SEC Delays ETF Filings
The SEC did not announce a decision on the 7 Spot BTC ETF application yesterday evening as expected and postponed the process. BlackRock, Fidelity, Bitwise, VanEck, Valkyrie, Invesco & Galaxy and WisdomTree postponed their applications. Thus, the SEC postponed the filings for another 45 days. Following the Grayscale case, it is highly likely that the applications will be accepted, but it is known that the SEC wants to extend the process until 2024 and has the right to delay the process until then.
US Personal Consumption Expenditures (PCE) Data Released
The most anticipated data of this week in the US, PCE data, which is also used by the FED for inflation forecasts and assessments, was released yesterday. Annual Core PCE data came in at 4.2%, in line with expectations, while the monthly core PCE data came in at 0.2%, also in line with expectations.
Employment Data to be Announced in the US Today
Following the PCE data released yesterday, Unemployment Rate, Non-Farm Payrolls, Participation Rate and Average Earnings data will be released in the US today. After this data, there may be intense movement in the market. This week’s employment data and signs of cooling in the labor market pushed the market’s interest rate hike expectations down to 10%. Today’s negative employment data may create positive movements in the markets.
Chainlik Statement from Swift
Swift, one of the most important parts of the financial sector globally, conducted an experiment with banks to test tokenization and interoperability. In this test, Chainlink’s CCIP technology was used to establish a connection between traditional banks and blockchain networks. In the shared report, CCIP has the potential to ensure interoperability between these two channels.
Ronaldinho denies the charges
In the news we made about Ronaldinho in the past days, he was asked to testify as a witness in a Ponzi scheme case, but he did not go to the parliament to testify and could be arrested. He later denied in congressional testimony that he was involved in a $61 million Ponzi scheme. The case arose after a company called 18kRonaldinho provided investors with a 2% daily return on profits and generated $61 million in losses. Ronaldinho stated that he never had any partnership with the company, that they used his name and picture without his permission and that he was also victimized.
Zynga Enters Web3
Zynga, the mobile gaming company under Take-Two Games, which also includes Rockstar Games, is launching Web3. Zynga also announced Sugartown, a studio called Web3. Sugartown was founded as a Web3 platform with different games, different worlds and different games. For now, it has only been announced that Sugartown will release an NFT collection called Oras.
BITCOIN(BTC)
Bitcoin is priced at $ 26,029 with a 0.34% gain in value as of today morning hours. While Bitcoin retreated back to 26,000 support after yesterday’s heavy selling, we saw this breakout and decline come with a very heavy volume after the low volume seen on Wednesday and Thursday. Thus, BTC, like most of the altcoins, returned to the levels before the Grayscale lawsuit news. Today’s employment data at 15.30 TSI may cause a significant movement in the market.
ETHEREUM(ETH)
ETH, which lost 0.02% as of morning hours, is priced at $ 1649. With the decline in Ethereum, we see that it has made a return to 1625 support and then tried to provide permanence above 1640. In Ethereum, 1660 seems to be the primary resistance level.
RIPPLE(XRP)
XRP is priced at $0.5064 with a 0.88% loss in value as of morning hours. We see that the ascending triangle pattern seen in XRP on a daily basis has also broken to the downside. If it closes the day below this level, we may see a return to 0.45 on XRP.
AVALANCHE(AVAX)
AVAX is priced at $10.02 with a 0.40% gain in value as of morning hours. AVAX managed to reach its bottom again by returning to the $10 support. We see that AVAX fell below the support of 9.90 with the sales that came in the evening hours, but returned with a quick reaction from here. If negative pricing continues in AVAX, we can say that 9.90 and then 9.30 is critical, but it should be stopped after the break of 9.30.
SOLANA(SOL)
SOL is priced at 19.90 with a gain of 0.76% as of morning hours. In Solana, we see that the horizontal channel movement has broken downwards. After the breakout, SOL, which fell to the 19.30-19.65 region, which is the long-term support level, sees support from here. If it rises above 20.10, we can say that 22.20 can be targeted after $ 21 on the SOL, but it is necessary to pay attention to the 19.60 region.
CHAINLINK(LINK)
LINK, which gained 1.73% as of morning hours, is priced at 5.979. Although it has broken the pattern in LINK, we see that after the upward break of the descending channel yesterday, the price fell with the market and fell to the bottom of the channel below the 5.80 level, but then rose to the $ 6 level again by positively decoupling with the SWIFT news. In LINK, if the $ 6 level breaks quite critically, 6.10 and then 6.25 can be targeted.
LITECOIN(LTC)
LTC is priced at $ 66.94, down 0.02% as of morning hours. After the LTC 67.15 breakout, it made a horizontal movement above that level and then broke down to the $ 64 level, which is also an important support zone with a downward breakout. This is a very critical zone for LTC, but in case of a breakout, 62.50, the previous low, can be used as a stop.
