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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 continues its high-volume structure that it has maintained for several days. After breaking out strongly from the downward trend it started in May, it successfully retested the $108,500 level. The $110,600 and $111,920 levels are currently short-term targets. If a new ATH is reached, the $114,000 and $120,000 levels will be closely monitored. In the event of a pullback, the trend zone, i.e., the $108,000 area, will be the first region to react. Below that, the $107,100 level will come into focus.Ethereum is currently trading near the midpoint of a narrowing triangle pattern when viewed from a broader perspective. Holding above the $2,420 level was significant in the short term, but the price has since returned to its previous range. As with Bitcoin, trading volume remains high, and a move toward the previously tested $2,680 and $2,900 levels may be anticipated. In case of a pullback, the $2,275–$2,400 support range will be closely monitored.Crypto NewsCoinbase acquired Liquify.Trump signed a trade agreement with Vietnam.SEC Chairman Paul Atkins said the agency is committed to advancing tokenization.The US Federal Housing Finance Agency (FHFA) has requested an urgent congressional investigation into Fed Chairman Powell for alleged misuse of his position.Ripple is seeking a national banking license, joining other cryptocurrency companies seeking integration with traditional financial systems.U.S. Treasury Secretary Faulkender: I expect a series of agreements to be announced next week.CryptocurrenciesTop Gainers:MOODENG → Increased by 42.3% to $0.19902918NEIRO → Increased by 27.4% to $0.00048296BONK → Increased by 20.7% to $0.00001718USELESS → Increased by 19.8% to $0.25870575KTA → Increased by 17.3% to $0.69341888Top Losers:KAITO → Declined by 5.8% to $1.61KET → Declined by 2.7% to $0.38153133AB → Declined by 1.5% to $0.00829551ZBCN → Declined by 1.2% to $0.00326608WBT → Declined by 0.7% to $43.75Fear Index:Bitcoin: 68 (Greed)Ethereum: 55 (Greed)Dominance:Bitcoin: 65.19% ▼ 0.12%Ethereum: 9.34% ▼ 0.22%Daily Total Net ETF InflowsBTC ETFs: $407.80 millionETH ETFs: –$1.90 millionKey Data to Watch TodayUS – Independence Day – Early close at 1:00 PM3:30 PM – Average Hourly Earnings (Monthly) (June) Expected: 0.3% | Previous: 0.4%3:30 PM – Initial Jobless Claims Forecast: 240K | Previous: 236K3:30 PM – Nonfarm Payrolls (June) Forecast: 111K | Previous: 139K3:30 PM – Unemployment Rate (June) Expectation: 4.3% | Previous: 4.2%4:45 PM – Services Purchasing Managers' Index (PMI) (June) Expectation: 53.1 | Previous: 53.15:00 PM – ISM Non-Manufacturing Purchasing Managers' Index (PMI) (June) Expectation: 50.8 | Previous: 49.9Global MarketsU.S. indices closed higher ahead of the upcoming non‑farm payrolls report. The S&P 500 gained 0.47%, the Nasdaq rose 0.94%, while the Dow Jones ended the session flat. The trade agreement between the U.S. and Vietnam was positively received by markets, as it is expected to help mitigate the inflationary impact of high tariffs. In response to these developments, the VIX fear index declined to 16.6.June’s ADP private sector employment data showed an unexpected decline of 33,000 jobs, marking the first drop since March 2023. Job losses were concentrated in small and medium-sized businesses, while large firms continued to add workers. Today, markets will closely follow non‑farm payrolls, the ISM services index, and weekly jobless claims in the U.S.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → Market capitalization of $3.84 trillion, share price of $157.25, up 2.58%.Microsoft (MSFT) → Market capitalization of $3.65 trillion, share price of $491.09, down 0.20%.Apple (AAPL) → Market capitalization of $3.17 trillion, share price of $212.44, up 2.22%.Amazon (AMZN) → Market capitalization of $2.33 trillion, share price of $219.92, down 0.24%.Alphabet (GOOG) → Market capitalization of $2.17 trillion, share price of $179.76, up 1.61%.Borsa IstanbulWhile Borsa Istanbul continues to hold above 10,000 points, cash inflows and trading volume continue to increase. According to inflation data released today for June, the CPI rose 1.64% month‑on‑month, with annual inflation reaching 35.05%. The data came in slightly below the market expectation of 35.2%. The lower-than-expected inflation supports the upward trend in the BIST, particularly in interest rate‑sensitive sectors.According to provisional data from the Ministry of Trade, exports increased by 8% year‑on‑year to $20.5 billion in June, while imports increased by 15.3% to $28.7 billion. As a result, the trade deficit increased by $2.3 billion year‑on‑year to $8.2 billion. The total deficit for the first half of the year was $49.4 billion, while the 12‑month cumulative deficit was $89.2 billion. This indicates that the deterioration in the trade balance continues.Following a nearly 30% rise in the banking index over the past month, the likelihood of a stock shift has increased, while the CDS remaining at 280 basis points may limit the upward movement in the index. Today, we expect a volatile but generally positive trend on the BIST following the release of the data.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market value of 958.1 billion TL, share price of 284.75 TL, down 0.44%.Aselsan Elektronik Sanayi (ASELS) → Market value of 663.94 billion TL, share price of 150.20 TL, up 3.16%.Türkiye Garanti Bankası (GARAN) → Market value of 583.38 billion TL, share price of 136.20 TL, experienced a 1.94% decline.Koç Holding A.Ş. (KCHOL) → Market value of 410.82 billion TL, share price of 163.00 TL, saw a 0.62% increase.Turkish Airlines A.O. (THYAO) → Market value of 401.58 billion TL, share price of 291.75 TL, increase of 0.26%.Precious Metals and Currency PricesGold: 4,293 TLSilver: 46.17 TLPlatinum: 1,739 TLDollar: 39.91 TLEuro: 47.06 TLWe look forward to bringing you the latest updates again tomorrow.
