You can access the "Daily Market with JR Crypto" 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 $ 90,860. While the $ 90,700 region stands out as an important support point, a pullback to the $ 89,000 region can be seen below this level. In upward movements, $ 96,000 is followed as a resistance point. If BTC can exceed this level, it can gain upward momentum towards levels of $ 98,500 and above.
Ethereum (ETH) is currently trading at $ 2,285. While the $ 2,260 level stands out as the first support point, there is a risk of a pullback to $ 2,200 if this level is dropped below. In upward movements, the $ 2,550 resistance will be followed as a critical region. If this level is broken, ETH could gain momentum towards the $2,650 level.
Crypto News
- New Hampshire’s Bitcoin reserve bill (HB302) was approved by a 16-1 vote in a House committee.
- SEC Meets with Circle Internet Financial to Discuss Regulation of Crypto Assets Including USDC Payment Stablecoin
- Belarusian President Lukasheko calls for crypto mining
- Bitwise files for APT ETF
- Robinhood to list Arbitrum (ARB)
Cryptocurrencies
Top Gainers
FARTCOIN → Up 25.6% to $0.331502
WEMIX → Up 20.7% to $0.57311053
MOVE → up 17.3% to $0.47735783.
ONDO → up 14.3% to $1.17.
CHEX → up 14.1% to $0.32025903.
Top Fallers
PTGC → down 9.6% to $0.00061784.
KAITO → down 8.5% to $1.71.
VIRTUAL → down 6.2% to $0.84323039.
MKR → down 6.2% to $1,346.26.
AI16Z → down 6.2% to $0.28229599.
Total Daily Net ETF Inflows
BTC ETFs: $22.10M
ETH ETFs: -$63.30M
Data to Watch Today
14:00 / Turkey - One Week Repo Rate
Expected: 42.50%
Previous: 45.00%
14:00 / Turkey - Overnight Borrowing Rate
Previous: 42.00%
16:30 / US - Unemployment Claims
Expected: 234K
Previous: 242K
Global Markets
US stock markets rose strongly after it was announced that cars from Canada and Mexico will be exempt from 25% customs duties for one month. The S&P 500 gained 1.12%, the Dow Jones gained 1.14%, and the Nasdaq gained 1.46%. While 9 out of 11 sectors in the S&P 500 increased, the best performance was seen in raw materials, discretionary consumption, and industrial stocks. The infrastructure and energy sectors were under selling pressure.
The ADP private sector employment data announced in the US increased by 77 thousand, falling short of expectations of 141 thousand, and fell to its weakest level in the last 7 months. Employment in small businesses fell, while job losses were experienced in the trade, transportation, health, education, and information sectors. Despite this, the service sector maintained its strength. The ISM service index rose to 53.5 in February. While the new orders and employment sub-indices remained in expansion territory, the price index was measured above 60 for the last three months in a row.
In the oil market, prices were under pressure due to the OPEC+ decision to increase supply in April and the impact of Donald Trump's trade policies. US crude oil inventory data exceeding expectations also supported the decline. As a result, oil prices are trading at their lowest levels in the last six months.
Asian stock markets are on a positive track, led by technology stocks in particular, while European stock markets are also expected to start the day with an increase.
Most Valuable Companies and Stock Prices
Apple (AAPL) → Market value $3.54T, price per share $235.74
Microsoft (MSFT) → Market value $2.98T, price per share $401.02
NVIDIA (NVDA) → Market value $2.86T, price per share $117.30
Amazon (AMZN) → Market value $2.21T, price per share $208.36
Alphabet (GOOG) → Market value $2.12T, price per share $174.99
Borsa Istanbul
The CBRT is expected to cut the policy rate by 250 basis points today to 42.5%. The European Central Bank (ECB) interest rate decision and weekly unemployment benefit applications in the US will be followed abroad. The ECB is also expected to cut interest rates by 25 basis points.
BIST-100 index rose above 10 thousand yesterday with strong purchases, achieving its highest closing in the last three months. While holding, aviation, retail and iron and steel stocks contributed to the increase, the banking sector showed a more limited performance. Today, stock-based volatility is expected to increase after the TCMB's interest rate decision.
Technically, the index is on a strong course and the 10197-10276 band is the resistance zoneIt is being monitored as. Exceeding this level may support the continuation of the rise. In upward movements, the levels of 10569 and 11156 may come to the agenda. In possible pullbacks, the levels of 10030, 9963 and 9895 will be monitored as support. While the opening is expected to be bullish, activity may increase after the TCMB interest rate decision.
Stocks That Increased the Most:
DSTKF → increased by 10.00% to 115.50 TL.
DAGHL → increased by 9.99% to 33.02 TL.
AVHOL → increased by 9.98% to 38.12 TL.
BULGS → increased by 9.96% to 23.84 TL.
KSTUR → increased by 9.95% to 4,640.00 TL.
Stocks That Declined the Most:
TNZTP → -37.84% down to 30.68 TL.
AKYHO → -9.97% down to 3.43 TL.
TRILC → -9.97% down to 24.38 TL.
PEHOL → -9.95% down to 15.48 TL.
SKYMD → -8.70% down to 19.83 TL.
Companies with the Highest Market Value on Borsa Istanbul
QNB Finansbank (QNBTR) → 919.58 billion TL market value, 285.00 TL per share price, +3.83% increase.
Türkiye Garanti Bankası (GARAN) → 578.34 billion TL market value, 139.6 TL per share price, +0.07% increase.
Aselsan Elektronik Sanayi (ASELS) → 463.75 billion TL market value, 108.4 TL per share price, +2.85% increase.
Turkish Airlines (THYAO) → 437.81 billion TL market value, 327.25 TL per share price, +0.31% increase.
Koç Holding (KCHOL) → 384.7 billion TL market value, 162.6 TL per share price, +0.81% increase.
Precious Metals and Currency Prices
Gold: 3418 TL
Silver: 38.16 TL
Platinum: 1132 TL
Dollar: 36.42 TL
Euro: 39.42 TL
Hoping to meet again tomorrow with the latest news!
Author: Besim Şen
