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 tested the $108,860 level over the weekend with strong volume, marking a notable move contrary to the downward trend observed in recent weeks. This zone represents the intersection of both descending trendline resistance and horizontal resistance. Should the trend continue, BTC will encounter support in the $106,600–$107,200 range. A daily close above $108,800 could pave the way toward a new all-time high (ATH). Conversely, if the $106,600 support level is breached, attention will shift to the $104,900 level as the next key area.
Ethereum also saw a notable rally over the weekend. After breaking above the $2,465 resistance with strong volume, ETH extended its move to the $2,525 resistance level. However, this area has acted as a barrier, with multiple rejections observed over the past week. A decisive breakout above $2,525 could open the path to the $2,600 level. In the event of a pullback, $2,465 is expected to act as strong support. If this level fails to hold, the $2,370–$2,400 zone will be closely monitored.
Crypto News
- The SEC has delayed staking for the BITWISE Spot ETH ETF.The EU will accept Trump's universal customs duty but will demand some important exemptions.The White House announced that Trump sent a handwritten note to Fed Chairman Powell asking him to lower interest rates.Goldman Sachs moved the Fed's interest rate cut from December to September.REX‑OSPREY’s staking‑enabled Solana ETF will begin trading on Wednesday, the CEO announced.Advent purchased $1 billion worth of shares from LayerZero (#ZRO) to support the expansion of artificial intelligence data centers.U.S. Treasury Secretary Bessent: The stablecoin law will be ready by mid‑July. This will also increase demand for U.S. Treasury bonds.Robinhood EU will launch tokenized stocks, including private equity such as $OPAI.Strategy purchased 4,980 BTC.Metaplanet purchased 1,005 Bitcoin and issued $208 million in bonds to purchase more BTC.
Cryptocurrencies
Top Gainers:
- TNQ → Increased by 28.1% to $1.85.
- PLUME → Increased by 12.6% to $0.09251397.
- BCH → Increased by 5.6% to $525.97.
- SUN → Increased by 4.1% to $0.01712809.
- TEL → Increased by 2.1% to $0.0040765.
Top Losers:
- BSV → Declined by 21.3% to $24.30.
- KTA → Declined by 20.8% to $0.58079237.
- GRASS → Declined by 15.3% to $0.98806251.
- TKX → Declined by 13.2% to $23.97.
- ARB → Declined by 12.6% to $0.32513715.
Fear Index:Bitcoin: 65 (Greed)Ethereum: 56 (Greed)
Dominance:Bitcoin: 65.33% ▲ 0.17%Ethereum: 9.13% ▼ 0.56%
Daily Total Net ETF Inflows:BTC ETFs: $102.10 millionETH ETFs: $31.80 million
Today's Key Data Points:• 4:30 PM – Fed Chair Powell's Speech• 4:45 PM – Manufacturing Purchasing Managers' Index (PMI) (June) Expectation: 52.0 | Previous: 52.0• 5:00 PM – ISM Manufacturing Purchasing Managers' Index (PMI) (June) Expectation: 48.8 | Previous: 48.5• 5:00 PM – Job Openings and Labor Turnover Survey (JOLTS) (May) Expectation: 7.320 M | Previous: 7.391 M
Global Markets
In global markets, the U.S.’s conciliatory stance on tariffs and tax‑cut plans are supporting stock markets, while risk appetite remains balanced. Statements regarding interest rate cuts have boosted expectations, pushing stock prices higher while also increasing the price of gold.Although equity markets ended June at record highs, uncertainties surrounding ongoing tariff negotiations in certain countries continue to linger. The VIX fear index rose by 0.4 points, reflecting this cautious sentiment.Trump again strongly reiterated his call for interest rate cuts to Powell. As of July 1, markets are expecting a 67‑basis‑point interest rate cut by the end of the year.
Most Valuable Companies and Stock Prices:
- NVIDIA (NVDA) → Market value of $3.85 trillion, share price of $157.99, up 0.15%.
- Microsoft (MSFT) → Market capitalization of $3.70 trillion, share price of $497.41, up 0.30%.
- Apple (AAPL) → Market capitalization of $3.06 trillion, share price of $205.17, up 2.03%.
- Amazon (AMZN) → Market capitalization of $2.33 trillion, share price of $219.39, down 1.75%.
- Alphabet (GOOG) → Market capitalization of $2.14 trillion, share price of $177.39, down 0.49%.
Borsa Istanbul
In May, the foreign‑trade deficit was close to expectations at $6.65 billion. Exports increased by 2.6%, while imports rose by 2.7%. In the first five months of the year, the foreign deficit grew by 13% to $41.3 billion, while the unemployment rate fell to 8.4% in May.According to TÜRK-İŞ data, the poverty line rose to 26,115 TL in June. The Treasury will make a total of 906 billion TL in domestic debt payments between July and September.Yesterday, the BIST index rose by 6%. The CDS falling below 300 basis points increased risk appetite. Purchases are expected to continue today. This week’s key agenda items include Thursday’s inflation data and the Central Bank of Turkey’s interest rate decision, scheduled for July 24.
Companies with the Highest Market Value on the Istanbul Stock Exchange:
- QNB Finansbank (QNBTR) → 904.5 billion TL market value, share price 270.00 TL, 0.00% change.
- Aselsan Electronics Industry (ASELS) → Market value of 687.65 billion TL, share price of 150.80 TL, 0.00% change.
- Türkiye Garanti Bankası (GARAN) → Market value of 567 billion TL, share price of 137.80 TL, 2.07% increase.
- Turkish Airlines A.O. (THYAO) → Market value of 391.23 billion TL, share price of 288.00 TL, 1.59% increase.
- Koç Holding A.Ş. (KCHOL) → Market value of 390.53 billion TL, share price of 156.90 TL, increase of 1.88%.
Precious Metals and Currency Prices:
- Gold: 4,264 TLSilver: 46.35 TLPlatinum: 1,718 TLDollar: 39.89 TLEuro: 47.03 TL
We look forward to bringing you the latest updates again tomorrow.
