You can access the "Daily Market with JR Crypto" 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 $ 82,500. The $ 79,100 - $ 80,763 region stands out as a strong support area. If BTC can hold on in this region, it can retest the $ 85,600 and $ 90,700 levels. However, if this support is lost, there is a risk of a drop to the $ 74,100 - $ 74,200 band.
Ethereum (ETH) is currently trading at $ 2,105. While the $ 2,000 level stands out as a critical support point, if this region is lost, a pullback to the $ 1,900 level can be seen. On the upside, the $2,250 and $2,534 levels are important resistance points, and if they are overcome, ETH could accelerate towards the $2,721 and $3,000 levels.
Crypto News
The US House of Representatives will vote on the Genius Act, a Stablecoin Directive
China will begin imposing additional tariffs on certain goods imported from the US.
President Trump said 🇺🇸 America will "never sell" Bitcoin.
SEC accepts Polkadot spot ETF application for review.
SEC accepts Canary Spot HBAR ETF application.
David Sacks said the US government will audit crypto assets "to find out what digital assets we actually own."
Binance to list CHESS/USDC, EGLD/USDC, OSMO/USDC, T/USDC, and UTK/USDC trading pairs.
Cryptocurrencies
Top Gainers
ENA → Up 7.0% to $0.46464746.
IP → Up 5.7% to $5.09.
LAYER → Up 5.4% to $0.84930028.
NOT → Up 3.0% to $0.00213722.
AAVE → Up 2.5% to $195.92.
Top Fallers
SPX → Down 21.2% to $0.39393655.
TRAC → Down 15.7% to $0.36262717.
AIOZ → Down 15.0% to $0.25727337.
HNT → Down 14.4% to $2.59.
AIC → fell 14.2% to $0.25570681.
Total Daily Net ETF Inflows
BTC ETFs: -$409.30 Million
ETH ETFs: -$23.10 Million
Global Markets
US stock markets closed higher after a volatile week with trade wars and tariffs on the agenda. US Federal Reserve (Fed) Chairman Jerome Powell's statements eased concerns about the economy to some extent. Powell emphasized that the economy is strong and inflation expectations are relatively moderate, and stated that they are closely following the policies of the new US administration. With these statements, the S&P 500 gained 0.55%, the Dow Jones gained 0.52%, and the Nasdaq gained 0.70%.
Eight of the 11 major sectors in the S&P 500 increased. The sectors that gained the most value were infrastructure (1.82%), energy (1.64%) and technology (1.44%), while the weakest performing sectors were essential consumption (0.61%), finance (0.58%) and discretionary consumption (0.31%).
Nonfarm payrolls data for February fell slightly below expectations, increasing by 151,000 (expected: 159,000). January data was revised from 143,000 to 125,000. The unemployment rate rose from 4.0% to 4.1%, while hourly earnings were announced as 4.0% on an annual basis, below expectations of 4.1%.
As the week began, inflation data from China was weaker than expected. On a monthly basis, a 0.1% decrease was expected, but a 0.2% decrease was seen, while on an annual basis, a 0.7% decrease was seen, despite expectations of a 0.4% decrease.
Inflation data in the US will be closely monitored this week. The Consumer Price Index (CPI) will be released on Wednesday, the Producer Price Index (PPI) on Thursday, and the University of Michigan consumer confidence index on Friday.
Most Valuable Companies and Stock Prices
Apple (AAPL) → Market value: $3.59T, Share price: $239.07 (+1.59%)
Microsoft (MSFT) → Market value: $2.92T, Share price: $393.31 (-0.90%)
NVIDIA (NVDA) → Market value: $2.75T, Share price: $112.69 (+1.92%)
Alphabet (GOOG) → Market value: $2.13T, Share price: $175.75 (+0.88%)
Amazon (AMZN) → Market value: $2.11T, Share price: $199.25 (-0.72%)
Borsa Istanbul
The Central Bank's March Market Participants Survey has been announced. The inflation expectation for the end of 2025 fell to 28.0% (previous 28.3%). The expectation for 2026 remained constant at 19.1%, while the expectation for 5 years was maintained at 11%. The inflation expectation for the 24-month period fell from 17.3% to 17.1%. On the interest rate front, the policy rate expectation for the next three months was determined as 37.7%. This indicates that the CBRT may continue to cut interest rates by 250 basis points in the next two meetings.
The Treasury had a deficit of 397.6 billion TL in February. The non-interest deficit was 265.9 billion TL. While revenues increased by 24.1% annually, expenses increased by 44.2%. A total deficit of 602.6 billion TL in the first two months of 2024formed. The Treasury will hold 2-year fixed coupon and 4-year TLREF index bond auctions tomorrow.
The BIST 100 index closed last week with an 8.8% increase. The 10,500 level was exceeded with the purchases made on Friday, and the highest closing was achieved since August 2024. The stocks that rose the most on a weekly basis were Aselsan, THY, BİM, Akbank and Koç Holding, while gold mining, defense, aviation, banking and iron and steel stood out in terms of sectors. On the other hand, textile, insurance and food stocks lagged behind the index. This week, industrial production and current balance data will be followed domestically, while US inflation data will be followed abroad. Customs tariff regulations and geopolitical developments that may come from the US may cause fluctuations in the markets.
Technically, the BIST 100 index continues its upward trend. With the 10,197-10,276 band being exceeded, the upward movement gained strength. If the index exceeds the 10,570/10,598 levels, the increase can be expected to accelerate and continue to the 11,156/11,172 band. Support levels are monitored as 10,407, 10,276, 10,197 and 10,121, while resistance levels stand out as 10,570, 10,598, 11,156 and 11,172. In general, BIST is expected to continue its positive trend at the beginning of the week.
Stocks with the Most Increase:
KERVT → increased by 9.98% to 14.77 TL.
OFSYM → increased by 9.98% to 41.00 TL.
BULGS → increased by 9.97% to 21.84 TL.
MAKTK → increased by 9.97% to 8.16 TL.
DAGHL → increased by 9.97% to 48.30 TL.
Stocks That Decreased the Most:
OZRDN → decreased by -9.23% to 9.34 TL.
DEVA → decreased by -8.40% to 65.95 TL.
MGROS → decreased by -6.46% to 521.50 TL.
DSTKF → decreased by -6.24% to 133.70 TL.
BIMAS → decreased by -5.59% to 523.50 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) → 595.98 billion TL market value, 141.2 TL per share price, -0.49% decrease.
Aselsan Elektronik Sanayi (ASELS) → 493.39 billion TL market value, 110.5 TL per share price, +2.13% increase.
Turkish Airlines (THYAO) → 463.33 billion TL market value, 336.50 TL per share price, +0.22% increase.
Koç Holding (KCHOL) → 438.71 billion TL market value, 172.3 TL per share price, -0.40% decrease.
Precious Metals and Currency Prices
Gold: 3410 TL
Silver: 38.32 TL
Platinum: 1145 TL
Dollar: 36.51 TL
Euro: 39.57 TL
Hoping to meet again tomorrow with the latest news!
Author: Besim Şen
