DAILY CRYPTOCURRENCY NEWS

Venezuela’s International Airport to Accept Bitcoin

One of the international airports in Venezuela is ready to open Bitcoin and other crypto payment options for ticketing due to the growing popularity of digital assets. According to reports, Simon Bolivar International Airport is working to activate crypto payments following local regulations.

Ripple Has Signed a Special ESG Partnership Worth $44 Million

Ripple, a leading blockchain and cryptocurrency solutions provider, has announced a $44 million investment in Nelnet Renewable Energy and one of Nelnet's solar investment funds.

Payment Giant Stripe Is Building a Bitcoin and Crypto Team

According to a job advertisement recently published on Stripe's website, the company is looking for four new people "Crypto Engineer." Guillaume Poncin has announced the creation of engineers and designers teams to integrate" crypto" into their platform.

Wanchain Launches the First Cross-Chain Bridge with Link Polkadot and Brings EVM Smart Contracts to DOT

Wanchain, the world's leading decentralized blockchain interoperability solution, has announced the integration of Wanchain's decentralized, unattended cross-chain infrastructure with Polkadot.

Total Value Locked in DeFi Surpassed $200 Billion

The increase in interest in the decentralized finance (DeFi) sector continued this year, and the total value locked in DeFi protocols (TVL) exceeded $200 billion. Since January 1, DeFi TVL on various blockchains has increased by about 855%, increasing from $21.4 billion to $204 billion.

IMF Warns About Stablecoins

The International Monetary Fund believes that cryptocurrencies have not yet posed a risk to the global financial system. However, he is concerned about the growing market value of stablecoins and how they are supported. He calls for "global standards for crypto-assets" to eliminate these question marks.

Russia Has No Plans to Follow in China's Footsteps By Banning Crypto Altogether, Deputy Finance Minister Says

While Russia continues to ban cryptocurrency payments as part of legislation that came into force in January, the country currently has no plans to completely ban cryptocurrency trading by its citizens.

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 352756.92 TRY

Bitcoin gained a 0,60% value during morning hours; the current price is $56.339. According to a job advertisement recently published on Stripe's website, the company is looking for four new people "Crypto Engineer." Guillaume Poncin has announced the creation of engineers and designers teams to integrate" crypto" into their platform. Bitcoin, is being integrated into systems by payment giants, is at the very beginning of the road in terms of adaptation. As adaptation increases, demand will increase, and the supply prices that are limited will move upward.

When we consider the BTC/USDT parity in technical terms, Bitcoin, which experienced sharp intraday drops yesterday, retreated to the $52,800 - $53,800 support points marked in yellow on the chart and compensated some of its losses along with the support. Metrics proceed to give a sell signal on the daily chart. Therefore, considering that the regression may continue for a short time, our initial price target of $58.355 is still valid.

RESISTANCES 57.899 / 59.720 / 61.789
SUPPORTS 54.009 / 51.940 / 50.119

BITCOIN [BTC] 352756.92 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 24557.79 TRY

Ethereum gained a 0,30% value during morning hours, and the current price is $3501,99. The increase in interest in the decentralized finance (DeFi) sector continued this year, and the total value locked in DeFi protocols (TVL) exceeded $200 billion. Since January 1, DeFi TVL on various blockchains has increased by about 855%, increasing from $21.4 billion to $204 billion. This development in the DeFi sector, a large part of which is on the ETH network, will have a positive impact on the ETH price.

When we consider the ETH/USDT parity in technical terms, ETH, which experienced sharp drops yesterday, minimized its intraday losses along with the support near the 50-day average ($3354). A daily close above the $3685 is important for ETH, which holds the head-and-shoulders pattern. With the approval of this pattern, a rise towards $4600 can be seen.

RESISTANCES 3569 / 3626 / 3708
SUPPORTS 3291 / 3348 / 3430

ETHEREUM [ETH] 24557.79 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 319.79 TRY

AVAX gained a 3,10% value during morning hours, and the current price is $55,77. When we examine the AVAX/USDT parity in technical terms, AVAX, which has closed daily below the 50-day moving average ($56.96) for the last two days, faced resistance from this level that it had retested this morning. AVAX, which retreated to the level of $50.71 (Fibo'50), began to move in an upward direction again alongside the support. On AVAX, the daily close is expected to bring bullish movements along with the 50-day moving average again.

RESISTANCES 58,69 / 60,68 / 64,50
SUPPORTS 47,07 / 49,06 / 52,88

AVALANCHE [AVAX] 319.79 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 8.32 TRY

Ripple gained a 1,3% value during morning hours, and the current price is $1,1155. When we consider the XRP/USDT parity in technical terms, XRP, which was affected by the market-wide declines yesterday, dropped to the $1.0876 level (50-day moving average) but could hold on to the above level as of the daily close. XRP can recover in the short-term metrics, but this is not valid on the 4-hour chart. XRP can continue to rise if it holds above the 50-day moving average. The initial price target for XRP is $1,41.

RESISTANCES 1,1397 / 1,1633 / 1,2005
SUPPORTS 1,0181 / 1,0417 / 1,0789

RIPPLE [XRP] 8.32 TRY +7.00 +0.03 VOL 21 XRP

LITECOIN [LTC] 972.53 TRY

LTC gained a 1,10% value during morning hours, and the current price is $174,0. When we consider the LTC/USDT parity in technical terms, LTC, which had lost about 7,2% intraday loss yesterday, could compensate a part of the loss, along with the support at the $165-170 zone. Having closed the day below the $174,6 (50-day moving average) on the daily chart, a sales pressure for LTC might come up if it does not break the level upwards. Although the buy signal continues on the MACD, $185 is considered to be an important resistance level for LTC, which has lost its upward momentum.

RESISTANCES 178,38 / 182,26 / 188,45
SUPPORTS 158,24 / 162,12 / 168,31

LITECOIN [LTC] 972.53 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 1,25% value during morning hours, and the current price is $24,93. When we consider the LINK/USDT parity in technical terms, LINK, which recently saw sales pressure due to both the resistance from its 50-day moving average and the downward break of the yellow-marked compression area, retreated to the $23.50 levels. On the daily chart, MACD gives a sell signal but in-short term metrics there is a positive outlook. If there is a recovery in the short-term price, the daily metrics will also improve, and there will be a rise towards the 50- and 200-day moving averages equivalent to the $27 level.

RESISTANCES 25,60 / 26,15 / 27,18
SUPPORTS 22,43 / 22,98 / 24,01

BASIC ATTENTION TOKEN [BAT] 5.51 TRY

BAT gained a 1,25% value during morning hours, and the current price is $0,7036. When we consider the BAT/USDT parity in technical terms, BAT, which retreated to the level of $0.6762 (Fibo'50) yesterday, recovered with support at this zone. Some metrics lose their positivity on the daily chart. As of this morning, having begun to be priced in the $0.70-$0.72 band again, BAT may continue to rise towards $0.7522 (50-day moving average), if it breaks this zone upwards.

RESISTANCES 0,7191 / 0,7350 / 0,7626
SUPPORTS 0,6321 / 0,6480 / 0,6756

BASIC ATTENTION TOKEN [BAT] 5.51 TRY +7.00 +0.03 VOL 21 BAT

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