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 analyze the broader market sentiment and latest insights together.
Bitcoin tested the $108,860 level over the weekend with strong volume, marking a sharp contrast to the recent downward trend. This area represents the intersection of both descending trendline resistance and horizontal resistance. After facing rejection at this level, BTC pulled back to the $105,000–$106,600 support zone, from which it has since rebounded. The price is currently hovering around $107,300. A daily close above $108,800 could pave the way toward a new all-time high (ATH). On the downside, if the $106,600 support fails to hold, attention will shift to the $104,900 level as the next key support.
Ethereum also saw a notable rally over the weekend. After breaking through the $2,465 resistance on strong volume, it climbed toward the $2,525 resistance level. However, ETH has faced multiple rejections from this area over the past week and subsequently retreated to the $2,370 support. It is currently retesting the $2,465 resistance, and a successful breakout could lead to a move toward the $2,600 level. In case of a pullback, the $2,410 level is expected to act as key support. Should this level break, the $2,350–$2,370 zone will be closely watched for further support.
Crypto News
- DeFi Development plans to issue $100 million in convertible bonds maturing in 2030 to purchase Solana and repurchase shares.Popular design app Figma disclosed in its IPO filing that it holds a $70 million Bitcoin ETF investment. It was also revealed that the company's board of directors approved an additional $30 million in Bitcoin purchases.The SEC has approved the conversion of the Grayscale Digital Large Cap Fund into an ETF (BTC, ETH, XRP, SOL, and ADA).The SEC is evaluating standard listing criteria to expedite the approval process for crypto ETFs.US Treasury Secretary Bessent: We are moving toward a vote today on a significant and important piece of legislation.Deutsche Bank plans to launch a crypto custody service in 2026.
Cryptocurrencies
Top Gainers:
AIC → Increased by 18.8% to $0.17643453.
- USELESS → Increased by 17.1% to $0.22494803.
- VENOM → Increased by 9.4% to $0.19972119.
- KET → Increased by 9.3% to $0.39385646.
- KAITO → Increased by 8.6% to $1.70.
Top Losers:
- ALGO → Declined by 5.9% to $0.17567776.
- CFX → Declined by 4.7% to $0.07452071.
- TEL → Declined by 4.5% to $0.00388872.
- KAIA → Declined by 4.0% to $0.15905976.
- MOVE → Declined by 3.9% to $0.16701015.
Fear Index:Bitcoin: 64 (Greed)Ethereum: 50 (Neutral)
Dominance:Bitcoin: 65.42% ▼ 0.12%Ethereum: 9.11% ▲ 0.64%
Daily Total Net ETF InflowsBTC ETFs: -$342.20 millionETH ETFs: $40.70 million
Data to Watch Today• 3:15 PM – ADP Nonfarm Employment (June) Expectation: 99K | Previous: 37K• 5:30 PM – Energy Information Administration Crude Oil Inventories Expectation: -3,500M | Previous: -5,836M
Global Markets
We are starting the new day with a positive tone across global markets. Former President Trump’s renewed pressure on the Federal Reserve to cut interest rates, combined with ongoing tax cut proposals and progress in trade negotiations, is helping to lift risk appetite. The VIX fear index edged up slightly to 16.8, reflecting a market environment that remains cautious yet optimistic.In macroeconomic data, the U.S. ISM Manufacturing Index rose to 49.0 in June. While production showed improvement, both new orders and employment components continued to soften. The S&P Global Manufacturing PMI remained in the growth zone at 52.9.
Most Valuable Companies and Stock Prices
- NVIDIA (NVDA) → Market capitalization of $3.74 trillion, share price of $153.30, down 2.97%.
- Microsoft (MSFT) → Market capitalization of $3.66 trillion, share price of $492.05, down 1.08%.
- Apple (AAPL) → Market capitalization of $3.10 trillion, share price of $207.82, up 1.29%.
- Amazon (AMZN) → Market capitalization of $2.34 trillion, share price of $220.46, up 0.49%.
- Alphabet (GOOG) → Market value of $2.14 trillion, share price of $176.91, down 0.27%.
Borsa Istanbul
The ISO PMI data declined to 46.7, remaining in the contraction zone. The slowdown in demand is also limiting companies' pricing power. In Istanbul, June inflation was 1.77% monthly and 44.38% annually. Consumer confidence rose to 77.The BIST-100 index closed the day above 10,000 points with a gain of over 1%, driven by expectations of interest rate cuts and foreign investor interest. If today's bank earnings reports come in lower than expected, there could be limited profit-taking in banking stocks. However, the main focus is on tomorrow's inflation data. A flat trend is expected in the index today.
Companies with the Highest Market Value on Borsa Istanbul
- QNB Finansbank (QNBTR) → Market value of 914.55 billion TL, share price of 274.00 TL, increased by 0.37%.
- Aselsan Electronics Industry (ASELS) → Market value of 676.7 billion TL, share price of 148.50 TL, saw a 0.07% increase.
- Türkiye Garanti Bankası (GARAN) → Market value of 574.98 billion TL, share price of 137.30 TL, increased by 0.29%.
- Enka Construction and Industry (ENKAI) → Market value of 400.95 billion TL, share price of 67.85 TL, experienced a 0.80% decrease.
- Turkish Airlines A.O. (THYAO) → Market value of 400.89 billion TL, share price of 291.50 TL, up 0.34%.
Precious Metals and Currency Prices
Gold: 4,282 TLSilver: 46.17 TLPlatinum: 1,739 TLDollar: 39.85 TLEuro: 47.07 TL
We look forward to bringing you the latest updates again tomorrow.
