You can find today’s “Daily Market with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the general market conditions together and take a look at the latest evaluations.
Bitcoin (BTC) is currently trading at $101,550. The strong upward trend that started from the $75,930 level gained significant momentum after surpassing the $101,059 and $104,000 resistance levels. However, with the selling pressure from the $104,629 level, a short-term pullback is being observed in BTC. Currently, the $101,059 level is being tested as a critical support. If staying above this zone is maintained, the upward movement may regain strength, and if the $104,629 resistance is surpassed, the $108,000 and $109,850 levels may again become targets. On the other hand, if the $101,059 support is lost, the $96,115 and $94,570 levels are strong support zones to follow on the downside.
Ethereum (ETH) has dropped to the $2,530 level. With the strong rise that started from the $1,486 support, ETH broke the $2,453 resistance and, after testing the $2,595 level, faced some profit-taking. It is currently trading above the $2,453 level. As long as it remains above this zone, with the continuation of the upward trend, the $2,595 and $2,981 levels may again become targets. However, in case the $2,453 level is broken to the downside, the $2,095 and $1,790 levels should be followed as the next support zones. To maintain the positive outlook in ETH, price action above $2,453 is important.
Crypto News
- President Trump stated that India has offered zero customs duty on U.S. goods.
- JP Morgan completed the first publicly tokenized bond transaction on the Ondo blockchain.
- Trump: We are ahead of China in crypto.
- Trump: I am a big crypto fan.
- Coinbase announced that cbADA, cbDOGE, cbLTC, and cbXRP are coming soon.
- Twent One announced that it purchased 4,812 BTC at an average price of 95,300.
Cryptocurrencies
Top Gainers:
- FAI → Increased by 38.5%, reaching $0.02676225.
- ATH → Increased by 20.2%, reaching $0.05417113.
- LAUNCHCOI → Increased by 18.9%, reaching $0.24307398.
- AMP → Increased by 13.2%, reaching $0.00516593.
- NEIRO → Increased by 8.3%, reaching $0.0006159.
Top Losers:
- PI → Decreased by 25.1%, falling to $0.88510663.
- GIGA → Decreased by 14.7%, falling to $0.02361419.
- TOSHI → Decreased by 14.3%, falling to $0.00068798.
- TDCCP → Decreased by 13.1%, falling to $0.36088537.
- PYTH → Decreased by 12.8%, falling to $0.16686662.
Fear Index:
- Bitcoin: 71 (Greed)
- Ethereum: 60 (Greed)
Dominance:
- Bitcoin: 62.59% ▲ 0.01%
- Ethereum: 9.56% ▼ 0.27%
Daily Total Net ETF Inflows
- BTC ETFs: $319.50 Million
- ETH ETFs: $63.50 Million
Thank you, and here are the data to be announced on Thursday, May 15, 2025:
Data to Watch Today
- 15:30 – Core Retail Sales (Monthly) (April)Expectation: 0.3% – Previous: 0.5%
- 15:30 – Jobless ClaimsExpectation: 229K – Previous: 228K
- 15:30 – Philadelphia Fed Manufacturing Index (May)Expectation: -11.3 – Previous: -26.4
- 15:30 – Producer Price Index (PPI) (Monthly) (April)Expectation: 0.2% – Previous: -0.4%
- 15:30 – Retail Sales (Monthly) (April)Expectation: 0.0% – Previous: 1.4%
- 15:40 – Fed Chair Powell’s Speech
Global Markets
Positive developments in global trade and the U.S.'s agreements with Gulf countries on the technology sector led to strong gains, especially in tech stocks. With these developments, the Nasdaq index rose by 0.72%, the S&P 500 gained 0.10%, while the Dow Jones index declined by 0.21%.
Among the 11 main sectors in the S&P 500 index, technology, telecommunications, and consumer discretionary sectors showed gains. The weakest performance came from the healthcare sector, which fell by 2.31%, followed by the materials sector (0.96%) and real estate sector (0.90%).
Especially Nvidia and Tesla shares contributed significantly to the overall performance of the technology sector, rising by 16% and 16.6% respectively in the first three trading days of the week.
