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 mentioned in our previous newsletters and analyses that Bitcoin faces resistance at $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically sound pullback. A reversal from $117,900 could lead to a move back into the trend zone. In the opposite scenario, the $114,000 support level will be decisive in the short term.
Ethereum continues to test the critical areas mentioned in the analysis, and even price above them.
Crypto News
- Standard Chartered, through its UK subsidiary, has begun offering spot trading services for Bitcoin and Ethereum to institutional clients. The bank is the first major global bank to offer this service. (Reuters)
- A whale, who began selling from his 80,000 Bitcoin holdings, sent another 40,000 BTC worth $4.6 billion to Galaxy Digital.
- ProShares is launching ETFs targeting double the daily returns of Solana (SOL) and XRP.
- Donald Trump: Inflation has arrived. The Fed must lower interest rates. And now.
- SharpLink Gaming announced it holds 280,706 ETH.
Cryptocurrencies
Top Gainers:
- COW → Up 21.7% to $0.44006204
- ENS → Up 19.3% to $26.55
- CVX → Up 15.9% to $4.45
- BSV → Up 15.5% to $29.84
- TEL → Up 13.8% to $0.00647608
Top Losers:
- TKX → Down 15.5% to $9.15
- M → Down 8.2% to $0.39629311
- FARTCOIN → Down 4.6% to $1.21
- EUL → Down 4.0% to $13.23
- FUN → Down 3.2% to $0.0214798
Fear Index:
- Bitcoin: 72 (Greed)
- Ethereum: 61 (Greed)
Dominance:
- Bitcoin: 63.80% ▲ 0.08%
- Ethereum: 10.31% ▼ 0.05%
Total Daily Net ETF Inflows
- BTC ETFs: $403.10 Million
- ETH ETFs: $192.30 Million
Global Markets
The inflation data released in the U.S. yesterday for June came in slightly above expectations. The Consumer Price Index (CPI) rose by 0.3% on a monthly basis, while annual inflation reached 2.7%, compared to the forecast of 2.6%. Core inflation, which excludes food and energy, increased to 2.9% year-over-year.
Rising energy and food prices played a key role in the uptick. Following the data, expectations for a Federal Reserve rate cut this year have weakened, with markets now pushing their projections to the fourth quarter of 2025. There is even growing speculation that rate hikes could be back on the table later this year.
After the inflation data, the VIX index edged up slightly to 17.4, signaling a modest deterioration in risk sentiment. Despite this, global markets opened the day on a positive note, with buying activity observed in U.S. and European futures as well as Asian markets.
Most Valuable Companies and Stock Prices
- NVIDIA (NVDA) → $4.17 trillion market capitalization, $170.70 per share, up 4.04%
- Microsoft (MSFT) → $3.76 trillion market capitalization, $505.82 per share, up 0.56%
- Apple (AAPL) → $3.12 trillion Market capitalization, price per share: $209.11, up 0.23%
- Amazon (AMZN) → Market capitalization: $2.4 trillion, price per share: $226.35, up 0.29%
- Alphabet (GOOG) → Market capitalization: $2.21 trillion, price per share: $183.10, up 0.16%
Borsa Istanbul
The Treasury borrowed a total of 90.3 billion TL in auctions held on Monday. The average compound yield on 2- and 5-year fixed-coupon bonds was 40.80% and 36.15%, respectively.
Today, May service and construction production indices, private sector foreign loan debt, and June budget balance data will be released.
Selling pressure was prominent in banking stocks on Monday. Today, however, may be a day where foreign influences will be closely monitored due to high inflation data in the US and geopolitical developments. We expect a flat trend in the BIST-100.
Companies with the Highest Market Value on Borsa Istanbul
- QNB Finansbank (QNBTR) → Market capitalization of TL 989.09 billion, price per share of TL 295.25, increased by 1.37%
- Aselsan Elektronik Sanayi (ASELS) → Market capitalization of TL 709.08 billion, price per share of TL 155.5, increased by 0.97%
- Türkiye Garanti Bankası (GARAN) → Market capitalization of TL 577.5 billion, price per share of TL 137.5, decreased by 3.31%
- Koç Holding A.Ş. (KCHOL) → Market capitalization of TL 417.16 billion, price per share of TL 164.5, decreased by 0.66%
- Türk Hava Yolları A.O. (THYAO) → Market capitalization 401.58 billion TL, price per share 291.00 TL, decreased 0.68%
Precious Metals and Currency Prices
- Gold: 4314 TL
- Silver: 49.06 TL
- Platinum: 1754 TL
- Dollar: 40.24 TL
- Euro: 46.77 TL
We look forward to bringing you the latest updates again tomorrow.
