BlockFi Receives Conditional Acceptance from the Court
In the news we shared yesterday, we wrote that the bankrupt BlockFi company submitted an offer to the court for re-establishment and debt payment in this process. In yesterday’s announcement, BlockFi announced that the court had accepted their bankruptcy plan and mandated that everyone eligible to vote for the plan must vote.
Bitcoin-Ethereum ETF Applications Continue
With yesterday’s announcements, ProShares and Bitwise filed Bitcoin-Etherum futures ETF applications. According to ProShares’ application, the BTC-ETH Equal Weight Fund will measure “the performance of holding a long position in the most recent monthly Bitcoin and Ethereum futures contracts.”
Artificial Intelligence Statement by Gary Gensler
SEC Chairman Gary Gensler made important statements yesterday. Gensler described AI as the most transformative technology of this generation and said that we should be prepared for its impact on financial markets. Gensler also stated that their focus is on the impact of artificial intelligence technology on finance and that they may deal with crypto assets later.
Michael Egorov Has Sold 72 Million CRVs So Far
Curve founder Michael Egorov has so far sold 72 million CRVs to 15 different organizations. Egorov is thought to be aiming to reduce loan debt and lower the liquidation price.
Cryptocurrencies will be integrated into X
Semafor, which has recently come to the fore with its important claims, claimed in a report shared yesterday that Elon Musk aims to offer a trade option on X (Twitter), and for this purpose, it was claimed that he offered financial data providers for financial content and up-to-date data.
BITCOIN(BTC)
Bitcoin is priced at $ 29,222 with a 0.10% gain in value as of today morning hours. With the retreat in Bitcoin yesterday, we see that 29,000 levels were tested but then started to rise. The price continues to undergo major selling pressure as of 29,400 and for now it is priced at the 29,200 zone. Today’s employment data may create movement on prices. At the same time, yesterday’s higher-than-expected earnings announcements from tech giants Apple and Amazon may also have an impact on US indices today. A rise there could trigger a rise in crypto assets. We can say that in case of positive data and news flow in Bitcoin, 29,500 and 30,000, and in case of negative data and news flow, 26,800 and 26,400 regions will be critical.
ETHEREUM (ETH)
ETH, which lost 0.04% as of morning hours, is priced at $ 1836. Ethereum, which continued to stay below 1845 after the downward break of the descending movement in Ethereum, fell below this level again after the rise last night. For now, the 1820 level is working as support in Ethereum, but in case of a break here, we can say that the 1780 region, one of the critical regions, will be the next support level. For the upward movement, we can say that the 1845 break is especially important.
POLKADOT(DOT)
DOT, which gained 0.58% as of morning hours, is priced at $5.009. We know that the $5 level at 4 hours on DOT is very good support. In the long run, we can say that the range of 4.90-5 dollars is a region that can be evaluated and with the rises from here, we can say that the levels of 5.10-5.27-5.50 dollars can be targeted respectively. In case of a downward movement in DOT, we can say that the level of 4.86 can be used as a stop level in the medium term and the level of 4.945 in the short term.
