MicroStrategy Buys 5445 More BTC. Exit from Digital Asset Funds Continues. Tensions between Celsius, SEC and Coinbase Escalate

MicroStrategy Buys 5445 More Bitcoin

MicroStrategy recently bought 5445 more Bitcoin worth $147 million at an average price of $27,053. MicroStrategy, which has reached a total of 158,245 Bitcoins with the latest purchases, holds 4.1 billion dollars of Bitcoin at the current price.

Outflows Continue in Digital Asset Funds

6th in a row from digital asset funds. week also saw an outflow. Last week saw a smaller outflow of $9 million compared to the last two weeks, but this caused the losing streak to continue. The inflow of USD 16 million from the European region is one of the noteworthy developments. While outflows were seen from BTC, short-BTC and ETH, the inflows on the altcoin side, especially in LTC, SOL and XRP funds, may indicate an increase in demand for altcoins.

Tensions Between Celsius, SEC and Coinbase Increased

In a statement, Celcius reported that it plans to cooperate with Coinbase to make crypto transfers to customers outside the US.

The SEC’s lawsuit against Coinbase has raised tensions on the SEC’s side as all of its concerns also involve brokerage and trading services. In contrast, Coinbase said it was proud to partner with Celsius.

HTX Formerly Huobi Hit by Hack Attack

Yesterday at noon, the HTX exchange, a.k.a. Huobi, suffered a 5000 ETH hack attack. Justin Sun, one of the exchange partners who announced a loss of approximately 7.9 million dollars, reported that all lost assets have been replaced and losses have been covered.

Mitsubishi UFJ Trust Bank Authorizes Binance to Issue Stablecoin

Binance is collaborating with Japan’s largest bank, Mitsubishi UFJ Trust and Banking Corporation, to explore stablecoin issuance in Japan.

The bank’s Vice President of Product Tatsuya Saito said in an interview that MUFG was in talks for stablecoins linked to foreign currencies, including the US dollar, using its blockchain platform Progmat.

Binance said in a statement that the platform currently supports Ethereum and can be expanded to include BNB Chain later.

———————————————————————————

BITCOIN(BTC)

Bitcoin is priced at $ 26332 with a 0.12% gain in value as of today morning hours. Bitcoin, which found support at the $ 26000 level after breaking down the middle level of the horizontal band, has the possibility of being rejected from the middle of the horizontal band again. If it is rejected from the middle of the horizontal band, there is a possibility that it may go below the horizontal band, that is, to 25300 levels. With the horizontal band breaking upwards, our target may be around 27500 dollars.

ETHEREUM(ETH)

ETH, which gained 0.25% as of morning hours, is priced at $ 1592.33. In Ethereum, we see that the pricing between 1530-1745 continues on the 4-hour chart. After the loss of the $ 1600 level, we see that ETH, which received a good reaction at the level of 1570, tested 1565 again yesterday at noon. As there is some positive pricing in the market, we are likely to go to the 1635 level first. In case of persistence above 1635, we can test $ 1750 levels.

RIPPLE(XRP)

XRP is priced at $0.5017 with a 0.77% loss in value as of morning hours. In XRP, we saw that the 0.50 level, which was the horizontal resistance level in 4 hours, was working as support, but it broke down. Our new support level first appears to be 0.4883. If the horizontal band breaks down, 0.47 dollars will be our second support level. If it stays above 0.52, we can test 0.55 levels.

AVALANCHE(AVAX)

AVAX is priced at $ 9.01 with a 0.67% gain as of morning hours. Although it broke the downward trend upwards towards noon yesterday, it could not find enough strength and broke down again. Although it was rejected at 9.05, which is our horizontal resistance, an upward breakout is likely to occur with the positive pricing of the market at the moment. Our first resistance level seems to be 9.3 and the second one is 9.5 dollars.

SOLANA(SOL)

SOL is pricing at 19.40 with a gain of 0.05% as of morning hours. In a short period of time, the price became very tight. It is priced between 19.15 and 19.80. In case of an upward breakout, the price will first try to rise above the $ 20 level again. In the event of a drop below 19.15, SOL may fall to the 18.90s and then to the $18 level.

CHAINLINK(LINK)

LINK, which lost 0.41% as of morning hours, is priced at 7.463. On LINK, we first saw $7 after the break of the horizontal band. Then, with the break of the $ 7.3 level, we tested the $ 7.5 level. Although it seems to be rejected for the moment, there is positive pricing. In the short term, after the retest to the 7.4 level, there is a possibility of going up to 7.9 dollars.