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Daily Market Summary with JrKripto 20 June 2025
You Can Find Today’s Edition of “Daily Market with JrKripto” Below, Featuring a Roundup of the Most Important Developments from Both Global and Local Markets. Let’s Analyze the Broader Market Sentiment and Latest Insights Together.Bitcoin managed to stay strong despite a challenging week in terms of data and developments. BTC, which is firmly priced above $100,000, has once again reached the resistance zone of $106,600–$107,200. In addition to this horizontal resistance, a trendline resistance is also in play. A breakout above this zone could pave the way for a new all-time high (ATH), with $110,000 and then $114,000 as potential targets. On the downside, the $104,900 support level awaits us. If this support level is broken, the $102,100 and $100,900 support levels emerge as critical resistances.On the Ethereum front, the rising channel pattern we mentioned previously continues to hold. ETH, which is rebounding from the trend support, is experiencing a significant rise as we head into the weekend. The horizontal and channel support, which is around $2,500 on average, continues to hold strong. The next target will be the $2,620 level.Crypto News• An Ohio bill exempting Bitcoin payments under $200 from taxes has passed the House of Representatives.• Fetch Foundation will carry out a $50 million $FET token buyback.• Central Bank of the Republic of Türkiye (CBRT) kept interest rates unchanged.• X CEO Yaccarino: Users will soon be able to invest or trade on the social media platform.• Semler Scientific has announced its three-year plan and intends to purchase 105,000 Bitcoin.CryptocurrenciesTop Gainers:• GT → Increased by 12.8% to reach $17.20.• KAIA → Increased by 12.6% to reach $0.19770911.• IP → Increased by 11.4% to reach $2.90.• HNT → Increased by 11.0% to reach $2.55.• SEI → Increased by 10.9% to reach $0.2017996.Top Losers:• CHEX → Declined by 7.3% to $0.2022507.• RAY → Declined by 6.4% to $2.14.• AB → Declined by 5.5% to $0.01467079.• MORPHO → Declined by 4.9% to $1.29.• AERO → Declined by 4.7% to $0.87750806.Fear Index:• Bitcoin: 55 (Neutral)• Ethereum: 41 (Fear)Dominance:• Bitcoin: 64.86% ▲ 0.05%• Ethereum: 9.48% ▼ 0.04%Daily Total Net ETF Inflows• BTC ETFs: $388.30 million• ETH ETFs: $19.10 millionGlobal MarketsWe previously mentioned speculation that the U.S. might intervene militarily in Iran. The White House has now issued a statement on the matter, indicating that “a decision will be made within two weeks.” This message has slightly eased tensions in global markets. However, it may also be interpreted as a political tactic. Meanwhile, tensions between Iran and Israel persist.U.S. markets were closed yesterday due to a public holiday. However, futures markets are showing a bearish tone this morning. The VIX fear index rose by 2 points to 22.2, signaling that market anxiety remains elevated.The Bank of England announced its interest rate decision yesterday, keeping its policy rate unchanged, as expected. The accompanying statement stressed that caution would be exercised with regard to potential rate cuts.Top Companies and Stock Prices• Microsoft (MSFT) → Market capitalization of $3.57 trillion, share price of $480.24, up 0.46%.• NVIDIA (NVDA) → Market capitalization of $3.55 trillion, share price of $145.48, up 0.94%.• Apple (AAPL) → Market capitalization of $2.94 trillion, share price of $196.58, up 0.48%.• Amazon (AMZN) → Market capitalization of $2.26 trillion, share price of $212.52, down 1.07%.• Alphabet (GOOG) → Market capitalization of $2.11 trillion, share price of $173.98, down 1.83%.Borsa IstanbulYesterday, the Central Bank of the Republic of Turkey (CBRT) kept its policy rate unchanged, as expected. Although some progress was noted on the inflation front, the statement did not provide a clear signal regarding a potential rate cut.According to recent data, short-term external debt stock declined by 2.6% in April to $168.4 billion, while housing sales rose by 17.6% in May.Following the interest rate decision, selling pressure emerged on Borsa Istanbul. However, shares of Tüpraş and Aselsan managed to close the day in positive territory. Today, a slightly bearish trend may be observed on the BIST.Companies with the Highest Market Value on the Istanbul Stock Exchange• QNB Finansbank (QNBTR) → Market value of 840.85 billion TL, share price of 251.00 TL, 0.00% change.• Aselsan Elektronik Sanayi (ASELS) → Market value of 657.10 billion TL, share price of 145.50 TL, 0.97% increase.• Türkiye Garanti Bankası (GARAN) → Market value of 471.66 billion TL, share price of 115.70 TL, 3.03% increase.• Koç Holding A.Ş. (KCHOL) → Market value of 365.17 billion TL, share price of 145.70 TL, increase of 1.18%.• Enka Construction and Industry (ENKAI) → Market value of 356.40 billion TL, share price of 61.60 TL, increase of 1.32%.Precious Metals and Currency Prices• Gold: 4,274 TL• Silver: 45.87 TL• Platinum: 1,654 TL• Dollar: 39.66 TL• Euro: 45.78 TLWe look forward to bringing you the latest updates again tomorrow.
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20 Jun 2025
$4.1 Billion BTC and ETH Options Expire Today
The cryptocurrency market is holding its breath as it awaits the expiration of today's massive options contract. A total of $4.11 billion worth of Bitcoin (BTC) and Ethereum (ETH) options will expire. This development could have a significant impact on the short-term price movements of both assets, which have been losing value in recent days. Bitcoin makes up the majority of the options volume: According to today's data, $3.5 billion worth of contracts are expiring on the BTC side and approximately $565 million on the ETH side. This indicates that volatility in the markets may increase. According to Deribit data, 33,972 Bitcoin options are expiring today. This number has increased compared to last week. On Ethereum, 224,509 contracts will expire. Last week, this figure was 246,849. Balance in Bitcoin, optimism prevails in EthereumWhen looking at the options expiring for Bitcoin, the "maximum pain" price is determined as $ 105,000. The maximum pain price is known as the point where investors will suffer the most loss, and prices are generally expected to converge to this level. In addition, the put-call ratio for BTC is at 1.00; in other words, investors are almost equally distributed between bullish and bearish expectations. This situation shows that the market is indecisive or in a consolidation process in the short term.On the Ethereum side, the picture is more optimistic. The maximum pain price for ETH is at $ 2,600. The fact that the current price is below this level shows that investors think the price will rise. The put-call ratio in ETH is 0.69, which shows that call options are the dominant. This ratio shows that investors are taking positions more in the bullish direction, in other words, the market is more positive in this asset.Markets may enter the weekend volatileThe days when option contracts expire are usually the times when short-term fluctuations occur in the markets. According to the "maximum pain" theory, prices tend to move towards the levels where options will suffer the most losses. Therefore, the price movements to be seen in both BTC and ETH today may develop depending on the levels concentrated especially in option positions.According to Deribit analysts, "While BTC exhibits a balanced positioning close to the maximum pain level, upward flows dominate on the ETH side. We will watch and see how the market will react this time." In other words, it was emphasized that investors should be careful. In addition to these developments, the increasing geopolitical tensions in recent days and the statements of US Federal Reserve (Fed) Chairman Jerome Powell are also affecting investor sentiment. In particular, the possible military moves of the US in the Middle East and the increasing tension with Iran are strengthening the downward risk perception in the market.In summary, today's high-volume options expiration could cause short-term but sharp fluctuations in the crypto market. Both macroeconomic developments and geopolitical risks continue to play an important role in investors' strategies
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20 Jun 2025
Alarm Bells Ring for Crypto Users After 16 Billion Passwords Leak!
