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
As it did yesterday, Bitcoin continued its decline after the ATH, falling to the $115,000 region. We can say it found short-term support in this region, but in a downward breakout scenario from the $114,000-$115,000 area, the $111,800 level and then the $107,300 support level are potential reversal levels. It's worth noting that the $117,300 area is the target area after a recovery.
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 area during the initial price reversal.
Crypto News
- South Korea's financial regulator will submit its stablecoin regulatory proposal in October.
- BitMine announced last week that it purchased more than 370,000 ETH ($1.6 billion), bringing its total ETH holdings to 1,520,000 ($6.5 billion).
- Microstrategy purchased 430 BTC.
- The SEC postponed applications for the Truth Spot Bitcoin and Ethereum ETFs.
- The Trump administration is in talks to acquire a 10% stake in Intel.
- The U.S. Treasury Department has begun collecting public input on the GENIUS Act, which is intended to detect illicit digital asset activity.
Cryptocurrencies
Top Gainers
- BIO → Up 10.0% to $0.13612067
- OKB → Up 9.1% to $125.47
- WEMIX → Up 9.1% to $0.87168974
- TRIBE → Up 8.5% to $0.66552645
- AB → Up 8.0% to $0.00960592
Top Losers
- USELESS → Down 12.8% to $0.25979181
- M → Down 11.3% to $0.37503649
- PUMP → Down 11.0% to $0.00282301
- HNT → Down 6.6% to $2.51
- KTA → Down 6.5% to $1.23.
Fear Index
- Bitcoin: 59 (Greed)
- Ethereum: 46 (Neutral)
Dominance
- Bitcoin: 59.88% ▲ 0.21%
- Ethereum: 13.33% ▼ 0.83%
Total Daily Net ETF Inflows
- BTC ETFs: -$14.10 Million
- ETH ETFs: -$59.30 Million
Global Markets and Stocks of the Most Valuable Companies
Global markets are monitoring the ongoing peace talks regarding the Russia-Ukraine war. While no concrete steps have been taken, there is talk of a Putin-Zelenski meeting within two weeks. Following yesterday's Trump-Zelenski-EU leaders meeting, Trump stated that the talks with European leaders were positive and that preparations for a trilateral summit have begun. Putin's advisor, however, stated that only the idea of a summit is being considered. Global stock markets are trading mixed this morning; US futures are slightly down, while European futures are slightly up. July housing starts and building permits data will be released in the US today.
- NVIDIA (NVDA) → $4.44 trillion market capitalization, $182.01 per share, up 0.86%.
- Microsoft (MSFT) → $3.84 trillion market capitalization, $517.10 per share, down 0.59%.
- Apple (AAPL) → $3.43 trillion market capitalization, $230.89 per share, down 0.30%.
- Amazon.com (AMZN) → $2.47 trillion market capitalization, $231.49 per share, up 0.20%.
- Alphabet (GOOG) → $2.47 trillion market capitalization, $204.29 per share, down 0.30%.
Borsa Istanbul Updates and the Most Valuable Companies
The domestic housing price index increased by 0.9% month-on-month in July, reaching a 32.8% annual increase, while declining by 0.5% in real terms. Prices rose by 0.6% in Istanbul, 1.2% in Ankara, and 1% in Izmir. Annual increases were 33.5%, 42.9%, and 31%, respectively. The Bloomberg HT Consumer Confidence Preliminary Index rose by 2.36% in August to 71.71. While buying in stocks that had lagged in previous weeks was evident yesterday on the BIST, profit-taking continued in bank stocks, and the index closed slightly higher but below the 11,000 level. A flat trend is expected on the BIST today.
- QNB Finansbank (QNBTR) → 2.39 trillion TL market capitalization, 714.50 TL per share, fell by 9.96%.
- Aselsan Electronics Industries (ASELS) → Market value of 782.95 billion TL, price per share of 170.30 TL, decreased by 0.82%.
- Türkiye Garanti Bankası (GARAN) → Market value of 592.20 billion TL, price per share of 142.10 TL, increased by 0.78%.
- Turkish Airlines (THYAO) → Market value of 460.92 billion TL, price per share of 333.25 TL, decreased by 0.22%.
- Koç Holding (KCHOL) → Market value of 455.19 billion TL, price per share of 180.90 TL, increased by 0.78%.
Precious Metals and Currency Prices
- Gold: 4384 TL
- Silver: 49.97 TL
- Platinum: 1761 TL
- Dollar: 40.89 TL
- Euro: 47.72 TL
We look forward to bringing you the latest updates again tomorrow.
