This page lists the latest Bitcoin news and market analysis. Browse articles, expert insights, and updates in this category on JrKripto. Stay informed with in-depth coverage of cryptocurrency trends and developments.
News
Bitcoin News
Browse all Bitcoin related articles and news. The latest news, analysis, and insights on Bitcoin.
Crypto markets are holding their breath in anticipation of the Fed's interest rate decision in the final days of July. The decision from the Federal Open Market Committee (FOMC) meeting, scheduled for July 29-30, could profoundly impact not only traditional markets but also the crypto asset universe. While the market is expected to hold interest rates steady, analyst Paul Barron's "surprise rate cut" scenario has piqued the interest of crypto investors.Could a July rate cut send crypto soaring?Crypto analyst and media host Paul Barron, in a statement on X (formerly Twitter), suggested that an unexpected interest rate cut in July could trigger sharp increases in risky asset classes such as stocks, real estate, and cryptocurrencies. Although markets have only priced in a 24% chance of a rate cut at this meeting, Barron believes such a surprise move could inject new momentum into the bull market. According to Barron, a sudden interest rate cut could lower borrowing costs, particularly driving value into growth-focused technology stocks and cryptocurrencies. The analyst, noting that the S&P 500 has performed strongly in similar scenarios in the past, stated that crypto assets like XRP and ADA could also benefit from this headwind.Deaton's support: The crypto market could boomJohn E. Deaton, a leading figure in the crypto market, also made a statement echoing Barron's. Deaton stated that if Fed Chair Jerome Powell cuts interest rates, crypto assets could see a significant price appreciation. These statements reinforced expectations within the crypto community for a "major rally."Another noteworthy element in Barron's analysis is the potential dangers of an interest rate cut. If the Fed reacts with panic to a potential economic slowdown, rather than in line with inflation and labor market data, this could be perceived as a loss of confidence by the markets.Especially despite inflation falling to 2.3%, wage growth outpacing productivity poses the risk of a "wage-price spiral." This could lead to a resurgence of inflation and deepening economic uncertainty. According to Barron's, if the cut is not aimed at growth but rather a panic reaction to signs of recession, the rally will be short-lived and will give way to fears of stagflation.Cryptocurrencies CautiousAt the time of writing, Bitcoin is fluctuating around $118,800, while Ethereum is trading in the $3,800 range. Most investors are hesitant to take aggressive positions without anticipating the Fed's move. The total crypto market capitalization is still below $4 trillion and needs a new catalyst.Forecast platforms like Polymarket have a 96.3% expectation that interest rates will remain stable. Only 3% have invested in the possibility of a 25 basis point cut. This suggests that Barron's scenario is currently considered a "marginal" possibility. However, given the Fed's history of surprise moves, it would be a mistake to completely dismiss this possibility.
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 is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade in this area. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 area could be targeted.Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in place since 2021. Having surged to the $3,800 region with sharp increases, ETH has entered the trend zone. A breakout of this zone could indicate significant upward movement for Ethereum. In the event of a pullback, the $3,500 level will act as support.Crypto NewsTether printed $1 billion worth of USDT.SharpLink Gaming purchased $295 million worth of ETH, bringing its total ETH holdings to 438,000.Upbit will list OP.Trump: The EU has agreed to allow countries to trade duty-free.Trump: We have reached an agreement with the EU.BNB broke a new record, exceeding $820.The US and China agreed to freeze tariffs for another 90 days.Rick Rieder, CIO of BlackRock, which manages $11.5 trillion in assets, called for the US Federal Reserve (Fed) to lower interest rates.CryptocurrenciesTop Gainers:KTA → Up 17.1% to $1.09CAKE → Up 16.9% to $3.29TRIBE → Up 16.1% to $0.60263769ORDI → Up 15.9% to $11.83SPX → Up 14.4% to $2.25Top Losers:REKT → Down 14.5% to $0.97120098GLM → Down 11.9% to $0.29879452TKX → Down 7.8% to $9.21CVX → Down 7.4% to $5.59CRV → Down 4.4% to $1.03Fear Index:Bitcoin: 74 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 60.82% ▼ 0.34%Ethereum: 12.07% ▲ 0.56%Total Daily Net ETF InflowsBTC ETFs: $130.80 MillionETH ETFs: $452.80 MillionGlobal MarketsGlobal markets are starting the week with optimism generated by the 15% tariff agreement reached between the US and the EU. The agreement boosts risk appetite as it prevents higher tariffs expected to take effect on August 1st. US and European futures are slightly positive. The VIX index fell to 14.93, nearing its lowest levels this year.This week, global markets will be closely watching Fed and Bank of Japan interest rate decisions, with no change expected in interest rates. PCE, nonfarm payrolls, and ISM manufacturing data will be released in the US, while the Eurozone CPI will be the leading indicator. Domestically, June external balance, unemployment, and ISO Manufacturing PMI data will be released.Most Valuable Companies and Stock Prices (Based on Data in the Image)NVIDIA (NVDA) → $4.23 trillion market capitalization, $173.50 per share, decreased by 0.14%.Microsoft (MSFT) → $3.82 trillion market capitalization, $513.71 per share, increased by 0.55%.Apple (AAPL) → $3.19 trillion market capitalization, $213.88 per share, increased by 0.06%.Amazon.com (AMZN) → $2.46 trillion market capitalization, $231.44 per share, decreased by 0.34%.Alphabet (GOOG) → $2.34 trillion market capitalization, $194.08 per share, increased by 0.46%.Borsa IstanbulMoody's upgraded Turkey's credit rating from "B1" to "Ba3" and lowered the outlook from "positive" to "stable." Fitch affirmed Turkey's credit rating at "BB-" and kept its outlook unchanged. Inflation is expected to decline to 28% by the end of 2025 and 21% by the end of 2026, while growth is expected to be 2.9% in 2025, 3.5% in 2026, and 4.2% in 2027.Friday evening's rating upgrade could inject some balanced optimism into the new week. Sectoral inflation expectations will be released today. Bank balance sheets will be a key factor in the market starting Wednesday. The tariff agreement between the US and the EU also supports risk appetite. July inflation data, to be released on August 4th, will be a key focus in the second half of the week. The BIST-100 struggled to hold above 10,700 last week, and cautious buyers are expected to start the new week.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.26 trillion TL, price per share of 380.25 TL, increased by 1.00%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 835.39 billion TL, price per share of 180.0 TL, decreased by 1.75%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 588 billion TL, price per share of 139.0 TL, decreased by 0.71%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 441.5 billion TL, price per share of 172.7 TL, decreased by 0.80%.Enka Construction and Industry Inc. (ENKAI) → Market capitalization: 405.35 billion TL, price per share: 68.60 TL, down 0.80%.Precious Metals and Currency PricesGold: 4347 TLSilver: 49.87 TLPlatinum: 1840 TLDollar: 40.54 TLEuro: 47.64 TLWe look forward to bringing you the latest updates again tomorrow.