In today's world where concerns about digital security are at their peak, one of the largest password leaks ever recorded has hit the agenda like a bombshell. According to data revealed by cybersecurity platform Cybernews; 16 billion passwords and login data, including user information related to major platforms such as Apple, Google, Facebook and Telegram, have been leaked onto the internet. This huge leak especially threatens the assets of cryptocurrency users.A frightening development for crypto investors: Passwords leakedThe cybersecurity world has been shaken by one of the largest data leaks ever recorded. According to the report published by the Cybernews platform, more than 16 billion user login information and passwords have been leaked onto the internet. This huge data set, which includes account information related to Apple, Google, Facebook, Telegram, GitHub and some government portals, poses a great danger especially for cryptocurrency users.However, the source of this leak is not directly the servers of technology giants. According to Cybernews researchers, this information was stolen from data kept by users in 3rd party applications, browser add-ons or cloud storage areas that were left unencrypted. In addition, much information was compromised through malware that was infecting user devices.The leaked data does not only consist of current information. Cybernews states that stolen data obtained from different sources in previous years has also been recirculated with this new package. In other words, the cyber debris of the past further increases today's risks.Crypto wallets are targetedCybersecurity experts emphasize that this leak may affect cryptocurrency users the most. The main reason for this is that many users store their wallet passwords, backup keys or recovery phrases in e-mail boxes or cloud-based note applications instead of secure physical areas. This allows hackers to access not only passwords but also wallets directly. Crypto assets are coins that cannot be retrieved or the transaction canceled once they are captured. Therefore, when a wallet's password or keywords fall into the hands of hackers, the risk of permanent theft of assets is much higher.Experts recommend activating two-factor authentication (2FA) systems in particular. It is also very important to store vital data such as crypto wallet information offline, for example in hardware wallets or physical copies.Tether CEO: Escape from the cloud is comingOne of the reactions to the leak came from Paolo Ardoino, CEO of Tether, the world's largest stablecoin issuer. Ardoino said, "The cloud has failed us again," and announced PearPass, a completely local and open-source password manager. According to Tether, this new application will store passwords and encryption keys only on the user device. It will need neither a server nor a cloud service.Ardoino, who introduced PearPass by saying, "No server, no cloud, no leak," argues that offline security systems will become much more critical in the future. In fact, he explained his vision in a podcast interview by saying, "We want to produce technologies that can work even in disaster scenarios like World War."It is unclear for now whether PearPass will integrate with Tether's other projects. However, it is known how much the company attaches importance to security and privacy with P2P solutions such as Pear Credit, which it has previously developed.
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20 Jun 2025
Daily Market Summary with JrKripto 19 June 2025
You can find today’s edition of 'Daily Market with JrKripto' below, featuring a roundup of the most important developments from both global and local markets. Let’s take a closer look at the overall market sentiment and the latest insights together.Bitcoin continues to present a healthy outlook despite ongoing global developments. After starting the new week with an upward move, BTC pulled back upon reaching a key resistance zone. Markets—particularly Bitcoin—responded to the Fed's decision last night with anticipation and are now trending sideways around $104,800.Ethereum remains within its ascending channel and is currently trading at $2,535, just below the $2,580–$2,630 resistance zone. A breakout above this upper resistance area could signal the beginning of a new trend phase.Crypto NewsVanEck's Solana ETF listed on DTCC with ticker $VSOLCrypto Chief David Sacks said the 'Genius Act' stablecoin bill "increases consumer protections and expands the dominance of the US dollar."Tether mints $1 billion in USDTFirst spot $XRP ETF launches in CanadaTrump: Fed has done a bad job so far. We should be 200 basis points lower right now.Fed leaves interest rate steadyOhio bill exempting Bitcoin payments under $200 from taxation passes House of RepresentativesCryptocurrenciesTop Gainers:AERO → up 16.7% to $0.91917647SNT → up 13.6% to $0.05159567RAY → up 10.3% to $2.27.JTO → up 8.6% to $2.32.OKB → up 7.0% to $52.28.Top Losers:IP → down 15.4% to $2.60.KTA → down 9.5% to $0.73814101.STHYPE → down 6.3% to $38.03.WHYPE → down 6.2% to $38.04.HYPE → down 5.9% to $38.02.Fear Index:Bitcoin: 57 (Greed)Ethereum: 51 (Neutral)Dominance:Bitcoin: %64.90 ▲ 0.08%Ethereum: %9.46 ▼ 0.19%Daily Total Net ETF InflowsBTC ETFs: $388.30 MillionETH ETFs: $19.10 MillionGlobal MarketsThe Federal Reserve announced its interest rate decision last night, leaving rates unchanged as expected. However, inflation forecasts were revised upward, while growth projections were lowered. The Fed maintained its projection of two rate cuts later this year.On the Iran-Israel side, tensions remain high. Meanwhile, reports suggest potential U.S. involvement, with speculation growing that Washington may be preparing for a military intervention against Iran. These reports continue to keep tensions high.US stock exchanges closed yesterday with S&P 500 -0.03% - Nasdaq 0.1%. Selling pressure continues.Both the messages given by the Fed and the developments in the Middle East will continue to be closely monitored.The Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.57 trillion market value, $480.24 per share price, increased by 0.46%.NVIDIA (NVDA) → $3.55 trillion market value, $145.48 per share price, increased by 0.94%.Apple (AAPL) → $2.94 trillion market value, $196.58 per share price, increased by 0.48%.Amazon (AMZN) → $2.26 trillion market value, $212.52 per share price, decreased by 1.07%.Alphabet (GOOG) → $2.11 trillion market value, $173.98 per share, down 1.83%.Borsa IstanbulThe CBRT will announce its interest rate decision in Türkiye at 14:00 today. It is expected that the interest rate will remain at 46%. Alongside the interest rate decision, housing sales and short-term external debt figures will be closely followed within the country today.The debt of the private sector's loans received from abroad increased by $2.7 billion in April, reaching $185.9 billion. With this figure, it reached its highest level since November 2019.The pressure of global tensions continues to be reflected in Borsa Istanbul. Yesterday, the BIST100 index showed a selling pressure image. With the selling pressure in the index, a pullback towards 9,000 levels may occur again.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → 845.04 billion TL market value, 252.25 TL per share, 0.00% change.Aselsan Elektronik Sanayi (ASELS) → 645.24 billion TL market value, 143.30 TL per share price, 1.27% increase.Türkiye Garanti Bankası (GARAN) → 480.90 billion TL market value, 115.80 TL per share price, 1.14% increase.Enka İnşaat ve Sanayi (ENKAI) → 364.90 billion TL market value, 62.50 TL per share price, 0.40% increase.Koç Holding A.Ş. (KCHOL) → 362.89 billion TL market value, 145.90 TL per share price, 1.96% increase.Precious Metals and Currency PricesGold: 4291 TLSilver: 46.30 TLPlatinum: 1646 TLDollar: 39.54 TLEuro: 45.36 TLWe look forward to bringing you the latest updates again tomorrow!
