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 out of 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 indicate significant upward movement for Ethereum. In the event of a pullback, the $3,500 level will act as support.
Crypto News
- 21Shares filed an amended S-1 form for the $DOGE ETF.
- 21Shares has applied for a spot ETF for ONDO.
- US Treasury Secretary Bessent: Negotiations with the EU are progressing better than before.
- $MIU Coin has been listed on the XT Exchange.
- Goldman Sachs and BNY are preparing to announce the development of a system that allows institutional investors to purchase tokenized money market funds.
- Joe McCann reportedly plans to allocate $1 billion for Solana Treasury Co. amid a nearly 70% decline in liquid funds.
- Tesla neither sold nor bought Bitcoin in the second quarter.
Cryptocurrencies
Top Gainers:
- REKT → Up 13.9% to $0.65251379
- SYRUP → Up 12.6% to $0.48162868
- SAROS → Up 9.7% to $0.37939587
- TKX → Up 7.5% to $10.81
- M → Up 5.2% to $0.44668162
Top Fallers:
- MOVE → Down 23.6% to $0.13945918
- PUMP → Down 19.9% to $0.00303355
- FLR → Down 19.1% to $0.02229203
- APT → Down 16.5% to $4.63
- GRASS → Down 16.5% to $0.92743664.
Fear Index:
- Bitcoin: 72 (Greed)
- Ethereum: 61 (Greed)
Dominance:
- Bitcoin: 61.92% ▲ 0.08%
- Ethereum: 11.49% ▲ 0.21%
Total Daily Net ETF Inflows
- BTC ETFs: -$85.80 Million
- ETH ETFs: $332.20 Million
Global Markets
Global markets continue to find support from the US-Japan trade agreement. The US's initiation of similar talks with the European Union is positively impacting European stock markets. Asian stocks, US and European futures are trading higher this morning.
Global markets closed strong yesterday thanks to positive news. Risk appetite remains high today. The VIX index fell 1.1 points to 15.4. This level is the lowest in five months and indicates a diminishing perception of short-term risk in the markets.
Most Valuable Companies and Stock Prices
- NVIDIA (NVDA) → $4.17 trillion market capitalization, $170.78 per share, increased 2.25%.
- Microsoft (MSFT) → $3.76 trillion market capitalization, $505.87 per share, increased 0.12%.
- Apple (AAPL) → $3.2 trillion market capitalization, $214.15 per share, decreased 0.12%.
- Amazon (AMZN) → $2.42 trillion market capitalization, $228.29 per share, increased 0.36%.
- Alphabet (GOOG) → $2.32 trillion market capitalization, $191.51 per share, fell 0.31%.
Borsa Istanbul
Markets are watching the Central Bank of the Republic of Turkey (CBRT) interest rate decision, which will be announced at 2:00 PM today. The CBRT, which held interest rates steady in June, is expected to cut the policy rate by 250 basis points today to 43.50%. Ahead of the decision, the BIST-100 index was trading flat around the 10,600 level. Despite intra-session fluctuations following the Special Consumption Tax (SCT) increase, the index is expected to close the day flat above 10,500.
Companies with the Highest Market Capitalization on Borsa Istanbul
- QNB Finansbank (QNBTR) → $1.34 trillion market capitalization, $400.25 per share, increased 0.06%.
- Aselsan Electronics Industries (ASELS) → Market value of 821.26 billion TL, price per share of 185.4 TL, increased by 2.94%.
- Turkey Garanti Bank (GARAN) → Market value of 589.26 billion TL, price per share of 140.4 TL, increased by 0.07%.
- Koç Holding A.Ş. (KCHOL) → Market value of 432.62 billion TL, price per share of 171.0 TL, increased by 0.23%.
- Turkish Airlines Inc. (THYAO) → Market value of 406.41 billion TL, price per share of 294.75 TL, increased by 0.08%.
Precious Metals and Currency Prices
- Gold: 4,396 TL
- Silver: 50.85 TL
- Platinum: 1,819 TL
- Dollar: 40.46 TL
- Euro: 47.71 TL
We look forward to bringing you the latest updates again tomorrow.
