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 $82,100. The price has recovered from the $75,930 support with the strength it received and has approached the $82,819 level. If this resistance level is exceeded, it can be expected that the rise in BTC will continue to the levels of $ 85,419 and $ 92,214. However, if the price retreats with sales from the $82,819 level, the $75,930 support can be retested. If it falls below this level, the support levels of $ 73,804, $ 69,615 and $ 67,496 may be raised, respectively.
Ethereum (ETH) is trading at $1,560. ETH, which has received an upward reaction from the $1,486 support, may move towards the $1,585 resistance in the short term. When this level is exceeded, it is possible for the price to rise towards the $1,900 and $ 2,000 levels. A close above $2,000 could allow ETH to reach its targets of $2,277 and $2,428. On the other hand, if the level of $1,486 goes below again, retreats to the levels of $ 1,370 and $1,217 may be on the agenda.
Crypto News
China is increasing the customs duty on US goods to 125%.
The New Hampshire State Assembly has passed the Bitcoin Reserve Act.
Ross Ulbricht Will Make His First Public Appearance at the Bitcoin Conference in Las Vegas.
President Trump has said that the first tariff deal is very close.
"Inflation is down, jobs are up, and America's Golden Age continues," the White House said.
VanEck has applied for the AVAX ETF.
The EU is considering suspending measures against the US tariffs, which are scheduled to take effect on April 15, for 90 days.
Cryptocurrencies
Those Who Have Risen The Most:
XCN →increased by 81.7% to $ 0.0222.
ORCA →jumped 46.6% to $2.83.
XYO →increased by 34.6% to $ 0.0112.
POPCAT →increased by 28.8% to $0.2099.
CRV →increased by 20.9% to $ 0.6161.
The Ones Who Fell The Most:
PLUME → fell 6.8% to $0.1591.
UXLINK → fell by 6.6% to $0.5747.
DEXE → fell 6.0% to $14.86.
PRIME → fell 5.8% to $3.07.
NEO → fell 5.6% to $5.26.
Other Data:
Fear Index:
Bitcoin: 25
Ethereum: 22
Dominans:
Bitcoin: 63.28% ▲ 0.03%
Ethereum: 7.38% ▲ 0.33%
Total Net ETF Inflows Per Day
BTC ETFs: -149.50 Million$
ETH ETFs: -38.80 Million$
Data to Follow Today
Producer Price Index (PPI) (Monthly) (Mar): Expectation: 0.2% / Previous: 0.0% / 15:30
Global Markets
The ongoing trade wars between the United States and China and the selling pressure in the long-term bond market have been Decoupled by steep losses in US stock indexes. The S&P 500 index lost 3.46%, the Dow Jones lost 2.50%, and the Nasdaq lost 4.31%. Of the 11 main sectors in the S&P 500, only one ended the day in a surplus: the consumer essentials sector rose 0.21%. Infrastructure shares, on the other hand, showed a resilient outlook with a limited decline of 0.63%. The weakest performances were seen in the energy sector with a loss of 6.40%, technology with a loss of 4.55% and telecommunications and discretionary consumption sectors with a loss of 4.15%.
US President Donald Trump has announced that he has increased the customs duty imposed on China to 145%. This development has increased the unease in global markets. On the other hand, although the 30-year bond auction was successful, selling pressure continued in the bond market. While short-term bonds were watching buyers, the 10-year bond rate ended the day at 4.42% and the 30-year bond rate at 4.87%.
The weakness in the Dollar Index continues; the index lost 1.94% to 100.91. In this decline, the fact that the inflation data for March announced in the United States fell below expectations was effective. Headline inflation was 2.4% year-on-year, lower than the expected 2.5%. On a monthly basis, while an increase of 0.1% was expected, there was a decrease of 0.1%. Core inflation also rose by 2.8%, below expectations of 3.0% annually, and by 0.1% on a monthly basis instead of 0.3%.
The decline in the prices of some service items had an effect on the low inflation rate. In particular, air ticket prices fell by 5.3%, accommodation services by 4.3% and car insurance by 0.8%, dragging down core inflation. These developments have increased expectations of a weak outlook for the airline sector. In headline inflation, the decrease in energy prices by 2.39% was effective, while rent inflation followed the current trend with an increase of 0.33%.
Today, the Producer Price Index (PPI) and the University of Michigan Consumer Confidence Survey will be followed in the United States. While a mixed course is observed in Asian markets, European indices are expected to start the day horizontally and slightly positive.
