You can access the "Daily Market with JrKripto" summary below, where we have compiled important daily developments in cryptocurrency, global and local markets.
Come on, let's analyze the general situation in the markets together and take a look at the most up-to-date assessments.
Bitcoin (BTC) is currently trading at $87,400. While the $79,100 - $80,763 region stands out as a strong support area, BTC has broken through the $85,600 resistance by holding on to this level and is continuing to rise. If the upward movement continues, the $90,700 level will be a critical resistance point. However, if the price retreats, the $85,600 level will be followed as the first support point.
Ethereum (ETH) is trading at $2,070. While the $1,900 level was maintained as a strong support point, ETH received an upward reaction from this level. With the breaking of the $2,000 resistance, the rise gained momentum and the next target will be the $2,250 level. If this level is exceeded, acceleration towards the $2,534 and $ 2,721 levels may be seen. On the other hand, downward movements will be followed by the support of $ 2,000, and closures below this level may bring the support of $1,900 back up.
Crypto News
DWF Labs has launched a $250 million fund to support blockchain projects.
Strategy has purchased 6911 BTC.
Justin Sun: "I'm expecting something big this week!”
Sam Altman's World Network is in talks with Visa for a Stablecoin pay wallet
Trump plans to postpone the industry-specific customs duty increases that were expected to be launched on April 2.
Cryptocurrencies
Those Who Have Risen The Most:
CRO →increased by 27.1% to $0.104846.
LAYER →rose 27.1% to $1.35.
AGENTFUN → jumped 25.6% to $2.13.
IBERA → jumped 16.6% to $8.01.
KET →increased by 15.0% to $ 0.26392759.
The Ones Who Fell The Most:
NTGL → fell by 17.6% to $0.00123252.
ANKR →fell by 9.3% to $0.02025293.
ZRO →fell 6.6% to $2.77.
PNUT → fell 5.6% to $0.2086054.
VENOM →fell 4.9% to $0.11931917.
Total Net ETF Inflows Per Day
BTC ETFs: $84.20 Million
ETH ETFs: $0.0 Million
Data to Follow Today
17:00 - USA | Conference Board (CB) Consumer Confidence (March)
Expectation: 94.2
Previous: 98.3
17:00 - US | New Home Sales (February)
Expectation: 682K
Previous: 657K
Global Markets
US stock indexes started the week positively due to the impact of news flows over the weekend. In particular, expectations that customs duties will not be as far-reaching as expected and that sectors such as automotive, semiconductors and pharmaceuticals may be exempt were reflected positively on the market. The S&P 500 gained 1.76%, the Dow Jones 1.42% and the Nasdaq 2.27%. The S&P 500 Index technically finished the day above its 200-day moving average. While 10 of the 11 main sectors in the index closed the day with a rise, the infrastructure sector achieved a horizontal negative close. Tesla gained 11.93%, pulling the discretionary consumer sector up, and the sector's shares gained 4.07%, becoming the best performing sector. Telecommunications gained 2.11%, industrial gained 1.87%, financial gained 1.79% and technology gained 1.71%.
When we look at the macroeconomic data, the S&P Global manufacturing PMI data for March in the United States remained well below the expected 51.9 with 49.8, while it declined by 2.9 points on a monthly basis. This indicates that the manufacturing sector has moved into contraction territory again after two months. On the other hand, the service sector data increased by 3.3 points on a monthly basis and exceeded the expectation of 51.2 and was announced at 54.3. The US composite PMI increased by 1.9 percentage points to 53.5 per month in March. February January and February It is estimated that this recovery in the service sector is due to the recovery of activities that were reduced due to adverse weather conditions and may be temporary.
January February also saw the Chicago Fed National Activity Index in the U.S. rise to 0.18 from -0.08 in January. Manufacturing-related indicators led the increase, while the index's three-month moving average rose to 0.15, the highest level in the last three years. Today, US housing prices, new home sales, Richmond Fed Manufacturing Index and Conference Board Consumer Confidence Index data will be announced. While Asian indices are tracking negatively, European indices are expected to have a horizontal negative start to the day.
