Stay updated with the most significant developments in global and local financial markets in today’s “Daily Market Recap with JrKripto.” Let’s dive into the latest market trends and key insights.
Crypto Market Overview
Bitcoin (BTC) is currently trading at $88,100. The $79,100 – $80,763 zone remains a strong support area. BTC has successfully held this range, breaking above the $85,600 resistance level and maintaining its upward momentum. If the bullish trend continues, the next key resistance is expected around $90,700. On the downside, $85,600 will be the first support to watch in case of a pullback.
Ethereum (ETH) is trading at $2,070. The $1,900 level remains a solid support, which triggered a rebound for ETH. With the $2,000 resistance broken, bullish momentum has picked up. The next target is $2,250, and if that’s breached, ETH could move toward $2,534 and $2,721. On the downside, $2,000 is the immediate support. A close below this level might bring $1,900 back into focus.
Crypto News Highlights
- Trump Media partners with Crypto.com.
- Circle becomes the first stablecoin issuer to gain regulatory approval in Japan.
- President Trump to launch $USD1, a dollar-pegged stablecoin via World Liberty Financial.
- CME Group teams up with Google Cloud to explore tokenization and improve capital market efficiency.
- Fidelity files with the SEC for a Solana Spot ETF.
- SEC drops the lawsuit against Ripple, according to Forbes.
- SEC ends its investigation into Immutable ($IMX).
- GameStop updates its investment policy to include Bitcoin as a treasury reserve asset.
Top Gainers in Crypto
- GIGA → +27.4% to $0.0233
- DGB → +24.6% to $0.0112
- MOVE → +18.9% to $0.5375
- MEW → +18.4% to $0.0027
- FARTCOIN → +15.9% to $0.6353
Top Losers in Crypto
- SATS → -21.0% to $0.1733
- NTGL → -20.3% to $0.0010
- PI → -10.0% to $0.8233
- CAKE → -8.1% to $2.39
- PRIME → -7.6% to $4.23
Daily ETF Flows
- BTC ETFs: +$26.80 Million
- ETH ETFs: -$3.30 Million
Data to Watch Today
- 17:30 (GMT+3) – US EIA Crude Oil Inventories
- Forecast: 1.5M
- Previous: 1.745M
Global Market Overview
Yesterday, U.S. markets saw gains with the S&P 500 and Nasdaq rising by 0.2% and 0.5%, respectively, while the Dow Jones ended flat. The Communication Services sector led the way, up 1.3%, driven by Google and Meta. In contrast, Utilities fell 1.6%, becoming the worst-performing sector.
Markets are now eyeing the U.S. durable goods orders at 15:30 GMT+3, alongside earnings reports from Cintas (CTAS), Paychex (PAYX), and Dollar Tree (DLTR).
The S&P 500 technical outlook shows 5,732 as support and 5,897 as short-term resistance.
Consumer Confidence Index dropped to 92.9, the lowest in three years, while 12-month inflation expectations rose from 5.8% to 6.2%.
In energy, Brent crude held steady at $73 after Ukraine’s President Zelensky accepted a ceasefire covering Black Sea and energy infrastructure. Gold climbed 0.3%, reaching $3,020 per ounce.
Top U.S. Stocks by Market Cap
- Apple (AAPL) → $3.36T | $223.75 | ▲ 1.37%
- NVIDIA (NVDA) → $2.94T | $120.69 | ▼ 0.59%
- Microsoft (MSFT) → $2.94T | $395.16 | ▲ 0.53%
- Amazon (AMZN) → $2.18T | $205.71 | ▲ 1.21%
- Alphabet (GOOG) → $2.09T | $172.79 | ▲ 1.68%
Borsa Istanbul Market Snapshot
Easing U.S. tariff expectations continue to support global markets. In Borsa Istanbul, strong communication from economic authorities and quick policy responses triggered a rebound after a 4-day, 18% drop. The BIST 100 index rose 4.5% yesterday to close at 9,715, moving above its 200-day moving average.
Key resistance: 9,900 – 10,000Key supports: 9,550 – 9,400
Turkey’s 5-year CDS started the day at 295 bps, down from a recent peak of 330. Regulatory flexibility for stock buybacks and falling interest rates are supporting the banking sector.
Economic data:
- Real Sector Confidence Index rose to 103.2 in March.
- Capacity Utilization Rate increased to 75.2%, still below the historical average.
- 2-year bond yield: 43.0%, 10-year bond yield: 31.3%
Despite the rebound, the BIST 100 remains 10% below last week's levels. Investors are closely watching the CBRT’s sectoral inflation expectations report due today, which may shape market direction.
Technical outlook: A break above the 9,784 – 9,895 zone could push the index to 9,990 – 10,197. Support levels include 9,594, 9,451, 9,221, 8,870, 8,725, while resistance lies at 9,784, 9,895, 9,990, 10,197, 10,323.
Top Gainers on Borsa Istanbul
- YBTAS → ▲ 10.00% to 205,482.50 TL
- EUHOL → ▲ 10.00% to 18.15 TL
- BALAT → ▲ 9.99% to 52.95 TL
- DAGHL → ▲ 9.99% to 47.12 TL
- FONET → ▲ 9.98% to 14.55 TL
Top Losers on Borsa Istanbul
- BMSCH → ▼ 60.56% to 11.20 TL
- ATEKS → ▼ 9.98% to 81.20 TL
- ANHYT → ▼ 9.55% to 94.70 TL
- AGESA → ▼ 6.50% to 126.50 TL
- YEOTK → ▼ 6.48% to 54.10 TL
Top Market Cap Companies on Borsa Istanbul
- QNB Finansbank (QNBTR) → 1.17T TL | 341.75 TL | ▼ 2.36%
- Aselsan (ASELS) → 535.8B TL | 115.00 TL | ▼ 2.13%
- Garanti Bank (GARAN) → 499.38B TL | 118.20 TL | ▼ 0.59%
- Koç Holding (KCHOL) → 432.12B TL | 165.90 TL | ▼ 2.64%
- Turkish Airlines (THYAO) → 430.56B TL | 310.25 TL | ▼ 0.56%
Precious Metals & Exchange Rates
- Gold: 3,682 TL
- Silver: 41.26 TL
- Platinum: 1,197 TL
- USD/TRY: 37.99
- EUR/TRY: 41.08
See you again tomorrow with the latest market updates!