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19 Jun 2025
Interest Rate Decision Remains Steady, Trump Escalates Tensions: How Did Cryptocurrencies Move?
Cryptocurrency markets were eagerly awaiting the US Federal Reserve's (Fed) interest rate decision on Wednesday and the speech of Fed Chair Jerome Powell. In addition, US President Donald Trump's statements regarding the Iran-Israel tensions drew attention in the market. So, how did all this affect cryptocurrencies?The Fed's interest rate decision was announced in line with expectationsCryptocurrency markets generally maintained their resilience despite both the US Federal Reserve's (Fed) interest rate decision and the increasing geopolitical tensions in the Middle East. However, there is a volatile picture beneath this calm outlook. Although major assets such as Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL) experienced short-term gains after the Fed kept interest rates steady at 4.25%-4.50% in line with expectations, a clear direction for investor sentiment still remains uncertain.The Fed’s economic projections released on Wednesday showed that two interest rate cuts were still on the table by the end of 2024, but expectations for 2026 and 2027 pointed to a slower rate cut process. Chairman Jerome Powell’s “wait-and-see” approach delayed markets from finding a clear direction, while also revealing the fragility of altcoins. In particular, artificial intelligence and real asset (RWA)-themed tokens lost 4.8% and 3%, respectively. Tensions are rising in the Middle EastOn the other hand, the escalating tensions in the Middle East were another factor that increased anxiety in the markets. News that the US was considering a direct military intervention in Iran suppressed risk appetite in both traditional and cryptocurrency classes.While the tension between Iran and Israel continues, remarkable statements continued to come from US President Donald Trump. Speaking to reporters, Trump stated that he wanted to end the conflicts in the region, but avoided giving a clear answer on whether the US would make a military move against Iran.Claiming that Iran was in a defenseless position, Trump said, “I can’t say we won’t strike Iran.” He added that he had called on the Iranian side to come to the White House, but that this opportunity was not taken advantage of. He stated that the country’s air defense systems had been largely disabled and that he had a phone call with Russian President Vladimir Putin, who could also take on a possible mediation role.Trump indicated in his statements that patience with Iran was running out. He said, “We expect them to surrender, if they don’t, we will target military facilities,” and that possible scenarios were on the table. While acknowledging that no concrete gains had been made yet, he also emphasized that serious progress had been made.Trump, who drew attention to the fact that the coming days would be critical, stated that Iran had been posing a threat for years and that its desire to attain nuclear weapons capacity posed a great threat. “Next week will be very decisive, perhaps even sooner,” Trump said, signaling that developments in the region could take shape rapidly.Altcoins fell sharplyThis situation led to sharp sales, especially in altcoins. While XRP, Cardano (ADA) and Solana lost more than 1% in value in the last 24 hours, Dogecoin (DOGE) gave up its previous gains with a decline of nearly 10% on a weekly basis. Ethereum, on the other hand, erased its weekly gains and fell by 0.7%.Interest in Bitcoin ETFs continuesDespite all these developments, institutional interest in spot Bitcoin ETFs in the US drew attention. While $389 million in new inflows were recorded in just one day on Wednesday, $19 million in additional funds were flowed into Ethereum ETFs. This reveals that investors continue to seek a “digital safe haven” against volatility.Despite its 13% increase since the beginning of the year, Bitcoin has been on an indecisive course as of this week. “Bitcoin is caught between two worlds, neither responding to risk appetite nor bouncing on geopolitical risks like gold,” FxPro analyst Alex Kuptsikevich said.
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19 Jun 2025
Six Companies Invest $884 Million in Cryptocurrencies: Target Bitcoin and HYPE
The cryptocurrency markets are entering a new era in corporate interest in crypto assets. Six different companies listed on the US stock exchange (DDC Enterprise, Fold Holdings, BitMine Immersion Technologies, Prenetics, The Blockchain Group and Eyenovia) have taken an important step in this area by allocating a massive budget of $884 million in total to Bitcoin and the HYPE token. $834 million of the investments were allocated to Bitcoin, while $50 million was allocated to HYPE, the native token of the Hyperliquid platform.Institutional demand for Bitcoin is strengtheningHong Kong-based DDC Enterprise has raised $528 million to purchase 5,000 BTC over three years. This funding was obtained through a $300 million convertible note, a $200 million loan and a $26 million equity increase. The company started this strategic acquisition plan with 21 BTC. US-based fintech company Fold Holdings aims to increase its Bitcoin reserves with a $250 million equity acquisition fund. The company currently has 1,490 BTC in assets, and it is estimated that it can purchase approximately 2,368 more BTC with this fund at the current Bitcoin price. On the other hand, a mining company called BitMine Immersion Technologies raised funds with a $16.3 million share issue. The company, which purchased 100 BTC on June 9, 2025, reached a total Bitcoin asset of 154,167 BTC. The average purchase price was determined as $106,033. According to Ecoinimist data, 61 publicly traded companies currently hold more than 3% of the total Bitcoin supply. This rate represents a 142% increase compared to 2023.The Blockchain Group, based in France, announced on June 18, 2025 that it had purchased 182 Bitcoins (BTC) by spending approximately $19.6 million. With this purchase, the company's total BTC reserves reached 1,653, and it was stated that this amount is worth approximately $170 million at current prices. The purchase was financed through bond and stock issuance from institutional and individual investors, including UTXO Management, Moonlight Capital, Ludovic Chechin-Laurans and TOBAM. In addition, the $1.84 million resource obtained by cashing out 2.98 million share options was used to purchase approximately 16 BTC. While the company's BTC return since the beginning of the year has reached 1,173%, ALTBG shares fell 1% on the same day despite this development. Finally, Prenetics Global, a health technology company traded on Nasdaq, became the latest company to join this trend with a $20 million Bitcoin investment. The company purchased 187.42 BTC through Kraken. CEO Danny Yeung stated that this step is just the beginning, and that it heralds a new era where healthcare and blockchain technologies intersect. With its financially strengthened balance sheet and new strategic partnerships, Prenetics aims to be the leading Bitcoin treasury company in the healthcare sector. Former OKX COO Andy Cheung joined the company's board of directors, while Tracy Hoyos Lopez, known as Donald Trump's Bitcoin advisor, was added to the advisory team.Eyenovia enters the DeFi world: $50 million in HYPE tokenBiotechnology firm Eyenovia rebranded itself as Hyperion DeFi and invested $50 million in HYPE token. With this investment, the company purchased more than 1 million HYPE tokens and started staking these tokens through the Anchorage Digital platform. Thus, Eyenovia became the first public company in the US to strategically own a HYPE reserve.HYPE is a token with staking, airdrop, and governance functions that runs on Hyperliquid’s Layer-1 blockchain. It ranks 11th in the cryptocurrency rankings with a market value of $13.69 billion as of June 18, 2025.
