You can access the "Daily Market with JrKripto" summary, where we compile daily important developments in cryptocurrency, global and local markets, below.
Come on, let's analyze the general situation in the markets together and take a look at the most up-to-date evaluations.
Bitcoin (BTC) is currently trading at $ 81,400. The $ 79,100 - $ 80,763 region stands out as a critical support area. If BTC cannot hold on in this region, there is a risk of falling back to the $ 74,100 - $ 74,200 band as the decline continues. In upward movements, the $ 85,600 and $ 90,700 levels will be monitored as resistance points.
Ethereum (ETH) is trading at $ 1,920. The $ 1,900 level is a strong support point, and if this region is lost, the decline may deepen to $ 1,800 levels. In upward movements, $2,000, then $2,250 stand out as resistance levels. If ETH can overcome these levels, the rise towards $2,534 and $2,721 levels may gain momentum.
Crypto News
Singapore Exchange to list open-ended Bitcoin futures contracts.
MicroStrategy Files for Up to $21 Billion Preferred Share Offering. The company plans to use this resource for general purposes and potential Bitcoin purchases.
Coinbase announced that it will soon launch 24/7 continuous futures in the US.
VanEck Solana ETF is registered in Delaware.
Donald Trump plans to issue another new executive order regarding cryptocurrencies this week.
More than $1.75 trillion in value was wiped out of the US stock market yesterday.
CBOE Files Proposal Allowing Staking for Franklin Ethereum ETF.
Cryptocurrencies
Top Gainers
ARKM → up 15.3% to $0.57807054.
IOTX → up 8.7% to $0.01676431.
IP → up 7.5% to $5.41.
AKT → up 7.4% to $1.22.
MOVE → up 5.7% to $0.48369299.
Top Fallers
SPX → down 24.5% to $0.28587488.
GRASS → down 15.7% to $1.48.
FET → down 12.8% to $0.4627715.
LDO → down 12.7% to $0.87767678.
SUPER → Down 12.1% to $0.40774475.
Total Daily Net ETF Inflows
BTC ETFs: -$278.40M
ETH ETFs: -$34.00M
Data to Watch Today
17:00 / US / Job Openings and Job Turnover Rate (JOLTS) (January)
Expected: 7,710M
Previous: 7,600M
Global Markets
US stock indices faced sharp sell-offs due to recession concerns. Despite US Commerce Secretary Lutnick’s statement that “There is absolutely no recession expected this year,” Donald Trump’s reference to the possibility of a recession increased selling pressure on the markets. The S&P 500 fell by 2.70%, the Dow Jones fell by 2.08% and the Nasdaq fell by 4.00%, while the Nasdaq had its worst day since September 2022. Of the 11 main sectors in the S&P 500, only infrastructure (1.04%) and energy (0.94%) closed positive, while technology (4.34%), discretionary consumption (3.90%), telecommunications (3.54%) and finance (2.20%) were the sectors that lost the most value. The “Magnificent Seven” stocks, which include large technology companies in particular, lost a total of $760 billion in market value. Rising recession concerns reinforced the expectation that the Fed will make three interest rate cuts in 2025. The Dollar Index fell to 103 in recent weeks and returned to its pre-election levels. While Asian stock markets are negative, European stock markets are expected to start the day slightly positive.
Most Valuable Companies and Stock Prices
Apple (AAPL) → Market value: $3.42T, Share price: $227.48 (-4.85%)
Microsoft (MSFT) → Market value: $2.83T, Share price: $380.16 (-3.34%)
NVIDIA (NVDA) → Market value: $2.61T, Share price: $106.98 (-5.07%)
Amazon (AMZN) → Market value: $2.06T, Share price: $194.54 (-2.36%)
Alphabet (GOOG) → Market value: $2.03T, Share price: $167.81 (-4.52%)
Borsa Istanbul
Industrial production (SÜE) decreased by 2.3% monthly in January, while increasing by 1.4% annually, according to seasonal and calendar adjusted data. The annual change adjusted for calendar effects was 1.2%. Despite the monthly decrease, a 1.8% increase was seen on a quarterly basis thanks to the strong increases in November and December. These fluctuations in industrial production provide an idea about the direction of economic activity. Despite the monthly decrease, the general trend is positive due to the previous strong increases.
