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 $81,800. The first resistance level in BTC, which gained an upward momentum with the reaction from the $75,930 support, has been approached to $82,819. If this level is exceeded, it may be possible for the price to rise to the levels of $ 85,419 and then $ 92,214. However, if there is a rejection below $82,819, a retreat towards the $75,930 support may be seen again. If this level is lost, the levels of $ 73,804 – $69,615 – $ 67,496 will be followed as the next supports.
Ethereum (ETH) is trading at the level of $1,600. The fact that the price has risen above the $ 1,486 level again indicates that the selling pressure has decreased. If the resistance of $1,585 is exceeded during the continuation of the upward movement, the price can be expected to recover to the levels of $ 1,900 and $ 2,000. Daily closures above $2,000 could mark the beginning of a new uptrend for ETH towards the $2,277 and $2,428 levels. In the downside scenario, $1,486 will be followed as support again; if this level is broken, the levels of $1,370 and $1,217 may be raised.
Crypto News
21Shares has submitted the S-1 file for the Dogecoin ETF.
President Trump has offered to meet and meet with Chinese President Xi Jinping Dec.
Tether mints $1 billion USDT
The SEC has approved options for spot ETHEREUM ETFs.
Pakistan plans to allocate some of its surplus electricity to #Bitcoin mining.
VanEck said that China and Russia have conducted some commercial transactions using Bitcoin.
Mastercard has partnered with Kraken to allow users in Europe to spend #Bitcoin at more than 150 million merchants worldwide.
Cryptocurrencies
Those Who Have Risen The Most:
XCN →increased by 44.7% to $ 0.0122.
FARTCOIN →increased by 39.5% to $0.7264.
UXLINK →increased by 30.5% to $ 0.6213.
FLR →increased by 26.1% to $ 0.0142.
KET →increased by 25.6% to $0.1679.
The Ones Who Fell The Most:
SAROS → fell 19.5% to $0.1263.
ZEC →fell 6.7% to $32.66.
XTZ → fell 2.7% to $0.5653.
KAITO → fell by 2.4% to $0.8199.
EOS → fell 1.5% to $0.6568.
Other Data:
Fear Index:
Bitcoin: 28
Ethereum: 22
Dominans:
Bitcoin: 63.47% ▲ 0.37%
Ethereum: 7.60% ▼ 2.28%
Total Net ETF Inflows Per Day
BTC ETFs: -127.20 Million$
ETH ETFs: -11.20 Million$
Data to Follow Today
Core Consumer Price Index (CPI) (Monthly) (Mar):
Expectation: 0.3% / Previous:0.2%
Consumer Price Index (CPI) (Annual) (Mar):
Expectation: 2.5% / Previous: 2.8%
Consumer Price Index (CPI) (Monthly) (Mar):
Expectation: 0.1% / Previous:0.2%
Applications for Unemployment Benefits:
Expected: 223K | Previous: 219K
Global Markets
Global markets started the day negatively when China increased the customs tariff on imported products from the United States from 34% to 84%. However, US President Donald Trump's “buying time” announcement via social media, followed by the announcement of the suspension of customs tariffs on countries other than China for 90 days, led to a sharp recovery in the markets. Following these developments, US stock markets experienced one of the strongest days in their history.
The S&P 500 index ended the day with a premium of 9.51%, the Nasdaq by 12.16% and the Dow Jones by 7.87%. Strong purchases were followed in all sectors, especially technology shares. The tech giants of the so-called ”magnificent seven" gained an average value of 14.62%. The highest performances on a sectoral basis came from the technology (14.15%), discretionary consumption (11.36%) and telecommunications (10.00%) sectors. Cyclical commodities also had a positive trend; copper and oil in particular made strong premiums.
According to Trump's statement, the mutual customs tariffs imposed against more than 75 countries that are open to negotiation with the United States and do not retaliate, except China, have been suspended for 90 days, and only a 10% tax will be applied to these countries. On the other hand, the tariff rate applied to China has been increased to 125%.
The minutes of the Fed's March 18-19 meeting, published yesterday in the US, highlighted the high uncertainty in the economic outlook. The Fed had left interest rates steady in the December range of 4.25% - 4.50%. In the minutes, it was stated that the downside risks for employment and growth have increased, while the upward pressures on inflation have strengthened. In particular, it was stated that high customs tariffs could increase inflation, but it is unclear to what extent and for how long this will be effective.