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18 Jun 2025
Cyber Attack on Iran's Largest Crypto Exchange: $73 Million Missing
Iran's largest cryptocurrency exchange Nobitex has announced that it has been subject to a major cyber attack. According to the statements, the attack targeted the exchange's hot wallets and while it was initially claimed that there was a loss of $48.65 million, it was later reported that this amount reached $73 million. The allegations regarding the attack were revealed by blockchain detective ZachXBT.Statement from NobitexNobitex stated in a statement it made on X (former Twitter) on June 18 that its technical teams detected unauthorized access to the system. The company announced that it suspended all access immediately after the attack and launched a comprehensive internal security investigation. The statement emphasized that users' funds in cold wallets were safe and that all losses would be covered by Nobitex's insurance fund and its own resources.Exchange officials said, "Nobitex is fully responsible for this incident. Our users' losses will be fully covered." The company's website and mobile application were also temporarily closed during the investigation.Who is behind the attack?Investigating the details of the attack, ZachXBT stated that the suspicious transactions took place on the Tron network and that the wallet address used by the hacker contained a striking phrase such as “TKFuckiRGCTerroristsNoBiTEX…” The phrase “IRGC” (Iranian Revolutionary Guard Corps) in the address raised the possibility that the attack could be based on political motivation.According to ZachXBT, the attack was not limited to the Tron network. Suspicious exits from wallets belonging to Nobitex also occurred on Ethereum Virtual Machine (EVM) chains.Statement from the Israeli-linked hacker groupImmediately after the cyber attack, a hacker group identifying itself as “Gonjeshke Darande” (Turkish for “Sparrow of Prey”) claimed responsibility for the attack. In a statement made on the social media platform X, the group described Nobitex as one of the Iranian regime’s means of financing terrorism and evading global sanctions. The group said: “Nobitex is at the heart of the regime’s efforts to finance terrorism around the world and is used as a primary tool to evade sanctions. That’s why we launched cyberattacks against the platform.”Furthermore, the group’s statements claimed that Nobitex employees are considered military personnel under Iranian law and that the platform is part of the country’s defense and intelligence infrastructure. The hackers threatened to release Nobitex’s source code and internal data within the next 24 hours.Iran-Israel tensions spill over into cyberspaceThis incident showed that the recent escalation of tensions between Iran and Israel has spilled over into the cryptocurrency world. The political and ideological conflicts between the two countries have escalated into open conflict with mutual missile attacks in recent weeks. This tension has also led to volatility in cryptocurrency markets. According to market data, approximately $1 billion worth of positions were liquidated in the market since the clashes began, but the Fear and Greed Index still remains in the “greed” zone.
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18 Jun 2025
Countdown Begins for FED Interest Rate: What Awaits the Crypto Market?
The US Federal Reserve (FED) will announce its June interest rate decision today at 22:00 Turkish time. This decision, which will come after the Federal Open Market Committee (FOMC) meeting held on June 17-18, is also of great interest to the cryptocurrency market. While investors almost certainly see interest rates as being kept constant, the messages to be given by FED Chairman Jerome Powell and the economic projections to be updated will be decisive in terms of the direction of the markets. According to CME Group's "FedWatch" tool, the probability that the FED will keep interest rates constant at 4.25-4.50 percent at this meeting is 99.9 percent. The expectation of a rate cut in June is priced at only 0.1 percent. The same policy will most likely be maintained in July; the probability that interest rates will remain constant is 85.5 percent, while the expectation of a 25 basis point cut is only 14.5 percent. Source: CME Fed Watch Like former Fed chairmen Greenspan, Bernanke and Yellen, Jerome Powell has taken a more cautious stance in the latter stages of his term. According to Nicholas Colas, co-founder of DataTrek Research, Powell follows in the footsteps of previous chairmen who wanted to end their term on a “hawkish” tone, reflecting both a determination to fight inflation and a desire to maintain political independence.Impact on crypto markets: Bitcoin feels the tensionThe impact of the Fed’s interest rate decisions on the cryptocurrency market has become the norm. The decision to be announced today is expected to have a significant impact, if not directly, through the economic forecasts and “dot plot” projections that will accompany it.“Interest rates are expected to remain stable. However, markets are fixated on dot plots. If only two interest rate cuts are expected from Fed officials, the ‘high interest rates for a long time’ narrative could strengthen. This could support the dollar and suppress interest in crypto.”Indeed, Bitcoin price, which is currently struggling to hold on above the $104,000 band, is under pressure due to the geopolitical tensions between Israel and Iran. The possibility of conflict in the Middle East is pushing investors to take a more cautious position, while also increasing the upward pressure on inflation both in the US and globally. According to Matteo Greco, a senior analyst at Fineqia, “A 100 basis point interest rate cut was expected as we entered 2025. However, due to the strong labor market and inflation above the 2 percent target, this expectation has decreased to 50 basis points, and even 25 basis points in some scenarios.”Could the FED decision support Bitcoin?In the short term, “hawkish” FED policies may be suppressive for volatile assets like Bitcoin. However, the fact that high interest rates increase the borrowing cost of the US may increase interest in alternative stores of value in the long term. In this context, a positive environment may arise for assets with limited supply, such as gold and Bitcoin.