US President Donald Trump has finally signed the long-awaited customs agreement with the European Union (EU). Instead of the hefty 30% tariffs expected to take effect on August 1st, the parties agreed on a flat 15% tariff rate. This development not only helped prevent global trade wars but also ignited financial markets and cryptocurrencies. Following the agreement's announcement, the S&P 500 index surpassed the 6,400 level, moving one step closer to its all-time high. Around the same time, Bitcoin (BTC) surpassed $120,000, a level it hadn't surpassed for nearly two weeks. However, the leading cryptocurrency remains below its all-time high of $123,080.US and EU reach agreementThe agreement, announced after a meeting between Trump and EU Commission President Ursula von der Leyen in Turnberry, Scotland, could herald a new era in the global trading system. The parties agreed to a flat 15% tariff instead of tariffs that could have reached as high as 30%. However, products such as aircraft parts, some chemicals, and pharmaceuticals were excluded from this tariff.Trump also announced that the EU will purchase $750 billion in energy from the US over the next three years and pledge an additional $600 billion in investments. These investments include defense equipment. Von der Leyen emphasized the importance of the agreement, saying, "This is not just a trade agreement; it is a step toward restoring geopolitical balance."Markets soar: Stocks, Bitcoin, and altcoins rallyThe announcement of the agreement revived risk appetite in global markets. Dow Jones futures jumped 180 points (approximately 0.4%), while Nasdaq 100 and S&P 500 futures rose 0.4% and 0.3%, respectively. US stock markets, which had already closed strong on Friday, started the week positively with this development. Looking at the top 10 cryptocurrencies, Bitcoin and Ethereum (ETH) also joined the rally, rising 3% to above $3,850. BNB tested its all-time high of $825 following the news and surpassed Solana to become the fifth-largest cryptocurrency again. Gold steady, Europe on holdFollowing the developments, gold, considered a safe haven, traded flat at $3,335. European markets saw less activity. Major indices like the German DAX, the French CAC 40, and the Spanish IBEX 35 saw no significant change. However, Italy's FTSE MIB rose 0.3%, and Sweden's OMXS30 rose 0.23%.Many EU leaders cautiously welcomed the agreement. German Chancellor Friedrich Merz stated that it was a significant development for the automotive sector, while the Dutch and French commented that "lower tariffs would be better." Italian Prime Minister Giorgia Meloni said that this agreement "prevents direct conflict across the Atlantic."
Structural Behaviour Map of BTC Price ActionUnlike traditional trend structures we know, the falling channel that is clearly seen on the BTC chart is not an ordinary one. We understand from this ascending channel that the price of the coin trades within some specific periodic phases, and it suggests that these moves within the phases exhibit not only directional but also mental and structural continuity. Though the price actions seem to be upward at first glance, the key point to take into account is the cyclical logic underlying this upward trend, as this pattern is not simply a channel but a recurring pattern on the whole. Bitcoin 1. Elegance of the Cyclical Pattern: Intervals, Rhythm, and TimingThe fractal pattern clearly seen on the chart is made up of three main cycles, each of which has the same phases in itself:a) Saturation and accumulation following the riseb) Short-term peak formation and pullbackc) Bouncing from the channel’s mid-borderd) Re-surge of the price and approaching the channel’s upper borderIt can be clearly seen that these patterns have recurred at almost 14-to-18-week intervals. It is obvious on the chart that each of these cycles initiates in a similar way to the previous one; that is, the price retreats to the mid-border of the channel while at the same time the momentum decreases and the volume diminishes, which we can call the market’s recession phase. However, this recession is not a collapse of the price but suggests new accumulation, as sell pressure is absorbed during this time and strong hands gain advantageous positions. This very pattern repeats itself in every cycle. Periods of low volatility are followed by volume expansion, and the price moves back toward the upper region of the channel. The chart in question here acts not only as a technical model but also as a psychological timeline.2. Why Does It Recur in the Same Way?When we look at the very reason why this behavior recurs in the same way, we come to understand that the same market actors display the same reactions under the same conditions. What makes BTC vulnerable to the influence of behavioral cycles is that BTC is still a digital asset on the verge of institutionalization. It is not a coincidence that profit-taking after each rise, followed by a slowdown and then a renewed rise in risk appetite, happen respectively. It's a form of cyclical regulation inherent in cryptocurrency.Waves of liquidity make this repetition of cycles easier for the market, as the price needs to retreat by a certain amount so that major actors can reposition themselves. We see that these pullback phases are usually concentrated at the mid-border of the channel, meaning that every time the price touches this border, it triggers not only a technical level but also a psychological threshold for position management. A buying wave following this threshold triggers a rise along the same curve.3. What Happens if the Trend Continues Unbroken?The broad upward trend marked by the last curve on the chart is not an illusion but a natural extension of the previous three cycles. As long as the structure maintains its continuity, there is no technical reason why this pattern shouldn't reoccur. This is because the cyclical system is still active. The magnitude of the rise carries the energy of the previous fractal.However, this doesn't necessarily mean that it will certainly rise. If the market maintains the same behavior, it can produce the same result again. The disruption of this behavioral cycle, on the other hand, would represent not only a technical but also a structural change. In that case, the price must establish a new structure, making this detailed analysis invalid.4. This Is Not a Picture but a Coded LanguageThis chart is not only made up of just straight lines and colorful curves but a language where the past repeats itself and the algorithmic infrastructure of future movement is deciphered. Each of the corrections develops in the same way, each rise starts from the same level, and each breakout occurs with the same character. This is the coding of a fractal system not memorized but naturally generated in the market. Moreover, new peaks will not be coincidences but mechanical consequences so long as this system works.
