You can find today’s edition of “Daily Market with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the general market conditions together and take a look at the latest evaluations.
Bitcoin (BTC) dropped as low as $101,150 after breaking down from the ascending channel on the 4-hour chart and losing the $104,977 support. This decline, supported by high-volume selling, was also influenced by the political tension between Trump and Musk. However, with a strong reaction from the $101,059–$100,063 zone, the price is now around $103,200.
Holding this support zone increases the likelihood of a recovery. In upward moves, the $102,137 and especially the $104,977 resistance levels are important. Without a break above $104,977, it’s difficult to talk about a sustained rise. Otherwise, $96,914 and $96,115 levels could come back into play.
Ethereum (ETH) declined from the $2,838 level down to the $2,385 support. With a bounce from this zone, it is now trading around $2,460. The $2,385 level continues to be monitored as strong support. If this level is breached, the $2,098 and $2,004 support levels may come into focus.
For upward recovery to gain strength, the $2,711 resistance must be broken first. If this level is broken, $2,838 may be targeted again. Holding above $2,385 is critical for the continuation of the positive scenario.
Crypto News
- Tether minted $1 billion in USDT
- Nasdaq filed a SEC Form 8-K proposing to expand its crypto benchmark index from 5 to 9 assets, adding $XRP, $SOL, $ADA, and $XLM
- President Trump said his relationship with Elon Musk is over
- $1.5 trillion Deutsche Bank is considering launching its own crypto stablecoin
- President Trump: “We’ve made a lot of progress on the 🇺🇸🇨🇳 China deal”
- Eric Trump announced a partnership between World Liberty Financial and the $TRUMP meme coin
- Crypto company Gemini submitted a confidential IPO application in the U.S.
Top Gainers in Cryptocurrencies
- RVN → Up 16.5% to $0.01812467
- KAIA → Up 15.6% to $0.12306084
- ICP → Up 10.3% to $5.85
- FARTCOIN → Up 8.3% to $1.08
- KTA → Up 8.2% to $1.62
Top Losers
- EVOLVE → Down 91.1% to $0.0000292
- DEXE → Down 16.7% to $8.85
- EOS → Down 11.2% to $0.56714183
- LPT → Down 8.7% to $7.55
- ZBCN → Down 7.0% to $0.00446442
Fear Index
- Bitcoin: 60 (Greed)
- Ethereum: 50 (Neutral)
Dominance
- Bitcoin: 64.63% ▲ 0.09%
- Ethereum: 9.27% ▼ 0.45%
Daily Net ETF Flows
- BTC ETFs: -$47.80 million
- ETH ETFs: $25.30 million
Global Markets
Global markets are starting the week with cautious optimism, focusing on the high-level U.S.–China trade talks beginning in London. While Asian stock markets are rising, U.S. and European futures are showing slight declines. A mixed trend prevails in U.S. markets: strong employment data (139,000 new jobs) supported a recovery in tech stocks, but Tesla and other sensitive stocks remain volatile.
On the macro front, signs of a slowdown in the U.S. economy continue: ADP private sector employment rose by only 37,000 in May, and the ISM services PMI fell to 49.9, indicating contraction. Eurozone services PMI data fell to 49.7 in May, and the ECB conducted its eighth interest rate cut of the year.
Asian markets, meanwhile, are showing positive sentiment. The MSCI Asia-Pacific Index rose by 0.7%, Nikkei by 0.9%, and Hang Seng by 0.8–1.4%. Gold rose by 0.4% due to safe-haven demand, reaching around $3,323.7/oz, while platinum is also recovering. Oil prices slightly declined due to weak data from China (WTI ~$64.43, Brent ~$66.29), but are supported by hopes surrounding U.S.–China talks.
The OECD has revised its global growth forecasts for 2025–2026 downward from 3.3% to 2.9%. U.S. growth is expected to fall to 1.6%, and China’s to 4.3% from 4.7%. This week, markets are focused on U.S. CPI and non-farm payroll data, post-ECB European bond yields, and tangible signals from the trade talks in London.
Overall, while risk appetite is supported by strong jobs data and the U.S.–China talks, weak economic indicators and geopolitical uncertainty suggest that cautious pricing will continue.
Most Valuable Companies and Stock Prices
- Microsoft (MSFT) → $3.5 trillion market cap, $470.38 per share, +0.58%
- NVIDIA (NVDA) → $3.46 trillion market cap, $141.72 per share, +1.24%
- Apple (AAPL) → $3.05 trillion market cap, $203.92 per share, +1.64%
- Amazon (AMZN) → $2.27 trillion market cap, $213.57 per share, +2.72%
- Alphabet (GOOG) → $2.11 trillion market cap, $174.92 per share, +3.01%
Precious Metals and Exchange Rates
- Gold: 4,189 TL
- Silver: 45.82 TL
- Platinum: 1,526 TL
- Dollar: 39.22 TL
- Euro: 44.90 TL
See you again tomorrow with the latest updates!
