Ethereum Reaches $3000 for the First Time Since 2022
For the first time in two years, the Ethereum price reached $3,000 early on Tuesday. Just after 9 a.m., the second-largest cryptocurrency by market cap peaked at $3,003.40 before falling. In addition to the general rise in the cryptocurrency market, which saw the GMCI 30 Index rise from 107.7 to 116, Bitcoin also reached a new year’s high of $53,000 today, up 8% from the previous week.
MetaMask Integrates Blockaid Security Alerts for Wallet Users on Multiple Chains
Through the use of cryptocurrency wallet app security firm Blockaid, MetaMask has ensured that its mobile app and extension include security alerts on various chains by default for its users. After going through a testing phase, today’s update looks to ensure that self-custodial wallet users automatically receive alerts about possible fraudulent transactions. These security alerts can now be accessed on mobile devices and via extensions on the ‘Linea, BNB Chain, Polygon, Arbitrum, Optimism and Avalanche’ networks.
$1 Billion Bitcoin Withdrawn from Coinbase
The latest data from CryptoQuant analysts shows that whales have withdrawn over 18,000 BTC (approximately $1 billion) from the platform. After the significant stockpile of Bitcoin was removed from Coinbase, the money was distributed among a number of other wallets, with total amounts ranging from $45 million to $171 million. As a result, approximately 394,000 BTC, or just over $20.5 billion, are currently held in Coinbase’s open order book. CryptoQuant creator Ki Young Ju also revealed that the funds were transferred to a number of off-exchange addresses, most likely custodial wallets.
Circle to Stop Mining USDC on Tron Network
Circle, the issuer of USD Coin, has announced that it will no longer support the token on the Tron blockchain. The company states this decision as part of its efforts to ensure that USDC remains reliable, transparent and secure. In a blog post published on February 20, Circle said that they will no longer mint USDC on TRON and will gradually cease support for the blockchain network. It announced that by February 2025, ‘Circle Mint’ will continue to facilitate USDC transfers to other blockchains for its commercial customers. The company asked retail users and non-Circle customers to move their TRON-based USDC to an exchange to move it to a blockchain network that continues to support USDC.
Polygon Launches Palm Recognition Blockchain Humanity Protocol
Polygon Labs teamed up with Animoca Brands and The Human Institute to launch the palm recognition blockchain Humanity Protocol. Humanity Protocol account announced the partnership with a post on the X platform on February 20. In the statement, Humanity Protocol’s ‘User-centric palm recognition’ feature was described as a revolutionary technology for Proof of Humanity consensus verification.
Swiss Bank PostFinance Will Offer Crypto Custody Services
Switzerland-based financial institution PostFinance announced that it will begin offering crypto custody services to its 2.5 million customers. The new service will go live on February 21. With this service, PostFinance customers will have the opportunity to purchase crypto assets, safely store the received cryptocurrencies and create a crypto savings plan similar to traditional fund savings plans.
Spot Bitcoin ETF Volume Approached $2 Billion Daily
The highest volume since spot Bitcoin ETFs began trading was on February 20, with approximately $2 billion. According to data shared by Bloomberg ETF analyst Eric Balchunas, HODL, BTCW and BITB experienced high volumes compared to their averages. HODL, in particular, reached a volume level of $258 million, increasing 14 times its daily volume average.
CME Group to Launch Bitcoin and Ethereum Futures for Europe
CME Group announced that it will launch micro-Bitcoin and micro-Ethereum futures in Euros next month. The Chicago-based firm announced on Tuesday that it is working on crypto futures for the European market due to the popularity of their US Dollar counterparts. Futures trading will launch on March 18 if regulatory authorities approve it.
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BITCOIN(BTC)
In today’s morning hours, Bitcoin is trading at $51,826, down 0.80%. After seeing $ 53,000, it fell to $ 50,777 with a serious withdrawal. $50,800 was a very critical level and it was regained. An increase up to $54,000 may be seen in prices above $52,000. If there is a break below $50,800, a pullback may occur up to $49,750.
ETHEREUM(ETH)
Ethereum, which lost 1.31% in value as of the morning hours, is priced at $ 2974. After a rise to $3034, there was a retreat to 2990. $3000 is a critical level, and as pricing continues above it, a rise up to $3500 may be seen. In case of a downward break, the first support level appears to be $ 2990.
RIPPLE(XRP)
As of the morning hours, XRP is priced at $0.5525 with a 1.71% loss in value. After a rise to $0.5752, there was a decline to $0.5430. The 0.55 region is a strong support zone and the upward trend has started again. If $0.555 breaks downwards, $0.54 appears as the first support level. The $0.60 level may be seen in the continuation of the upward movement.
AVALANCHE(AVAX)
AVAX is priced at $37.66 with a 2.21% loss of value as of morning hours. The $40 level could not be gained. The $37 region is a strong support level and it seems to have received a reaction from there for now. If the upward movement continues, a rise up to $42 may be seen. If the $37 level is lost, $34 appears as the next support level after this level.
SOLANA(SOL)
SOL is priced at $106.5 with a 1.66% depreciation as of the morning hours. When we examine the four-hour chart, we see that the rising trend line has been broken downwards. In case of a reaction from the support zone of $ 105, the $ 110 and $ 117 levels appear as resistance zones. In case of a downward breakdown, a withdrawal to the $ 100 region may be possible.
CHAINLINK(LINK)
As of the morning hours, LINK is priced at $19,013, with a 1.46% loss in value. When we examine the four-hour chart, we see that the support zone of $ 19,300 has been broken downwards. If this movement continues, the 18,500 and $18 levels can be followed as support. In upward reactions, if there is persistence above the $ 19,300 level, a rise towards the $ 20 region may be possible again.
LOOM
LOOM is priced at $0.10725 with a 5.46% gain in value as of the morning hours. When we examine the daily chart, we see that the $0.105 resistance level has been broken upwards. If persistence above this region is achieved, the $0.115 level can be targeted. In case of a withdrawal, the $0.102 level can be followed as support.
APT
APT is priced at $9,366 with a 2.84% depreciation as of the morning hours. When we examine the four-hour chart, we see that there was a pullback movement yesterday, with the price remaining below the $9.80 level. If this movement continues, the $9.23 level can be followed as support. With a reaction from the support zone, the $9.40 level can be tested.