Cryptocurrency markets could experience sharp volatility on the last Friday of July. A total of $14.59 billion worth of options contracts on Bitcoin and Ethereum expire today. These large-scale expirations pose both risks and opportunities for investors and traders.July expiration is comparable to June'sAccording to Deribit data, the total notional (hypothetical) value of Bitcoin options alone is $11.94 billion. The total open interest in these contracts is 103,584. The put/call ratio (sell/buy balance) is 0.93, meaning there are more buy positions than sell positions. This ratio suggests a cautious but bullish outlook in the market. The "maximum pain" price for Bitcoin is $112,000. This level represents the price point where the largest investor will experience losses. At the time of writing, the Bitcoin price was $116,381. This suggests that downward pressure may increase in the short term due to options.On the Ethereum side, the total value of options expiring is approximately $2.65 billion. Open interest has reached 737,361, and call options are also dominant here. The put/call ratio of 0.88 indicates that, similar to Bitcoin, buy positions are dominant. The maximum pain level for Ethereum is $2,900. ETH, currently priced at $3,634, is also likely to experience a correction towards this level due to options pressure.The Largest Bitcoin Selling Position in HistoryThe largest Bitcoin put option transaction ever recorded on Deribit also occurred during this period. This put option, totaling $600 million, bet that the BTC price would fall below $110,000 by August 8, 2025. This suggests that a significant downward trend is expected in the market.Furthermore, discussions about the "CME Gap" are once again on the agenda among investors. The price gap between $115,625 and $114,305 in the CME futures market has not yet been fully filled. Since such gaps have historically tended to be filled by the price, Bitcoin is expected to correct towards this region.Whale movements and liquidationsLarge investors are also adding to the market tension. According to Lookonchain data, a whale named AguilaTrades liquidated a position worth 720 BTC (approximately $83.3 million). The total loss from this position exceeded $4 million. As we reported this morning, institutional actors such as Galaxy Digital were also seen transferring large amounts of BTC to exchanges. The company transferred 11,910 BTC to various exchanges in recent days. Another noteworthy development was the movement of 3,962 BTC from a wallet that had been dormant since 2011. This fueled speculation that old whales might be reviving and putting pressure on the market. There are still significant short positions held in the options market. Despite this, long positions are also increasing, with volatility around 30%. Similarly, the dominance of call options is notable even in Tesla stocks, while the "buy the dip" strategy is gaining traction in the crypto market. As Bitcoin and Ethereum expire in July, prices are likely to retreat to their "maximum pain" levels. However, historical data suggests that the market generally tends to recover after options expire. Options on Deribit will expire at 11:00 PM Turkish Time, after which the market will seek new direction.
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 entered a natural correction period after the ATH. Having lost support in the $117,000 region, BTC is currently trading around $115,000. The CME gap around $114,000 has not yet closed, and we see the price moving in this direction. The broad range of $111,000-$114,000 represents a significant support area. Support found in this area could re-target the $118,000 region.Ethereum, on the other hand, is holding strong despite Bitcoin's decline and even gaining upward momentum. As mentioned earlier, ETH, which is trading within a broad resistance area, continues to trade in this region.Crypto NewsThe Central Bank of the Republic of Turkey lowered its policy rate from 46% to 43%.The European Central Bank left the rate unchanged (it was expected to remain unchanged).Bank of America announced that many banks are preparing to launch their stablecoins. MicroStrategy has updated its capital raising plan for Bitcoin acquisitions. The company has raised its previously announced $500 million fundraising target to $2 billion. With this increase, MicroStrategy is reportedly aiming to further expand its Bitcoin investments.The TON Foundation and Kingsway Capital are planning a $400 million capital raise for the Toncoin treasury.Tether printed $2 billion in USDT.Trump: I want interest rates lowered and the Fed building completed.CryptocurrenciesTop Gainers:SYRUP → Up 21.8% to $0.5877799ENA → Up 14.5% to $0.52252511EUL → Up 11.6% to $12.18B → Up 9.7% to $0.60461203AXL → Up 9.7% to $0.41296338Top Losers:M → Down 18.7% to $0.36242166PUMP → Down 15.1% to $0.00258837TKX → Down 10.5% to $9.63TEL → Down 6.5% to $0.00593213PENGU → Down 6.5% to $0.03746343.Fear Index:Bitcoin: 71 (Greed)Ethereum: 60 (Greed)Dominance:Bitcoin: 61.58% ▼ 0.38%Ethereum: 11.74% ▼ 0.11%Total Daily Net ETF InflowsBTC ETFs: $226.70 MillionETH ETFs: $231.20 MillionGlobal MarketsGlobal markets are balanced this morning. Price action remains limited due to the lack of significant new news. Tariff concerns eased, while the VIX index remained flat at 15.4. The MSCI World Index rose 0.2%, reaching a new high, closing higher for the seventh consecutive day, driven by a moderate rise in US and European stock markets. The US July composite PMI rose to 54.6, buoyed by strength in the services sector. The services index rose to 55.2, while the manufacturing PMI came in at 49.5, below expectations. Companies remain concerned about federal spending cuts and tariffs. Business confidence weakened in both sectors. Jobless claims fell short of expectations at 217,000, supporting the positive employment outlook.