The Consumer Price Index (CPI) data for March, which will be announced today in the United States, is of critical importance for the markets. The expectations are that the headline CPI will increase by 0.1% per month and 2.5% per year, while the core CPI will increase by 0.3% per month and 3.0% per year. In addition, weekly applications for unemployment benefits will also be monitored. The CPI increased by 0.2% in the previous month, while annual inflation decreased from 3.0% to 2.8%.
Asian stock markets are looking positive today. In Europe, on the other hand, Trump's statements are being priced in this morning after yesterday's declines, and futures indices are seeing rises approaching 8%. On the other hand, US futures indices are Decelerating between 0.5% -1.2% with some profit-taking this morning after yesterday's rise.
The Most Valuable Companies and Their Stock Prices
Apple (AAPL) → market capitalization of $2.99T, price per share of $198.85, an increase of 15.33%
Microsoft (MSFT) → market capitalization of $2.9T, price per share is $390.49, an increase of 10.13%
NVIDIA (NVDA) → market capitalization of $2.79T, price per share of $114.33, an increase of 18.72%
Amazon (AMZN) → market capitalization of $2.03T, price per share of $191.10, an increase of 11.98%
Alphabet (GOOG) → market capitalization of $1.95T, price per share of $161.06, an increase of 9.88%
Borsa Istanbul
While there was a 2.1% decline in Borsa Istanbul yesterday, it is expected that the losses in the BIST 100 index will be compensated and the 9500 level will be tested with the positive outlook in global markets this morning. 9500 points is a critical level at which the descending channel resistance, which has been monitored since March 19, has passed, and it is possible for the upward movement to gain strength if this level is exceeded and permanence is ensured above it. While the 9473-9594 band is monitored as the first resistance zone above, the 9738-9895 December may come up if this band is exceeded. In the broader term, the 9953 point level is being followed as a major resistance.
In the downward movements, 9221 points are in the first support position. Stronger supports are located in the 9044-8870 band. In case of possible sagging below this zone, the 8618 level can be re-tested.
Domestically, industrial production and construction cost index data for February will be announced today. In January, industrial production fell by 2.3% on a monthly basis, adjusted for seasonal and calendar effects, and increased by 1.2% year-on-year, adjusted for calendar effects. These data will be closely monitored in terms of the course of economic activity. The Turkish 5-year CDS premium starts the day at 373 basis points.
In general, Borsa Istanbul is expected to make a positive start today, while the technical levels and the data to be announced will be decisive on the intraday direction.
The Shares That Increased The Most:
INTEM → increased by 10.00% to TL 215.60.
VERTU → increased by 10.00% to 33.66 TL.
DMRGD → reached TL 16.74 with an increase of 9.99%.
DOBUR → increased by 9.99% to 238.90 TL.
BAGFS → became TL 26.24 with an increase of 9.97%.
The Most Declining Shares:
EUHOL → fell by -9.99% to TL 13.06.
SEGMN → decreased by -9.09% to TL 23.00.
CHIP → fell by -7.11% to 70.55 TL.
TSPOR → fell by -5.56% to TL 1.02.
SKTAS → -5.30% decrease was 5.00 TL.
The Companies with the Highest Market Capitalization in Borsa Istanbul:
QNB Finansbank (QNBTR) → Market capitalization of TL 1 trillion, price per share is TL 305.00, an increase of 1.84%.
Aselsan Electronics Industry (ASELS) → Market value of TL 533.98 billion, price per share is TL 122.30, an increase of 4.44%.
Garanti Bank of Turkey (GARAN) → Market capitalization of TL 444.36 billion, price per share is TL 107.30, an increase of 1.42%.
Turkish Airlines (THYAO) → market value of TL 422.28 billion, price per share is TL 312.00, an increase of 1.96%.
Koç Holding (KCHOL) → Market value of TL 391.29 billion, price per share is TL 152.60, a decrease of 1.10%.
- Precious Metals and Foreign Exchange Prices
- Gold: 3814 TL
- Silver: 37.61 TL
- Platinum: 1146 TL
- Dollar: 37.97 TL
- Euro: 41.84 TL
Hope to meet you again tomorrow with the latest news!
