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's all‑time high continues to climb, with the latest peak reaching $108,404 today. The likelihood of this level increasing further in the coming hours and days remains strong, supported by a surge in trading volume that we haven’t seen in quite some time. Overall, the prevailing sentiment around BTC appears firmly positive.
Ethereum has also achieved its long‑anticipated $3,000 milestone. This upward movement signals that it’s not just Bitcoin, but the broader market, especially ETH, that is currently in a strong bullish phase.
Crypto News
- TRUMP said the following in a post on TRUTH SOCIAL: "Stocks and cryptocurrencies have reached all‑time highs. This strength demonstrates the robustness of the economy. The Fed should swiftly lower interest rates to reflect this strength."
- Robinhood officially launched $ETH and $SOL staking in the US.
- Fed member Waller: Stablecoins will increase competition in payment systems.
- Fed member Daly: The economy is in good shape, with strong growth and employment. Inflation is falling. Monetary policy remains restrictive.
- Fed member Daly: I'm considering a rate cut in the fall.
Cryptocurrencies
Top Gainers:
- M → Up 50.7% to $0.56798979
- MOG → Up 29.5% to $0.00000166
- ENA → Up 27.3% to $0.37180338
- SNEK → Up 27.1% to $0.00275231
- B → Up 24.4% to $0.46838309
Top Fallers:
- USELESS → Down 6.5% to $0.27971634
- ZBCN → Down 6.0% to $0.00344617
- TKX → Down 4.1% to $12.12
- VENOM → Down 0.7% to $0.22752356
- USDY → Down 0.5% to $1.09
Fear Index:
- Bitcoin: 70 (Greed)
- Ethereum: 58 (Greed)
Dominance:
- Bitcoin: 64.65% ▼ 0.03%
- Ethereum: 9.97% ▼ 0.21%
Total Daily Net ETF Inflows
- BTC ETFs: $1.18 B
- ETH ETFs: $383.10 M
Global Markets
US stock indices broke records ahead of the earnings season, driven by generally positive sentiment. The S&P 500 rose 0.27%, the Dow Jones Industrial Average rose 0.43%, and the Nasdaq rose 0.09%. Tariff‑related risks remained in the background in the markets, while investors focused on corporate balance sheets. The VIX volatility index fell 0.2 points to 15.8.In the US, unemployment benefits applications for the week ending July 5 fell short of expectations at 227,000. This data suggests a continued strong outlook in the labor market. However, ongoing applications reached their highest level since November 2021, indicating that companies are being cautious in hiring new employees.
Most Valuable Companies and Stock Prices
- NVIDIA (NVDA) → $4 T market cap, $164.10 per share, up 0.75%
- Microsoft (MSFT) → $3.73 T market cap, $501.48 per share, down 0.40%
- Apple (AAPL) → $3.17 T market cap, $212.41 per share, up 0.60%
- Amazon (AMZN) → $2.36 T market cap, $222.26 per share, down 0.13%
- Alphabet (GOOG) → $2.16 T market cap, $178.70 per share, up 0.59%
Borsa Istanbul
Domestic industrial production for May increased by 3.1% month‑over‑month and 4.9% year‑over‑year. While capital goods were particularly prominent in this strong increase, there were also increases in sectors related to construction, as well as textiles and clothing. Balance of payments, retail sales, turnover, and foreign‑trade indices will be released today. The current‑account deficit is expected to reach around $1 billion in May.Borsa Istanbul continued its rise, fueled by positive expectations for President Erdoğan's statements this weekend. It is rumored that the announcement may include new steps in both domestic politics and relations with the US. With positive data in industrial production, the upward trend in the BIST is expected to continue today.
Companies with the Highest Market Value on Borsa Istanbul
- QNB Finansbank (QNBTR) → Market cap 948.05 B TL, 283.00 TL per share, 0.00% change
- Aselsan Elektronik Sanayi (ASELS) → Market cap 695.4 B TL, 152.3 TL per share, down 0.13%
- Türkiye Garanti Bankası (GARAN) → Market cap 595.98 B TL, 143.5 TL per share, up 1.13%
- Koç Holding A.Ş. (KCHOL) → Market cap 414.37 B TL, 164.7 TL per share, up 0.80%
- Türk Hava Yolları A.O. (THYAO) → Market cap 401.58 B TL, 294.75 TL per share, up 1.29%
Precious Metals and Currency Prices
- Gold: 4,309 TL
- Silver: 48.42 TL
- Platinum: 1,774 TL
- US Dollar: 40.16 TL
- Euro: 46.97 TL
We look forward to bringing you the latest updates again tomorrow.