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.24 trillion market capitalization, $173.74 per share, up 1.73%.Microsoft (MSFT) → $3.8 trillion market capitalization, $510.88 per share, up 0.99%.Apple (AAPL) → $3.19 trillion market capitalization, $213.76 per share, down 0.18%. Amazon.com (AMZN) → $2.47 trillion market capitalization, $232.23 per share, increased 1.73%.Alphabet (GOOG) → $2.34 trillion market capitalization, $193.20 per share, increased 0.88%.Borsa IstanbulThe Central Bank of the Republic of Turkey (CBRT) cut its policy rate by 300 basis points to 43%, exceeding expectations. Overnight lending and borrowing rates were also reduced by the same amount. Following this move, the BIST-100 index rose 1%, and Turkey's CDS premium fell below 280 basis points. Domestically, the capacity utilization rate, real sector, and sectoral confidence indices will be released today. Moody's and Fitch's credit rating assessments will also be monitored. While the external climate remains calm, we expect the BIST to maintain its upward trend.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 400.25 TL, changed by 0.00%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 832.66 billion TL, price per share of 185.8 TL, increased by 1.75%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 586.74 billion TL, price per share of 139.6 TL, decreased by 0.07%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 444.29 billion TL, price per share of 173.6 TL, decreased by 0.91%.Turkish Airlines Inc. (THYAO) → Market capitalization of 408.48 billion TL, price per share of 294.50 TL, decreased by 0.51%.Precious Metals and Currency PricesGold: 4,372 TLSilver: 50.76 TLPlatinum: 1,834 TLDollar: 40.55 TLEuro: 47.65 TLWe look forward to bringing you the latest updates again tomorrow.
Cryptocurrency markets are poised to close the week in the red. The sharp sell-off in Bitcoin has severely weakened investors' risk appetite and wreaked havoc on leveraged trading. Galaxy Digital was one of the main actors in this sell-off.13,000 BTC transfer crashes the marketGalaxy Digital, run by Mike Novogratz, sent a total of 13,000 BTC to centralized exchanges in the last 24 hours. This transfer is estimated to be worth approximately $1.5 billion at current prices. According to blockchain analysis platform Lookonchain, the company withdrew $370 million worth of USDT from Binance, Bybit, and OKX, indicating that the transferred Bitcoins were being sold. This development follows a massive 40,000 BTC transfer that Galaxy Digital recently received from a whale wallet dating back to 2011. These BTCs, which had lain dormant for 14 years, have been reintroduced into the market and are now causing selling pressure. Bitcoin fell 3% due to these developments, falling to $115,200. Ethereum and XRP remained stable, while Solana (SOL) fell 3.3% to $177. The total cryptocurrency market capitalization decreased by 4.7%, falling to $3.84 trillion.Mass liquidations in leveraged positions: $522 millionThe outlook for liquidations is also bleak. A total of $522,042,272 worth of positions were liquidated in the last 24 hours. $382,102,784 of these liquidations came from long positions, while $139,939,456 came from short positions. In other words, approximately 73.2% of the liquidations occurred in long positions. Over the last 12 hours, $343,128,736 worth of positions were liquidated, 88.4% of which were long positions ($303,247,520 long, $39,881,236 short). Of the $58,272,040 liquidated in the last four hours, $37,129,752 involved long positions, while only $21,142,292 came from shorts. In the one-hour period, the total liquidation of $25,748,330 included $17,781,272 in long positions and $7,967,058 in short positions. Binance Takes the Biggest HitThe distribution of liquidations by exchange is also striking. The top 5 exchanges and their details are as follows:Binance: $118.7 million in total liquidations, 83.6% longBybit: $93.8 million, 91.02% longOKX: $66.9 million, 89.42% longGate: $26.6 million, 88.22% longHyperliquid: $19.3 million, 99.10% longThis data shows that excessively long positions on the largest exchanges are taking a heavy hit.Whale flight continuesOn-chain data shows that large investors (whales) are also gradually withdrawing from the market. The number of wallets holding 1,000 to 10,000 BTC fell from 2,037 to 1,982 in 10 days. This is a 2.7% decrease and the sharpest decline in the last six months.Furthermore, the increase in the amount of BTC sent to exchanges suggests that whales are opening the door to exit. The "exchange whale ratio" data rose from 0.50 on July 22nd to 0.52 on July 24th. This increase has generally resulted in selling pressure in the past.Despite all this devastation, the Bitcoin price is struggling to hold above $115,000. The decline in funding rates in perpetual transactions to neutral levels suggests that overheated leveraged structures are being cleared to some extent.
