value during morning hours; the current price is $170,3. When we consider the LTC/USDT parity in technical terms, having broken the $170.9 level (Fibo'61,81) upwards yesterday, LTC continued its rise to the $174.8 (50-day moving average). As of this morning, LTC had some pullbacks, and now is retesting the Fibo'61,80 tranche. Along with the retest, if LTC breaks the 50-day moving average upwards, the next price target is $189 (200-day moving average).

RESISTANCES 175,70 / 179,92 / 184,28
SUPPORTS 158,54 / 162,76 / 167,12

LITECOIN [LTC] 1011.04 TRY +7.00 +0.03 VOL 21 LTC

LINK lost a 1,90% value during morning hours, and the current price is $26,83. When we consider the LINK/USDT parity in technical terms, yesterday LINK broke the $26.95 level (50-day moving average) and closed the day above $27.23. Along with the upward break of the trend as of Sept. 6, LINK has a horizontal price movement and is priced below the 200-day moving average. Together with the break of the resistance level near the 200-day moving average, LINK might resolve sales pressure and begin to rise.

RESISTANCES 27,24 / 27,93 / 28,42
SUPPORTS 24,87 / 25,56 / 26,05

BASIC ATTENTION TOKEN [BAT] 5.71 TRY

BAT lost a 0,30% value during morning hours, and the current price is $0,74. When we consider the BAT/USDT parity in technical terms, BAT, which rose to $0,7428 (Fibo'61.80) level, closed the day below this level. In the daily chart, the metrics continue to give a positive signal. As we mentioned in the bulletin yesterday, if the support level in the $ 0.70-$0.72 holds in the daily chart, our next price target for BAT is $0.84.

RESISTANCES 0,7489 / 0,7689 / 0,7925
SUPPORTS 0,6617 / 0,6817 / 0,7053

BASIC ATTENTION TOKEN [BAT] 5.71 TRY +7.00 +0.03 VOL 21 BAT

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