You can find today’s edition of 'Daily Market with JrKripto' below, featuring a roundup of the most important developments from both global and local markets. Let’s take a closer look at the overall market sentiment and the latest insights together.
Bitcoin continues to present a healthy outlook despite ongoing global developments. After starting the new week with an upward move, BTC pulled back upon reaching a key resistance zone. Markets—particularly Bitcoin—responded to the Fed's decision last night with anticipation and are now trending sideways around $104,800.
Ethereum remains within its ascending channel and is currently trading at $2,535, just below the $2,580–$2,630 resistance zone. A breakout above this upper resistance area could signal the beginning of a new trend phase.
Crypto News
- VanEck's Solana ETF listed on DTCC with ticker $VSOL
- Crypto Chief David Sacks said the 'Genius Act' stablecoin bill "increases consumer protections and expands the dominance of the US dollar."
- Tether mints $1 billion in USDT
- First spot $XRP ETF launches in Canada
- Trump: Fed has done a bad job so far. We should be 200 basis points lower right now.
- Fed leaves interest rate steady
- Ohio bill exempting Bitcoin payments under $200 from taxation passes House of Representatives
Cryptocurrencies
Top Gainers:
- AERO → up 16.7% to $0.91917647
- SNT → up 13.6% to $0.05159567
- RAY → up 10.3% to $2.27.
- JTO → up 8.6% to $2.32.
- OKB → up 7.0% to $52.28.
Top Losers:
- IP → down 15.4% to $2.60.
- KTA → down 9.5% to $0.73814101.
- STHYPE → down 6.3% to $38.03.
- WHYPE → down 6.2% to $38.04.
- HYPE → down 5.9% to $38.02.
Fear Index:
- Bitcoin: 57 (Greed)
- Ethereum: 51 (Neutral)
Dominance:
- Bitcoin: %64.90 ▲ 0.08%
- Ethereum: %9.46 ▼ 0.19%
Daily Total Net ETF Inflows
- BTC ETFs: $388.30 Million
- ETH ETFs: $19.10 Million
Global Markets
The Federal Reserve announced its interest rate decision last night, leaving rates unchanged as expected. However, inflation forecasts were revised upward, while growth projections were lowered. The Fed maintained its projection of two rate cuts later this year.
On the Iran-Israel side, tensions remain high. Meanwhile, reports suggest potential U.S. involvement, with speculation growing that Washington may be preparing for a military intervention against Iran. These reports continue to keep tensions high.
US stock exchanges closed yesterday with S&P 500 -0.03% - Nasdaq 0.1%. Selling pressure continues.
Both the messages given by the Fed and the developments in the Middle East will continue to be closely monitored.
The Most Valuable Companies and Stock Prices
- Microsoft (MSFT) → $3.57 trillion market value, $480.24 per share price, increased by 0.46%.
- NVIDIA (NVDA) → $3.55 trillion market value, $145.48 per share price, increased by 0.94%.
- Apple (AAPL) → $2.94 trillion market value, $196.58 per share price, increased by 0.48%.
- Amazon (AMZN) → $2.26 trillion market value, $212.52 per share price, decreased by 1.07%.
- Alphabet (GOOG) → $2.11 trillion market value, $173.98 per share, down 1.83%.
Borsa Istanbul
The CBRT will announce its interest rate decision in Türkiye at 14:00 today. It is expected that the interest rate will remain at 46%. Alongside the interest rate decision, housing sales and short-term external debt figures will be closely followed within the country today.
The debt of the private sector's loans received from abroad increased by $2.7 billion in April, reaching $185.9 billion. With this figure, it reached its highest level since November 2019.
The pressure of global tensions continues to be reflected in Borsa Istanbul. Yesterday, the BIST100 index showed a selling pressure image. With the selling pressure in the index, a pullback towards 9,000 levels may occur again.
Companies with the Highest Market Value on Borsa Istanbul
- QNB Finansbank (QNBTR) → 845.04 billion TL market value, 252.25 TL per share, 0.00% change.
- Aselsan Elektronik Sanayi (ASELS) → 645.24 billion TL market value, 143.30 TL per share price, 1.27% increase.
- Türkiye Garanti Bankası (GARAN) → 480.90 billion TL market value, 115.80 TL per share price, 1.14% increase.
- Enka İnşaat ve Sanayi (ENKAI) → 364.90 billion TL market value, 62.50 TL per share price, 0.40% increase.
- Koç Holding A.Ş. (KCHOL) → 362.89 billion TL market value, 145.90 TL per share price, 1.96% increase.
Precious Metals and Currency Prices
- Gold: 4291 TL
- Silver: 46.30 TL
- Platinum: 1646 TL
- Dollar: 39.54 TL
- Euro: 45.36 TL
We look forward to bringing you the latest updates again tomorrow!
