WEEKLY CRYPTOCURRENCY NEWS

Grayscale Cryptocurrency Fund Exceeds 30 Billion Dollars

With the announcement that Tesla company has made an investment of $ 1.5 billion in Bitcoin, Bitcoin price has skyrocketed. Tesla also stated they made an application to SEC to  support payments to be made with Bitcoin.

Avalanche and Ethereum Networks are Connected

According to the project called the Avalanche Ethereum Bridge, thanks to the connection established between Avalanche and Ethereum, people will be able to switch between the two ecosystems according to the price and speed of the transactions. When the transaction fees in Ethereum rise, traders will be able to use Avalanche network with reduced fees and when there is not enough liquidity in Avalanche, it will be possible to switch back to Ethereum network for higher liquidity.

Interest In Cryptocurrencies is Quite Different In The USA And Japan

A Japan-based exchange reached more than three thousand companies in the US and Japan, and conducted a survey that measured companies' interest in digital assets. According to the survey results, US citizens think that Bitcoin is more attractive than gold whereas most of the Japanese participants were negative against Bitcoin.

Digital Yuan Begins To Be Used For Payments

According to the report of the South China Morning Post, a Hong Kong-based newspaper, China will distribute 30 million digital yuan as of February 10. Digital yuan will be used in both online and physical stores. Thus, the process of bringing the digital yuan project to the public, which is the biggest part of China's transition to a cashless payment system, is accelerating.

Alo Fatwa Line is Getting Questions About Bitcoin

According to the news of the Anadolu Agency, 155 thousand questions are asked to the "Alo Fatwa" line in 2020. Bitcoin and cryptocurrencies are among the most asked questions of citizens. People are curious about the religious provisions of cryptocurrency usage.

 

Bitcoin Investment Worth $ 1.5 Billion From Tesla

With the announcement that Tesla company, of which Elon Musk is the CEO, has made an investment of $ 1.5 billion in Bitcoin, Bitcoin pricing has skyrocketed. Tesla also stated in his application to the SEC that he will also support payments to be made with Bitcoin.

Connected Between AVAX and Ethereum

According to the project called the Avalanche Ethereum Bridge, thanks to the connection established between Avalanche and Ethereum, people will be able to switch between the two ecosystems according to the price and speed of the transactions. When the transaction fees in Ethereum rise, Avalanche will be able to switch to Ethereum if there is not enough liquidity in Avalanche.

Interest In Cryptocurrencies Is Quite Different In The USA And Japan

A Japan-based exchange reached more than three thousand companies in the US and Japan, and conducted a survey that measured companies' interest in digital assets. According to the survey results, US citizens think Bitcoin is even more attractive than gold. It was noted that most of the Japanese participants were negative against Bitcoin.

Digital Yuan Begins To Be Used For Payments

According to the report of the South China Morning Post, a Hong Kong-based newspaper, China will distribute 30 million digital yuan as of February 10. Digital yuan can be used in both online and physical stores. Thus, the process of bringing the digital yuan project to the public, which is the biggest part of China's transition to a cashless payment system, is accelerating.

Bitcoin Usage Is Being Asked to Alo Fatwa Line

According to the news of the Anadolu Agency, 155 thousand questions came to the "Alo Fatwa" line in 2020. Bitcoin and cryptocurrencies are among the most curious questions of citizens. The most curious about the religious provisions of cryptocurrency usage.

Increasing Interest in Litecoin

Litecoin futures open interest reached $ 585 million, revealing that institutional investors like Grayscale and Bitwise are interested in Litecoin. Although futures contracts cannot be definitely interpreted positively, increased interest may result in larger investments.

DeFi Article Published at Fed Branch

A branch of the US Federal Reserve, St. An article about DeFi and blockchain, the decentralized financial industry, was published on the Louis Federal Reserve's website. The article stated that although the DeFi sector still carries certain risks, it has a sound and transparent financial infrastructure.

France Calls for Regulation

Robert Ophèle, president of AMF, France's financial regulatory body, proposed an approach to cryptocurrency regulation to stimulate the growth and development of innovative projects.

US Former OCC President Think Ripple Can Set Up SEC

Brian Brooks, former head of the U.S. Money Control Office (OCC), said he believes positive regulations will be imposed on cryptocurrencies and that the parties will agree to the case between the SEC and Ripple. As for whether XRP will be declared a security, he declined to answer.

Can Apple Buy Bitcoin?

Tesla announced that he bought $ 1.5 billion worth of Bitcoin the other day. Some names in the industry think that the next company will be Apple. The $ 2.2 trillion Apple company has $ 200 billion in cash assets, which means it can buy 25% of the Bitcoins in circulation.

Miami Municipality Holds Meeting for BTC Purchases

Miami Mayor Francis Suarez, known for his positive attitude to Bitcoin, announced on February 11 that he will hold a meeting to add Bitcoin to the Miami City balance sheet. In the announcement, it was stated that Elon Musk's BTC purchase helped a lot to organize this meeting.

