You can find today’s edition of “Daily Market with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the overall market conditions together and review the latest assessments.
Bitcoin had previously fallen to $101,150 after losing the $104,977 support during its decline from the rising trend. However, strong buying from the $101,059–$100,063 range allowed a rebound, and BTC broke upward from the short-term descending channel. Currently trading around $109,200, this breakout has shifted its technical outlook back into positive territory.
In the days ahead, the $109,588 resistance is critical. If this level is surpassed, targets may extend first to the all-time high of $111,980 and then to $114,500. On the downside, $106,794 and $104,977 have now become strong support levels. Maintaining these supports is important for keeping the BTC outlook positive.
Ethereum similarly broke upward out of its descending channel. Having declined from $2,838 down to the $2,385 support, ETH bounced strongly and is now trading around $2,670.
For the bullish momentum to continue, ETH needs to break above the $2,711 resistance. If it stays above this level, the next targets could be $2,838 and $3,004. On the downside, the $2,385 support continues to be watched closely—breaking below it could deepen the decline.
Crypto News
- Hassett: The U.S. will lift export controls if talks progress positively.
- Strategy announced it purchased 1,045 BTC.
- South Korea’s new president is preparing to propose legislation this week to allow major banks to adopt Bitcoin and other cryptocurrencies.
- Trump approved U.S. Treasury Secretary Bessent increasing technology export controls and is encouraging negotiators to consider lifting export controls in China talks.
- CBOE submitted a proposal to allow staking in the Invesco Galaxy Ethereum ETF.
- Canary Marinade registered a Solana ETF in Delaware.
- U.S. Commerce Secretary Lutnick: U.S.–China talks were productive.
- Trump: “I didn’t think about calling Musk. I wouldn’t have a problem talking to him. I think Musk will want to talk to me.”
Top Crypto Movers
Gainers:
- AXL → +86.4% to $0.60299
- MOG → +28.7% to $0.00000109
- AIOZ → +23.2% to $0.40169
- NEIRO → +19.7% to $0.0004936
- FARTCOIN → +17.3% to $1.25
Losers:
- KTA → –25.0% to $1.26
- ZBCN → –9.5% to $0.00412637
- KET → –5.1% to $0.50306524
- LEO → –3.6% to $8.82
- BDX → –2.5% to $0.06147175
Fear Index
- Bitcoin: 66
- Ethereum: 53
Dominance
- Bitcoin: 64.49% ▼ 0.23%
- Ethereum: 9.62% ▲ 0.81%
Daily Net ETF Flows
- BTC ETFs: +$386.20 million
- ETH ETFs: +$52.70 million
Global Markets
On the first trading day of the week, U.S. markets closed with limited gains: S&P 500 +0.1%, Nasdaq +0.3%, Dow Jones flat. Tesla (+4.5%) lifted the S&P Consumer Discretionary Index, making it the best-standing sector. Insurer stock sell-offs dragged the Financials Index –0.5%, the worst-performing sector. U.S. and EU futures remained flat.
Investors are focused on President Trump’s speech scheduled for 23:00 TRT and GameStop’s Q2 earnings after market close.
S&P 500 technical levels: support at 5,962; resistance at 6,134. If it breaks down, next support is 5,872; if up, next resistance 6,164.
Markets also watch London U.S.–China trade talks. Futures show modest gains; VIX ended +0.4 to 17.2.
China posted weak export data: May exports rose only 4.8% YoY to $316.1 billion (vs. 6.0% expected). Exports to the U.S. fell 35%, the steepest drop in five years. Exports to other markets rose 11%; imports declined 3.4%. The U.S. trade surplus with China shrank 41.6% to $18 billion.
The second round of U.S.–China trade talks resumed in London yesterday and is closely monitored.
Top Cap Companies & Stock Prices
- Microsoft (MSFT): $3.51T market cap, $472.75/share, +0.50%
- NVIDIA (NVDA): $3.48T market cap, $142.63/share, +0.64%
- Apple (AAPL): $3.01T market cap, $201.45/share, –1.21%
- Amazon (AMZN): $2.30T market cap, $216.98/share, +1.60%
- Alphabet (GOOG): $2.15T market cap, $177.63/share, +1.55%
Borsa İstanbul
In Istanbul, inflation came in below market expectations in May, strengthening the chance of a rate cut at the June 19 MPC meeting, boosting investor appetite and foreign inflows. Yet macro and external risks may limit the BIST 100’s ability to break the 9,800–10,000 resistance band.
Today, Turkey will release May Treasury cash balances and hold auctions for 9-month bills, 4-year fixed-rate, and 7-year floating rate bonds.
The BIST, closed for the past 2½ trading days, now sees recent gains abroad. This week’s key events for both global and local markets are the London U.S.–China negotiations, followed by the Fed’s June 18 rate decision and central bank meeting on June 19, both potentially increasing volatility. A positive BIST open and follow-through momentum are expected today.
BIST 100 technical outlook: The index bounced from a dip to 9,422 and closed at 9,487, supported by strong support around 9,148–8,965. As long as it holds above this, the 9,475–9,500 zone remains a near-term target. Closing above 9,500 could trigger a new optimism wave, pushing toward 9,740–9,770.
Top Borsa İstanbul Companies by Market Cap
- QNB Finansbank (QNBTR): ₺873.51 billion market cap, ₺261.00/share, +0.10%
- Aselsan (ASELS): ₺636.12 billion market cap, ₺138.00/share, –1.08%
- Garanti Bank (GARAN): ₺487.62 billion market cap, ₺119.60/share, +3.01%
- Turkish Airlines (THYAO): ₺395.37 billion market cap, ₺291.50/share, +1.75%
- Koç Holding (KCHOL): ₺376.58 billion market cap, ₺150.90/share, +1.62%
Precious Metals & FX Rates
- Gold: ₺4,177
- Silver: ₺46.07
- Platinum: ₺1,532
- USD: ₺39.29
- EUR: ₺44.82
See you tomorrow with today’s updates!