The Most Valuable Companies and Their Stock Prices
Apple (AAPL) → market capitalization of $3.32T, price per share is $220.73, an increase of 1.13%. NVIDIA (NVDA) → market capitalization of $2.96T, price per share is $121.41, an increase of 3.15%. Microsoft (MSFT) → market capitalization of $2.92T, price per share is $393.08, an increase of 0.47%. Amazon (AMZN) → market capitalization of $2.15T, price per share is $203.26, an increase of 3.59%. Alphabet (GOOG) → market capitalization of $2.06T, price per share is $169.93, an increase of 2.21%.
Borsa Istanbul
Borsa Istanbul rose yesterday with a reaction purchase of up to 3%. Although there is some money inflow into the market, it is estimated that this is mainly public-sourced purchases. For this reason, it is not possible to talk about a generally widespread entry into the market at the moment. However, the fact that there is a balancing on the exchange rate and interest rate side may support a reaction movement after the recent sharp declines. While high volatility is expected to continue, positions can be tried by paying attention to close support and stop levels in the short term. In the medium and long-term outlook, expectations are maintained that the BIST 100 index may rise above the 14,000 level.
Today, the real sector confidence index, capacity utilization ratio (KKO) and sectoral confidence indices will be followed inside. While the Real Sector Confidence Index and Retail Trade Confidence Index rose in February, the Services and Construction Confidence Index declined. KKO, on the other hand, had risen to 74.9% in February. In addition, Treasury and Finance Minister Mehmet Şimşek is expected to hold a teleconference with international investors today at 16:00 TSI.
When we look at bond rates, the 2-year bond rate increased by 1.0 points to 45.6% yesterday, while the 10-year bond rate decreased by 0.2 points to 33.2%. The BIST 100 index made an effort to recover yesterday after last week's sharp declines and ended the day at 9299 with a rise of 2.8%. Although intraday fluctuations were experienced, the index moved upwards, finding support at the 8873 level.
Technically, the close support level for the BIST 100 index is seen as the 8980-8725 band. A rise of the index above the 9921 level may create some optimism, but for a stronger upward trend, it is necessary to rise above the 9450-9594 band. In this case, the 9784-9895 band may be brought up again. In terms of downside risks, the 8870 level is considered as interim support, while the 8618-8560 region, which was tested in November 2024, is considered as strong support. Dec. The important support levels for the BIST 100 are 8870-8725-8618-8560-8000, while the resistance levels are 9451-9594-9784-9895-9990.
The Shares That Increased The Most:
VSNMD → increased by 10.00% to 158.40 TL.
REEDR → increased by 9.99% to 11.89 TL.
SAMAT → increased by 9.99% to 16.96 TL.
AKFIS → increased by 9.99% to 19.93 TL.
ENSRI → reached TL 18.27 with an increase of 9.99%.
The Most Declining Shares:
ATEKS → fell by -9.98% to TL 90.20.
DAGHL → fell by -8.33% to 43.60 TL.
BINBN → fell by -7.07% to TL 162.90.
NUHCM → fell by -5.14% to TL 262.75.
TKFEN → fell by -3.85% to TL 125.00.
The Companies with the Highest Market Capitalization in Borsa Istanbul:
QNB Finansbank (QNBTR) → Market value of TL 1.13 trillion, price per share is TL 345.75, an increase of 2.90%.
Aselsan Electronics Industry (ASELS) → Market value of TL 549.02 billion, price per share is TL 119.30, a decrease of 0.91%.
Garanti Bank of Turkey (GARAN) → market value of TL 465.36 billion, price per share is TL 118.70, an increase of 7.13%.
Turkish Airlines (THYAO) → market value of TL 418.14 billion, price per share is TL 313.00, an increase of 3.30%.
Koç Holding (KCHOL) → Market value of TL 412.34 billion, price per share is TL 170.40, an increase of 4.80%.
Precious Metals and Foreign Exchange Prices
- Gold: 3680 TL
- Silver: 40.85 TL
- Platinum: 1204 TL
- Dollar: 37.94 TL
- Euro: 41.16 TL
Hope to meet you again tomorrow with the latest news!