Cryptocurrency markets were ablaze with unusual on-chain activity on July 24th. A Bitcoin wallet, dormant for approximately 14.5 years and holding a total of 3,962 BTC, suddenly became active.Traces of a miner from 2009?In the transaction, first spotted by Whale Alert, approximately $468 million worth of BTC was removed from a long-dormant address. More intriguingly, the address's owner was not an ordinary investor but an early Bitcoin miner. An analysis by on-chain analyst Ai (@ai_9684xtpa) revealed that all of the BTC held by this address originated from Coinbase transactions (mining rewards). In other words, the coins were created from scratch, mined directly from the Bitcoin network's first blocks. They were obtained directly through block generation, not through any exchange or third-party transfer. According to analysts, these BTC are assumed to have been acquired between 2009 and 2010. Their estimated cost is only $0.32. This means the miner in question has currently generated a 370,000-fold return on their investment.The movement of large addresses can make investors nervous. Such transactions often have the potential to create "fud" (fear, uncertainty, doubt), that is, fear and uncertainty in the market. The movement of large amounts of BTC, in particular, can create selling expectations in some investors. However, in this case, the fact that the BTC were sent to another wallet rather than directly to an exchange suggests that there was no selling movement. One striking detail is that these 3,962 BTC were sent to another wallet rather than directly to a cryptocurrency exchange. This suggests that the action was not a direct sale, but rather a technical reason such as security, portfolio adjustment, or a cold wallet update. Simultaneous altcoin liquidations in the marketDuring this whale movement, a general selling pressure was also noticeable in the cryptocurrency market. Altcoins, in particular, experienced significant losses. Bitcoin, on the other hand, fell by a limited 0.6% to $117,868. According to market data, a total of $837 million worth of positions were liquidated in the last 24 hours. The largest losses were in long positions on Ethereum ($168 million) and XRP ($92.7 million). Analysts believe that liquidation of leveraged trades and profit-taking were behind this wave.It is currently known that the address in question only made one transfer and did not send BTC to any exchange. Therefore, it may be premature to expect a direct sell-off. However, such on-chain movements can cause temporary fluctuations in investor confidence in the market. Especially at a time when BTC is heading towards $120,000, such "whale movements" accelerate the market's pulse.
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 is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade in this area. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 area could be targeted.Ethereum has broken out of the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. Having surged sharply to the $3,800 region, ETH has entered the trend zone. A breakout of this zone could indicate significant upward movement for Ethereum. In the event of a pullback, the $3,500 level will act as support.Crypto News21Shares filed an amended S-1 form for the $DOGE ETF.21Shares has applied for a spot ETF for ONDO.US Treasury Secretary Bessent: Negotiations with the EU are progressing better than before.$MIU Coin has been listed on the XT Exchange.Goldman Sachs and BNY are preparing to announce the development of a system that allows institutional investors to purchase tokenized money market funds.Joe McCann reportedly plans to allocate $1 billion for Solana Treasury Co. amid a nearly 70% decline in liquid funds.Tesla neither sold nor bought Bitcoin in the second quarter.CryptocurrenciesTop Gainers:REKT → Up 13.9% to $0.65251379SYRUP → Up 12.6% to $0.48162868SAROS → Up 9.7% to $0.37939587TKX → Up 7.5% to $10.81M → Up 5.2% to $0.44668162Top Fallers:MOVE → Down 23.6% to $0.13945918PUMP → Down 19.9% to $0.00303355FLR → Down 19.1% to $0.02229203APT → Down 16.5% to $4.63GRASS → Down 16.5% to $0.92743664.Fear Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 61.92% ▲ 0.08%Ethereum: 11.49% ▲ 0.21%Total Daily Net ETF InflowsBTC ETFs: -$85.80 MillionETH ETFs: $332.20 MillionGlobal MarketsGlobal markets continue to find support from the US-Japan trade agreement. The US's initiation of similar talks with the European Union is positively impacting European stock markets. Asian stocks, US and European futures are trading higher this morning.Global markets closed strong yesterday thanks to positive news. Risk appetite remains high today. The VIX index fell 1.1 points to 15.4. This level is the lowest in five months and indicates a diminishing perception of short-term risk in the markets.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.17 trillion market capitalization, $170.78 per share, increased 2.25%.Microsoft (MSFT) → $3.76 trillion market capitalization, $505.87 per share, increased 0.12%.Apple (AAPL) → $3.2 trillion market capitalization, $214.15 per share, decreased 0.12%.Amazon (AMZN) → $2.42 trillion market capitalization, $228.29 per share, increased 0.36%.Alphabet (GOOG) → $2.32 trillion market capitalization, $191.51 per share, fell 0.31%.Borsa IstanbulMarkets are watching the Central Bank of the Republic of Turkey (CBRT) interest rate decision, which will be announced at 2:00 PM today. The CBRT, which held interest rates steady in June, is expected to cut the policy rate by 250 basis points today to 43.50%. Ahead of the decision, the BIST-100 index was trading flat around the 10,600 level. Despite intra-session fluctuations following the Special Consumption Tax (SCT) increase, the index is expected to close the day flat above 10,500.Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR) → $1.34 trillion market capitalization, $400.25 per share, increased 0.06%. Aselsan Electronics Industries (ASELS) → Market value of 821.26 billion TL, price per share of 185.4 TL, increased by 2.94%.Turkey Garanti Bank (GARAN) → Market value of 589.26 billion TL, price per share of 140.4 TL, increased by 0.07%.Koç Holding A.Ş. (KCHOL) → Market value of 432.62 billion TL, price per share of 171.0 TL, increased by 0.23%.Turkish Airlines Inc. (THYAO) → Market value of 406.41 billion TL, price per share of 294.75 TL, increased by 0.08%.Precious Metals and Currency PricesGold: 4,396 TLSilver: 50.85 TLPlatinum: 1,819 TLDollar: 40.46 TLEuro: 47.71 TLWe look forward to bringing you the latest updates again tomorrow.
