Turkey Interest Rate Announced
The Central Bank of the Republic of Turkey raised its policy rate from 8.5% to 15% on Thursday. In the statement made afterwards, it was stated that a monetary tightening period was entered.
Powell’s 2nd. Day Descriptions
FED Chairman Jerome Powell made a presentation to the US Senate’s Banking Committee on Thursday, following his midterm presentation and Q&A on Wednesday. Regarding interest rate hikes, Powell said that he thinks it may be appropriate to raise interest rates 2 more times this year. Explaining that they are gradually slowing down on interest rates, Powell also stated that there is a long time ahead to reach the inflation target of 2%. At the same time, Powell added that they also expect the labor market to slow down
Giant French Bank Applies for Crypto Services
CACEIS, a subsidiary of Crédit Agricole, has applied to provide crypto custody services in France. CACEIS, an asset services company, was registered by the French Financial Markets Authority (AMF) on Tuesday, June 20.
Spain’s Banking Giant Offers Bitcoin Training to Investors
Santander Bank, one of Spain’s banking giants, has been continuing its curiosity and research on crypto assets since 2022. According to the latest news from Santander, the bank has put the Digital Assets 101 training series on its website and made the training available to its investors.
BITCOIN(BTC)
Bitcoin is pricing at $ 30,051 with a 0.56% gain in value as of today morning hours. After the rise in Bitcoin with positive news flows, we see that the price is trying to catch permanence above 30,000. After rising to the 30,700 region, we see that the descending movement it realized after rising to the 30,000 region gradually squeezed to the 30,000 region and after the interest rate statements from Powell yesterday, it retreated to 29,500 levels and then returned. In case of a downward break of the 30,000 level in Bitcoin, our next support zones are at 29,000.
ETHEREUM(ETH)
ETH, which gained 0.71% as of morning hours, is priced at $ 1885. In Ethereum, we have seen that the downward break in Ethereum has risen to the 1930 level, which is exactly the channel resistance level, with the rise following the return to the horizontal channel in the range of 1770-1930, which we have realized in the past weeks, and then profit sales started from here. After the decline in Ethereum to the 1860 region, we can say that there is a small rise in Ethereum and the target level is again the 1930 region.