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 tested the $108,860 level over the weekend with strong volume, marking a sharp contrast to the recent downward trend. This area represents the intersection of both descending trendline resistance and horizontal resistance. After facing rejection at this level, BTC pulled back to the $105,000–$106,600 support zone, from which it has since rebounded. The price is currently hovering around $107,300. A daily close above $108,800 could pave the way toward a new all-time high (ATH). On the downside, if the $106,600 support fails to hold, attention will shift to the $104,900 level as the next key support.Ethereum also saw a notable rally over the weekend. After breaking through the $2,465 resistance on strong volume, it climbed toward the $2,525 resistance level. However, ETH has faced multiple rejections from this area over the past week and subsequently retreated to the $2,370 support. It is currently retesting the $2,465 resistance, and a successful breakout could lead to a move toward the $2,600 level. In case of a pullback, the $2,410 level is expected to act as key support. Should this level break, the $2,350–$2,370 zone will be closely watched for further support.Crypto NewsDeFi Development plans to issue $100 million in convertible bonds maturing in 2030 to purchase Solana and repurchase shares.Popular design app Figma disclosed in its IPO filing that it holds a $70 million Bitcoin ETF investment. It was also revealed that the company's board of directors approved an additional $30 million in Bitcoin purchases.The SEC has approved the conversion of the Grayscale Digital Large Cap Fund into an ETF (BTC, ETH, XRP, SOL, and ADA).The SEC is evaluating standard listing criteria to expedite the approval process for crypto ETFs.US Treasury Secretary Bessent: We are moving toward a vote today on a significant and important piece of legislation.Deutsche Bank plans to launch a crypto custody service in 2026.CryptocurrenciesTop Gainers:AIC → Increased by 18.8% to $0.17643453.USELESS → Increased by 17.1% to $0.22494803.VENOM → Increased by 9.4% to $0.19972119.KET → Increased by 9.3% to $0.39385646.KAITO → Increased by 8.6% to $1.70.Top Losers:ALGO → Declined by 5.9% to $0.17567776.CFX → Declined by 4.7% to $0.07452071.TEL → Declined by 4.5% to $0.00388872.KAIA → Declined by 4.0% to $0.15905976.MOVE → Declined by 3.9% to $0.16701015.Fear Index:Bitcoin: 64 (Greed)Ethereum: 50 (Neutral)Dominance:Bitcoin: 65.42% ▼ 0.12%Ethereum: 9.11% ▲ 0.64%Daily Total Net ETF InflowsBTC ETFs: -$342.20 millionETH ETFs: $40.70 millionData to Watch Today• 3:15 PM – ADP Nonfarm Employment (June) Expectation: 99K | Previous: 37K• 5:30 PM – Energy Information Administration Crude Oil Inventories Expectation: -3,500M | Previous: -5,836MGlobal MarketsWe are starting the new day with a positive tone across global markets. Former President Trump’s renewed pressure on the Federal Reserve to cut interest rates, combined with ongoing tax cut proposals and progress in trade negotiations, is helping to lift risk appetite. The VIX fear index edged up slightly to 16.8, reflecting a market environment that remains cautious yet optimistic.In macroeconomic data, the U.S. ISM Manufacturing Index rose to 49.0 in June. While production showed improvement, both new orders and employment components continued to soften. The S&P Global Manufacturing PMI remained in the growth zone at 52.9.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → Market capitalization of $3.74 trillion, share price of $153.30, down 2.97%.Microsoft (MSFT) → Market capitalization of $3.66 trillion, share price of $492.05, down 1.08%.Apple (AAPL) → Market capitalization of $3.10 trillion, share price of $207.82, up 1.29%.Amazon (AMZN) → Market capitalization of $2.34 trillion, share price of $220.46, up 0.49%.Alphabet (GOOG) → Market value of $2.14 trillion, share price of $176.91, down 0.27%.Borsa IstanbulThe ISO PMI data declined to 46.7, remaining in the contraction zone. The slowdown in demand is also limiting companies' pricing power. In Istanbul, June inflation was 1.77% monthly and 44.38% annually. Consumer