Tesla's Bitcoin portfolio reached approximately $1.2 billion following a 30% surge in the cryptocurrency market in the second quarter. Thanks to new accounting standards, the electric vehicle manufacturer was able to reflect quarterly gains from these assets on its balance sheet for the first time. The company holds 11,509 BTC, making it the tenth-largest Bitcoin holder among publicly traded companies, according to BitcoinTreasuries.Net data.Bitcoin's rise from $83,000 on April 1st to approximately $118,000 today has directly impacted Tesla's balance sheet under new Financial Accounting Standards Board (FASB) regulations that took effect in the first quarter of 2025. This regulation now allows companies to report their digital assets at fair market value each quarter. Under previous rules, companies could only record their crypto assets at the lowest value reached during the holding period. Tesla Increases Profits to $1.2 Billion with Bitcoin RiseUS-based electric car manufacturer Tesla made headlines with its second-quarter report, released overnight. As of the second quarter, the company continued to hold 11,509 Bitcoin (BTC), bringing the total value of these assets to approximately $1.2 billion thanks to the rise in the cryptocurrency market. Bitcoin's nearly 30% appreciation between April and June 2025 also significantly improved the company's balance sheet. Tesla is the tenth-largest publicly traded company in this field. The Financial Accounting Standards Board (FASB), the independent body responsible for corporate financial reporting in the US, introduced new regulations, effective in the first quarter of 2025, allowing companies to report crypto assets based on market value. This regulation now allows companies to show crypto assets on their balance sheets at their current market price each quarter.Under the previous rule, crypto assets could only be recorded at the lowest value reached during the holding period. For example, even if a company bought Bitcoin at $90,000, dropped to $60,000, and then rose back to $110,000, it would still appear on the balance sheet at $60,000. This created a misleading picture for investors.The new regulation allows companies to report these fluctuations on a quarterly basis, more transparently reflecting the value gains of digital assets. This represents a significant advantage, especially for companies like Tesla, which holds large amounts of cryptocurrency.Financial results in line with expectationsTesla reported revenue of $22.5 billion in its second-quarter 2025 financial results. This figure is nearly in line with analysts' expectations of $22.3 billion, based on FactSet data. Earnings per share were also in line with expectations at $0.40. The company's financial data is showing a more stable outlook due to the new accounting rules. Tesla shares traded at $331.56, up 0.71 percent in after-market trading.
The U.S. Securities and Exchange Commission (SEC) approved the expedited conversion of Bitwise's 10-asset crypto index fund to an exchange-traded fund (ETF). However, in an unexpected move, the ETF's launch was halted following a regulatory decision made the same day. This sparked confusion and backlash among both investors and market analysts.According to the SEC's statement, the approved ETF will track the Bitwise Crypto Index. The index's current allocation includes major cryptocurrencies such as Bitcoin (78.72%), Ethereum (11.10%), and XRP (4.97%), as well as altcoins such as Solana, Cardano, Chainlink, SUI, Avalanche, Litecoin, and Polkadot. Crypto asset custody will be provided by Coinbase Custody, while cash management and administrative duties will be handled by BNY Mellon. According to SEC regulations, at least 85% of the fund must consist of cryptocurrencies currently approved for ETFs. Bitcoin and Ethereum are the leading assets that meet this requirement. The remaining 15% consists of coins that have not yet been approved for ETFs, such as XRP and Solana. The fund will rebalance monthly, adjusting its allocation based on index updates.The Bitwise ETF will operate similarly to traditional ETFs, as it is designed to issue and redeem shares in large blocks called "Creation Units."Unexpected hold: Launch suspendedDespite all these developments, the SEC issued a stay order halting the ETF's official launch. Based on the SEC's Rule 431(e), the fund's launch has been postponed indefinitely. As previously reported, this decision was similarly applied to Grayscale's large-cap crypto ETF. ETF Store President Nate Geraci, in a statement on social media platform X, called this decision "bizarre," stating that the SEC's initial approval and subsequent suspension of the launch created significant uncertainty for investors. "This delay clearly contradicts the approval given," Geraci said. "Products like Bitwise and Grayscale need to begin trading as soon as possible." According to Bloomberg ETF analyst James Seyffart, the SEC's sudden move may be part of a larger strategy. Seyffart suggested that the agency is attempting to delay the listing of such index funds on the exchange until its overall crypto ETF policy is clarified. Indeed, the SEC still hasn't finalized its decision on whether XRP, Solana, and similar assets are securities.The SEC's decision to curb ETFs hasn't halted the altcoin market. Over the past 30 days, Bitcoin's market dominance has declined from 65% to 60%, while altcoins like Ethereum, Dogecoin, XRP, and Cardano have seen some gains. The Bitwise ETF is currently only traded on the OTC (over-the-counter) market. However, if the SEC's decision is reversed, the fund could be listed on a national exchange, reaching a much broader investor base. This would create a new crypto investment vehicle for both individual and institutional investors.But for now, the situation remains this: While the Bitwise ETF has technically received approval, the launch has yet to be finalized.
