DAILY CRYPTOCURRENCY NEWS

Vitalik and Former Argentina President Macri Meet

Ethereum Co-Founder Vitalik Buterin recently had a private conversation with former Argentine President Mauricio Macri during a crypto event. According to the tweet shared by Macri, the two discussed the opportunities offered by crypto and blockchain. Macri called Ethereum one of the "most innovative" decentralized technologies of the century.

IMF Chief Economist Says 'Regulation Is Absolutely Important' for Crypto Sector

The chief economist at the International Monetary Fund (IMF) argues that regulation is "absolutely important" for the crypto sector. She added that banning cryptocurrencies, like what India could be considering doing, would pose practical challenges given their decentralized nature.

Crypto Asset Manager VanEck Launches AVAX Investment Service

Vaneck has announced the launch of ETN that leverages the crypto asset avalanche (AVAX). ETN will be the analog of five funds launched earlier in Europe that offer investors the service of investing in leading digital assets. 

SEC Delays Decision on Bitcoin ETFs

The US SEC has postponed deciding on spot Bitcoin applications made by Grayscale and NYSE Arca. The new date for the commission to make its decision was scheduled for February 2022. The market is in the spotlight after the launch of the Bitcoin futures ETF continues to follow the decisions.

Decentraland Partners with NBA Champion Stephen Curry

Decentraland has partnered with NBA champion Stephen Curry. Decentraland's official Twitter account announced the new partnership, and along with this announcement, an allusion was made to the possible launch of a new product on December 21.

SBI Group Launches Crypto Asset Fund For Japanese Investors
SBI Group, Tokyo's largest financial company, will allow Japanese investors to buy cryptocurrency through the newly launched "crypto asset fund". The fund consists of seven cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, Bitcoin Cash (BCH), Chainlink (LINK) and Polkadot (DOT).
 

DAILY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 375583.52 TRY

Bitcoin gained a 0,10% value during morning hours; the current price is $46.657. The US SEC has postponed deciding on spot Bitcoin applications made by Grayscale and NYSE Arca. The new date for the commission to make its decision was scheduled for February 2022. The market is in the spotlight after the launch of the Bitcoin futures ETF continues to follow the decisions.

When we consider the BTC/USDT pair technically, Bitcoin, which continues to move within the downtrend that exists as of November 10, is priced above the $47.159 (200-MA) but then closed the day below this level. Bitcoin can retreat to $42.500 if it loses the uptrend on August 3, tested many times. But if a breakout occurs and holds onto the 200MA, an upward price movement can be expected.

RESISTANCES 47.923 / 49.036 / 49.867
SUPPORTS 45.979 / 45.148 / 44.035

BITCOIN [BTC] 375583.52 TRY +7.00 +0.03 VOL 21 BTC

ETHEREUM [ETH] 25400.44 TRY

Ethereum lost a 0,35% value during morning hours, and the current price is $3907. Ethereum Co-Founder Vitalik Buterin recently had a private conversation with former Argentine President Mauricio Macri during a crypto event. According to the tweet shared by Macri, the two discussed the opportunities offered by crypto and blockchain. Macri called Ethereum one of the "most innovative" decentralized technologies of the century.

When we consider the ETH/USDT pair technically, ETH closed the week below the support at the cup-and-handle formation and broke the Fibo'61,80 level downward this weekend. ETH has had a stagnated price movement for the last ten days. A breakout would determine the trend.

RESISTANCES 3993 / 4075 / 4126
SUPPORTS 3726 / 3808 / 3859

ETHEREUM [ETH] 25400.44 TRY +7.00 +0.03 VOL 21 ETH

AVALANCHE [AVAX] 323.55 TRY

AVAX lost a 1,20% value during morning hours, and the current price is $105,31. Vaneck has announced the launch of ETN that leverages the crypto asset avalanche (AVAX). ETN will be the analog of five funds launched earlier in Europe that offer investors the service of investing in leading digital assets.

When we consider the AVAX/USDT pair technically, AVAX, which has been continuing its price movement within the ascending channel since August, the consistent rise towards $117 (Fibo'78,60) occurred. We expect both the channel lower line and the 50-day moving average to support AVAX, which retreats towards the line with the reaction from the same level.

RESISTANCES 112,50 / 120,15 / 124,50
SUPPORTS 88,50 / 96,15 / 100,50

AVALANCHE [AVAX] 323.55 TRY +7.00 +0.03 VOL 21 AVAX

RIPPLE [XRP] 9.19 TRY

Ripple gained an 8,10% value during morning hours, and the current price is $0,9066. When we consider the XRP/USDT pair technically, XRP continues price action inside the downward trend on September 7 and has positive divergence, which gave a buy signal along with the intersection of 7-and-14 DEMA last week. Along with those buy signals coming at levels close to the lower line of the channel, XRP, which broke the downward trend that existed as of November 10 at the weekend, started the week with a sharp rise. The first major resistance level in front of the uptrend is at the level of $0.9458 (200MA).

RESISTANCES 0,9354 / 0,9729 / 1,0293
SUPPORTS 0,7476 / 0,7851 / 0,8415

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

LITECOIN [LTC] 1010.20 TRY

Sabah saatlerinde yaklaşık yüzde 1,10 oranında değer kazanan LTC 154,8 $ seviyesinde fiyatlanıyor. LTC/USDT paritesini teknik anlamda ele aldığımızda geçtiğimiz hafta mavi ile işaretli destek bölgesinden destek bulan LTC, hafta sonu 10 Kasım itibarıyla var olan alçalan trendine doğru yükselişler görüldü. Günlük periyotta incelediğimizde MACD'den aşırı satım bölgesinde al sinyali geldiğini görüyoruz. Çok uzun süre sonra MACD'nin gelen al sinyali ile birlikte takip edilmesi gereken fiyat hareketi alçalan trend kırılımı. Kalıcılı yükseliş için alçalan trendin ve aynı zamanda bu seviyeye karşılık gelen 200 günlük hareketli ortalamanın kırılımı gerçekleşmeli.

RESISTANCES 161,96 / 167,92 / 173,85
SUPPORTS 138,18 / 144,14 / 150,07

LITECOIN [LTC] 1010.20 TRY +7.00 +0.03 VOL 21 LTC

LINK gained a 0,25% value during morning hours, and the current price is $18,91. When we consider the LINK/USDT pair technically, LINK, which continues price action inside the ascending channel as of July 2020, has found support at the lower line in the last few days. MACD gave a buy signal after positive divergence occurred. If the downtrend breaks upward along with the buy signals coming close to the support, we think that momentum will come with this break, and there may be rises towards the $24.57 level (200MA). A stop order should be set while the lower line breaks downward.

RESISTANCES 19,99 / 21,05 / 21,74
SUPPORTS 16,48 / 17,54 / 18,23

BASIC ATTENTION TOKEN [BAT] 5.71 TRY

BAT lost a 0,50% value during morning hours, and the current price is $1,1239. When we consider the BAT/USDT pair technically, BAT found support at the uptrend as of October 30 and surged last week. However, although it tested the 50MA level many times, a breakout could not occur. We expect the uptrend to be tested again for the BAT, which experienced a pullback with the reaction from its 50-day moving average again yesterday.

RESISTANCES 1,1783 / 1,2339 / 1,2667
SUPPORTS 1,0015 / 1,0571 / 1,0899

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

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