confidence rose to 77.The BIST-100 index closed the day above 10,000 points with a gain of over 1%, driven by expectations of interest rate cuts and foreign investor interest. If today's bank earnings reports come in lower than expected, there could be limited profit-taking in banking stocks. However, the main focus is on tomorrow's inflation data. A flat trend is expected in the index today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market value of 914.55 billion TL, share price of 274.00 TL, increased by 0.37%.Aselsan Electronics Industry (ASELS) → Market value of 676.7 billion TL, share price of 148.50 TL, saw a 0.07% increase.Türkiye Garanti Bankası (GARAN) → Market value of 574.98 billion TL, share price of 137.30 TL, increased by 0.29%.Enka Construction and Industry (ENKAI) → Market value of 400.95 billion TL, share price of 67.85 TL, experienced a 0.80% decrease.Turkish Airlines A.O. (THYAO) → Market value of 400.89 billion TL, share price of 291.50 TL, up 0.34%.Precious Metals and Currency PricesGold: 4,282 TLSilver: 46.17 TLPlatinum: 1,739 TLDollar: 39.85 TLEuro: 47.07 TLWe look forward to bringing you the latest updates again tomorrow.
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 tested the $108,860 level over the weekend with strong volume, marking a notable move contrary to the downward trend observed in recent weeks. This zone represents the intersection of both descending trendline resistance and horizontal resistance. Should the trend continue, BTC will encounter support in the $106,600–$107,200 range. A daily close above $108,800 could pave the way toward a new all-time high (ATH). Conversely, if the $106,600 support level is breached, attention will shift to the $104,900 level as the next key area.Ethereum also saw a notable rally over the weekend. After breaking above the $2,465 resistance with strong volume, ETH extended its move to the $2,525 resistance level. However, this area has acted as a barrier, with multiple rejections observed over the past week. A decisive breakout above $2,525 could open the path to the $2,600 level. In the event of a pullback, $2,465 is expected to act as strong support. If this level fails to hold, the $2,370–$2,400 zone will be closely monitored.Crypto NewsThe SEC has delayed staking for the BITWISE Spot ETH ETF.The EU will accept Trump's universal customs duty but will demand some important exemptions.The White House announced that Trump sent a handwritten note to Fed Chairman Powell asking him to lower interest rates.Goldman Sachs moved the Fed's interest rate cut from December to September.REX‑OSPREY’s staking‑enabled Solana ETF will begin trading on Wednesday, the CEO announced.Advent purchased $1 billion worth of shares from LayerZero (#ZRO) to support the expansion of artificial intelligence data centers.U.S. Treasury Secretary Bessent: The stablecoin law will be ready by mid‑July. This will also increase demand for U.S. Treasury bonds.Robinhood EU will launch tokenized stocks, including private equity such as $OPAI.Strategy purchased 4,980 BTC.Metaplanet purchased 1,005 Bitcoin and issued $208 million in bonds to purchase more BTC.CryptocurrenciesTop Gainers:TNQ → Increased by 28.1% to $1.85.PLUME → Increased by 12.6% to $0.09251397.BCH → Increased by 5.6% to $525.97.SUN → Increased by 4.1% to $0.01712809.TEL → Increased by 2.1% to $0.0040765.Top Losers:BSV → Declined by 21.3% to $24.30.KTA → Declined by 20.8% to $0.58079237.GRASS → Declined by 15.3% to $0.98806251.TKX → Declined by 13.2% to $23.97.ARB → Declined by 12.6% to $0.32513715.Fear Index:Bitcoin: 65 (Greed)Ethereum: 56 (Greed)Dominance:Bitcoin: 65.33% ▲ 0.17%Ethereum: 9.13% ▼ 0.56%Daily Total Net ETF Inflows:BTC ETFs: $102.10 millionETH ETFs: $31.80 millionToday's Key Data Points:• 4:30 PM – Fed Chair Powell's Speech• 4:45 PM – Manufacturing Purchasing Managers' Index (PMI) (June) Expectation: 52.0 | Previous: 52.0• 5:00 PM – ISM Manufacturing Purchasing Managers' Index (PMI) (June) Expectation: 48.8 | Previous: 48.5• 5:00 PM – Job Openings and Labor Turnover Survey (JOLTS) (May) Expectation: 7.320 M | Previous: 7.391 MGlobal MarketsIn global markets, the