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18 Jun 2025
Daily Market Summary with JrKripto 17 June 2025
You can find today’s edition of 'Daily Market with JrKripto' below, featuring a roundup of the most important developments from both global and local markets. Let’s take a closer look at the overall market sentiment and the latest insights together.Bitcoin formed a mini trading range over the weekend. With the start of the new week, BTC moved upward and reached as high as $106,600. However, it faced short-term pullbacks from this level. It's worth noting that the $106,500–$107,300 range remains a key resistance zone. Despite global market uncertainty, Bitcoin is displaying strong bullish momentum. If buying pressure continues at this pace, a breakout above this zone could lead to a move toward the next resistance at $108,900. On the downside, holding above the $105,000 level is a positive sign, with the next major support area located at $103,900.As highlighted in our technical analysis section, Ethereum continues to trade within an ascending channel. The $2,580–$2,630 range is acting as a resistance zone. Ethereum appears to have been rejected from this region, briefly dropping to $2,530. However, reactionary buying has pushed the price back up to around $2,580. A successful breakout above this level could take ETH toward the upper boundary of the channel at $2,900. In case of a pullback, the first support is seen at $2,580, followed by a secondary support at $2,500.Crypto NewsJapan kept its interest rate decision steady.Strategy acquired 10,100 BTC.Tron started working on an IPO.President Trump's Truth Social applied for the Truth Social Bitcoin and Ethereum ETF.SEC postponed the staking decision in Franklin's spot Ethereum ETF.Iran asked Qatar, Saudi Arabia, and Oman to pressure Trump to accept an immediate ceasefire with Israel. In return, Iran will show flexibility in nuclear negotiations with the US.Origin's DAO team to buy back $3 million in tokens.SEC accepts Truth Social Spot Bitcoin ETF application.CryptocurrenciesTop Gainers:WBT → up 29.3% to $51.44XCN → up 6.6% to $0.01447374BCH → up 4.2% to $475.32SYRUP → up 3.7% to $0.5457354PENDLE → up 3.5% to $3.96Top Losers:KTA → down 14.9% to $0.88758792SPX → down 13.3% to $1.45EIGEN → down 11.1% to $1.16GIGA → down 11.1% to $0.02168006GRASS → down 10.5% to $1.50Fear Index:Bitcoin: 64 (Greed)Ethereum: 54 (Neutral)Dominance:Bitcoin: 64.76% ▼ 0.17%Ethereum: 9.55% ▲ 1.71%Daily Total Net ETF InflowsBTC ETFs: -$9.61BETH ETFs: $21.40MData to Watch Today15:30 – Core Retail Sales (Monthly) (May)◦ Expected: 0.2%◦ Previous: 0.1%15:30 – Retail Sales (Monthly) (May)◦ Expected: -0.5%◦ Previous: 0.1%Global MarketsYesterday, U.S. stock markets closed higher amid hopes that tensions between Iran and Israel could ease. The S&P 500 rose 0.9%, and the Nasdaq gained 1.5%, with tech stocks leading the rally. In contrast, energy stocks declined alongside falling oil prices. The VIX fear index dropped by 1.7 points to 19.1, indicating a slight easing in market anxiety.However, unconfirmed reports concerning the Strait of Hormuz and the ongoing regional tensions are prompting caution in the markets. This morning, both European and U.S. futures markets saw slight declines.Global markets remain focused on developments along the Iran-Israel axis. As previously noted, interest rate decisions from the Fed, the Bank of England, and the Central Bank of Turkey (CBRT) will also be closely watched this week. While no rate changes are expected, the accompanying statements and updated economic projections will play a key role in shaping market sentiment. In addition, Japan has announced that it is leaving interest rates unchanged.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.56 trillion market cap, $479.14 per share, up 0.88%NVIDIA (NVDA) → $3.53 trillion market cap, $144.69 per share, up 1.92%Apple (AAPL) → $2.96 trillion market cap, $198.42 per share, up 1.00%Amazon (AMZN) → $2.29 trillion market cap, $216.10 per share, up 1.89%Alphabet (GOOG) → $2.15 trillion market cap, $177.94 per share, up 1.17%Borsa IstanbulAccording to the data released yesterday, Turkey's current account deficit in April was $7.9 billion. This is close to market expectations; our estimate yesterday was $7.7 billion. However, the total 12-month deficit increased to $15.8 billion. The data shows us that there is a temporary deterioration in the current account balance. However, the preliminary foreign trade data for May shows that this deterioration may be short-lived and that recovery may begin.On the Borsa Istanbul (BIST) side, pressure continues due to the Iran-Israel tension in the Middle East. Although the news that the parties were seeking a compromise yesterday provided short-term relief, a permanent recovery could not be achieved. The BIST100 index completed the day horizontally-positive at 9,350.One of the most important developments for the markets this week will be the Central Bank of Turkey’s (CBRT) interest rate decision to be announced on Thursday. According to the Market Participants Survey published yesterday, investors think that the TCMB may start reducing interest rates in the second half of the year.When we look at the BIST100 index technically, the range of 9,043–8,994 appears as a strong support area. In the scenario where these levels are maintained, upward attempts are quite healthy. Above, the range of 9,446–9,475 is followed as resistance.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → 858.44 billion TL market value, 258.75 TL per share price, increased by 0.98%Aselsan Elektronik Sanayi (ASELS) → 633.38 billion TL market value, 143.90 TL per share price, increased by 3.60%Türkiye Garanti Bankası (GARAN) → 493.08 billion TL market value, 116.30 TL per share price, decreased by 0.94%Koç Holding (KCHOL) → 371.76 billion TL market value, 145.70 TL per share price, decreased by 0.61%Turkish Airlines Inc. (THYAO) → 366.05 billion TL market value, 262.50 TL per share price, decreased by 1.04%Precious Metals and Currency PricesGold: 4,295 TLSilver: 46.20 TLPlatinum: 1,568 TLDollar: 39.39 TLEuro: 45.59 TLWe look forward to bringing you the latest updates again tomorrow!
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17 Jun 2025
Daily Market Summary with JrKripto 16 June 2025
You can find today’s edition of 'Daily Market with JrKripto' below, featuring a roundup of the most important developments from both global and local markets. Let’s take a closer look at the overall market conditions and the latest insights together.Bitcoin formed a narrow trading range over the weekend. With the start of the new week, BTC moved upward, climbing as high as $106,600. The $106,500–$107,300 range remains a key resistance zone. Despite ongoing uncertainty in global markets, Bitcoin is showing strong bullish momentum. If buying pressure continues at this pace, a breakout above resistance could pave the way toward the next target at $108,900. On the downside, holding above the $105,000 level is a positive sign. The next major support lies at $103,900.As noted in our technical analysis section, Ethereum continues to trade within an ascending channel. Currently retesting a key resistance area, ETH has entered the week with strong buying momentum. The $2,580–$2,630 range remains a crucial resistance zone, with Ethereum trading around $2,620 at the moment. A breakout above this level could open the path toward the upper boundary of the channel, around $2,900. In case of a pullback, initial support is seen