Mastercard Will Accept Payment With Cryptocurrencies

Payment giant Mastercard has announced that it will take an important step in the sector and planning to integrate the payment system with cryptocurrencies in the businesses where Mastercard has passed.

Real Estate Sales in Turkey to do with Bitcoin

Developments in the use of Bitcoin as a payment method in many areas of life have also reflected in the Turkish construction industry, and a construction company announced that they have developed an online payment platform that enables home sales with Bitcoin.

Twitter CFO Spoke About Buying Bitcoin

Speaking to CNBC, Twitter Chief Finance(CFO) Manager Segal said employees are considering how to add Bitcoin to their reserves if they accept payments in Bitcoin or if a seller requests payments in Bitcoin. Thus, the company has shown that plans are ready to implement the Bitcoin payment system.

Lagarde: It Will Take Time For Us to Worry About Inflation

European Central Bank (ECB) President Lagarde made statements that monetary expansion will continue. Explaining that inflation concerns have been postponed for the time being, ECB President stated that they are far from inflation targets yet and that the expansionary policy will continue.

CBDC Will Be Spoken At The G7 Meeting
It was announced that the Central Bank Digital currencies will be discussed at the G7 summit, which will be held by the top 7 countries with the world's largest economy. At the meeting to be held on February 12, digital taxation practice and debt issues will also be discussed.

Amount Locked in DeFi Market Set A Record Again

The total value of locked-in assets in the Decentralized Finance (DeFi) sector reached a record $ 39.79 billion. The DeFi sector continues to grow, with both the increasing number of locked assets and the increase in the value of cryptocurrencies.

Russia Purchases Massive Bitcoin Mining Device
A senior manager of BitRiver, one of the largest Crypto mining companies in Russia, reported that a customer has purchased more than 20,000 mining devices. BitRiver CEO stated that these imported devices are the largest mining hardware in Russia.
 

Britain Also Will Be Able To Buy Cryptocurrency With PayPal After US

PayPal plans to increase its crypto opportunities for the UK in the coming months. Thus, UK citizens will be the first outside of the US to be able to use PayPal to purchase crypto.

Canadian Securities Commission Approves First Bitcoin ETF


The first publicly available Bitcoin exchange traded fund (ETF) in North America was approved in Canada. According to the decision document, the approval receipt from the Ontario Securities Commission was approved under the Multilateral Instrument passport system in multiple jurisdictions of Canada.

Jed McCaleb Sold His Own XRPs Again

In the last two days, 40 million XRP has been sold from the wallet of Jed McCaleb, former co-founder of Ripple, named "Tacostand".

UBER Will Start Receiving Payments With Bitcoin
Dara Khosrowshahi, CEO of UBER, who joined CNBC, explained that they are considering accepting Bitcoin and cryptocurrencies while talking about UBER's future plans. These steps to increase the quality of service will enable customers to make UBER payments with the cryptocurrencies they own. UBER serves in more than 60 countries.

BNY Mellon Starts Approving Bitcoin Transactions

Bank of New York Mellon Corp., the oldest bank in the USA, announced in its announcement that bank customers can use their accounts to store and transfer Bitcoin. Regelman, responsible for BNY Mellon's digital branch, stated that high-end customers are requesting Bitcoin and cryptocurrency services.

Expectations in Bitcoin are Below $ 100K for 2021

Although the bull rally atmosphere increased with the expectations of 2021 after Tesla's purchase of Bitcoin, the pricing of 100 thousand dollars in the Bitcoin options market at the end of 2021 is 12%. The odds of 70 thousand dollars and above are priced at a rate of 21%.

Yellen Made New Statement About Cryptocurrency

US Treasury Secretary Janet Yellen, known for his negative attitude towards cryptocurrencies, said in his statements on crypto currencies, "I can see what the new technology promises, but crypto coins are used to launder money and finance terrorism." said. He defined the widespread use of cryptocurrency as a "growing problem".

Jim Cramer Says BTC Buying Will Be Fashionable

Mad Money host Jim Cramer congratulated Elon Musk and Tesla on their Bitcoin investment. According to Cramer; Bitcoin investments by corporate names such as Tesla, Mastercard and Paypal will turn into a flow among large companies, and then many companies will follow this trend and invest in BTC with their cash assets.

Record-Level ETH Staking For Ethereum 2.0 Update

The amount of ETH staked on the Ethereum 2.0 blockchain broke a new record and reached 3 million Ethereum. Thus, for the 2.0 update, 5.4 billion USD worth of ETH was staked. The number of active validators approached 85 thousand and an average of 365 new validators join the system during the day.

Amazon Launches a Project to Make Payment with Cryptocurrency

Amazon is preparing to launch a digital currency project in Mexico. In the job advertisement for the project, it is stated that customers will benefit from all online services by converting fiat money into digital currencies. Thus, Amazon has taken another step to bring its impact on the Internet economy to the digital dimension.

