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 is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade in this area. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 area could be targeted.
Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. Having surged sharply to the $3,800 region, ETH has entered the trend zone. A breakout of this zone could lead to significant gains for Ethereum. In the event of a pullback, the $3,500 level will act as support.
Crypto News
- $MIU Coin was listed on the BitMart Exchange.
- Elon Musk's SpaceX company transferred $152 million worth of Bitcoin for the first time in three years.
- Spot Ethereum ($ETH) ETF trading volume exceeded $3.1 billion today.
- MicroStrategy Inc. - The strategy announced the IPO of 5 million STRC shares. The proceeds will be used for general corporate purposes, including purchasing Bitcoin.
- GameSquare added 8,351 ETH to its crypto treasury.
- Tron founder Justin Sun will travel to space on a Blue Origin rocket.
- Polymarket is acquiring an exchange to re-enter the US after the Department of Justice (DOJ) closed its investigation.
- Ethena announced a $260 million purchase of $ENA.
- BitGo filed confidentially for an IPO in the United States.
- Trump Media announced that its Bitcoin purchases have reached $2 billion.
Cryptocurrencies
Top Gainers:
- TKX → Up 27.7% to $10.12
- ZBCN → Up 10.6% to $0.00388996
- QNT → Up 9.6% to $130.64
- KAS → Up 7.9% to $0.11380462
- AIOZ → Up 7.1% to $0.45738223
Top Losers:
- PUMP → Down 14.7% to $0.00369132
- CKB → Down 13.2% to $0.00542485
- MORPHO → Down 12.4% to $1.92
- BLUR → Down 11.9% to $0.10628191
- XTZ → Down 11.5% to $0.95667116.
Fear Index:
- Bitcoin: 72 (Greed)
- Ethereum: 60 (Greed)
Dominance:
- Bitcoin: 60.99% ▲ 0.71%
- Ethereum: 11.61% ▼ 1.44%
Total Daily Net ETF Inflows
- BTC ETFs: -$131.40 Million
- ETH ETFs: $296.50 Million
Global Markets
Global risk appetite is balanced. The Japanese elections concluded uneventfully but without uncertainty. While political pressure on Fed Chair Powell continues, the market impact is limited at this stage.
The VIX index rose slightly to 16.7 yesterday but remained around the July average, signaling continued cautious optimism.
The US leading indicator index fell 0.3% to 98.8 in June. While the stock market rose, weakening consumer confidence and orders offset this effect. While concerns about tariffs have negatively impacted confidence since the beginning of the year, a partial recovery has been observed recently.
Most Valuable Companies and Stock Prices
- NVIDIA (NVDA) → $4.18 trillion market capitalization, $171.38 per share, down 0.60%.
- Microsoft (MSFT) → $3.79 trillion market capitalization, $510.06 per share, unchanged (0.00%).
- Apple (AAPL) → $3.17 trillion market capitalization, $212.48 per share, up 0.62%.
- Amazon (AMZN) → $2.43 trillion market capitalization, $229.30 per share, increased by 1.40%.
- Alphabet (GOOG) → $2.31 trillion market capitalization, $191.15 per share, increased by 2.80%.
Borsa Istanbul
The Central Bank of the Republic of Turkey (CBRT)'s July Market Participants Survey has been released. Year-end inflation expectations fell to 29.7%. The 2026 forecast remained unchanged at 20.4%. Long-term expectations remain above the CBRT's target range. The interest rate cut is expected to begin this month and continue in 250 basis point increments at each meeting for the rest of the year.
The Treasury issued 23.8 billion TL worth of lease certificates with a 5-year maturity yesterday. Today, dollar-denominated bonds and lease certificates will be sold. The BIST-100 continued its upward trend, closing at its highest level since March 18th. The index is 6% below last year's peak. While bond yields have eased, they are still 100 basis points above early July levels. The CDS premium has fallen to 285 basis points. BIST is expected to continue its buying trend today. Second-quarter earnings and the August 4th CPI data will be closely watched later this week.
Companies with the Highest Market Value on Borsa Istanbul
- QNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 439.00 TL, increased by 9.96%.
- Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 806.21 billion TL, price per share of 176.3 TL, decreased by 0.28%.
- Türkiye Garanti Bankası (GARAN) → 600.6 billion TL market capitalization, 142.1 TL per share price, decreased by 0.63%.
- Koç Holding A.Ş. (KCHOL) → Market capitalization: 438.2 billion TL, price per share: 172.0 TL, decreased by 0.46%.
- Turkish Airlines Inc. (THYAO) → Market capitalization: 405.72 billion TL, price per share: 297.50 TL, increased by 1.19%.
Precious Metals and Currency Prices
- Gold: 4396 TL
- Silver: 50.66 TL
- Platinum: 1889 TL
- Dollar: 40.40 TL
- Euro: 47.25 TL
We look forward to bringing you the latest updates again tomorrow.