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 is starting the new week within the accumulation zone. As highlighted in our previous newsletters, the $117,900 level remains a key threshold, with the price continuing to hover around this area. On the downside, $111,800 stands out as the major support level. If upward momentum gains strength, the trend resistance at $122,000 could come into play.Ethereum, on the other hand, has broken out of its short-term parallel channel and is now trading within the broader downtrend zone that has persisted since 2021. After a sharp rally toward the $3,800 region, ETH has moved into this zone. A breakout here could pave the way for a significant upward move. In the event of a retracement, the $3,500 level is expected to act as support.Crypto News• Cryptocurrency prediction market Polymarket considers launching its stablecoin.• Trump announces he's considering repealing capital gains tax.• US Treasury Secretary Bessent: The FED must lower interest rates now.• Trump: We need interest rate cuts now.• The FBI concluded its ınvestigation of Kraken's founder and returned seized devices.• Sharplink Gaming announced purchasing 79,949 $ETH last week.• Western Union CEO says the bank ıs considering offering stablecoin products to its customers in digital wallets.• Elon Musk's SpaceX company transferred $152 million in Bitcoin for the first time in three years.• $MIU coin listed on BitMart exchange.CryptocurrenciesTop Gainers:USELESS → Up 20.8% to $0.33583496PENGU → Up 20.1% to $0.04420484REKT → Up 18.1% to $0.71302933FLR → Up 16.2% to $0.02452084MOG → Up 14.5% to $0.00000174Top Losers:CFX → Down 12.8% to $0.18170283KET → Down 4.2% to $0.29333068JUP → Down 4.2% to $0.62018807KAITO → Down 3.3% to $1.62PI → Down 3.0% to $0.47386023Fear Index:Bitcoin: 73 (Greed)Ethereum: 62 (Greed)Dominance:Bitcoin: 60.82% ▼ 0.16%Ethereum: 11.58% ▲ 0.37%Total Daily Net ETF InflowsBTC ETFs: -$68.00 MillionETH ETFs: $533.80 MillionGlobal MarketsWe start the new day with reports that the U.S. has reached or initiated trade negotiations with several Asian countries. Notably, the agreement with Japan and the decision to lower automobile tariffs from 25% to 15% stand out. These developments fueled a gain of over 3% on the Tokyo Stock Exchange. Ongoing discussions with the Philippines, Indonesia, and China are also lending support to regional stock markets. Meanwhile, U.S. and European futures are trading in positive territory this morning.Optimism around trade agreements is boosting risk appetite across markets. Reflecting this sentiment, the VIX volatility index has declined to 16.5, hovering near its July average.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.08 trillion market capitalization, $167.03 per share, down 2.54%.Microsoft (MSFT) → $3.76 trillion market capitalization, $505.27 per share, down 0.94%.Apple (AAPL) → $3.2 trillion market capitalization, $214.40 per share, up 0.90%. Amazon (AMZN) → $2.41 trillion market capitalization, $227.47 per share, down 0.80%.Alphabet (GOOG) → $2.32 trillion market capitalization, $192.11 per share, up 0.50%.Borsa IstanbulYesterday, the Treasury issued $5.35 billion in one-year dollar-denominated government bonds and $463.6 million in lease certificates. This brought total borrowing in July to approximately 494 billion Turkish Lira. This month, 376.4 billion Turkish Lira was planned for domestic borrowing, compared to 316.6 billion Turkish Lira for domestic debt payments.The July Consumer Confidence Index will be released today. The index had increased in the last two months to 85.1, but it is still below its long-term average.The BIST-100 closed flat yesterday due to bank sales. Investors are reviewing their positions ahead of the Central Bank of the Republic of Turkey (CBRT) interest rate decision, scheduled for Thursday, and the Fitch and Moody's reports expected on Friday. Next week, the August 4th inflation data will be the focus. We expect the index to trend sideways today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 391.00 TL, decreased by 2.07%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 806.21 billion TL, price per share of 176.5 TL, decreased by 0.17%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 600.6 billion TL, price per share of 139.4 TL, decreased by 2.52%.Koç Holding A.Ş. (KCHOL) → Market capitalization: 438.2 billion TL, price per share: 173.0 TL, increased by 0.12%.Turkish Airlines Inc. (THYAO) → Market capitalization: 405.72 billion TL, price per share: 297.25 TL, increased by 1.11%.Precious Metals and Currency PricesGold: 4444 TLSilver: 51.05 TLPlatinum: 1880 TLDollar: 40.44 TLEuro: 47.47 TLWe look forward to bringing you the latest updates again tomorrow.
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 is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade in this area. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 area could be targeted.Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. Having surged sharply to the $3,800 region, ETH has entered the trend zone. A breakout of this zone could lead to significant gains for Ethereum. In the event of a pullback, the $3,500 level will act as support.Crypto News$MIU Coin was listed on the BitMart Exchange.Elon Musk's SpaceX company transferred $152 million worth of Bitcoin for the first time in three years.Spot Ethereum ($ETH) ETF trading volume exceeded $3.1 billion today.MicroStrategy Inc. - The strategy announced the IPO of 5 million STRC shares. The proceeds will be used for general corporate purposes, including purchasing Bitcoin.GameSquare added 8,351 ETH to its crypto treasury.Tron founder Justin Sun will travel to space on a Blue Origin rocket.Polymarket is acquiring an exchange to re-enter the US after the Department of Justice (DOJ) closed its investigation.Ethena announced a $260 million purchase of $ENA.BitGo filed confidentially for an IPO in the United States.Trump Media announced that its Bitcoin purchases have reached $2 billion.CryptocurrenciesTop Gainers:TKX → Up 27.7% to $10.12ZBCN → Up 10.6% to $0.00388996QNT → Up 9.6% to $130.64KAS → Up 7.9% to $0.11380462AIOZ → Up 7.1% to $0.45738223Top Losers:PUMP → Down 14.7% to $0.00369132CKB → Down 13.2% to $0.00542485MORPHO → Down 12.4% to $1.92BLUR → Down 11.9% to $0.10628191XTZ → Down 11.5% to $0.95667116.Fear Index:Bitcoin: 72 (Greed)Ethereum: 60 (Greed)Dominance:Bitcoin: 60.99% ▲ 0.71%Ethereum: 11.61% ▼ 1.44%Total Daily Net ETF InflowsBTC ETFs: -$131.40 MillionETH ETFs: $296.50 MillionGlobal MarketsGlobal risk appetite is balanced. The Japanese elections concluded uneventfully but without uncertainty. While political pressure on Fed Chair Powell continues, the market impact is limited at this stage.The VIX index rose slightly to 16.7 yesterday but remained around the July average, signaling continued cautious optimism.The US leading indicator index fell 0.3% to 98.8 in June. While the stock market rose, weakening consumer confidence and orders offset this effect. While concerns about tariffs have negatively impacted confidence since the beginning of the year, a partial recovery has been observed recently.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.18 trillion market capitalization, $171.38 per share, down 0.60%.Microsoft (MSFT) → $3.79 trillion market capitalization, $510.06 per share, unchanged (0.00%).Apple (AAPL) → $3.17 trillion market capitalization, $212.48 per share, up 0.62%. Amazon (AMZN) → $2.43 trillion market capitalization, $229.30 per share, increased by 1.40%.Alphabet (GOOG) → $2.31 trillion market capitalization, $191.15 per share, increased by 2.80%.Borsa IstanbulThe Central Bank of the Republic of Turkey (CBRT)'s July Market Participants Survey has been released. Year-end inflation expectations fell to 29.7%. The 2026 forecast remained unchanged at 20.4%. Long-term expectations remain above the CBRT's target range. The interest rate cut is expected to begin this month and continue in 250 basis point increments at each meeting for the rest of the year.The Treasury issued 23.8 billion TL worth of lease certificates with a 5-year maturity yesterday. Today, dollar-denominated bonds and lease certificates will be sold. The BIST-100 continued its upward trend, closing at its highest level since March 18th. The index is 6% below last year's peak. While bond yields have eased, they are still 100 basis points above early July levels. The CDS premium has fallen to 285 basis points. BIST is expected to continue its buying trend today. Second-quarter earnings and the August 4th CPI data will be closely watched later this week.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 439.00 TL, increased by 9.96%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 806.21 billion TL, price per share of 176.3 TL, decreased by 0.28%. Türkiye Garanti Bankası (GARAN) → 600.6 billion TL market capitalization, 142.1 TL per share price, decreased by 0.63%.Koç Holding A.Ş. (KCHOL) → Market capitalization: 438.2 billion TL, price per share: 172.0 TL, decreased by 0.46%.Turkish Airlines Inc. (THYAO) → Market capitalization: 405.72 billion TL, price per share: 297.50 TL, increased by 1.19%.Precious Metals and Currency PricesGold: 4396 TLSilver: 50.66 TLPlatinum: 1889 TLDollar: 40.40 TLEuro: 47.25 TLWe look forward to bringing you the latest updates again tomorrow.