U.S.’s conciliatory stance on tariffs and tax‑cut plans are supporting stock markets, while risk appetite remains balanced. Statements regarding interest rate cuts have boosted expectations, pushing stock prices higher while also increasing the price of gold.Although equity markets ended June at record highs, uncertainties surrounding ongoing tariff negotiations in certain countries continue to linger. The VIX fear index rose by 0.4 points, reflecting this cautious sentiment.Trump again strongly reiterated his call for interest rate cuts to Powell. As of July 1, markets are expecting a 67‑basis‑point interest rate cut by the end of the year.Most Valuable Companies and Stock Prices:NVIDIA (NVDA) → Market value of $3.85 trillion, share price of $157.99, up 0.15%.Microsoft (MSFT) → Market capitalization of $3.70 trillion, share price of $497.41, up 0.30%.Apple (AAPL) → Market capitalization of $3.06 trillion, share price of $205.17, up 2.03%.Amazon (AMZN) → Market capitalization of $2.33 trillion, share price of $219.39, down 1.75%.Alphabet (GOOG) → Market capitalization of $2.14 trillion, share price of $177.39, down 0.49%.Borsa IstanbulIn May, the foreign‑trade deficit was close to expectations at $6.65 billion. Exports increased by 2.6%, while imports rose by 2.7%. In the first five months of the year, the foreign deficit grew by 13% to $41.3 billion, while the unemployment rate fell to 8.4% in May.According to TÜRK-İŞ data, the poverty line rose to 26,115 TL in June. The Treasury will make a total of 906 billion TL in domestic debt payments between July and September.Yesterday, the BIST index rose by 6%. The CDS falling below 300 basis points increased risk appetite. Purchases are expected to continue today. This week’s key agenda items include Thursday’s inflation data and the Central Bank of Turkey’s interest rate decision, scheduled for July 24.Companies with the Highest Market Value on the Istanbul Stock Exchange:QNB Finansbank (QNBTR) → 904.5 billion TL market value, share price 270.00 TL, 0.00% change.Aselsan Electronics Industry (ASELS) → Market value of 687.65 billion TL, share price of 150.80 TL, 0.00% change.Türkiye Garanti Bankası (GARAN) → Market value of 567 billion TL, share price of 137.80 TL, 2.07% increase.Turkish Airlines A.O. (THYAO) → Market value of 391.23 billion TL, share price of 288.00 TL, 1.59% increase.Koç Holding A.Ş. (KCHOL) → Market value of 390.53 billion TL, share price of 156.90 TL, increase of 1.88%.Precious Metals and Currency Prices:Gold: 4,264 TLSilver: 46.35 TLPlatinum: 1,718 TLDollar: 39.89 TLEuro: 47.03 TLWe look forward to bringing you the latest updates again tomorrow.
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 briefly dipped below the $100,000 mark at the height of geopolitical tensions over the weekend, following the U.S. intervention in the Iran–Israel conflict. However, fueled by strong buying momentum at the start of the new week, BTC quickly reclaimed this critical psychological threshold. The price surged from a low of $98,000 to as high as $108,000. A pullback after such a sharp rally is considered natural, while holding above the $100,000 level continues to serve as a key confidence line, both technically and psychologically.As for Ethereum, as highlighted in our previous analysis, the $2,100 region has proven to be a solid support zone. Renewed buying interest in this area has propelled ETH toward the short-term target of $2,400. The $2,430 level is currently being monitored as support, while $2,600 stands as the next resistance to watch.Crypto NewsInvesco Galaxy submitted the S-1 form for the Solana ETF.Canary filed an application with the CBOE for the PENGU ETF.The US Federal Housing Finance Agency (FHFA) decided to accept cryptocurrencies as collateral (mortgage) for those wishing to buy a home.The FHFA directed Fannie Mae and Freddie Mac to consider crypto assets in their mortgage evaluations.NVIDIA reached a new ATH level.Powell: At some point, we will resume interest rate cuts.The Nasdaq 100 reached a new ATH, hitting an all-time high.CryptocurrenciesTop Gainers:MOVE → Increased by 33.5% to $0.19715073.MOCA → Increased by 