You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.
Bitcoin continues its high-volume structure that it has maintained for several days. The downward trend it started in May experienced a strong upward breakout and then successfully retested the $108,500 level. As we mentioned in yesterday's bulletin, the $110,600 and $111,920 levels are currently short-term targets. Our $110,600 target has been achieved. The next target is $111,920, which is noteworthy as it represents the highest point BTC has reached. If a new all-time high (ATH) is achieved, the $114,000 and $120,000 levels will be closely monitored. In the event of a pullback, the trend zone — the $108,000 area — will be the first area to react. Below that, the $107,100 level will come into focus.
Ethereum is currently trading in the middle of the narrowing triangle pattern we observed when looking at the broader picture. Staying above the $2,420 level was important in the short term. It has now returned to the previous range. As with Bitcoin, volume remains high here, and a rise toward the recently tested $2,680 and $2,900 levels can be expected. In pullbacks, the $2,275–$2,400 support range will be monitored.
Crypto News
- The US House of Representatives declared July 14–18 as “Crypto Week.”
- Tether minted $1 billion worth of USDT.
- The SPK imposed an access ban on PancakeSwap on the grounds that it was conducting unauthorized crypto asset service provider activities.
- The US House of Representatives approved Trump’s “Big and Beautiful Plan.”
- Ondo Finance and Pantera Capital allocated $250 million to RWA tokenization.
- US Treasury Secretary Bessent: US Trade Representative Greer will hold talks with the EU over the weekend.
- U.S. Senator Lummis introduced a bill that would exempt crypto transactions under $300 from taxation.
Cryptocurrencies
Top Gainers:
- TOSHI → +7.4% → $0.00050795
- PLUME → +4.3% → $0.1076886
- ZEC → +3.7% → $40.79
- AMP → +2.5% → $0.00351222
- AKT → +2.2% → $1.11
Top Losers:
- KTA → –15.0% → $0.58735564
- USELESS → –11.2% → $0.22904396
- MOG → –9.2% → $0.09954781
- AIOZ → –9.0% → $0.3033793
- BRETT → –9.0% → $0.04279332
Fear Index:
- Bitcoin: 71 (Greed)
- Ethereum: 57 (Greed)
Dominance:
- Bitcoin: 65.30% ▲ 0.04%
- Ethereum: 9.35% ▼ 0.18%
Daily Total Net ETF Inflows
- BTC ETFs: $601.80 million
- ETH ETFs: $148.50 million
Global Markets
Following yesterday’s strong non-farm payrolls data, the likelihood of a July interest rate cut by the Federal Reserve — which had been increasingly expected in recent days — has diminished. As of this morning, the total amount of rate cuts priced in by year-end has decreased from 65 basis points to 53 basis points. Despite downside risks to growth from high tariff policies and global volatility, robust employment figures signal resilience in the U.S. economy, thereby supporting risk appetite. The VIX fear index dropped by 0.3 points to 16.4 yesterday, indicating that the improvement in market sentiment has extended into July.
Most Valuable Companies and Stock Prices
- NVIDIA (NVDA) → $3.89 trillion, $159.34 ▲ 1.33%
- Microsoft (MSFT) → $3.71 trillion, $498.84 ▲ 1.58%
- Apple (AAPL) → $3.19 trillion, $213.55 ▲ 0.52%
- Amazon (AMZN) → $2.37 trillion, $223.41 ▲ 1.59%
- Alphabet (GOOG) → $2.18 trillion, $180.55 ▲ 0.44%
Borsa Istanbul
In Türkiye, the monthly inflation rate for June was 1.37%, below the 1.45% forecast. Annual inflation dropped from 35.41% to 35.05%. Thus, after a long interval, inflation remained under 2% for two consecutive months. The ongoing decline in the main trend of monthly inflation and the retreat in annual inflation have raised expectations for an interest rate cut by the CBRT this month.
Yesterday, banking stocks saw profit-taking following the lower-than-expected inflation data. However, strong buying in Aselsan enabled the index to close positively. Today, trading volume on the BIST may remain low as US markets are closed. The main focus will be on the US tariff announcement scheduled for July 9 next week.
Companies with the Highest Market Value on Borsa Istanbul
- QNB Finansbank (QNBTR) → 948.05 billion TL, 280.00 TL ▼ 1.06%
- Aselsan Electronics Industry (ASELS) → 683.09 billion TL, 150.00 TL ▲ 0.13%
- Türkiye Garanti Bankası (GARAN) → 569.52 billion TL, 135.20 TL ▼ 0.29%
- Koç Holding A.Ş. (KCHOL) → 410.05 billion TL, 160.70 TL ▼ 0.62%
- Turkish Airlines A.O. (THYAO) → 402.27 billion TL, 292.50 TL ▲ 0.34%
Precious Metals and Currency Prices
- Gold: 4,273 TL
- Silver: 47.21 TL
- Platinum: 1,766 TL
- Dollar: 39.84 TL
- Euro: 46.99 TL
We look forward to bringing you the latest updates again tomorrow!
