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 continued its high-volume structure from last week into the weekend, closing the stable Sunday with an increase at the $109,200 level. BTC, which experienced a strong upward breakout from the downtrend that began in May, is now consolidating above this structure. The $108,900 resistance level is a key threshold at this point. As long as the price stays above this level, it will aim to break through the $110,600 peak. In case of pullbacks, the $108,900 level we mentioned earlier, followed by the trend support we saw at the average $108,000 point, could keep the price in this region. In an upward scenario, if the $111,920 peak is surpassed, the first targets after the new ATH will be the $114,000 and $120,000 levels.Ethereum also followed Bitcoin, closing the week with a volume-driven rise. When we look at ETH from a broader perspective, we observe that it continues to trade within the range. The $2,465 level plays a key role at this point. After last week's significant rise, it is positive that the price remains above this level. It is also trading in a critical area in the short term. The $2,595–$2,550 area stands out as a broad resistance area. We have reached the $2,600 target we gave in previous bulletins. However, if this region is breached, the price could rise as high as the $2,700 region.
Crypto News
- Authorities have announced that there is no golden visa for digital currency investors in the UAE.
- White House Economic Advisor Hassett stated that the likelihood of a recession is zero.
- Kazakhstan plans to establish a Bitcoin and crypto reserve.
- Toncoin has partnered with the UAE and started offering 10-year golden visas to TON stakers.
- A Bitcoin whale that has been dormant since 2011 moved 60,000 BTC today. The investor holds a total of 80,009 BTC ($8.69 billion).
Cryptocurrencies
Top Gainers:
- TIA → Increased by 13.2% to $1.67
- B → Increased by 13.1% to $0.39170547
- SPX → Increased by 13.1% to $1.37
- KTA → Increased by 10.8% to $0.68357771
- IP → Increased by 8.6% to $3.19
Top Losers:
- TKX → Declined by 42.6% to $9.04
- PENGU → Declined by 6.3% to $0.01521971
- TON → Declined by 6.2% to $2.82
- USELESS → Declined by 4.8% to $0.27979579
- SAFE → Declined by 2.3% to $0.42950742
Fear Index:Bitcoin: 70 (Greed)Ethereum: 57 (Greed)Dominance:Bitcoin: 65.27% ▼ 0.05%Ethereum: 9.34% ▲ 0.13%
Global Markets
The US non-farm payrolls data for June came in at 147,000, above expectations. The unemployment rate fell from 4.3% to 4.1%. However, we observed a decline in working hours and hourly earnings. After the strong employment data, expectations for interest rate cuts weakened, and sales were seen in the bond market. US stock markets were closed on Friday due to a holiday.Global markets started the new week on a bearish note with tariff news from the US. President Trump announced that tariffs would take effect on August 1 instead of July 9 and signaled a 10% additional tariff on BRICS countries. On Friday, the VIX index rose 1.1 points to 17.5 amid low liquidity and trade uncertainty, indicating a decline in risk appetite.
Most Valuable Companies and Stock Prices
- NVIDIA (NVDA) → Market capitalization of $3.89 trillion, share price of $159.34, up 1.33%
- Microsoft (MSFT) → Market capitalization of $3.71 trillion, share price of $498.84, up 1.58%
- Apple (AAPL) → Market capitalization of $3.19 trillion, share price of $213.55, up 0.52%
- Amazon (AMZN) → Market value of $2.37 trillion, share price of $223.41, up 1.59%
- Alphabet (GOOG) → Market value of $2.18 trillion, share price of $180.55, up 0.44%
Borsa Istanbul
Inflation data declined slightly in June. Monthly inflation was 2.04%. Prices rose slightly faster in services, while the rate of increase slowed in goods. Today, the Treasury's cash balance will be announced. In addition, throughout the week, the government is also set to hold bond and bill auctions with various maturities.The Borsa Istanbul ended last week with a 9% gain, driven by expectations of an interest rate cut. This week, attention will turn to domestic economic data and developments related to U.S. tariff policies. Key items on the economic calendar include today’s cash budget, Thursday’s industrial production and retail sales data, and Friday’s balance of payments report. Additionally, corporate earnings announcements are set to begin. We anticipate the stock market will start the week with a slight pullback.
Companies with the Highest Market Value on the Istanbul Stock Exchange
- QNB Finansbank (QNBTR) → Market value of 922.93 billion TL, share price of 266.50 TL, experienced a 3.27% decline
- Aselsan Elektronik Sanayi (ASELS) → Market value of 689.47 billion TL, share price of 149.10 TL, down 1.39%
- Türkiye Garanti Bankası (GARAN) → Market value of 577.08 billion TL, share price of 137.50 TL, up 0.07%
- Koç Holding A.Ş. (KCHOL) → Market value of 410.05 billion TL, share price of 157.50 TL, a 2.60% decline
- Turkish Airlines A.O. (THYAO) → Market value of 404.00 billion TL, share price of 288.75 TL, experienced a 1.37% decline
Precious Metals and Currency Prices
- Gold: 4,243 TL
- Silver: 47.21 TL
- Platinum: 1,766 TL
- Dollar: 39.94 TL
- Euro: 47.05 TL
We look forward to bringing you the latest updates again tomorrow.