11.1% to $0.07644085.XCN → Increased by 10.4% to $0.01645214.KAS → Increased by 7.6% to $0.07954247.DOG → Increased by 7.3% to $0.00407479.Top Losers:FRAX → Declined by 11.4% to $2.02.POPCAT → Declined by 9.0% to $0.27353041.CRV → Down 8.9% to $0.52128798.FARTCOIN → Down 8.5% to $0.9840403.SEI → Down 8.2% to $0.28035777.Fear Index:Bitcoin: 70 (Greed)Ethereum: 57 (Greed)Dominance:Bitcoin: 65.61% ▼ 0.17%Ethereum: 9.16% ▲ 1.90%Daily Total Net ETF InflowsBTC ETFs: $547.70 millionETH ETFs: $60.40 millionGlobal MarketsGlobal risks continue to take a back seat as the Israel–Iran ceasefire continues, and the positive mood in global markets is maintained. The calm course of oil prices and the improvement in risk perception are providing stability to the stock markets. The VIX volatility index fell 0.7 points yesterday to 16.8, its lowest level since February.Today's data calendar is busy in the US. The May trade balance, durable goods orders, pending home sales, and the final estimate of first-quarter growth will be monitored. According to the second estimate, the US economy contracted by 0.2% in the first quarter of the year. During this period, imports of goods and services increased by 43%, while growth in consumer spending was 1.2%, the lowest level in the last five quarters.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → Market capitalization of $3.77 trillion, share price of $154.31, up 4.33%.Microsoft (MSFT) → Market capitalization of $3.66 trillion, share price of $492.27, up 0.44%.Apple (AAPL) → Market capitalization of $3.01 trillion, share price of $201.56, up 0.63%.Amazon (AMZN) → Market capitalization of $2.25 trillion, share price of $211.99, down 0.37%.Alphabet (GOOG) → Market value of $2.08 trillion, share price of $171.49, up 2.24%.Borsa IstanbulAccording to a report published by the Central Bank of the Republic of Turkey (CBRT) in June, inflation expectations declined across all sectors. Inflation expectations for the next 12 months fell to 24.6% among market participants, 39.8% in the real sector, and 53% among households. This is the lowest level since November 2021.There was strong demand for the Treasury's 5-year $2.5 billion lease certificate issuance. The lease rate was set at 6.75%. Thus, a total of $7 billion in external funding has been secured since the beginning of the year.The BIST 100 closed yesterday with a 0.3% decline. Holding, retail, and refinery stocks retreated, while Aselsan and Turkcell remained strong. The Monetary Policy Committee (MPC) summary will be announced today. If there are no significant developments on the global front, the market may remain flat.Top Companies by Market Capitalization on the Istanbul Stock ExchangeQNB Finansbank (QNBTR) → Market capitalization of 866.81 billion TL, share price of 265.00 TL, up 2.42%.Aselsan Elektronik Sanayi (ASELS) → Market value of 676.7 billion TL, share price of 147.10 TL, down 0.88%.Türkiye Garanti Bankası (GARAN) → Market value of 502.32 billion TL, share price of 121.00 TL, up 1.17%.Turkish Airlines A.O. (THYAO) → Market value of 374.67 billion TL, share price of 272.00 TL, saw a 0.18% increase.Enka Construction and Industry (ENKAI) → Market value of 369.3 billion TL, share price of 64.30 TL, increase of 2.06%.Precious Metals and Currency PricesGold: 4,266 TLSilver: 46.47 TLPlatinum: 1,778 TLDollar: 39.76 TLEuro: 46.56 TLWe look forward to bringing you the latest updates again tomorrow.
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 fell below $100,000 at the height of weekend tensions, as the U.S. entered the Iran-Israel conflict. However, supported by strong buying momentum at the start of the new week, it managed to reclaim this critical psychological resistance level. BTC surged from a low of $98,000 to as high as $106,700. A pullback following such a sharp rise is considered normal. Holding above the $100,000 mark continues to serve as both a technical and psychological confidence threshold.As for Ethereum, as highlighted in our previous analysis, the $2,100 region remains a strong support zone. With renewed buying interest around this level, ETH quickly rallied toward the short-term target