at $2,580, followed by a secondary support level at $2,500.Crypto NewsVanEck filed an updated version of its spot Solana ETF S-1 application. The SEC approved the Trump Media filing, opening the door to billions of dollars in Bitcoin purchases. Trump: Iran and Israel must reach an agreement. Binance Futures will launch AAVEUSDC and UNIUSDC futures contracts. Cryptocurrencies Top Gainers:KTA → Increased by 15.0% to $0.99917686.CHEX → Increased by 14.7% to $0.24206435.JTO → Increased by 14.1% to $2.30.SYRUP → Increased by 14.1% to $0.52734284.TKX → Increased by 13.0% to $32.38.Top Decliners:XSOLVBTC → Declined by 7.3% to $100,147.47.TRIBE → Declined by 6.3% to $0.42285928.RVN → Declined by 4.6% to $0.01914205.PI → Declined by 2.0% to $0.60475777.GT → Declined by 1.7% to $16.61.Fear Index:Bitcoin: 61Ethereum: 52 Dominance:Bitcoin: 64.58% ▼ 0.18%Ethereum: 9.55% ▲ 0.71%Daily Total Net ETF Inflows BTC ETFs: $301.70 million ETH ETFs: -$2.10 million Global MarketsIsraeli Prime Minister Netanyahu announced on Friday that they had launched an attack on Iran and said that the attacks would continue until the threat was eliminated. Netanyahu's threat is interpreted as Iran being very close to producing nuclear weapons. Attacks between Iran and Israel continued over the weekend. These developments in the Middle East have significantly heightened global tensions.This rising geopolitical tension naturally triggered selling pressure across global markets. While gold and oil prices surged, equity markets experienced minor declines. The VIX index climbed 2.8 points to 20.8, signaling growing anxiety among investors.Trump stated that intensive negotiations for peace are underway and that we may see positive results soon. This week, all eyes will be on developments between Iran and Israel.In financial markets, the Fed, the Bank of England, and the Central Bank of the Republic of Turkey's interest rate decisions will be closely monitored this week. No changes in interest rates are expected at any of these meetings. Another important topic at these meetings will be economic forecasts for the future.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → Market capitalization of $3.53 trillion, share price of $474.96, down 0.82%.NVIDIA (NVDA) → Market capitalization of 3.46 trillion USD, share price of 141.97 USD, down 2.09%.Apple (AAPL) → Market capitalization of 2.93 trillion USD, share price of 196.45 USD, down 1.38%.Amazon (AMZN) → Market capitalization of $2.25 trillion, share price of $212.10, down 0.53%.Alphabet (GOOG) → Market capitalization of $2.13 trillion, share price of $175.88, down 0.62%. Borsa IstanbulToday, important data for the Turkish economy will be announced. The current account deficit, retail sales, number of salaried employees for April, and central government budget data for May will be monitored. In March, the current account deficit stood at $4.1 billion, while preliminary figures for April suggest it may have widened to $7.7 billion. A rising current account deficit typically signals increased demand for foreign currency.Additionally, the Central Bank of Turkey (CBRT) will publish its June Market Participants Survey today. In the previous survey conducted in May, the inflation expectation was 30.35%, while the CBRT’s official forecast remained at 24%.There is also another development that could strengthen the Central Bank's position: TCMB has extended its currency swap agreement with the People's Bank of China for another three years. The agreement allows for transactions up to 189 billion TL.On the stock market front, rising tensions between Iran and Israel have caused significant unease. The BIST100 index closed Friday at around 9,300 points, down 1.8%.As the new week begins, markets will be closely watching both global geopolitical developments and upcoming central bank interest rate decisions.Top Market Capitalization Companies on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 858.44 billion TL, share price of 254.50 TL, down 0.68%.Aselsan Elektronik Sanayi (ASELS) → Market value of 645.24 billion TL, share price of 144.80 TL, up 2.33%.Türkiye Garanti Bankası (GARAN) → Market value of 492.24 billion TL, share price of 117.20 TL, no change.Koç Holding A.Ş. (KCHOL) → Market value of 368.72 billion TL, share price of 145.30 TL, and a decrease of 0.07%.Enka İnşaat ve Sanayi A.Ş. (ENKAI) → Market value of 366.66 billion TL, share price of 61.60 TL, 1.52% decrease. Precious Metals and Currency PricesGold: 4344 TL Silver: 46.20 TL Platinum: 1568 TL Dollar: 39.46 TL Euro: 45.66 TL We look forward to bringing you the latest updates again tomorrow!
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16 Jun 2025
Trump's Media Company Files ETF Application for Bitcoin and Ethereum
Truth Social, US President Donald Trump's media venture, has taken a bold step into the cryptocurrency market. The platform, which operates under the Trump Media & Technology Group umbrella, officially filed an application with the US Securities and Exchange Commission (SEC) on June 16, 2025, for a Bitcoin and Ethereum ETF (exchange-traded fund).Bitcoin and Ethereum ETF application from Truth SocialAccording to the application filed by Truth Social, investors will be offered direct exposure to both Bitcoin (BTC) and Ethereum (ETH) assets. The fund, which is planned to be traded on the NYSE Arca exchange under the ticker symbol B.T., will allocate 75% of its investment portfolio to Bitcoin and 25% to Ethereum. The fund is sponsored by Yorkville America Digital, a New Jersey-based crypto asset firm. Custody services will be provided by Crypto.com. Devin Nunes, CEO of Trump Media & Technology Group, which owns Truth Social, described the new ETF application as part of the company's digital finance vision. In his statement, Nunes said, “At Trump Media, we continue to aggressively develop our products and services. As part of this vision, our Bitcoin reserves are also growing.”This crypto initiative from the Trump camp has resonated not only in the investment world but also in political circles. As recalled, Trump openly supported Bitcoin mining in his 2024 election campaign and argued that the US should become a “crypto production hub.”The company's strategic approach to digital assets is not limited to the ETF application. Trump Media also announced that it has raised approximately $2.3 billion in capital. This funding was secured from approximately fifty investors through debt financing and stock subscription agreements. In another document submitted to the SEC, it was noted that the company had registered approximately 56 million shares of common stock and 29 million shares of convertible bonds for resale. Devin Nunes emphasized that these financial activities were conducted to support the company's growth strategy and expansion plans.Bitcoin price nears 107,000 dollarsTruth Social's ETF application was also welcomed positively in the cryptocurrency market. According to market data, Bitcoin rose to $106,777, up 1.6% following the news. The market value exceeded $2.12 trillion, while the 24-hour trading volume reached $42 billion. Bitcoin's market dominance is currently at 63.66%. A limited increase was also observed on the Ethereum side. Market players expect a significant upward momentum in both BTC and ETH prices if the ETF is approved by the SEC.An ETF application featuring Trump's name is expected to be particularly influential, especially given the current regulatory process for cryptocurrencies. All eyes are now on the SEC's decision.
