BlackRock CEO Likens Bitcoin to Digital Gold
BlackRock CEO Larry Fink made important statements in a television broadcast yesterday. To the Bitcoin question naturally asked in the program, he stated that Bitcoin is an international asset. He also stated that crypto assets are digitized gold and can be used as a hedge against inflation and countries’ problems.
Important Changes at SXP
Solar announced that they are shutting down the SXP Swap Portal. The closure of the Swap Portal, which had been open for over a year, has raised expectations for new features and improvements. The announcement said that it is time to move to the next phase and that they are excited about the capacity of the platform and the new functions that will be added. It was also announced that they plan to announce their new roadmap and whitepaper in their short-term plans and then they plan to realize Core V.5 and Solar Debit Card projects. With this news, SXP closed the day with a rise of more than 10%.
Valkyrie Spot Reapplies for Bitcoin ETF
Valkyrie had applied for the Spot Bitcoin ETF in recent weeks. Then, following the SEC’s evaluation of the applications last week, the company decided to renew its applications. Valkyrie also named Coinbase as the custodian of the fund.
Spot Trading Volume on Stock Exchanges on the Rise
Last month, spot trade volume on exchanges rose by 16.4% to USD 575 billion. This was the first rise in trade volumes after 3 months of decline. According to CCData data, the main reason for the increase in volume is considered to be the volatility caused by the SEC lawsuits and then the increased risk appetite with spot ETF applications.
Blur Founder Pacman Speaks About NFTs
Blur founder Pacman said that the criticism they have received with the falling NFT prices is unwarranted. Pacman, whose real name is Tieshun Roquerre, responded on Twitter by quoting a Blur article shared by a follower.
BITCOIN(BTC)
Bitcoin is priced at $ 30,847 with a 0.26% gain in value as of today morning hours. Although the selling movement in Bitcoin yesterday pushed the price to 30,200 levels, we see that it has returned to 30,600 levels with very low volume for now. In Bitcoin, both the lack of new developments in the market and the closure of the first two days in the US markets (half day on Monday) compressed the price and reduced volumes. For now, looking at the 4-hour chart in Bitcoin, we can say that the horizontal channel movement continues, the 30,600 region serves as the channel mid-band, and if it is tested and broken upwards, the next short-term target will be the 31,400 region. In addition, the employment data to be released today is also of great importance for the market.
ETHEREUM(ETH)
ETH, which gained 0.62% as of morning hours, is priced at $ 1922. In Ethereum, we see that it retreated to the middle band of the 1855-1930 channel and made a comeback from here. In Ethereum, the 1930 level seems to be our target zone again. In case of a breakout, the levels of 1860 and then 1850 will be critical in case of a downward turn in 1970.
COMPOUND(COMP)
COMP, which gained 4.04% as of morning hours, is priced at $ 61.81. COMP, which has been falling for 3-4 days with the sales pressure it faced at the $ 70 level, fell to $ 56, but did not close below the $ 59 support and then managed to continue its rise to $ 62. We can say that the upward target in COMP will be $ 70 and $ 95 levels in case of a break of $ 70 and $ 70, while in case of downward movement, the 58.90 and 48.50 regions will be critical.
