You can find today’s “Daily Market Recap with JrKripto”, where we compile the most important developments in global and local markets, below.Let’s analyze overall market conditions together and take a look at the latest evaluations.
Bitcoin (BTC) is currently trading at $81,700. The $79,100 – $80,763 range stands out as a strong support zone. After falling below $85,600, BTC lost momentum. If the price fails to hold at $80,763, the decline could deepen toward the $74,100 – $74,200 range. However, if a strong buying reaction emerges at $80,763, a recovery toward $83,763 and $85,600 may follow.
Ethereum (ETH) is trading at $1,790. The $1,800 region stands out as a critical support. If this level is lost, the risk of a drop toward $1,700 increases. On the upside, $1,900 will be the first resistance level to watch. If ETH breaks above $2,000, the recovery may gain momentum toward $2,250, $2,534, and $2,721.
Crypto News
- Hut 8 launches a Bitcoin mining company backed by Eric Trump and Donald Trump Jr.
- FTX to begin paying major creditors starting May 30, with $11.4 billion in cash reserves
- Elon Musk’s xAI fully acquires X via stock transaction; both companies valued at $80 billion
- Marathon ($MARA) plans to raise $2 billion through a stock sale to accumulate more BTC
Top Gaining Cryptocurrencies:
- SAFE → +9.5% to $0.5868
- WAL → +7.4% to $0.4508
- ZEC → +5.5% to $37.92
- EOS → +4.2% to $0.6131
- BTSE → +3.5% to $1.22
Top Losing Cryptocurrencies:
- NEO → -22.5% to $5.01
- TEL → -17.6% to $0.0042
- AIC → -14.3% to $0.1857
- KET → -12.5% to $0.1860
- IBERA → -11.5% to $6.71
Other Data:
Dominance:
- Bitcoin: 62.22% ▲ 0.01%
- Ethereum: 8.33% ▲ 0.40%
Daily Net ETF Flows:
- BTC ETFs: -$93.20 million
- ETH ETFs: +$4.70 million
Global Markets
Next week, global markets may be shaken by the 25% additional tariff on imported cars imposed by U.S. President Donald Trump, and uncertainty over how other countries will respond. Europe, Canada, and China are expected to retaliate, putting pressure on risk appetite. Meanwhile, U.S. employment data and inflation reports from the Eurozonewill be in the spotlight.
Last week, Trump’s formal tariff announcement and the Personal Consumption Expenditures (PCE) report coming in above expectations triggered a wave of selling in global markets. Concerns that high inflation may persist in the U.S. could push back expectations for Fed rate cuts.
This week’s Non-Farm Payrolls (NFP) data and the ISM Manufacturing and Services Indexes will provide key insights into the health of the U.S. economy. The unemployment rate is expected to remain steady at 4.1%, while job growth is projected to slow.
In Europe, the European Commission’s plan to impose €26 billion in tariffs on U.S. goods stands out as a major development. The first phase, to take effect on Tuesday, will apply €8 billion in import duties. This move is creating pressure particularly in the automotive, industrial, and healthcare sectors. Germany’s inflation data (due Monday) and the Eurozone inflation report (due Wednesday) will be key for the European Central Bank’s (ECB) interest rate decisions. Annual inflation in February was 2.3%, and it's expected to decline to 2.2% in March.
In Asia, the Reserve Bank of Australia’s interest rate decision will be closely watched. Although the bank lowered rates to 4.1% in February, no additional cut is expected this week. Despite inflation dropping to 2.4%, rates are likely to remain unchanged due to still-low unemployment.
In summary, Trump’s additional tariffs and global trade tensions continue to create uncertainty in markets. U.S. employment data and inflation indicators will offer clues about the Fed’s monetary policy, while European trade policies and economic indicators will also be closely monitored.
Top Companies by Market Cap and Share Price
- Apple (AAPL) → $3.27T market cap, $217.90/share, ▼ 2.66%
- Microsoft (MSFT) → $2.82T market cap, $378.80/share, ▼ 3.02%
- NVIDIA (NVDA) → $2.68T market cap, $109.67/share, ▼ 1.58%
- Amazon (AMZN) → $2.04T market cap, $192.72/share, ▼ 4.29%
- Alphabet (GOOG) → $1.89T market cap, $156.06/share, ▼ 4.89%
Precious Metals and Exchange Rates
- Gold: 3,801 TL
- Silver: 41.58 TL
- Platinum: 1,213 TL
- USD: 37.92 TL
- EUR: 41.02 TL
See you again tomorrow with the latest updates!
