What is the best way to buy Bitcoin in Turkey? - cyptoranking.com

2024-04-25

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For the unaccustomed, an altcoin season is a period where many altcoins outperformed Bitcoin (BTC). While this period comes with a lot of volatility, profits are not guaranteed. Previously, a number of analysts had opined that there would be an altcoin season this year. But with the last quarter in, it’s looking very unlikely. According to analysts, ETH has significantly underperformed the overall market since the Merge event, with both ETH/BTC price and volume ratio trending downward over the past year. What is the best way to buy Bitcoin in Turkey?"Sam Bankman-Fried has literally destroyed so many people's lives," said Kavuri, who is now receiving dozens of queries every day from fellow FTX creditors, told BBC. "One person in Turkey was left with only $600 (£490) in their bank account after losing everything, and one in Korea was hospitalized with panic attacks." However, it’s worth noting that crypto transaction volumes in Hong Kong dropped by about $6 billion between July 2022 and June 2023 compared to the previous year, following a tumultuous period for the industry.

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United States 10-year Treasury yields soared above 4.8% on Oct. 3, their highest level since 2007. DoubleLine Capital CEO Jeffrey Gundlach said in a post on X (formerly Twitter) that the spread between the 2-year and 10-year Treasury yields has narrowed from 109 basis points a few months ago to 35 basis points. He cautioned that this “should put everyone on recession warning.”Arthur Hayes, former CEO of crypto exchange BitMEX, warned in a recent X thread that the government will have to print money to save the bond market as a faster bear steepener — a condition where long-term interest rates rise more quickly than short-term rates — will cause firms to collapse. Some investors believe that this could trigger a cryptocurrency bull market.Daily cryptocurrency market performance. Source: Coin360It also looks like the institutional investors have started to warm up to cryptocurrencies. CoinShares’ latest Digital Asset Fund Flows Weekly Report shows inflows of $21 million into digital asset investment products for the first time in six weeks. In this uncertain macro environment, let’s take a look at the charts to determine the next potential move.Bitcoin price analysisBitcoin (BTC) rose above $28,143 on Oct. 2 but the long wick on the candlestick shows the bears are aggressively selling at higher levels. The bears tried to build upon their advantage on Oct. 3 but the bulls held their ground at $27,160.BTC/USDT daily chart. Source: TradingViewThe upsloping 20-day exponential moving average ($26,903) and the relative strength index (RSI) in the positive territory indicate that bulls have the upper hand. Buyers will once again try to clear the overhead resistance at $28,143.A close above this level will complete a short-term double bottom pattern, which has a target objective of $31,486.This positive view will be invalidated if the price once again turns down from the overhead resistance and plummets below the 20-day EMA. That could yank the price to $26,000. The BTC/USDT pair could then continue to consolidate between $24,800 and $28,143 for a while longer.Ether price analysisEther (ETH) turned down sharply from the overhead resistance of $1,746 on Oct. 2, indicating that the bears are fiercely guarding this level.ETH/USDT daily chart. Source: TradingViewThe 20-day EMA ($1,640) is flattening out and the RSI is near the midpoint, indicating a balance between supply and demand. If the price turns up from the current level, the bulls will again try to overcome the obstacle at $1,746. If they can pull it off, the ETH/USDT pair will complete a double bottom pattern, having a target objective of $1,961.On the other hand, if the price continues lower and tumbles below the moving averages, it will suggest that the pair may extend its stay inside the $1,531 to $1,746 range for some more time. BNB price analysisBNB (BNB) jumped above the $220 resistance on Oct. 2 but the bulls could not sustain the breakout as seen from the long wick on the day’s candlestick.BNB/USDT daily chart. Source: TradingViewThe failure of the bulls to maintain the price above the 20-day EMA ($214) is a negative sign. It shows that traders are rushing to the exit. The BNB/USDT pair could next fall to the uptrend line. If the price rebounds off this level, the bulls will again try to push the pair above $220. A close above this resistance could signal the start of an up-move to $235 and thereafter to $250. Instead, if the price breaks below the uptrend line, the pair may decline to the formidable support at $203.XRP price analysisBuyers pushed XRP (XRP) above the symmetrical triangle pattern on Sep. 29 and then foiled several attempts by the bears to pull the price back into the triangle. XRP/USDT daily chart. Source: TradingViewThe bulls will next try to surmount the overhead resistance at $0.56. If they are successful, it will signal the start of a new uptrend. The XRP/USDT pair could then start its journey toward the pattern at $0.66.Conversely, if the price turns down from $0.56 and dives below the uptrend line, it will suggest that the bulls are booking profits. That could keep the pair range-bound between $0.56 and $0.41 for a few more days. Solana price analysisSolana (SOL) has been oscillating inside a large range between $14 and $27.12. The price action of the past few days has resulted in the formation of a potential inverse head and shoulders pattern.SOL/USDT daily chart. Source: TradingViewAlthough setups formed inside a range tend to be less reliable, still they should not be neglected. If the price turns up and breaks above the neckline, the SOL/USDT pair could attempt a rally to $27.12 and eventually to the pattern target of $32.81.The critical support to watch on the downside is the 20-day EMA ($20.95). If the price slides below this level, it will suggest that the bulls have given up. That could open the gates for a possible drop to $17.33.Cardano price analysisCardano (ADA) turned down from $0.27 on Oct. 2 and reached the 20-day EMA ($0.25) on Oct. 4. This is an important level to keep an eye on in the near term.ADA/USDT daily chart. Source: TradingViewIf the price rebounds off the 20-day EMA, it will indicate a change in sentiment from selling on rallies to buying on dips. The bulls will then try to shove the price above $0.27 and start an up-move to $0.29 and later to $0.32.If bears want to prevent the rally, they will have to drag the price below the 20-day EMA. The ADA/USDT pair may then once again descend to the vital support at $0.24. The bulls are likely to protect this level with vigor.Dogecoin price analysisThe bulls pushed Dogecoin (DOGE) above the 50-day SMA ($0.06) on Oct. 2 but could not sustain the higher levels. This suggests that bears are selling on every minor relief rally.DOGE/USDT daily chart. Source: TradingViewThe DOGE/USDT pair has reached the formidable support at $0.06. The repeated retest of a support level within a short interval tends to weaken it. If the $0.06 level cracks, the pair may slump to the next major support at $0.055. A minor advantage in favor of the buyers is that the RSI has formed a bullish divergence. This suggests the bears may be losing their grip. The indicators are not providing clarity about the next move. Hence, it is best to wait for the price to close above the 50-day SMA or plunge below $0.06 to place directional bets.Related: Bitcoin traders hope $27K holds as BTC price ignores volatile US dollarToncoin price analysisToncoin (TON) fell below the 20-day EMA ($2.09) on Sep. 30 and the bears thwarted attempts by the bulls to reclaim the level on Oct. 1. TON/USDT daily chart. Source: TradingViewThe bears are trying to solidify their position by sinking the price to the 50-day SMA ($1.86). This level may result in a rebound that is likely to face selling at the 20-day EMA.If the price turns down from this resistance, it will suggest that the sentiment has turned bearish and traders are selling on rallies. That will increase the likelihood of a drop below the 50-day SMA.On the contrary, if the price turns up and surges above the 20-day EMA, it will suggest that the markets have rejected the lower levels. The TON/USDT pair could then rise to $2.32 where the bears will again try to halt the up-move.Polkadot price analysisPolkadot (DOT) turned down sharply from the 50-day SMA ($4.24) on Oct. 2 and broke below the 20-day EMA ($4.10) on Oct. 3.DOT/USDT daily chart. Source: TradingViewThe bears challenged the important support at $3.91 on Oct. 4 but the long tail on the candlestick shows strong buying at lower levels. The RSI has formed a bullish divergence, indicating that the sellers may be losing their grip.If the bulls push the price above the 20-day EMA, it will suggest that the DOT/USDT pair may extend its stay inside the $4.33 to $3.91 range for some more time. The bears will have to sink the price below $3.91 to start the next leg of the downtrend to $3.50.Polygon price analysisAfter witnessing a tough battle between the bulls and the bears near the moving averages, Polygon (MATIC) bounced on Oct. 4, indicating that buyers are trying to take charge.MATIC/USDT daily chart. Source: TradingViewThe bulls are trying to build upon the strength and propel the price above the overhead resistance at $0.60. If they manage to do that, it will signal the start of a sustained recovery. The MATIC/USDT pair could then rise to $0.70.Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will indicate that the bears are active at higher levels. The pair may then retest the crucial support at $0.49. This level is likely to attract solid buying by the bulls.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Crypto Arbitrage Trading: How Does This Financial Strategy Work? How Nigeria Became the Second-Largest Bitcoin P2P Market in the WorldRelated: Bitfarms increases mining pace, generates 411 BTC in September “Stablecoins came in,” Carrica says, “and they offered a better way to access dollars.”