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16 Jun 2025
CoinShares Report: Bitcoin, ETH, XRP, Sui, and SOL on the Radar of Institutional Investors
Institutional interest in cryptocurrency markets continues to grow. According to CoinShares' weekly report, demand for crypto asset investment products has not weakened despite geopolitical tensions. This trend, supported by US-based entries in particular, has increased institutional interest not only in leading coins such as Bitcoin and Ethereum, but also in altcoins such as XRP, Sui, and Solana. According to the latest data, investments in cryptocurrencies have reached their highest levels of the year, with some altcoins showing signs of recovery.CoinShares report: Net inflows into cryptocurrenciesDespite geopolitical tensions dampening global risk appetite, cryptocurrency investment products maintained their steady upward trend, earning investors' confidence. According to CoinShares' report dated June 16, 2025, there was a net inflow of $1.9 billion into crypto assets last week. This marks the ninth consecutive week of inflows, with the total inflow since the beginning of the year reaching a record $13.2 billion.When looking at regional data, the United States was, as expected, the country with the highest investor interest. The United States maintained its lead with $1.92 billion in weekly inflows, followed by Switzerland ($20.7 million), Germany ($39.2 million), and Canada ($12.1 million). In contrast, outflows of 56.8 million dollars and 8.5 million dollars were observed in countries such as Hong Kong and Brazil, respectively.Bitcoin and Ethereum investments at the top, XRP and Sui also saw interestBased on asset-based evaluation, Bitcoin remained the main focus of investors with a weekly inflow of 1.325 billion dollars. This strong performance further boosted Bitcoin's total inflows since the beginning of the year to 11.4 billion dollars. Additionally, 3.7 million dollars in inflows were recorded for short Bitcoin products. There was also notable activity in the Ethereum sector. The weekly inflow of 583 million dollars marked the highest level seen since February. Ethereum's total inflows over the past few weeks reached $2 billion, bringing its share of assets under management (AuM) to 14%. In addition to these two major assets, XRP and Sui also regained investor interest with inflows of $11.8 million and $3.5 million, respectively. Solana experienced limited inflows of 1.3 million dollars, while other altcoins like Cardano and Chainlink saw low-volume activity. On the other hand, multi-asset products closed the week in negative territory with -14 million dollars, Chainlink with -0.3 million dollars, and Litecoin with -0.1 million dollars.iShares took the lead, while Fidelity and Grayscale remained in negative territoryOn the fund provider side, iShares stood out with 1.497 billion dollars in inflows from its US-based ETFs, while some major players like Fidelity (-88 million dollars) and Grayscale (-1.659 billion dollars) are still struggling with negative flows. Other providers like Bitwise, ARK 21Shares, and CoinShares XBT have also recorded negative inflows since the start of the year.
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16 Jun 2025
Metaplanet Reaches 10,000 BTC Target: Shares Rise
Japanese investment firm Metaplanet has reached a major milestone in its Bitcoin investments. The company announced that it has purchased an additional 1,112 Bitcoin, bringing its total BTC holdings to 10,000. With this move, Metaplanet has surpassed crypto exchange giant Coinbase to become one of the largest institutional Bitcoin holders.Metaplanet has acquired an additional 117 million dollars worth of BitcoinMetaplanet CEO Simon Gerovich stated in a post on X (formerly Twitter) that the newly acquired 1,112 BTC cost a total of 117.2 million dollars, with an average purchase price of 105,435 dollars. With this latest purchase, the company has fully achieved its 2025 target of 10,000 BTC.According to the data, Coinbase Global holds 9,267 BTC. Metaplanet's total BTC count reaching 10,000 has propelled the company ahead of Coinbase in this area. Metaplanet has demonstrated remarkable growth in a short period by aggressively continuing its Bitcoin purchase strategy, which it launched in April 2024. $210 million bond announcementThe company did not limit itself to Bitcoin purchases, but also announced the issuance of $210 million in interest-free bonds. According to the company's statement, the proceeds from these bonds issued to the EVO Fund will be used entirely for new Bitcoin purchases. The maturity date of the bonds in question has been set for December 12, 2025.Following these developments, Metaplanet shares experienced a rapid rise. The company's shares, which are traded on the Tokyo Stock Exchange, gained 17.23% in value on the day of the announcement, rising to 1,769 yen. Looking at the year-to-date performance, the increase in share prices has reached 408%. Some sources indicate that following these recent announcements, the share price rose by up to 22% during the day, reaching 1,830 yen.A target of 100,000 BTC by 2026Metaplanet's Bitcoin targets are not limited to this. The company plans to acquire 100,000 BTC by 2026 and 210,000 BTC by 2027. This equates to 1% of the total Bitcoin supply. To support this goal, the company also announced plans for a $5.4 billion share offering on June 6. Under this plan, 555 million new shares are expected to be issued over the next two years.In light of these developments, Metaplanet is emerging as one of the most notable institutional Bitcoin investors. The company's total return on its BTC positions since the beginning of 2025 has exceeded 200%.It is worth noting that neither Metaplanet nor any other company has come close to matching MicroStrategy's BTC holdings. MicroStrategy holds 582,000 BTC – the company began accumulating BTC in August 2020 and set an example for other companies.
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16 Jun 2025
Daily Market Summary with JrKripto 13 June 2025
You can find today’s edition of “Daily Market Recap with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the overall market conditions together and review the latest updates.Bitcoin (BTC) had previously dropped below the $104,977 support level, falling to as low as $101,150 before rebounding from the $101,059–$100,063 range with strong buying pressure and breaking out of the descending channel to the upside. However, BTC has now pulled back to around $104,950, once again approaching critical support levels. If the downward move continues, the $104,977 and $101,059 supports remain important. A drop below these levels could bring the $96,914 level into focus. On the upside, it will be difficult to speak of a sustained recovery unless the $106,794 and especially $109,588 resistance levels are broken. A stable move above $109,588 could target $111,980 (ATH) and $114,500.Ethereum (ETH) also gave a positive signal earlier by breaking out of its descending channel, but it has now pulled back to around $2,525. This weakening has raised doubts about the recovery. If the downward movement continues, the $2,385 level stands out as strong support. Falling below this level could bring $2,098 and then $2,004 into play. For the upward recovery to gain momentum, ETH needs to break above $2,711 and then $2,838. However, to reestablish a positive outlook, the price must maintain above $2,711.Crypto NewsBlackRock aims to become the world's largest crypto asset manager by 2030.President Trump called the 🇺🇸🇨🇳 China trade deal "GREAT!"Trident announced a funding plan of up to $500 million for the XRP Treasury and appointed Chaince Securities LLC as a strategic advisor.Financial market giant DTCC is exploring a stablecoin.French firm The Blockchain Group raised €9.7 million to buy more Bitcoin.Coinbase to launch futures trading in the U.S.Coinbase is partnering with American Express to launch the 'Coinbase One Card' offering up to 4% Bitcoin cashback.Israeli air force carried out airstrikes on Iran.Top Gainers in CryptocurrenciesVENOM → Up 26.6% to $0.17085618AERO → Up 15.0% to $0.63056735TRIBE → Up 5.5% to $0.45062473AB → Up 5.0% to $0.01219636WBT → Up 3.2% to $33.62Top Losers in