zone near $2,400. The $2,380 level is currently being monitored as support, while $2,460 stands as the next key resistance point.Crypto NewsPompliano's Procap purchased 3,724 BTC.US House Speaker Johnson: We aim to pass the tax bill by July 4.Powell: Expect interest rate cuts to continue when the time comes.Truth Social files with the NYSE for a Bitcoin and Ethereum ETF.CryptocurrenciesTop Gainers:SYRUP → Increased by 19.1% to $0.60408863.PI → Increased by 16.8% to $0.61875017.DEXE → Increased by 11.8% to $8.72.APT → Increased by 9.9% to $4.74.DOG → Increased by 7.8% to $0.00373852.Top Losers:TEL → Declined by 7.3% to $0.00396176.LPT → Declined by 6.8% to $5.89.MOCA → Declined by 6.6% to $0.06969272.VIRTUAL → Declined by 6.0% to $1.55.PLUME → Declined by 5.9% to $0.08499106.Fear Index:Bitcoin: 62 (Greed)Ethereum: 46 (Neutral)Dominance:Bitcoin: 65.33% ▲ 0.07%Ethereum: 9.13% ▼ 0.17%Daily Total Net ETF InflowsBTC ETFs: $588.60 millionETH ETFs: $71.30 millionData to Watch Today5:00 PM – Fed Chair Powell's Comments5:00 PM – New Home Sales (May): Expectation 694K, Previous 743K5:30 PM – Energy Information Administration Crude Oil Inventories: Expectation -1,200M, Previous -11,473MGlobal MarketsThe prevailing sentiment in global markets appears to be that no news is good news. The easing of global risks, the lack of escalation following the Iran-Israel ceasefire, and the diminishing likelihood of existing threats materializing have all had a positive effect on currency markets.We are following this positive atmosphere in US and European futures and Asian stock markets with a bullish trend. The VIX fear index fell to 17.5 points, indicating a sharp decline in risk perception. The S&P 500 closed the day up 1.1% and the Nasdaq up 1.4%.Federal Reserve Chair Jerome Powell delivered key remarks during his presentation to the House of Representatives, emphasizing the strength of the U.S. economy and the resilience of the labor market. He acknowledged that inflation has come down but remains above the Fed’s 2% target.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → Market capitalization of $3.64 trillion, share price of $490.11, up 0.85%.NVIDIA (NVDA) → Market capitalization of $3.61 trillion, share price of $147.90, up 2.59%.Apple (AAPL) → Market capitalization of $2.99 trillion, share price of $200.30, down 0.60%.Amazon (AMZN) → Market capitalization of $2.26 trillion, share price of $212.77, up 2.06%.Alphabet (GOOG) → Market capitalization of $2.03 trillion, share price of $167.74, up 1.04%.Borsa IstanbulBorsa Istanbul recorded its highest close since June 13, ending the day with a gain of over 3%. We believe this positive momentum is likely to continue. The index will be closely watched at resistance levels of 9,550 and 9,800, while 9,250 and 9,100 are key support zones. The recent ceasefire in the Middle East also triggered strong buying activity on the BIST.From a broader perspective, however, economic indicators continue to point toward a slowdown. The Real Sector Confidence Index declined again in June. Looking ahead, sectoral inflation expectations will be released today, followed by the CBRT Monetary Policy Committee meeting summary tomorrow, and the Economic Confidence Index on Friday. Despite the macro headwinds, we expect buying sentiment in the equity market to persist in the short term.Companies with the Highest Market Value on the Istanbul Stock ExchangeQNB Finansbank (QNBTR) → Market value of 847.55 billion TL, share price of 258.75 TL, 0.00% change.Aselsan Electronics Industry (ASELS) → Market capitalization of 650.26 billion TL, share price of 149.50 TL, 4.84% increase.Türkiye Garanti Bankası (GARAN) → Market value of 483.84 billion TL, share price of 120.10 TL, 0.08% increase.Koç Holding A.Ş. (KCHOL) → Market value of 366.18 billion TL, share price of 146.70 TL, experienced a 0.81% decrease.Enka Construction and Industry (ENKAI) → Market value of 354.06 billion TL, share price of 63.35 TL, up 0.72%.Precious Metals and Currency PricesGold: 4,234 TLSilver: 45.85 TLPlatinum: 1,673 TLDollar: 39.62 TLEuro: 46.03 TLWe look forward to bringing you the latest updates again tomorrow.
