You can find our article “Daily Market with JrKripto” below, where we have compiled the most important developments in global and local markets. Let's analyze the general market conditions together and take a look at the latest assessments.
Bitcoin (BTC) is currently trading at $95,300. With a strong bullish movement starting from the $75,930 support, the price has settled in the $95,000 – $96,000 resistance band. If this region is exceeded, it can be expected that the rise in BTC will continue to the level of $ 101,000. However, the first support point for profit sales that may occur at current levels will be $ 90,500. If it hangs below this level, it is possible for the decline to deepen to the level of $ 86,500.
Ethereum (ETH) is trading at $1,810. With the rise that started at the level of $ 1,486, the price continues to stay above $ 1,800. If the upward movement continues, the resistance levels of $1,888 and $1,950 can be targeted. However, $1,790 will be followed as the first support in possible withdrawals. If persistence is achieved below this level, the $1,700 level for ETH will be the next strong support. Persistence above $1,790 is critical for the continuation of the short-term upward trend.
Crypto News
- Donald Trump's son Eric has said that banks that do not adopt crypto will disappear within 10 years.
- Coinbase has added WLD to its listing roadmap.
- The United States has contacted China for talks on customs tariffs, Chinese media have confirmed this.
- North Carolina has passed a bill to create a Strategic Bitcoin Reserve.
- Canary has applied for a spot ETF for SEI.
Cryptocurrencies
Those Who Have Risen The Most:
VIRTUAL →increased by 42.4% to $ 1.77.
BEAM →increased by 23.0% to $0.0088351.
PRIME →increased by 22.8% to $3.33.
AI16Z →increased by 20.8% to $0.30912477.
AERO →increased by 20.7% to $0.71983165.
The Ones Who Fell The Most:
DRIFT → fell by 7.7% to $0.67915288.
LAYER → fell 6.7% to $3.01.
DCR → fell 5.6% to $13.13.
QGOLD → fell 2.3% to $3,225.41.
XAUT → fell 2.1% to $3,234.26.
Other Data:
Fear Index:
Bitcoin: 55
Ethereum: 49
Dominans:
Bitcoin: 64.57% ▲ 0.11%
Ethereum: 7.48% ▲ 0.08%
Total Net ETF Inflows Per Day
BTC ETFs: -56.30 Million$
ETH ETFs: -2.30 Million$
Data to Follow Today
- May 1 - Turkish Labor Day
- Applications for Unemployment Benefits
Expectation: 224K
Previous: 223K
- Manufacturing Purchasing Managers' Index (PMI) (April)
Expectation: 50.7
Previous: 50,2
- ISM Manufacturing Purchasing Managers' Index (PMI) (April)
Expectation: 48.0
Previous: 49.0
Global Markets
US stock markets ended the day yesterday with a mixed and low volume course. However, the strong technology balance sheets announced after the session close, especially Microsoft's 6.9% and Meta's 5.4% increases, caused positive pricing in futures. Nasdaq futures indices were at a premium of up to 1.5%. While positive expectations in the negotiations with the US trading partners are also influential in this optimism, the fact that China has not yet officially participated in this process continues the cautious approach in the markets.
The macroeconomic data showed a weak picture. Private sector employment in the US increased by only 62 thousand people and remained well below expectations. This situation shows that companies are being more cautious in hiring, especially due to tariff-related uncertainties. In addition, the US economy contracted by 0.3% in the first quarter of the year. This contraction was based on a higher-than-expected increase in imports and a weakening in personal consumption. While PCE inflation gave mixed signals, it registered a decrease on an annual basis, indicating an easing in price pressures.
The ISM Manufacturing PMI data for March has moved back into contraction territory with 49 points. The index, which can only stay in the expansion zone for two months, showed that the contraction in new and accumulated orders slowed down, but employment losses increased. Supply shortages have accelerated price increases, while inventories have grown and delivery times have extended. This index is expected to decline to 48 points in April. Such data is critical for interpreting the impact of tariffs on businesses.
On the international front, while the Bank of Japan left its policy rate unchanged, its failure to give clear signals about an interest rate hike led to the weakening of the Japanese Yen. Oil prices, on the other hand, tested 4-year lows with the news that OPEC+ may increase production. The OPEC+ meeting on May 5 will be critical in this sense.
In addition, an agreement was signed between Ukraine and the United States on access to Ukraine's natural resources Dec. This development is interpreted as an effort to get support from Kiev's Trump wing before the upcoming elections in the United States.
For the rest of the week, the data calendar is quite busy. In particular, the non-agricultural employment data to be announced on Friday is of great importance for the Fed's monetary policy and may be decisive on the direction of the markets. Apple and Amazon balance sheets will be announced today, and the general mood in the technology sector will be clarified with these data.
The Most Valuable Companies and Their Stock Prices
Apple (AAPL) → market capitalization of $3.19T, price per share of $212.50, an increase of 0.61%
Microsoft (MSFT) → market capitalization of $2.94T, price per share is $395.26, an increase of 0.31%
NVIDIA (NVDA) → market capitalization of $2.66T, price per share of $108.92, down 0.09%
Amazon (AMZN) → market capitalization of $1.96T, price per share of $184.42, down 1.58%
Alphabet (GOOG) → market capitalization of $1.94T, price per share of $160.89, down 0.72%
Precious Metals and Foreign Exchange Prices
Gold: 3961 TL
Silver: 39.31 TL
Platinum: 1191 TL
Dollar: 38.44 TL
Euro: 43.62 TL
Hope to meet you again tomorrow with the latest news!