CryptocurrenciesSPX → Down 18.4% to $1.39FARTCOIN → Down 17.9% to $1.10MOG → Down 17.0% to $0.97854539POPCAT → Down 16.7% to $0.3029431BRETT → Down 16.5% to $0.04416029Fear IndexBitcoin: 66Ethereum: 58DominanceBitcoin: 64.85% ▲ 0.83%Ethereum: 9.41% ▼ 3.66%Daily Net ETF InflowsBTC ETFs: $86.30 MillionETH ETFs: $112.30 MillionGlobal MarketsThe day began with reports that Israel struck multiple targets in Iran. We had previously warned in yesterday’s bulletin of rising geopolitical tensions in the region, but the scale and speed of this development have exceeded market expectations. Reports indicate that Israel hit military, industrial, and even academic targets in over 10 cities in Iran. The scope of this strike is significant, and attention now turns to Iran’s possible retaliation. Whether Iran will target Israeli cities or U.S. bases in the region remains a closely watched matter.These developments have caused noticeable movements in asset prices. Oil prices have surged nearly 10%, while gains have also been seen in precious metals, agricultural commodities, and other safe-haven assets. Conversely, global equity markets are under selling pressure. Losses in U.S. and European futures and Asian stock markets range between 1–2%.Yesterday, U.S. stock indices closed higher. The S&P 500 gained 0.4% and the Nasdaq 0.2%, while the VIX volatility index rose 0.8 points to 18.0. In Europe, the Eurostoxx-600 index declined by 0.3% due to diminishing trade optimism and heightened geopolitical tensions.Following the Middle East crisis, Brent crude oil tested $78.50 this morning and is currently trading around $74.70, up 7.7%. Gold also hit a one-month high on safe-haven demand, rising 1.1% to $3,422 per ounce. The U.S. Dollar Index (DXY) is up 0.4% at 98.3. Selling pressure continues in futures markets and Asian equities.On the macroeconomic front, the U.S. Producer Price Index (PPI) rose 0.1% in May, falling short of the 0.2% market expectation. Year-over-year, PPI rose to 2.6% from 2.5%. The decline in airline fares and flat energy prices contributed to the lower increase.Better-than-expected CPI and PPI data, along with signs of cooling in the labor market, have increased expectations of a potential Fed rate cut in September. However, at the upcoming June 18 meeting, the Fed is expected to keep interest rates unchanged.Additionally, weekly jobless claims in the U.S. came in at 248,000 for the week ending June 7, exceeding expectations of 242,000. Continuing claims rose to 1.96 million—the highest since November 2021—indicating a slowdown in the labor market.Most Valuable Companies & Stock PricesMicrosoft (MSFT): $3.56 trillion market cap, $478.87 per share, up 1.32%NVIDIA (NVDA): $3.54 trillion market cap, $145.00 per share, up 1.52%Apple (AAPL): $2.98 trillion market cap, $199.20 per share, up 0.21%Amazon (AMZN): $2.26 trillion market cap, $213.24 per share, up 0.02%Alphabet (GOOG): $2.14 trillion market cap, $176.97 per share, down 1.02%Borsa IstanbulIn Turkey, the Industrial Production Index (IPI) for April showed a sharp 3.1% monthly decline. The calendar-adjusted annual change was 3.3%. This steep monthly drop largely reflects a correction and normalization following March's strong growth. Volatility in capital goods production continues to be the primary driver of fluctuations in industrial output.The Construction Cost Index rose 1.7% in April month-over-month, with an annual increase of 22.7%. This marks the 11th consecutive month of year-over-year decline. Seasonally adjusted figures show that the monthly increase accelerated from 1.9% to 2.3%, signaling rising construction costs.Due to heightened geopolitical tensions in the Middle East, the BIST-100 index fell below its 100- and 200-day moving averages, ending the day down 1.7%. The biggest losses were in the banking, holding, and aviation sectors, while defense and steel stocks performed relatively better. The rise in geopolitical risk also pushed up oil and gold prices.Meanwhile, the CBRT has shifted all its funding operations to weekly repo auctions, bringing the average funding cost down to 46%—a 300 basis point drop over the last three trading days.Geopolitical tensions will continue to be the dominant factor in the short term. As such, a bearish trend may persist on the BIST today.Technical Outlook:The BIST-100 index closed at 9,520 yesterday, showing a weak trend throughout the session. The pullback, which began from 9,734—just below the 9,740–9,770 resistance band—continued throughout the day but remained relatively limited. The index staying above the 9,475–9,445 transition band indicates that the bullish expectation is still intact. If this support zone is breached, signs of weakness may strengthen, bringing the 9,255–9,148 support range back into focus. For now, as long as the index remains above this support zone, the possibility of retesting the 9,740–9,770 resistance band remains on the table.Most Valuable Companies on Borsa IstanbulQNB Finansbank (QNBTR): 876.86B TRY market cap, 258.75 TRY per share, down 1.15%Aselsan (ASELS): 659.83B TRY market cap, 144.20 TRY per share, down 0.35%Garanti Bank (GARAN): 499.8B TRY market cap, 114.20 TRY per share, down 4.03%Turkish Airlines (THYAO): 384.68B TRY market cap, 265.00 TRY per share, down 4.93%Koç Holding (KCHOL): 374.3B TRY market cap, 142.20 TRY per share, down 3.66%Precious Metals & Currency PricesGold: 4,334 TRYSilver: 46.19 TRYPlatinum: 1,617 TRYUSD: 39.42 TRYEUR: 45.45 TRYSee you again tomorrow with the latest updates!
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13 Jun 2025
Bitcoin and Altcoins Shook by Iran-Israel Tensions
Cryptocurrency markets started the last trading day of the week with sharp declines. The markets experienced a serious sell-off due to rising geopolitical tensions in the Middle East and inflation data from the US. Almost all major cryptocurrencies, especially Bitcoin and Ethereum, lost value. The total market value of cryptocurrencies fell by more than 2 percent, from $3.37 trillion to $3.32 trillion. The value of positions liquidated daily exceeded $1.1 billion. Let's take a look at the market details of the day...Major decline in the market: Bitcoin, ETH and other cryptocurrencies in the top 10 declinedDogecoin (DOGE) was one of the assets most affected by the general decline in the market. The popular meme coin lost nearly 7 percent in value in just 24 hours, falling to $0.181. While Bitcoin fell 4 percent to below $103,000, Ethereum fell 9 percent to $2,500. Solana lost more than 6%, while XRP lost nearly 4%. According to JrKripto.com data, a total of $1.04 billion worth of positions were liquidated in the last 24 hours, the vast majority of which were long (bullish) positions. A $317 million long position was liquidated on Bitcoin alone. Liquidations in Ethereum totaled $151 million.Tension between Iran and IsraelTwo main developments stand out behind this decline in crypto markets. The first is Israel's airstrike on a nuclear facility in Iran. With this news coming around 03:30 Turkish time, investors quickly exited risky assets and headed for safe havens. This move pushed the price of gold above $3,410 per ounce, while causing a sharp 13% increase in oil prices. As investors rushed to safe havens, the exit from Bitcoin and altcoins, which are considered "risky assets", increased.US inflation also affected the marketThe second factor affecting the market is the May CPI data announced in the US on Wednesday. Although the data indicating that inflation is slowing was perceived positively in the markets at first glance, many investors used this opportunity to make profits and turned to sell-side transactions. This correction, especially for Bitcoin, which exceeded the $ 110,000 level at the beginning of the week, was a turning point where excessive optimism was broken.The impact of geopolitical tensions and economic data on the markets seems to continue in the coming days. Considering the high volatility of crypto assets, investors are expected to act cautiously and give more importance to risk management. In particular, the Fed's interest rate policy and developments in the Middle East will play a critical role in determining the direction of crypto markets.
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13 Jun 2025