With U.S. crude oil inventories showing the highest increase in the last two months, concerns about oversupply in oil prices increased. Brent oil fell by 0.8% to $66.1, while U.S. crude oil inventories rose by 3.5 million barrels last week to reach 441.8 million barrels.
Gold prices also fell by 2.2%, declining to $3,177/ounce, the lowest level in the last five weeks, due to reduced safe-haven demand amid decreasing economic uncertainties.
The U.S. 10-year bond yield rose to 4.54%, the highest level since February 18, while the 2-year bond yield climbed to 4.05%, the highest since February 27. This indicates a continued upward trend in bond market interest rates. The spread between the 10-year and 2-year bond yields increased from 46 to 49 basis points.
The Dollar Index (DXY) ended the day flat at 101.0. The euro/dollar parity closed the day down by 0.2% at 1.118.
While a mixed outlook dominates Asian stock markets this morning, European markets are expected to start the day with a flat to slightly negative trend. Today, U.S. PPI (Producer Price Index) data for April stands out in the economic calendar. Also, peace negotiations between Russia and Ukraine are planned to be held in Istanbul today and are being closely followed by the markets.
Most Valuable Companies and Stock Prices
- Microsoft (MSFT) → $3.37T market cap, $452.94 per share, up 0.85%
- NVIDIA (NVDA) → $3.30T market cap, $135.34 per share, up 4.16%
- Apple (AAPL) → $3.17T market cap, $212.33 per share, down 0.28%
- Amazon (AMZN) → $2.23T market cap, $210.25 per share, down 0.53%
- Alphabet (GOOG) → $2.01T market cap, $166.81 per share, up 3.68%
Borsa İstanbul
Domestically, today’s key data includes the central government’s April budget balance, the March service and construction production indices, and the number of salaried employees. In March, the central government budget deficit came in at TRY 261.5 billion, below the Treasury’s previously announced cash deficit of TRY 298.4 billion. In April, the Treasury’s cash balance posted a deficit of TRY 183.5 billion, while the primary balance recorded a surplus of TRY 73.6 billion. The service production index had lost momentum in February; the annual increase, which was 7.0% in January, slowed to 1.2% in February.
Yesterday, Borsa Istanbul showed a generally flat market trend. Shares of Garanti Bank, Turkcell, and Aselsan outperformed, while sales pressure on Turkish Airlines (THY), which holds significant weight in the index, limited the upward movement. Additionally, expectations of extended settlement periods due to the upcoming May 19th public holiday led to cautious market behavior. On top of that, news suggesting that top leaders will not attend the Russia–Ukraine ceasefire talks dampened market optimism. However, any potential ceasefire decision coming out of today’s discussions could positively impact market sentiment. Therefore, a slightly bullish tone is expected on the BIST today.
From a technical perspective, the BIST100 index dropped to 9,658 during the session but recovered with reactionary buying to close at 9,702. The index’s ability to stay above the 9,475–9,580 band—considered a transition zone—signals continued market optimism. As long as this zone holds, upward momentum could strengthen, and if the 9,740/9,750 intermediate resistance is surpassed, the 9,895 resistance could come into play. Hence, the 9,580–9,475 range now serves as a critical support zone.
Top Companies by Market Capitalization on Borsa Istanbul
- QNB Finansbank (QNBTR) → Market Cap: TRY 929.63 billion, Share Price: TRY 270.75, ▼ 2.43%
- Aselsan Electronic Industry (ASELS) → Market Cap: TRY 629.28 billion, Share Price: TRY 139.40, ▲ 1.01%
- Garanti Bank (GARAN) → Market Cap: TRY 477.12 billion, Share Price: TRY 111.50, ▼ 1.85%
- Turkish Airlines (THYAO) → Market Cap: TRY 412.62 billion, Share Price: TRY 298.00, ▼ 0.33%
- ENKA Construction and Industry (ENKAI) → Market Cap: TRY 398.61 billion, Share Price: TRY 67.65, ▼ 0.51%
Precious Metals and Currency Rates
- Gold: TRY 3,940
- Silver: TRY 39.87
- Platinum: TRY 1,226
- USD/TRY: 38.77
- EUR/TRY: 43.49
Looking forward to seeing you again tomorrow with the latest updates!
