You can access the "Daily Market with JrKripto" summary, where we compile daily important developments in cryptocurrency, global and local markets, below.
Come on, let's analyze the general situation in the markets together and take a look at the most up-to-date evaluations.
Bitcoin (BTC) is currently trading at $ 86,444. According to technical analysis, $ 82,000 stands out as a strong support area. If the price drops below this level, a pullback to $ 80,000 and below may occur with the deepening of the decline. In upward movements, $ 88,000 is followed as a resistance point. If BTC exceeds this level and maintains its permanence above it, an upward movement towards $ 90,000 and above may be seen.
Ethereum (ETH) is currently trading at $ 2,366. While the $2,250 level stands out as a support zone, if this level is broken, the risk of a pullback to $2,200 and below may increase. In upward movements, $2,500 stands out as a resistance point. If ETH breaks this level, it may gain strong momentum towards the $2,650 level.
Crypto News
- SEC accepts Grayscale Spot Ethereum ETF's staking permit application.
- Avalanche's Visa-based credit card Avalanche Card is now available.
- Ondo Finance ($ONDO) announced a partnership with Mastercard.
- SEC also ends OpenSea investigation; Illuvium Labs cuts 40% of its workforce.
- Nvidia earnings reports came in above expectations.
Cryptocurrencies
Top Risers
KAITO → up 33.5% to $2.72.
SAFE → up 19.8% to $0.6169.
GRASS → up 17.0% to $2.02.
AB → up 14.2% to $0.0126.
POPCAT → up 13.3% to $0.2666.
Top Fallers
BTSE → down 14.7% to $1.21.
LCX → down 10.5% to $0.2132.
QNT → down 9.3% to $100.27.
XDC → down 8.3% to $0.0825.
TKX → down 8.2% to $30.31.
Total Daily Net ETF Inflows
BTC ETFs: -$754.60M
ETH ETFs: -$94.30M
Data to Watch Today
16:30 | 🇺🇸 US - Gross Domestic Product (GDP) (Q4)
Expected: 2.3%
Previous: 3.1%
16:30 | 🇺🇸 US - Jobless Claims
Expected: 222K
Previous: 219K
Global Markets
Nvidia announced its earnings and forecasts after the stock market closed, with revenue beating expectations. US indices opened the day with strong buying after last week’s sell-off, but were followed by a sell-off after Trump announced a 25% tariff on the EU. Trump also stated that tariffs on Mexico and Canada would go into effect in April. The S&P 500 Index rose by 0.01%, the Nasdaq by 0.26%, while the Dow Jones lost 0.43%. In terms of sectors, technology (0.89%), infrastructure (0.38%) and telecom closed positive, while essential consumption (1.86%), healthcare (0.69%) and real estate (0.59%) lost value. New home sales in the US decreased by 10.5% in January, falling above expectations (expectation: -2.6%) and reaching 657 thousand units. The median home sales price increased by 3.7%. MBA home loan applications fell by 1.2% for the second week in a row. The 30-year fixed home loan interest rate fell to 6.88%. Today, markets will follow the second estimate of the 4th quarter growth data in the US, durable goods orders, weekly unemployment benefits applications and pending home sales data. The US economy grew by 2.3% in the fourth quarter according to initial estimates, with consumer spending making the biggest contribution. US futures are trending positive after Nvidia's strong balance sheet. Asian stock markets are expected to open positively, while European stock markets are expected to open negatively.
The Most Valuable Companies and Stock Prices
Apple (AAPL) → Market value $3.61T, share price $240.36, -2.70% down daily.
NVIDIA (NVDA) → Market value $3.22T, share price $131.28, +3.67% up daily.
Microsoft (MSFT) → Market value $2.97T, share price $399.73, +0.46% up daily.
Amazon (AMZN) → Market value $2.27T, share price $214.35, +0.73% up daily.
Alphabet (GOOG) → Market value $2.12T, price per share $174.70, daily %-1.51 decrease.
Borsa Istanbul
Today, the Economic Confidence Index for February and the final foreign trade statistics of the Turkish Statistical Institute for January will be announced. According to the provisional data of the Ministry of Trade, exports increased by 5.8% annually in January to $21.2 billion, while imports increased by 10.2% to $28.8 billion.
The BIST100 index closed positively for the first time since Friday. Aselsan's strong balance sheet and the positive divergence of the banking index were effective in this increase. The talks between the Russian and US delegations to be held in Istanbul today are being closely monitored by the markets. Positive movements were observed yesterday in the stocks of companies that could benefit from a possible peace between Russia and Ukraine, and interest in these stocks continues todayIt can be expected.
Closing above the 9600 level in the index may end the decline in the short term and support a return to the 9600-10000 band. Closing above the 9600 level will be monitored to maintain the strength of yesterday's reaction.
BIST100 closed at 9573 yesterday with a reaction from the 9422 level. However, the continuation of the movement below the averages indicates that the weak course continues. For a new optimism in the index, it is necessary to rise above the 9650-9715 levels. Otherwise, the weak outlook may continue. The 9221-8618 band is in a strong support position as the November 2024 bottom zone.
The Most Increased Stocks:
VSNMD → increased by 9.96% to 93.30 TL.
PAPIL → increased by 9.95% to 13.70 TL.
DAGHL → increased by 9.92% to 24.82 TL.
SEGY0 → increased by 9.90% to 4.55 TL.
BULGS → increased by 8.85% to 18.95 TL.
Stocks That Decreased the Most:
BNTAS → decreased by -46.02% to 5.56 TL.
ICUGS → decreased by -9.98% to 19.03 TL.
TDGYO → decreased by -9.98% to 15.24 TL.
GRSEL → decreased by -8.06% to 220.10 TL.
AYES → decreased by -4.49% to 8.93 TL.
Companies with the Highest Market Value on Borsa Istanbul
QNB Finansbank (QNBTR) → 850.9 billion TL market value, 259.00 TL per share, +1.97% increase.
Türkiye Garanti Bankası (GARAN) → 538.86 billion TL market value, 131.3 TL per share price, +2.34% increase.
Türk Hava Yolları (THYAO) → 439.19 billion TL market value, 320.50 TL per share price, +0.71% increase.
Aselsan Elektronik Sanayi (ASELS) → 382.13 billion TL market value, 83.70 TL per share price, -0.12% decrease.
Koç Holding (KCHOL) → 380.38 billion TL market value, 150.5 TL per share price, +0.33% increase.
Precious Metals and Currency Prices
- Gold: 3455 TL
- Silver: 37.26 TL
- Platinum: 1142 TL
- Dollar: 36.45 TL
- Euro: 38.21 TL
Hope to meet again tomorrow with the latest news!
