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 and Ethereum Technical Overview
Bitcoin continues its volatile rise. Having reached the $122,000 region, BTC will target a new ATH as long as it remains above the $121,300 support. After breaking through the $123,100 region, it can be expected to reach the $127,000 area. In the event of a pullback, the $117,000 region will be closely monitored.
Ethereum, on the other hand, has broken its downward trend from 2021, which we mentioned in our previous newsletters. ETH's short-term potential has increased significantly following this breakout. The $4140 support and $4370 resistance are areas to be closely monitored.
Crypto News
- El Salvador plans to open the world's first Bitcoin bank. • Donald Trump: I'm working to end the Russia-Ukraine war.
- Harvard invested $120 million in BlackRock's Bitcoin ETF.
- Eric Trump: It makes me happy to see ETH short positions shattered today. Stop taking positions against BTC and ETH, or you'll get crushed.
- World Liberty plans to raise $1.5 billion by listing on the Nasdaq exchange. The plan closely mirrors MicroStrategy's "crypto treasury" model and positions the new organization as a digital asset vault for investors.
- The LayerZero Foundation has offered to acquire Stargate.
Cryptocurrencies
Top Gainers:
- ZORA → Up 42.5% to $0.1343976
- ZRO → Up 26.7% to $2.44
- LDO → Up 16.4% to $1.48
- PUMP → Up 13.5% to $0.00357332
- VSN → Up 12.0% to $0.21711043
Top Losers:
- PROVE → Down 5.8% to $1.43
- FARTCOIN → Down 4.2% to $1.02
- ZBCN → Down 4.1% to $0.00501127
- 1INCH → Down 2.3% to $0.27679996
- DEXE → Down 2.2% to $7.86
Fear Index:
- Bitcoin: 69 (Greed)
- Ethereum: 52 (Neutral)
Dominance:
- Bitcoin: 60.68% ▲ 0.32%
- Ethereum: 13.02% ▼ 0.42%
Total Daily Net ETF Inflows
- BTC ETFs: $403.90 Million
- ETH ETFs: $461.00 Million
Global Markets and the Most Valuable Companies and Stock Prices
Global markets started the week on a positive note. Trump and Putin are expected to meet in Alaska on Friday. Declining global risks, rising expectations for a Fed interest rate cut, improved earnings, and progress in trade talks are supporting the markets.
The VIX index fell 5.2 points last week to 15.15, indicating a strengthening risk appetite. According to FAO data, global food prices increased by 1.6% in July. Meat and vegetable oil prices were the primary drivers of this increase. The index is 7.6% higher than the same month last year and 18.8% below its 2022 peak.
The most important international data of the week will be the US CPI data, to be released tomorrow. Inflation continues to rise gradually.
- NVIDIA (NVDA) → $4.46 trillion market capitalization, $182.70 per share, increased by 1.07%.
- Microsoft (MSFT) → $3.88 trillion market capitalization, $522.04 per share, increased by 0.23%.
- Apple (AAPL) → $3.4 trillion market capitalization, $229.35 per share, increased by 4.24%.
- Alphabet (GOOG) → $2.44 trillion market capitalization, $202.09 per share, rose 2.44%.
- Amazon.com (AMZN) → $2.37 trillion market capitalization, $222.69 per share, fell 0.20%.
Borsa Istanbul Updates and Most Valuable Companies
Today, TÜİK (Turkish Statistical Institute) will release June industrial production and construction cost data. Previous month, industrial production increased by 3.1% month-on-month and 4.9% year-on-year. Preliminary June data indicates a continued slowdown in manufacturing.
The Treasury will sell 2-year bonds today and 10-month bonds and 2-year lease certificates tomorrow.
The BIST 100 rose 0.15% on Friday. Corporate balance sheets will be busy this week. The Central Bank of the Republic of Turkey (CBRT) Inflation Report will be closely watched on Thursday. Developments regarding the Trump-Putin meeting will be closely monitored abroad. The BIST 100 is expected to be slightly bullish today.
- QNB Finansbank (QNBTR) → Market capitalization of 1.01 trillion TL, price per share of 290.25 TL, decreased by 0.86%.
- Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 661.69 billion TL, price per share of 142.00 TL, decreased by 0.35%.
- Turkish Airlines (THYAO) → Market capitalization of 622.58 billion TL, price per share of 42.08 TL, decreased by 0.81%.
- Tüpraş Türkiye Petrol Rafinerileri (TUPRS) → Market capitalization of 610.29 billion TL, price per share of 698.50 TL, increased by 0.93%.
- Koç Holding (KCHOL) → Market capitalization of 594.71 billion TL, price per share of 132.10 TL, increased by 0.38%.
Precious Metals and Currency Prices
- Gold: 4419 TL
- Silver: 49.84 TL
- Platinum: 1738 TL
- Dollar: 40.75 TL
- Euro: 47.59 TL
We look forward to bringing you the latest updates again tomorrow.