The Most Valuable Companies and Their Stock Prices
Apple (AAPL) → market capitalization of $2.86T, price per share of $190.42, a decrease of 4.24%
Microsoft (MSFT) → market capitalization of $2.83T, price per share $381.35, down 2.34%
NVIDIA (NVDA) → market capitalization of $2.62T, price per share of $107.57, a decrease of 5.91%
Amazon (AMZN) → market capitalization of $1.92T, price per share of $181.22, a decrease of 5.17%
Alphabet (GOOG) → market capitalization of $1.88T, price per share of $155.37, down 3.53%
Borsa Istanbul
Borsa Istanbul cannot perform strongly enough despite the positive mood in global markets. The BIST 100 index ended the day with a rise of only 0.7%, failing to maintain its gains during the day after having a positive opening exceeding 3% in the first hours of the day yesterday. Although the money inflow and outflow seems balanced on a daily basis, when we look at the weekly data, it is seen that serious foreign investor outflows and CBRT reserve utilization continue on both the stocks and bonds sides. Although risk pricing in TL assets has gained some balance, the market's momentum is still weak. For this reason, we think that it is necessary to be cautious in short-term positions.
Technically, the 9.000–9.100 band with the 9.270 level and the 9.000-9.100 band stand out as important support areas for the BIST 100 index, while the 9.500 resistance can be monitored in upward movements. In yesterday's trading, the index ended the day at 9,339, retreating after testing an intraday high of 9,581. The 9.473–9.594 band, which was tested intraday, remains important as a near resistance. In case of persistence above this level, optimism may increase in the index in the short term and a move towards the 9.738–9.895 resistance zone may be on the agenda. However, if the downward pressure continues, the 9.221 level will stand out as a close support, while the 9.044–8.870 band will play a critical role as the previous bottom zone. If it hangs below this support band, the 8.618 level may be raised again.
On the macroeconomic data side, the industrial production index (SSE) for February declined by 1.6% month-on-month and 5.2% year-on-year, adjusted for seasonal and calendar effects. When adjusted for calendar effects, the annual contraction was calculated as 1.9%. On a quarterly basis, SUE recorded an increase of 0.9%. This decline in industrial production indicates a gradual slowdown in economic activity.
On the construction side, there is a slowdown in the cost increase rate. In February, the construction cost index increased by 1.24% month-on-month and by 23.94% year-on-year. On a seasonally adjusted basis, the monthly increase was calculated as 1.8%.
Today, retail trade and turnover indices will be followed by the CBRT Market Participants Survey in Turkey. An increase in inflation expectations may be observed in the survey results. While abroad, the US PPI data will be announced. It is estimated that there may be a similar trend in PPI after the CPI, which came in below expectations yesterday.
Turkey's 5-year CDS premium starts the day at 362 basis points. This shows that there has not yet been a serious improvement in the perception of foreign investors. As a matter of fact, according to the data announced yesterday, foreign investors sold $ 445 million in stocks last week. Its total foreign output in the last three weeks has exceeded $ 1.5 billion.
Monday Decrees balance of payments statistics to be announced and the CBRT Monetary Policy Board (CPPC) meeting to be held on Thursday are among the prominent agenda items in the market next week. The general expectation of the market is that the CBRT will leave the policy rate unchanged at the April meeting. In addition, analyst forecasts for banks' balance sheets for the first quarter of 2025 may also have an impact on pricing.
The Shares That Increased The Most:
SONME → increased by 10.00% to 136.40 TL.
RUZYE → reached TL 11.23 with an increase of 9.99%.
VERTU →increased by 9.98% to 37.02 TL.
BAKAB → increased by 9.96% to 34.90 TL.
EUHOL → increased by 9.95% to TL 14.36.
The Most Declining Shares:
HDFGS → fell by -8.47% to TL 1.73.
BJKAS → fell by -6.71% to TL 3.20.
KATMR → fell by -6.44% to TL 2.18.
ENSRI → fell by -6.04% to TL 20.84.
ERSU → Decreased by -5.37% to TL 15.85.
The Companies with the Highest Market Capitalization in Borsa Istanbul:
QNB Finansbank (QNBTR) → Market capitalization of TL 1 trillion, price per share is TL 299.00, a decrease of 0.25%.
Aselsan Electronics Industry (ASELS) → Market value of TL 561.34 billion, price per share is TL 120.20, a decrease of 2.36%.
Garanti Bank of Turkey (GARAN) → market value of TL 443.10 billion, price per share is TL 106.40, an increase of 0.85%.
Turkish Airlines (THYAO) → market value of TL 422.28 billion, price per share is TL 308.50, an increase of 0.82%.
Koç Holding (KCHOL) → Market value of TL 379.12 billion, price per share is TL 146.60, a decrease of 1.94%.
Precious Metals and Foreign Exchange Prices
- Gold: 3901 TL
- Silver: 38.52 TL
- Platinum: 1159 TL
- Dollar: 38.05 TL
- Euro: 42.92 TL
Hope to meet you again tomorrow with the latest news!
