You can find today’s “Daily Market with JrKripto” article below, where we compiled the most important developments in global and local markets. Let’s analyze the general market conditions together and take a look at the latest evaluations.
Bitcoin (BTC) is currently trading at $94,700. The price has strongly continued the upward trend that started from the $75,930 support level and has now surpassed the $94,000 levels. Currently hovering near the $95,000 – $96,000resistance zone, a breakout from this region could bring $101,000 into focus. However, if profit-taking occurs around $95,000, the first support lies at $90,500. If this level is broken downward, $86,500 will be the next support level to watch.
Ethereum (ETH) is trading at $1,824. The price continues its recovery that began from the $1,486 support. If the upward movement continues from the current level, the resistance levels to watch will be $1,888, followed by $1,950. On possible pullbacks, $1,790 will act as the first defense level. If that level fails, $1,700 will be the stronger support. To maintain the uptrend in ETH, staying above $1,790 is important.
Crypto News
- Circle ($USDC) received approval to operate as a money services provider in Abu Dhabi, UAE.
- South Korea plans to approve spot crypto ETF trading later this year.
- Arizona became the first U.S. state to pass a $BTC reserve bill allowing 10% of public funds to be invested in virtual assets like Bitcoin. The bill now awaits Democratic Governor Katie Hobbs’ signature to become law.
- Standard Chartered predicts a new all-time high (ATH) for Bitcoin in Q2.
- U.S. Treasury Secretary Bessent says the first trade deal may be finalized this week or next.
- MicroStrategy purchased 15,355 BTC.
- Tether minted $1 billion in USDT.
Top Gainers in Cryptocurrencies:
- SAFE → up 27.9%, now at $0.5898
- LAYER → up 15.0%, now at $3.12
- BABY → up 10.8%, now at $0.0926
- VIRTUAL → up 10.3%, now at $1.44
- MOCA → up 8.3%, now at $0.0968
Top Losers:
- POPCAT → down 14.6%, now at $0.3684
- DEEP → down 11.1%, now at $0.2071
- WIF → down 10.3%, now at $0.5922
- TRUMP → down 9.7%, now at $13.75
- KAITO → down 9.6%, now at $0.9009
Other Metrics:Fear Index:
- Bitcoin: 58
- Ethereum: 49
Dominance:
- Bitcoin: 64.23% ▼ -0.25%
- Ethereum: 7.51% ▲ +1.25%
Daily Total Net ETF Inflows:
- BTC ETFs: $591.20 million
- ETH ETFs: $64.10 million
Data to Watch Today:
- Conference Board (CB) Consumer Confidence (April): Forecast: 87.7 | Previous: 92.9
- Job Openings and Labor Turnover Survey (JOLTS) (March): Forecast: 7.490M | Previous: 7.568M
Global Markets
U.S. stock markets started the week positively with a heavy flow of economic data and earnings reports but couldn’t maintain gains and ended the day flat.
- S&P 500: +0.06%
- Dow Jones: +0.28%
- Nasdaq: -0.10%
8 out of 11 major sectors closed in the green. The top performers were:
- Infrastructure: +0.70%
- Real Estate: +0.68%
- Energy: +0.63%
Sectors underperforming included:
- Technology: -0.30%
- Consumer Staples & Discretionary: -0.15% each
European markets also ended the day mostly flat to slightly positive.Today, company earnings will be the focus, especially from Visa, Coca-Cola, Spotify, and Mondelez, which will be key in assessing consumer trends and corporate outlooks.
On the data side, the U.S. will release:
- Consumer confidence
- JOLTS (Job openings)
- Trade balance
- Housing prices
In March, the trade deficit fell by $7.7B to $147.9B. JOLTS showed open jobs declined by 194K to 7.57M, with a hiring rate of 3.4%. Layoff and quit rates were stable at 1.1% and 2.0%, respectively.
ECB will release March inflation expectations today. Asian markets showed mixed performance, while European indexes are expected to open higher.
Most Valuable Companies & Stock Prices
- Apple (AAPL) → $3.16T market cap, $210.14/share, ▲ 0.41%
- Microsoft (MSFT) → $2.91T, $391.16/share, ▼ 0.18%
- NVIDIA (NVDA) → $2.65T, $108.73/share, ▼ 2.05%
- Amazon (AMZN) → $1.99T, $187.70/share, ▼ 0.68%
- Alphabet (GOOG) → $1.97T, $162.42/share, ▼ 0.87%
Borsa Istanbul (BIST)
Rising interest rates, weak earnings, and ongoing risks have kept the BIST 100 index tightly ranged between 9250–9500for nearly a month.Yesterday, the index dropped 1.3%, closing at 9307, with banking stocks falling 3.2%, diverging negatively.
Technical levels to watch:
- Support: 9250 → 9100/9000 → 8870/8618
- Resistance: 9390 → 9500 → 9580 → if broken, a move to 9740–9895 is possible
Upcoming Turkish data:
- March unemployment rate
- April economic confidence index (previous: 100.8, decline expected)
CDS risk premium started the day at 357 bps.Both technical and fundamental indicators suggest staying cautious on BIST.
Top Companies by Market Cap in BIST
- QNB Finansbank (QNBTR) → ₺927.95B, ₺281.00/share, ▲ 1.44%
- Aselsan (ASELS) → ₺632.02B, ₺138.20/share, ▼ 0.29%
- Turkish Airlines (THYAO) → ₺431.60B, ₺301.75/share, ▼ 3.52%
- Garanti Bank (GARAN) → ₺425.46B, ₺101.90/share, ▲ 0.59%
- ENKA (ENKAI) → ₺376.33B, ₺63.55/share, ▼ 1.01%
Precious Metals & FX
- Gold: ₺4,086
- Silver: ₺41.18
- Platinum: ₺1,227
- USD/TRY: ₺38.43
- EUR/TRY: ₺43.82
Looking forward to seeing you again tomorrow with the latest updates!
