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
With the start of the new week, Bitcoin extended its decline following the ATH, falling into the $115,000 region. This area appears to be providing short-term support, but in the event of a downward breakout from the $114,000–$115,000 range, the $111,800 and subsequently the $107,300 levels stand out as potential reversal points. On the upside, a recovery could see the price targeting the $117,300 region.
On the Ethereum side, we see that after a breathless rise to the $4,800 region, it is undergoing a natural pullback. The $4,250, $4,180, and $4,070 levels serve as sequential support points. The price will target the $4,400 region upon its first reversal.
Crypto News
- South Korea's financial regulator will submit its stablecoin regulatory proposal in October.
- Grayscale has filed for a DOGE ETF.
- Bitwise has filed an updated S-1 form for the DOGECOIN ETF.
- Trump: Stock markets are at record highs.
- Bitwise files updated S-1 for Aptos ETF
- SEC Chairman Paul Atkins said the SEC is mobilizing all departments to make the US the world's crypto capital
Cryptocurrencies
Top Gainers
- BIO → Up 21.5% to $0.12345658
- XMR → Up 4.0% to $275.02
- B → Up 2.2% to $0.56136309
- LINK → Up 2.2% to $24.81
- USDY → Up 1.6% to $1.08
Top Losers
- USELESS → Down 12.4% to $0.29903607
- PUMP → Down 9.8% to $0.0031675
- LPT → Down 9.6% to $6.38
- RAY → Down 9.2% to $3.34.
- MNT → Down 9.0% to $1.24.
Fear Index
- Bitcoin: 61 (Greed)
- Ethereum: 50 (Neutral)
Dominance
- Bitcoin: 59.62% ▲ 0.35%
- Ethereum: 13.58% ▼ 1.06%
Total Daily Net ETF Inflows
- BTC ETFs: -$14.10 Million
- ETH ERFs: -$59.30 Million
Global Markets and Stocks of the Most Valuable Companies
Although the Trump-Putin summit did not produce a lasting peace, talks continue. Zelenskyy and European leaders are expected to meet in Washington today. Global markets started the week optimistically, watching these developments and the expected Fed rate cut in September. The dollar index and Brent crude oil prices continue to decline. This week, data flow is weak, with attention focused on the Zelensky-EU meeting and Powell's speech in Jackson Hole.
- NVIDIA (NVDA) → $4.4 trillion market capitalization, $180.45 per share, down 0.86%.
- Microsoft (MSFT) → $3.87 trillion market capitalization, $520.17 per share, down 0.44%.
- Apple (AAPL) → $3.44 trillion market capitalization, $231.59 per share, down 0.51%.
- Alphabet (GOOG) → $2.47 trillion market capitalization, $204.91 per share, up 0.53%.
- Amazon.com (AMZN) → $2.46 trillion market capitalization, $231.03 per share, up 0.02%.
Borsa Istanbul Updates and Most Valuable Companies
Inflation expectations for the end of 2025 and 2026 remained unchanged at 29.7% and 20.4%, respectively, in the Central Bank of the Republic of Turkey (CBRT) Market Participants Survey. Long-term expectations also remained stable. The consensus view is that the expectation for a 300 basis point interest rate cut in September has increased. Smaller reductions are expected in October and December. The budget posted a deficit of 23.9 billion TL in July, lower than the same month last year. The budget deficit exceeded 1 trillion TL in the first seven months of the year. This week, the housing price index and consumer confidence are the main drivers. The BIST100 started the week with a slight gain.
- QNB Finansbank (QNBTR) → Market capitalization of 2.39 trillion TL, price per share of 714.50 TL, decreased by 9.96%.
- Aselsan Elektronik Sanayi (ASELS) → Market value of 777.02 billion TL, price per share of 168.00 TL, decreased by 1.41%.
- Türkiye Garanti Bankası (GARAN) → Market value of 600.18 billion TL, price per share of 142.10 TL, decreased by 0.56%.
- Turkish Airlines (THYAO) → Market value of 456.78 billion TL, price per share of 332.00 TL, increased by 0.30%.
- Koç Holding (KCHOL) → Market value of 451.64 billion TL, price per share of 179.30 TL, increased by 0.67%.
Precious Metals and Currency Prices
- Gold: 4395 TL
- Silver: 50.03 TL
- Platinum: 1757 TL
- Dollar: 40.89 TL
- Euro: 47.89 TL
We look forward to bringing you the latest updates again tomorrow.