The Istanbul Chamber of Industry Turkey Export Climate Index was 51.1 in February. The index, which was 51.2 in January, has been above 50 for 14 months, indicating that external demand conditions are improving. While values above 50 indicate that export markets are improving, demand in Europe is weak, while the Middle East region continues to be important in terms of growth.
Today, the Treasury held a 2-year fixed coupon and 4-year TLREF-indexed bond auctionri will do. These auctions may affect the state's borrowing policies and interest rates in the market. In addition, retail trade, turnover indexes and construction cost index data will be announced. These data provide clues about the course of consumption expenditures and the construction sector.
The BIST-100 index started the week with a decline due to the competition investigation into retail chains and the weakening risk appetite in global markets. While the competition investigation had a negative impact on retail stocks, global uncertainties also increased sales in the market. While retail trade stocks lost more than 5% of their value, the positive trend in Aselsan and Tüpraş stocks provided some support to the index. Today, markets will focus on the balance sheet announcements of non-financial sectors and developments abroad. Financial results of companies may cause fluctuations in stock prices. A slightly seller-like opening is expected in BIST-100.
After testing the level of 10,544 yesterday, the BIST-100 index retreated and closed at 10,422. An upward movement was attempted in the index, but it was met with sales. The rise, which weakened just below the 10,570-10,598 resistance zone, is currently considered a limited correction. Breaking this zone may trigger new increases. The 10,407-10,276 band is being monitored as a support zone. As long as the index remains above these levels, the expectation for an increase is maintained. If the 10,570-10,598 band is broken, a new movement towards the 11,156-11,172 levels may be seen. Critical levels should be monitored for the continuation of the increase.
Support levels for BIST-100 stand out as 10,407, 10,380, 10,276, 10,197 and 10,121. If these levels are broken, the decline may deepen. Resistance levels are at 10,570, 10,598, 11,156 and 11,172. If these levels are exceeded, the rise may gain momentum.
Stocks with the Most Increases:
DSTKF → increased by 9.98% to 146.60 TL.
DIRIT → increased by 9.96% to 25.18 TL.
KERVT → increased by 9.95% to 16.24 TL.
DAGHL → increased by 9.94% to 53.10 TL.
ETILR → increased by 9.87% to 5.90 TL.
Stocks with the Most Decreases:
DURDO → decreased by -80.00% to 3.47 TL.
GEDZA → decreased by -9.14% to 36.38 TL.
OZSUB → decreased by -7.17% to 37.02 TL.
BULGS → decreased by -6.87% to 20.34 TL.
VBTYZ → decreased by -6.24% to 21.64 TL.
Companies with the Highest Market Value on Borsa Istanbul
QNB Finansbank (QNBTR) → 934.65 billion TL market value, 279.00 TL per share price, 0.00% change.
Türkiye Garanti Bankası (GARAN) → 588.42 billion TL market value, 139.2 TL per share price, -0.64% decrease.
Aselsan Elektronik Sanayi (ASELS) → 502.97 billion TL market value, 112.9 TL per share price, +2.36% increase.
Turkish Airlines (THYAO) → 459.54 billion TL market value, 333.50 TL per share price, +0.15% increase.
Koç Holding (KCHOL) → 432.88 billion TL market value, 172.0 TL per share, +0.76% increase.
Precious Metals and Currency Prices
- Gold: 3404 TL
- Silver: 37.71 TL
- Platinum: 1131 TL
- Dollar: 36.57 TL
- Euro: 39.67 TL
Hoping to meet again tomorrow with the latest news!
Author: Besim Şen
