43 Million Dollar Inflow to Wealth Funds
11 in a row for sovereign wealth funds. There was an inflow of 43 million dollars in a week. Compared to previous weeks, there was a drop in arrivals. This is because some investors expect the price to go down. For this reason, we see an inflow of 8.6 million dollars into Short Bitcoin. This week, $19.8 million flowed into Bitcoin, $9.7 million into Ethereum and $3.1 million into Solana.
Google to Allow Crypto ETF Ads
Google recently announced critical changes to its advertising policies for crypto and related financial products. The new policy will enter into force on January 29, 2024. Once the policy comes into effect, Cryptocurrency Trusts will be able to create ads on Google.
Tornado Cash Topic at Stand with Crypto Event
CoinDesk, the sponsor of the event, hosted a discussion with Republican presidential candidates Asa Hutchinson, Vivek Ramaswamy and Democratic presidential candidate Dean Phillips at the New Hampshire Institute of Politics at St. Anselm College on Monday. In particular, candidates delved deep into the details provided by Ramaswamy, who mentioned Tornado Cash during his introductory speech.
In August, a judge upheld the Treasury Department’s decision to approve the cryptocurrency mixer from the previous year. Skeptics in the crypto industry condemned the Treasury Department’s action, saying Tornado Cash was software rather than a real person, and argued that it lacked the authority to approve the mixer.
Elizabeth Warren Builds Anti-Crypto Army
Cryptocurrency laws to be adopted in the coming year could be heavily influenced by this committee. His colleagues are backing US Senator Elizabeth Warren to sponsor a measure that would take action against allegations that cryptocurrencies are used in illicit finance.
Warren, a frequent critic of the cryptocurrency industry, announced on Monday that five more senators have joined the co-sponsorship of the “Digital Asset Anti-Money Laundering Act.” The bill, which has drawn criticism from the cryptocurrency community, aims to expand the scope of the Bank Secrecy Act’s know-your-customer regulations to wallet providers, miners, verifiers and others.
AVAX Transactions Hit Record Highs
AVAX stood out in the market amid the correction. It rose by nearly 12% in the last day, bringing its annual gain to 165%. At $35.63, the asset was trading at a level not seen since May 2022. AVAX not only defied market norms, but also avoided selling pressure after the token unlock event scheduled for November 24th, which saw the release of approximately $213.35 million worth of AVAX.
M&G Invests in Bitcoin Derivatives Exchange
The investment arm of UK-based pension fund M&G has invested $20 million in Global Futures & Options Holdings (GFO-X), the country’s first regulated Bitcoin derivatives exchange. GFO-X is set to become a Financial Conduct Authority (FCA) regulated and centrally supervised platform for crypto derivatives. The platform will initially offer Bitcoin index futures and options contracts.
Partnership between Immutable and Transak
Leading web3 gaming platform Immutable has officially announced its partnership with third-party payment provider Transak, a decision that will enhance services for seamless digital transactions. With this move, Transak becomes the primary payment partner for Immutable Checkout on the zkEVM platform.
The Sandbox Introduces New Catalyst Tokens
The Sandbox introduces Catalyst tokens. Catalyst tokens will be available on Polygon and will be used to replace gems in the NFT mint. Gems are the in-app currency that allows users to buy NFTs from collections or mint their own NFTs. These ERC-1155 tokens will allow users to mint, redeem and sell their NFTs.
World’s First Bitcoin Bonds Receive Regulatory Approval in El Salvador
El Salvador’s long-planned Bitcoin bonds have received regulatory approval for an issuance in early 2024, the country’s Bitcoin-focused office announced on Tuesday.
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BITCOIN(BTC)
Bitcoin is priced at $ 41,600 with a 0.84% gain in value as of today morning hours. After falling to $40,200, the price recovered a bit with a 4% rise. In order for the rise to continue, $42,500 needs to be gained. 42,000 dollars is a position where selling pressure can be seen. If selling pressure is defeated from here, retreats up to $ 39,850 can be seen first.
ETHEREUM(ETH)
ETH, which gained 0.26% as of morning hours, is priced at $ 2230. After falling to $2158, we see the price rebounding with a 4% rise. In order for the rise to continue, $ 2250 must be won. With the recovery of $ 2250, pricing above $ 2400 can be seen again. In pricing below $ 2150, $ 2100 levels can be seen again.
RIPPLE(XRP)
XRP is priced at $0.6232 with a 0.74% gain as of morning hours. After falling to $0.60, there was a 4% rise to $0.6250. Pricing above $0.63 could again set the stage for a rise up to $0.70. A break below $0.60 may cause a test of $0.57 again.
AVALANCHE(AVAX)
AVAX is priced at $ 42.47 with a gain of 11.67% as of morning hours. Falling to $31.65, it was the most recovered product, rising 33% from that level. The price is quite bullish, rises up to $51 can be seen. Pricing above $38 will take the price forward. 38 dollars appears as major support. Below $38 may cause a pullback to $32.
SOLANA(SOL)
SOL is priced at $ 70.85 with a gain of 0.97% as of morning hours. When we examine the four-hour chart, we see that there was a movement up to the 68.20 support level with the retreat experienced yesterday and an upward reaction was taken from this level. If this upward movement continues, $72 and then $75 levels can be followed as resistance. In case of a possible downward movement, 68.20 is an important support position. Below this level, there may be a retreat towards the $ 66 region.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 14.993 with a gain of 1.12%. When we examine the four-hour chart, the 14,800 level, which is the support zone, was broken downwards and then quickly recovered and moved above this level again. In case of a pullback, the 14,800 level appears as an important support. If it remains below this level, a movement towards the 14,300 region can be seen. If the upward movement continues, 15,200 and then 16 dollar level can be followed as resistance zones.
PNG
PNG is priced at $0.14928 with a 34.62% gain as of morning hours. When we examine the four-hour chart, we see that the resistance zone of 0.11 has been broken upwards. With this move, a strong rise was realized and the 0.15 level was tested. If the upward movement continues, the 0.16 level can be followed as resistance. In case of a pullback, 0.13 can be followed as support.
CTSI
As of morning hours, CTSI is priced at $ 0.1715 with a gain of 7.32%. When we examine the daily chart, we see that the resistance zone of 0.1740 is important and this level cannot be crossed upwards. In case of strong movement, a rise towards the 0.1820 region may be possible. In case of a pullback, the 0.1650 level can be followed as support.
