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 maintained its strong volume structure since last week and ended Sunday steadily around $109,200. The $108,900 level stands out as a key resistance threshold. As long as the price holds above this level, it will aim to surpass the $110,600 peak. However, as seen yesterday, Bitcoin failed to stay above the $108,900 resistance and pulled back to the $107,300 support level. For now, it seems to have found support in this zone. If this support is lost, the price could decline first to $106,300 and then to the $104,900 support. On the upside, if the $111,920 peak is broken, the next targets following a new ATH would be $114,000 and $120,000.
Ethereum mirrored Bitcoin’s trend, closing last week with rising volume. From a broader perspective, ETH continues to trade within a range. The $2,465 level plays a pivotal role here. Following last week’s notable price increase, it is a positive sign that ETH is holding above this level. In the short term, it is trading within a critical zone. The $2,595–$2,550 range forms a wide resistance area. The $2,600 target we previously highlighted has been reached. Should ETH break above this resistance, the price may rise toward the $2,700 region.
Crypto News
- White House Official: Tariffs will not increase.
- TON Foundation Seeks New Vice President of Marketing After Reactions from "Fake" Partnerships.
- SEC Accepts Truth Spot Bitcoin and Ethereum ETF Application.
- SEC Postpones Fidelity Spot SOL ETF Application.
- Leavitt: Trump will sign a presidential decree postponing the July tariff deadline to August 1.
- Spain's second-largest bank, BBVA, has launched a Bitcoin and Ethereum trading and custody service via its mobile app.
Cryptocurrencies
Top Gainers:
- M → Increased by 89.8% to $0.18881367
- HNT → Increased by 5.2% to $2.41
- GLM → Increased by 3.5% to $0.23439222
- MOCA → Increased by 3.4% to $0.07157369
- BONK → Increased by 3.3% to $0.00002287
Top Losers:
- USELESS → Declined by 13.4% to $0.242857
- B → Declined by 11.3% to $0.35661965
- PLUME → Declined by 10.7% to $0.10422101
- SPX → Declined by 8.2% to $1.23
- SYRUP → Declined by 7.6%, it fell to $0.51531127
Fear Index:
- Bitcoin: 68 (Greed)
- Ethereum: 50 (Neutral)
Dominance:
- Bitcoin: 65.31% ▲ 0.04%
- Ethereum: 9.30% ▼ 0.08%
Global Markets
The US announced that it has imposed new customs duties of 25–40% on 14 countries. These rates will be effective as of August 1. The decision was made in addition to the previously announced sectoral taxes. In addition, the tariff postponement period, which was due to end on July 9, was extended to August 1.Although increasing uncertainty increased volatility in global markets, the reactions were not as harsh as in April. The VIX index increased by 0.3 points to 17.8. This indicates a slight weakening in risk appetite and an increased tendency towards safe havens. US futures started the day with a mixed outlook.
Most Valuable Companies and Stock Prices
- NVIDIA (NVDA) → $3.86 trillion market value, $158.24 per share, down 0.69%
- Microsoft (MSFT) → $3.70 trillion market value, $497.72 per share, down 0.22%
- Apple (AAPL) → $3.14 trillion market value, $209.95 per share, down 1.69%
- Amazon (AMZN) → $2.37 trillion market value, $223.47 per share, up 0.03%
- Alphabet (GOOG) → $2.15 trillion market value, $177.56 per share, down 1.66%
Borsa Istanbul
Treasury Cash Balance had a deficit of 455.1 billion TL in June. While revenues were TL 856.6 billion, expenses were TL 1.31 trillion, interest payments were TL 250.4 billion.BIST-100 started the week with a 1.6% decrease. The risk aversion trend and the cautious atmosphere abroad supported this pullback. While the US postponing the customs duty decision to August 1 reflected positively on European stock markets, the US side remained more cautious.While there was no important data in the country today, the CDS premium increased by 10 basis points. The market will focus on the presentation that Treasury and Finance Minister Şimşek will make to foreign investors. In addition, the second-quarter results of banks may increase stock-based volatility. We expect a horizontal course in the index.
Companies with the Highest Market Value on Borsa Istanbul
- QNB Finansbank (QNBTR) → 922.93 billion TL market value, 267.00 TL per share price, 3.09% decrease
- Aselsan Elektronik Sanayi (ASELS) → 689.47 billion TL market value, 151.3 TL per share price, 0.07% increase
- Türkiye Garanti Bankası (GARAN) → 577.08 billion TL market value, 136.4 TL per share price, 0.73% decrease
- Koç Holding A.Ş. (KCHOL) → 410.05 billion TL market value, 156.7 TL per share price, decreased by 3.09%
- Türk Hava Yolları A.O. (THYAO) → 404.00 billion TL market value, 287.50 TL per share price, decreased by 1.79%
Precious Metals and Currency Prices
- Gold: 4,284 TL
- Silver: 47.32 TL
- Platinum: 1,765 TL
- Dollar: 39.97 TL
- Euro: 46.94 TL
We look forward to bringing you the latest updates again tomorrow.
