Bitcoin Above $65,000 Again
While global markets generally reacted to the decrease in geopolitical tension between Israel and Iran, the price of Bitcoin exceeded the $ 65,000 level as of Monday morning. With the geopolitical tensions seen last week, we saw downward movements in the entire cryptocurrency market, especially Bitcoin. However, since no negative developments were observed over the weekend and the Halving event was successfully carried out, upward mobility appears again.
New Funding Move from Grayscale
Grayscale’s new Bitcoin Mini Trust will be listed on NYSE Arca under the ticker BTC and will offer a 0.15% fee rate. The product is intended to offer existing GBTC holders a lower-fee alternative without the tax inconvenience. Grayscale plans to contribute approximately 63,620 Bitcoins to the Mini Trust. This represents 10% of GBTC’s Bitcoin assets and a value of approximately $4 billion.
Bitcoin Fees Dropped After Halving
The average fees paid on the Bitcoin network dropped significantly just one day after reaching an average of $128 on April 20, the day of the fourth halving. According to April 21 data, average Bitcoin fees dropped to $8-10. Additionally, a total fee of $78.3 million was reached on the day of the Halving.
PYUSD Integration from Singaporean Triple-A Company
According to a recent report from Bloomberg, Singapore-based licensed payments firm Triple-A is preparing to integrate Paypal’s stablecoin, the PYUSD token, into its system by the end of June. With the addition of PYUSD, Triple-A customers will be able to choose from a wide variety of payment options including Bitcoin, Ethereum, USDT and USDC.
$10 Million Offer from Chainanalyis to Polkadot
Chainalysis offered Polkadot a $10 million partnership opportunity. The services the company will provide include monitoring DOT activities on the Relay Chain and ensuring visibility of potentially risky transactions to regulators and corporate entities. Additionally, Chainalysis will offer on-chain solutions covering investigation, compliance and use cases related to DOT listing.
Blur Reached $1.5 Billion in Q1 Volume
Driven by the overall market recovery, the NFT space surpassed $4.7 billion in volume in the first quarter of 2024. Blur maintained its position as the leading NFT marketplace during this period. In the first quarter of 2024, Blur recorded $1.5 billion in volume while also increasing its market share to 27.6% compared to the previous quarter.
FTX to Auction Next Solana Unlock
FTX will sell locked Solanas, which constitute the largest portion of its assets, as an auction instead of a predetermined price. Following the previous $1.9 billion Solana sale, the next sale will be an auction, according to Figure CEO Mike Cagney. The exact details of the sale have not yet been disclosed.
————————————————————————————————-
BITCOIN (BTC)
BTC is priced at $65,600 with a 1.03% gain in value as of the morning hours. There is a horizontal band between $72,800 and $60,800. There was no close below $60,800 and the upward movement has started. The middle region of the horizontal band, $67,000, is a critical area, and in case of a close above this level, increases up to $72,800 may be seen. If there is a rejection at $ 67,000, there may be a withdrawal again up to $ 60,800.
ETHEREUM (ETH)
As of the morning hours, ETH is priced at $ 3190 with a 1.37% gain in value. There are ups and downs in the price between $ 3300 and $ 2900. Since there was no closing below $2900, the upward movement continues. $3200 is a critical region, and if there is persistence after the volume breakout, an increase up to $3500 can be seen. If there is a rejection from this area, the next strong support areas include $3100 and $3000.
RIPPLE (XRP)
As of the morning hours, XRP is priced at $0.5354 with a 2.10% gain in value. There is a horizontal channel between $0.46 and $0.55. There was no closing below $0.45. For this reason, there is still a possibility that the rise will continue. $0.55 is a critical level, and if it closes above this level, a rise to $0.60 may occur. If $0.55 acts as resistance, areas that could be support include $0.50 and $0.47.
AVALANCHE (AVAX)
AVAX is priced at $38.31 with a 3.00% gain in value as of the morning hours. There is a horizontal line between $39 and $31. We are currently at the resistance level. If a breakout of $39 occurs and persistence is achieved, a rise to $45 can be seen. In case of rejection at this level, a withdrawal may be seen up to $35 and then to $32.
SOLANA (SOL)
SOL is priced at $151.78 with a 1.99% gain in value as of the morning hours. When we examine the four-hour chart, we see that there is a horizontal movement between the $127 and $154 levels. These two levels can be followed as main support and resistance levels. If the $154 level, which is the resistance zone in upward movements, is crossed, the $160 zone can be tested. In case of withdrawals, the $144 region can be followed as a short-term support zone.
CHAINLINK (LINK)
As of the morning hours, LINK is priced at $15,790 with a 4.42% gain in value. When we examine the four-hour chart, we see that the resistance zones of $ 15 and $ 15,500 were broken in a large way with the upward movement experienced over the weekend. If this movement continues, the short-term resistance zone appears as $ 16, and if this zone is passed, the $ 16,500 level can be tested. In case of withdrawals, the $ 15,500 region appears as support.
FTM
FTM is priced at $0.7854 with a 5% gain in value as of the morning hours. When we examine the four-hour chart, we see an image similar to the descending triangle formation and at the same time an upward break of the $0.77 level, which we follow as the resistance zone. If this movement continues, the $0.80 region can be followed. In case of withdrawals, the $0.76 – $0.77 region can be followed as support.
DOT
DOT is priced at $7,365 with a 3.19% gain in value as of the morning hours. When we examine the four-hour chart, we see that the horizontal movement between the $6.25 and $7.20 levels has been broken upward. If this movement continues, a move towards the $7.60 region may be possible. In case of a withdrawal, the $ 7 and $ 7.25 levels can be followed as support.
OUNCE OF GOLD
Ounce Gold is priced at 2364 dollars with a 1.16% loss of value as of the morning hours. When we examine the four-hour chart, we see that persistence above the $ 2400 level has not been achieved and at the same time, the short-term rising trend line has been broken downwards. If this withdrawal movement continues, the $ 2340 level and then the $ 2320 level can be followed as support. In upward movements, the 2380 and 2400 dollar regions appear as resistance.
OUNCE OF SILVER
As of the morning hours, silver is priced at $27.84 with a 2.89% loss in value. When we examine the four-hour chart, we see that the descending triangle formation is downwards and the $28 level, which we follow as the support zone, has been broken downwards. If this movement continues, the $27.70 level can be followed as support. In upward movements, it is important to maintain permanence above the $28 level.
