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 faced heightened volatility over the weekend as the United States became involved in the ongoing Iran–Israel conflict. Despite global tensions, BTC managed to hold its price above the $100,000 mark.
After briefly dipping to the $98,000 range, Bitcoin rebounded and tested the $102,130 resistance level once again. The $96,300–$97,900 zone is acting as a strong support area on the downside. In the short term, the next upward target is located at $103,800.
On the Ethereum front, the recent market-driven decline was met with buying interest at a critical level. The $2,073–$2,115 range served as a key turning point. If ETH can hold above the $2,240 level, the short-term upside target becomes $2,380.
Crypto News
- Texas Strategic #Bitcoin Reserve has become official.Tether minted $2 billion worth of USDT.Bloomberg analyst Eric Balchunas cited the SEC's increased involvement as a positive signal, raising the likelihood of multiple spot crypto ETF approvals to 90% or higher.Reddit is in talks regarding Sam Altman's iris-scanning orb.
Cryptocurrencies
Top Gainers:• MOVE → Increased by 15.7% to $0.14020405.• IP → Increased by 11.9% to $3.09.• S → Increased by 8.8% to $0.28165327.• KTA → Increased by 6.3% to $0.57939745.• BORG → Increased by 6.2% to $0.17631443.
Top Losers:• TRIBE → Declined by 8.6% to $0.39085427.• SFP → Declined by 7.3% to $0.45440006.• ATH → Declined by 6.9% to $0.02971646.• TEL → Declined by 6.5% to $0.00343946.• CHEEMS → Declined by 5.0% to $0.00000132.
Fear Index:• Bitcoin: 46 (Neutral)• Ethereum: 41 (Fear)
Dominance:• Bitcoin: 65.69% ▼0.03%• Ethereum: 8.82% ▲0.13%
Daily Total Net ETF Inflows• BTC ETFs: $6.40 million• ETH ETFs: –$11.30 million
Data to Watch Today
• 4:45 PM – Manufacturing Purchasing Managers' Index (PMI) (June) Expectation: 51.1 Previous: 52.0• 4:45 PM – Services Purchasing Managers' Index (PMI) (June) Expectation: 52.9 Previous: 53.7• 5:00 PM – Existing Home Sales (May) Expectation: 3.96 M Previous: 4.00 M
Global Markets
We’ve just come out of a weekend dominated by escalating tensions between Iran and Israel, with the U.S. also stepping in. While the U.S. targeted Iranian nuclear facilities, Iran has yet to issue a response. In the coming days, all eyes will be on whether Iran launches a counteroffensive or moves to close the Strait of Hormuz.
We’ve also wrapped up a volatile week shaped by both geopolitical unrest and key interest rate decisions. Nvidia shares declined by 1.1% on U.S. markets, while the S&P 500 ended the week down 0.2%, and the Nasdaq closed slightly higher with a 0.2% gain.
We have left behind a week in which we heard statements from some Fed members suggesting that there could be an interest rate cut in July. The VIX fear index closed at 20.6, down 1.6 points on the last official trading day of the week, but we can anticipate that this level may change today. The bearish sentiment continues in the futures markets.
Most Valuable Companies and Stock Prices• Microsoft (MSFT) → Market capitalization of $3.55 trillion, share price of $477.40, down 0.59%.• NVIDIA (NVDA) → Market capitalization of $3.51 trillion, share price of $143.85, down 1.12%.• Apple (AAPL) → Market capitalization of $3 trillion, share price of $201.00, up 2.25%.• Amazon (AMZN) → Market capitalization of $2.23 trillion, share price of $209.69, down 1.33%.• Alphabet (GOOG) → Market value of $2.03 trillion, share price of $167.73, down 3.59%.
Borsa İstanbul
Domestically, risk perception remains elevated due to ongoing economic and political developments, compounded by global uncertainties. As a result, Borsa İstanbul may exhibit sharper reactions compared to other markets. For the BIST 100 index, the 9,000–9,100 range is being monitored as a key support zone, while resistance is seen in the 9,250–9,340 range.
The Consumer Confidence Index, which has been on an upward trend for the past two months yet still lingers below its long-term average, rose 0.3% in June to reach 85.1.
The Central Bank of the Republic of Turkey (CBRT) continues to take steps to support the Turkish Lira. While TL deposit targets have been raised, the required reserve ratio for foreign currency‑protected TL accounts has been reduced from 4% to 2.5%.
After closing the previous week with a 1.2% loss, the BIST 100 is expected to have a weak start to the new week. Developments in the Middle East will continue to be closely monitored.
Companies with the Highest Market Value on the Istanbul Stock Exchange• QNB Finansbank (QNBTR) → Market value of 854.25 billion TL, share price of 248.25 TL, experienced a 2.67% decline.• Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 667.13 billion TL, share price of 145.70 TL, experienced a 0.41% decline.• Türkiye Garanti Bankası (GARAN) → Market value of 484.26 billion TL, share price of 115.70 TL, up 0.35%.• Koç Holding A.Ş. (KCHOL) → Market value of 370.24 billion TL, share price of 146.00 TL, 0.00% change.• Turkish Airlines A.O. (THYAO) → Market value of 354.31 billion TL, share price of 251.25 TL, experienced a 2.14% decrease.
Precious Metals and Currency Prices
- • Gold: 4,285 TL• Silver: 46.13 TL• Platinum: 1,654 TL• Dollar: 39.72 TL• Euro: 45.71 TL
We look forward to bringing you the latest updates again tomorrow.