WEEKLY CRYPTOCURRENCY ANALYSIS

BITCOIN [BTC] 373024.90 TRY

Bitcoin is trading at $ 47,400 this morning. After two records coming yesterday, the $ 48,910 zone became ATH. Following the recent tweet news-based rises on Twitter, the investor profile, which is always on guard, evaluating possible increases and increasing profit appetite, stands out. Due to their appetite to take profit, the period of holding positions also shortened. On the other hand, although stablecoins kept in stock exchanges increase with on chain data, there is no significant change in the amount of stablecoins that are newly sent. This situation provides space for investors to act instantly in case new opportunities arise in stable coins. The absence of stablecoins held in stock exchanges also supports Bitcoin and other altcoin prices and plays an important role in keeping the market from shrinking.

When we consider BTC / USD technically, the steep trend with higher slopes formed on the continuation of the upward trend is passing at $ 46,500. Currently, the on-chain data indicates a stable situation rather than a decrease or a rise. Therefore, although we see profit sales in the continuation of the rise, our band is in the range of $ 46,500-50,000. The view is horizontal and positive.
 

RESISTANCES 49.059 / 50.768 / 53.047
SUPPORTS 45.071 / 42.792 / 41.083

BITCOIN [BTC] 373024.90 TRY +7.00 +0.03 VOL 21 BTC

AVALANCHE [AVAX] 319.56 TRY

Due to the problem experienced yesterday in the Avalanche network, prices were less voluminous and at times weak movements were observed. After solving yesterday's problem, there is a further recovery in prices this morning and AVAX / USD is trading at $ 47.70, gaining 1.5%. The problem occurred after the Pangolin update, which was a bridge update between Avalanche and the ERC network, but the idea and project were correct, and the price responses after the problem solution brought along.

On the technical view, AVAX / USD is in the Fibo'50 and '38 range of $ 43.70-47.55, which corresponds to the 20 zone. If the horizontal likes break in the bullish course, purchases can be traced towards the next correction zone at $ 52.30. It is necessary to make good use of the midpoint of Fibonacci. If it is above the 50% region, it can react and look at short-term peaks as resistance.

RESISTANCES 54,4361 / 62,8814 / 69,2631
SUPPORTS 39,6091 / 33,2274 / 24,7821

AVALANCHE [AVAX] 319.56 TRY +7.00 +0.03 VOL 21 AVAX

LITECOIN [LTC] 1005.90 TRY

Litecoin has been withdrawn on the last day of the week after a record of $ 195 on Wednesday, with some profit selling and is priced at $ 183. Litecoin was one of the cryptocurrencies that remained on the negative side in monthly returns last week, but this week, it has become positive on a monthly basis with an increase of 18%. Grayscale received 37,000 LTC in 24-hour change, and its weekly intake reached 50,000. On the basis of today's purchases, we see that the demand for Litecoin, a large amount, continues by investors. Its correlation with BTC has increased to 0.96, and BTC is setting new records. On the other hand, in this period where payment giants such as PayPal and Mastercard made it easier for investors to get in touch with cryptocurrencies, such as using ATMs and cards in trading. Litecoin is the second coin which has the most number of ATM after Bitcoin, and this number has exceeded 9 thousand. The news that Litecoin Card will be integrated into Litecoinwallet within a week was reflected in the prices in basic terms.

When the LTC / USD parity is examined from a technical point of view, it is seen that the prices are below $ 183. This is an important support level, and closings below this level could bring the $ 166 support level back to the agenda. When $ 175 breaks down, a double top pattern will be created and the pattern is pointing around $ 160. However, on the 4-hour chart, an uptrend channel formed as of February is violated and prices occur in the upper band of the channel. The channel mid-band is at $ 180 and a break below this level could bring the channel sub-band to $ 166. The $ 183 level should be followed as the critical level.

RESISTANCES 190,60 / 199,45 / 205,75
SUPPORTS 175,45 / 169,15 / 160,30

LITECOIN [LTC] 1005.90 TRY +7.00 +0.03 VOL 21 LTC

BASIC ATTENTION TOKEN [BAT] 5.67 TRY

BAT / USD increased by 85% in the past week to $ 0.68-0.70 levels. In our Crypto Zoom videos that we upload on YouTube every morning, we stated the $ 0.70 levels four days ago and made a BAT-ALGO comparison that they both carried similar graphics. Currently, the flag formation on the hourly charts has a technical outlook that the uptrend will continue. In flag breaks, the flag length extends towards the $ 0.91 region and gives target values. The outlook is positive on the upside.
 

RESISTANCES 0,7084 / 0,8094 / 0,9407
SUPPORTS 0,4761 / 0,3448 / 0,2438

BASIC ATTENTION TOKEN [BAT] 5.67 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, Emir Tanju 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.