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 take a closer look at the overall market sentiment and the latest insights together.Bitcoin dipped below the $100,000 mark at the height of geopolitical tensions over the weekend, following the U.S.'s entry into the Iran–Israel conflict. However, strong buying momentum at the start of the new week helped BTC reclaim this critical psychological threshold. After falling to a low of $98,000, Bitcoin surged to as high as $106,000. A brief pullback after such a sharp rally is considered natural. Holding above the $100,000 level continues to serve as both a technical and psychological support line.As for Ethereum, the $2,100 zone highlighted in our previous analysis has proven to be a solid support area. With buying interest emerging from this level, ETH quickly climbed to the short‑term target range around $2,400. The $2,380 mark is currently being watched as near‑term support, while $2,430 stands as the closest resistance level.Crypto NewsIran and Israel have declared a 12‑hour ceasefire.Trump on the Fed interest rate: “We should be at least two to three points lower.”Goolsbee: “If the uncertainty over tariffs is removed, we should continue to cut rates.”Hassett: “There is no reason for the Fed not to cut rates.”Trump Media has approved a $400 million share buyback.Strategy purchased 245 #Bitcoin at an average price of $105,856.CryptocurrenciesTop Gainers:SEI → increased by 38.5% to $0.28162748.KTA → increased by 31.4% to $0.76449666.TEL → increased by 24.4% to $0.00427768.JASMY → increased by 24.4% to $0.01407185.DOG → increased by 23.0% to $0.00340695.Top Losers:VENOM → declined by 2.6% to $0.16444289.USDB → declined by 1.8% to $0.98318051.LGCT → declined by 1.2% to $1.70.BTSE → declined by 1.2% to $1.67.XAUT → declined by 1.0% to $3,336.58.Fear Index:Bitcoin: 54 (Neutral)Ethereum: 35 (Fear)Dominance:Bitcoin: 65.36% ▲ 0.02%Ethereum: 9.06% ▼ 0.25%Daily Total Net ETF InflowsBTC ETFs: $350.60 millionETH ETFs: $100.70 millionData to Watch Today• 5:00 p.m. – Conference Board (CB) Consumer Confidence (June)Expectation: 99.4 | Previous: 98.0• 5:00 p.m. – Fed Chair Powell's CommentsGlobal MarketsU.S. stock markets closed the day in positive territory following a brief ceasefire between Iran and Israel. Iran’s retaliatory actions were perceived as largely symbolic and, as a result, were not fully priced in by the markets. These developments signaled that the conflict was unlikely to escalate further, helping ease investor anxiety.The S&P 500 rose by 0.96%, the Nasdaq gained 0.94%, and the Dow Jones advanced 0.89%.Meanwhile, the VIX fear index declined by 0.8 points to 19.8, further confirming our comments about the easing of market tension.Oil prices saw a sharp decline, dropping nearly 9%, while bullish sentiment took hold in the futures markets.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → Market capitalization of $3.61 trillion, share price of $486.00, up 1.80%.NVIDIA (NVDA) → Market capitalization of $3.52 trillion, share price of $144.17, up 0.22%.Apple (AAPL) → Market capitalization of $3.01 trillion, share price of $201.50, up 0.25%.Amazon (AMZN) → $2.21 trillion, $208.47, down 0.58%.Alphabet (GOOG) → $2.01 trillion, $166.01, down 1.03%.Borsa İstanbulAccording to data released yesterday, the number of foreign tourists visiting Turkey in May declined by 1.8% year‑over‑year. In the first five months of the year, total foreign tourist arrivals dropped by 1% to 15.6 million.The spike in geopolitical tensions in the Middle East over the weekend appears to have eased in the short term, following recent statements and developments. If global tensions remain subdued, expectations for a potential interest rate cut by the Central Bank of the Republic of Turkey (CBRT) in July could gain traction. This could potentially support upward momentum on Borsa İstanbul.Today, attention will turn to the two‑day NATO Leaders Summit, which will also be attended by President Erdoğan. The BIST 100 index may attempt to move toward the 9,400 level during the session.Companies with the Highest Market Value on the Istanbul Stock ExchangeQNB Finansbank (QNBTR) → 854.25 billion TL, share price of 263.00 TL, up 3.95%.Aselsan Electronics Industry (ASELS) → 667.13 billion TL, share price of 141.10 TL, down 4.08%.Türkiye Garanti Bankası (GARAN) → 484.26 billion TL, share price of 119.80 TL, up 3.99%.Koç Holding A.Ş. (KCHOL) → 370.24 billion TL, share price of 147.40 TL, up 2.08%.Turkish Airlines A.O. (THYAO) → 354.31 billion TL, share price of 266.25 TL, up 5.24%.Precious Metals and Currency PricesGold: 4,240 TLSilver: 46.02 TLPlatinum: 1,681 TLDollar: 39.66 TLEuro: 45.99 TLWe look forward to bringing you the latest updates again tomorrow.
