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 dipped below the $100,000 mark at the height of geopolitical tensions over the weekend, following the U.S.'s entry into the Iran–Israel conflict. However, strong buying momentum at the start of the new week helped BTC reclaim this critical psychological threshold. After falling to a low of $98,000, Bitcoin surged to as high as $106,000. A brief pullback after such a sharp rally is considered natural. Holding above the $100,000 level continues to serve as both a technical and psychological support line.
As for Ethereum, the $2,100 zone highlighted in our previous analysis has proven to be a solid support area. With buying interest emerging from this level, ETH quickly climbed to the short‑term target range around $2,400. The $2,380 mark is currently being watched as near‑term support, while $2,430 stands as the closest resistance level.
Crypto News
- Iran and Israel have declared a 12‑hour ceasefire.
- Trump on the Fed interest rate: “We should be at least two to three points lower.”
- Goolsbee: “If the uncertainty over tariffs is removed, we should continue to cut rates.”
- Hassett: “There is no reason for the Fed not to cut rates.”
- Trump Media has approved a $400 million share buyback.
- Strategy purchased 245 #Bitcoin at an average price of $105,856.
Cryptocurrencies
Top Gainers:
- SEI → increased by 38.5% to $0.28162748.
- KTA → increased by 31.4% to $0.76449666.
- TEL → increased by 24.4% to $0.00427768.
- JASMY → increased by 24.4% to $0.01407185.
- DOG → increased by 23.0% to $0.00340695.
Top Losers:
- VENOM → declined by 2.6% to $0.16444289.
- USDB → declined by 1.8% to $0.98318051.
- LGCT → declined by 1.2% to $1.70.
- BTSE → declined by 1.2% to $1.67.
- XAUT → declined by 1.0% to $3,336.58.
Fear Index:
- Bitcoin: 54 (Neutral)
- Ethereum: 35 (Fear)
Dominance:
- Bitcoin: 65.36% ▲ 0.02%
- Ethereum: 9.06% ▼ 0.25%
Daily Total Net ETF Inflows
- BTC ETFs: $350.60 million
- ETH ETFs: $100.70 million
Data to Watch Today• 5:00 p.m. – Conference Board (CB) Consumer Confidence (June)Expectation: 99.4 | Previous: 98.0• 5:00 p.m. – Fed Chair Powell's Comments
Global Markets
U.S. stock markets closed the day in positive territory following a brief ceasefire between Iran and Israel. Iran’s retaliatory actions were perceived as largely symbolic and, as a result, were not fully priced in by the markets. These developments signaled that the conflict was unlikely to escalate further, helping ease investor anxiety.
- The S&P 500 rose by 0.96%, the Nasdaq gained 0.94%, and the Dow Jones advanced 0.89%.
- Meanwhile, the VIX fear index declined by 0.8 points to 19.8, further confirming our comments about the easing of market tension.
- Oil prices saw a sharp decline, dropping nearly 9%, while bullish sentiment took hold in the futures markets.
Most Valuable Companies and Stock Prices
- Microsoft (MSFT) → Market capitalization of $3.61 trillion, share price of $486.00, up 1.80%.
- NVIDIA (NVDA) → Market capitalization of $3.52 trillion, share price of $144.17, up 0.22%.
- Apple (AAPL) → Market capitalization of $3.01 trillion, share price of $201.50, up 0.25%.
- Amazon (AMZN) → $2.21 trillion, $208.47, down 0.58%.
- Alphabet (GOOG) → $2.01 trillion, $166.01, down 1.03%.
Borsa İstanbul
According to data released yesterday, the number of foreign tourists visiting Turkey in May declined by 1.8% year‑over‑year. In the first five months of the year, total foreign tourist arrivals dropped by 1% to 15.6 million.
The spike in geopolitical tensions in the Middle East over the weekend appears to have eased in the short term, following recent statements and developments. If global tensions remain subdued, expectations for a potential interest rate cut by the Central Bank of the Republic of Turkey (CBRT) in July could gain traction. This could potentially support upward momentum on Borsa İstanbul.
Today, attention will turn to the two‑day NATO Leaders Summit, which will also be attended by President Erdoğan. The BIST 100 index may attempt to move toward the 9,400 level during the session.
Companies with the Highest Market Value on the Istanbul Stock Exchange
- QNB Finansbank (QNBTR) → 854.25 billion TL, share price of 263.00 TL, up 3.95%.
- Aselsan Electronics Industry (ASELS) → 667.13 billion TL, share price of 141.10 TL, down 4.08%.
- Türkiye Garanti Bankası (GARAN) → 484.26 billion TL, share price of 119.80 TL, up 3.99%.
- Koç Holding A.Ş. (KCHOL) → 370.24 billion TL, share price of 147.40 TL, up 2.08%.
- Turkish Airlines A.O. (THYAO) → 354.31 billion TL, share price of 266.25 TL, up 5.24%.
Precious Metals and Currency Prices
- Gold: 4,240 TL
- Silver: 46.02 TL
- Platinum: 1,681 TL
- Dollar: 39.66 TL
- Euro: 45.99 TL
We look forward to bringing you the latest updates again tomorrow.
