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.We can say that Bitcoin crowned its ongoing volume trend with a new all-time high. After breaking out of the previous trend, BTC decisively surpassed key resistance levels and reached a record high of $111,999, followed by a natural pullback. This movement successfully met the previously highlighted $111,800 target. Going forward, as long as Bitcoin holds above the $109,600 level, the positive sentiment is likely to persist. The next target lies in the $114,000 region.Following Bitcoin’s lead, Ethereum continues to push through major resistance levels. Holding above $2,700 would support this bullish outlook. If the $2,880 resistance is broken, the $3,000 zone will be the next target.
Crypto News
- Trump announces 50% tariffs on Brazil
- Coinbase to list SKY and USDS
- The SEC postponed in-kind refunds for the BlackRock Spot Ethereum ETF
- The SEC approved in-kind redemptions for the Bitwise Bitcoin ETF Trust and Bitwise Ethereum ETF
- Circle enters into a USDC revenue-sharing agreement with ByBit, the second-largest crypto exchange
- Nvidia plans to launch a new AI chip specifically designed for China in September
- Trump: “Lower the interest rate.”
- Ripple will hold its $500 million reserve of $RLUSD crypto stablecoin with BNY Mellon
- Nvidia becomes the first company to reach a $4 trillion market capitalization
- Trade Advisor Navarro: The Fed needs to lower interest rates in July
Cryptocurrencies
Top Gainers:
- M → Up 69.5% to $0.35883003
- PENGU → Up 23.9% to $0.01821681
- BANANAS31 → Up 22.5% to $0.02508994
- ZBCN → Up 20.8% to $0.00359288
- USELESS → Up 17.2% to $0.30264032
Top Losers:
- TKX → Down 10.1% to $12.70
- VENOM → Down 2.1% to $0.22408004
- GRASS → Down 1.6% to $1.15
- MX → Down 1.3% to $2.41
- LEO → Down 1.2% to $8.99
Fear Index:
- Bitcoin: 68 (Greed)
- Ethereum: 56 (Greed)
Dominance:
- Bitcoin: 64.77% ▲ 0.02%
- Ethereum: 9.77% ▼ 0.09%
Total Daily Net ETF Inflows:
- BTC ETFs: $215.70 Million
- ETH ETFs: $211.30 Million
Global Markets
While the Fed minutes reveal ongoing disagreements among members regarding interest rate cuts and inflation, U.S. President Trump has intensified his calls for a rate cut, this time proposing a reduction of up to 300 basis points.The tariff agenda has also regained momentum. After sending letters to 14 countries earlier this week, the U.S. extended similar communications yesterday to the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, and Sri Lanka.Despite these developments, market reactions to the tariff announcements continue to fade. The VIX index fell by 0.9 points yesterday to 15.9, signaling a sustained recovery in risk appetite.In the Fed minutes, members expressed differing views on whether the inflationary effects of tariffs would be transitory or persistent. They emphasized that overall growth and employment remain strong, that monetary policy is currently sufficiently tight, and that further action will depend on more conclusive data.
Most Valuable Companies and Stock Prices
- NVIDIA (NVDA) → $3.97 trillion market capitalization, $162.88 per share, up 1.80%
- Microsoft (MSFT) → $3.74 trillion market capitalization, $503.51 per share, up 1.39%
- Apple (AAPL) → $3.15 trillion market capitalization, $211.14 per share, up 0.54%
- Amazon (AMZN) → $2.36 trillion market capitalization, $222.54 per share, up 1.45%
- Alphabet (GOOG) → $2.15 trillion market capitalization, $177.66 per share, up 1.43%
Borsa Istanbul
Domestically, May industrial production data is set to be released today. In April, production declined by 3.1% month-on-month but posted a 12.5% year-on-year increase. Preliminary indicators suggest that the weak production trend persisted into May.Following a two-day decline, the BIST-100 index rebounded above the 10,000 mark yesterday, supported by buying interest in banking, holding companies, Tüpraş, and Turkish Airlines shares. This upward move was fueled by expectations of a rate cut at the Monetary Policy Committee (MPC) meeting scheduled for July 24th, alongside a generally optimistic tone in domestic markets.Treasury and Finance Minister Şimşek, who met with investors in London yesterday, remarked that reserves have strengthened and the risk of volatility in the Turkish Lira has diminished. In addition to industrial production data, markets will also closely watch President Erdoğan’s statements on Saturday. The upward momentum in the BIST is expected to continue today.
Companies with the Highest Market Value on Borsa Istanbul
- QNB Finansbank (QNBTR) → 914.55 billion TL market capitalization, 281.00 TL per share, 2.93% increase
- Aselsan Elektronik Sanayi (ASELS) → 694.03 billion TL market capitalization, 149.7 TL per share, down 1.64%
- Türkiye Garanti Bankası (GARAN) → 576.66 billion TL market capitalization, 139.6 TL per share, 1.68% increase
- Koç Holding A.Ş. (KCHOL) → 392.81 billion TL market capitalization, 160.3 TL per share, 3.49% increase
- Türk Hava Yolları A.O. (THYAO) → Market capitalization: 387.09 billion TL, price per share: 286.75 TL, increased by 2.23%
Precious Metals and Currency Prices
- Gold: 4,278 TL
- Silver: 46.93 TL
- Platinum: 1,744 TL
- Dollar: 40.01 TL
- Euro: 47.05 TL
We look forward to bringing you the latest updates again tomorrow.