Despite New Wallets Purchasing LQTY Tokens, Whales Have Already Started Depositing Tokens to Cryptocurrency Exchanges At the time of publication, Ethereum’s price stands at $1,632. Best Crypto Wallet for Desktop & Mobile: Altcoin & Bitcoin ...Tower BFT He revealed to the jury that he and Bankman-Fried engaged in financial crimes and deceitful practices that ultimately led to the collapse of the cryptocurrency trading platform.

While the growth compared to August is undeniable, the results are still considerably modest when compared to September of last year. Argo's report from September 2022 shows that the company mined 215 BTC, which is 79 more than the current figure. Crypto intelligence firm Chanalysis and hardware wallet developer Ledger were among the latest to announce layoffs. Cryptocurrency Derivatives Trading PlatformThe South Korean crypto market capitalization rose from January to June this year, rising 46% to reach a valuation of 28.4 trillion won (US$21.08 billion), according to a KOFIU study released Tuesday. The initial investment, expected revenues, maintenance fees, contract duration, and market volatility are all factors to consider when calculating the possible return on investment (ROI) for cloud mining. Using online calculators and consulting with specialists or experienced miners can assist in determining the potential profitability of a certain cloud mining contract. Furthermore, being up to date on cryptocurrency market developments and news is critical for making informed judgments about cloud mining investments.Drivechains: From a Bitcoin Miners’ Perspective

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