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. Our ATH target in previous newsletters has been achieved. After breaking through the $123,100 region, it can be expected to reach the $127,000 area. In case of pullbacks, the $117,000 area will be closely monitored.
Ethereum, on the other hand, has broken its downward trend from 2021, which we mentioned in previous newsletters. ETH's short-term potential has increased significantly after this breakout. The $4540 support and $4770 resistance levels are areas to be closely monitored.
Crypto News
- Coinbase acquired Deribit, as expected.
- Google acquired an 8% stake in Bitcoin miner TeraWulf in a $3.7 billion deal.
- Trump: I think Putin will make peace.
- Citigroup is exploring custody and settlement services for stablecoins and crypto ETFs.
- The Trump administration will reportedly discuss US acquisition of stock in Intel.
- Treasury Secretary Bessent said the US government is exploring ways to "acquire more Bitcoin to expand the reserve."
- The SEC postponed its decision on the Bitwise Spot Solana ETF.
Cryptocurrencies
Top Gainers:
- SKL → Up 13.3% to $0.04560092
- HASH → Up 6.9% to $0.02878751
- ZBCN → Up 6.6% to $0.00502393
- AERO → Up 6.1% to $1.42
- M → Up 3.6% to $0.43615755
Top Losers:
- POPCAT → Down 11.0% to $0.30693777
- CFX → Down 9.9% to $0.1807279
- SUPER → Down 9.3% to $0.73215213
- KAITO → Down 9.3% to $1.09
- MOG → Down 9.2% to $0.00000125.
Fear Index:
- Bitcoin: 67 (Greed)
- Ethereum: 59 (Greed)
Dominance:
- Bitcoin: 59.44% ▼ 0.29%
- Ethereum: 14.03% ▲ 0.95%
Total Daily Net ETF Inflows
- BTC ETFs: $230.80 Million
- ETH ETFs: $639.60 Million
Global Markets and Stocks of the Most Valuable Companies
The US PPI rose 0.9% month-over-month for July, well above expectations (0.2%), and reached 3.3% year-over-year, the highest level since February 2025. Despite the data increasing inflationary pressures, markets continue to price in a Fed interest rate cut on September 17. Expectations for the Trump-Putin summit are also supporting global stock markets. US and European futures, as well as Asian stock markets, are trading higher this morning. While dollar and bond yields rose after the PPI, the VIX remained low at 14.83, indicating that risk appetite remains intact.
- NVIDIA (NVDA) → Market capitalization of $4.44 trillion, price per share of $182.02, increased by 0.24%.
- Microsoft (MSFT) → Market capitalization of $3.88 trillion, price per share of $522.48, increased by 0.36%.
- Apple (AAPL) → Market capitalization of $3.45 trillion, price per share of $232.78, decreased by 0.24%.
- Amazon.com (AMZN) → Market capitalization of $2.46 trillion, price per share of $230.98, increased by 2.86%.
- Alphabet (GOOG) → $2.46 trillion market capitalization, $203.82 per share, increased by 0.39%.
Borsa Istanbul Updates and Most Valuable Companies
In its third Inflation Report of the year, the Central Bank of the Republic of Turkey (CBRT) separated forecasts from "interim targets." Forecasts are subject to change as data becomes available, while interim targets will remain fixed unless an extraordinary situation arises. Today, the CBRT Market Participants Survey, budget balance, service and construction production indices, and private sector external debt data will be released. Following the US PPI's higher-than-expected performance, the BIST 100 fell 1.1% yesterday, led by major stocks and banks. A slight sell-off is expected today.
- QNB Finansbank (QNBTR) → $2.39 trillion market capitalization, $714.50 per share, decreased by 9.96%.
- Aselsan Electronics Industries (ASELS) → Market capitalization of 775.20 billion TL, price per share of 170.70 TL, increased by 0.41%.
- Turkey Garanti Bank (GARAN) → Market capitalization of 607.32 billion TL, price per share of 144.10 TL, decreased by 0.35%.
- Koç Holding (KCHOL) → Market capitalization of 450.38 billion TL, price per share of 177.80 TL, increased by 0.11%.
- Turkish Airlines (THYAO) → Market capitalization of 449.88 billion TL, price per share of 326.25 TL, increased by 0.08%.
Precious Metals and Currency Prices
- Gold: 4392 TL
- Silver: 50.29 TL
- Platinum: 1778 TL
- Dollar: 40.86 TL
- Euro: 47.72 TL
We look forward to bringing you the latest updates again tomorrow.