Elon Musk's space company, SpaceX, has activated its Bitcoin wallet for the first time in three years. On-chain data revealed that the company transferred 1,308 BTC (approximately $152 million) to an unknown wallet. This sparked significant curiosity in the crypto market.First Bitcoin Move in Three YearsAccording to data shared by blockchain analysis platform Arkham, the transaction in question occurred on the morning of July 22nd. This transfer from SpaceX's Bitcoin wallet was the first recorded transaction since June 2022. At the time, the company transferred 3,505 BTC directly to Coinbase. Now, it's noteworthy that the new transaction sent the BTC to an anonymous wallet rather than another exchange. This is interpreted as an internal reorganization for security reasons rather than a sales purpose. The possibility of an update to the cold storage architecture or a more secure relocation of funds is emerging. SpaceX still has 6,977 BTC in its wallet. At current prices, these assets are worth approximately $815 million, indicating that the company has largely preserved its Bitcoin holdings.According to previous reports from Arkham, Tesla and SpaceX hold a combined $2 billion in Bitcoin. Both companies purchased BTC at an average price of $32,000. Based on current prices, they are estimated to have generated approximately $1.5 billion in unrealized profits.While Tesla's Bitcoin reserves have been publicly available since 2021, SpaceX's crypto assets have remained largely silent. However, these wallet movements reveal how large companies manage their crypto investments behind the scenes and are able to quietly reap substantial profits.Whales take action, BTC suffers a slight pullbackAround the same time as SpaceX's move, another major surge in crypto activity occurred in the crypto market. As you may recall, on July 17th, Bitcoin whales sent a staggering 61,000 BTC to exchanges. This was the largest daily inflow in a year and caused a 4% drop in Bitcoin's price. BTC fell from $123,000 to $117,000.According to CryptoQuant data, the total value of BTC inflows to exchanges between July 14 and 18 rose from $28 billion to $45 billion. Such sudden inflows are considered classic sell signals, often seen at market peaks.However, daily inflow volumes have now declined. If this trend continues, selling pressure in the market may ease and Bitcoin could rebound.Whether Tesla sells in the coming period will be determined by on-chain data.
US-based banking giant JPMorgan Chase is considering offering its customers the option to lend using crypto assets like Bitcoin and Ethereum as collateral by 2026. This development, reported by the Financial Times, signals a "U-turn" in the traditional financial world's stance on cryptocurrencies. This new direction by JPMorgan CEO Jamie Dimon, who previously labeled Bitcoin a "scam," suggests the bank is now adopting a more pragmatic approach to crypto assets.JPMorgan changes course as institutional demand growsJPMorgan's move comes at a time of growing institutional interest in cryptocurrencies. Major asset managers like BlackRock and Fidelity are entering the market with Bitcoin spot ETF products, while JPMorgan is also heeding the growing demand from its clients. The bank is reportedly aiming for a deeper involvement, offering loans directly through crypto assets rather than just ETF-based products.Jamie Dimon has been known for his strong opposition to Bitcoin in the past. In 2017, he threatened to fire employees who traded in Bitcoin. However, because these pronouncements were losing customers to the bank, Dimon adopted a softer tone in his recent statements. In May, he stated that he respected individual choices, saying, "I recommend you not smoke, but I will defend your right to smoke. I will also defend the right of anyone who wants to buy Bitcoin."Regulations are easing, banks are warming up to the sector.This move also reflects the changing regulatory climate in the US. The "GENIUS Act," signed into law last week by President Donald Trump, provides a clear federal framework for stablecoin issuers. The new regulation requires stablecoins to be fully backed by liquid assets like the US dollar and mandates annual audits for issuers with a market capitalization exceeding $50 billion. It is rumored that JPMorgan is also considering entering the stablecoin sector in this environment.The White House's crypto policy report, expected to be released on July 22, also signals a more "friendly" stance towards the sector. The Trump administration's shift toward lighter regulations compared to its predecessor, Biden, is also positively impacting the approach of major banks to crypto.JPMorgan's crypto-collateralized loan plan hasn't been finalized yet, but it's clear the bank is taking serious steps in this direction. If it materializes, JPMorgan clients will be able to secure loans from the traditional financial system using assets like Bitcoin and Ethereum as collateral.This strategic shift by JPMorgan, led by Jamie Dimon, demonstrates that cryptocurrencies, once marginalized, are now moving into the center of the financial world.