FET Technical AnalysisLooking at the FET daily chart, we can see a clear descending channel pattern which has worked properly since the beginning of 2024. Falling Channel Structure The price of the coin is currently trading in the middle band of this descending channel and we have a significant support zone around $0.65–$0.70. The price breaking down this important support zone is trading above the support area again. The price can go down first to the level of $0.53 in case of daily closing below the important level $0.65 and then it can retreat to the level of around $0.33 which is the channel trend support.The level of $0.87 is only possible if the price closes above the level of $0.70 in terms of upward movements. Above this price level, we have the level $1 which is the trend resistance level. Technically, it is highly possible that a breakout will occur in case of next trend test.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
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 faced heightened volatility over the weekend as the United States became involved in the ongoing Iran–Israel conflict. Despite global tensions, BTC managed to hold its price above the $100,000 mark.After briefly dipping to the $98,000 range, Bitcoin rebounded and tested the $102,130 resistance level once again. The $96,300–$97,900 zone is acting as a strong support area on the downside. In the short term, the next upward target is located at $103,800.On the Ethereum front, the recent market-driven decline was met with buying interest at a critical level. The $2,073–$2,115 range served as a key turning point. If ETH can hold above the $2,240 level, the short-term upside target becomes $2,380.Crypto NewsTexas Strategic #Bitcoin Reserve has become official.Tether minted $2 billion worth of USDT.Bloomberg analyst Eric Balchunas cited the SEC's increased involvement as a positive signal, raising the likelihood of multiple spot crypto ETF approvals to 90% or higher.Reddit is in talks regarding Sam Altman's iris-scanning orb.CryptocurrenciesTop Gainers:• MOVE → Increased by 15.7% to $0.14020405.• IP → Increased by 11.9% to $3.09.• S → Increased by 8.8% to $0.28165327.• KTA → Increased by 6.3% to $0.57939745.• BORG → Increased by 6.2% to $0.17631443.Top Losers:• TRIBE → Declined by 8.6% to $0.39085427.• SFP → Declined by 7.3% to $0.45440006.• ATH → Declined by 6.9% to $0.02971646.• TEL → Declined by 6.5% to $0.00343946.• CHEEMS → Declined by 5.0% to $0.00000132.Fear Index:• Bitcoin: 46 (Neutral)• Ethereum: 41 (Fear)Dominance:• Bitcoin: 65.69% ▼0.03%• Ethereum: 8.82% ▲0.13%Daily Total Net ETF Inflows• BTC ETFs: $6.40 million• ETH ETFs: –$11.30 millionData to Watch Today• 4:45 PM – Manufacturing Purchasing Managers' Index (PMI) (June) Expectation: 51.1 Previous: 52.0• 4:45 PM – Services Purchasing Managers' Index (PMI) (June) Expectation: 52.9 Previous: 53.7• 5:00 PM – Existing Home Sales (May) Expectation: 3.96 M Previous: 4.00 MGlobal MarketsWe’ve just come out of a weekend dominated by escalating tensions between Iran and Israel, with the U.S. also stepping in. While the U.S. targeted Iranian nuclear facilities, Iran has yet to issue a response. In the coming days, all eyes will be on whether Iran launches a counteroffensive or moves to close the Strait of Hormuz.We’ve also wrapped up a volatile week shaped by both geopolitical unrest and key interest rate decisions. Nvidia shares declined by 1.1% on U.S. markets, while the S&P 500 ended the week down 0.2%, and the Nasdaq closed slightly higher with a 0.2% gain.We have left behind a week in which we heard statements from some Fed members suggesting that there could be an interest rate cut in July. The VIX fear index closed at 20.6, down 1.6 points on the last official trading day of the week, but we can anticipate that this level may change today. The bearish sentiment continues in the futures markets.Most Valuable Companies and Stock Prices• Microsoft (MSFT) → Market capitalization of $3.55 trillion, share price of $477.40, down 0.59%.• NVIDIA (NVDA) → Market capitalization of $3.51 trillion, share price of $143.85, down 1.12%.• Apple (AAPL) → Market capitalization of $3 trillion, share price of $201.00, up 2.25%.• Amazon (AMZN) → Market capitalization of $2.23 trillion, share price of $209.69, down 1.33%.• Alphabet (GOOG) → Market value of $2.03 trillion, share price of $167.73, down 3.59%.Borsa İstanbulDomestically, risk perception remains elevated due to ongoing economic and political developments, compounded by global uncertainties. As a result, Borsa İstanbul may exhibit sharper reactions compared to other markets. For the BIST 100 index, the 9,000–9,100 range is being monitored as a key support zone, while resistance is seen in the 9,250–9,340 range.The Consumer Confidence Index, which has been on an upward trend for the past two months yet still lingers below its long-term average, rose 0.3% in June to reach 85.1.The Central Bank of the Republic of Turkey (CBRT) continues to take steps to support the Turkish Lira. While TL deposit targets have been raised, the required reserve ratio for foreign currency‑protected TL accounts has been reduced from 4% to 2.5%.After closing the previous week with a 1.2% loss, the BIST 100 is expected to have a weak start to the new week. Developments in the Middle East will continue to be closely monitored.Companies with the Highest Market Value on the Istanbul Stock Exchange• QNB Finansbank (QNBTR) → Market value of 854.25 billion TL, share price of 248.25 TL, experienced a 2.67% decline.• Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 667.13 billion TL, share price of 145.70 TL, experienced a 0.41% decline.• Türkiye Garanti Bankası (GARAN) → Market value of 484.26 billion TL, share price of 115.70 TL, up 0.35%.• Koç Holding A.Ş. (KCHOL) → Market value of 370.24 billion TL, share price of 146.00 TL, 0.00% change.• Turkish Airlines A.O. (THYAO) → Market value of 354.31 billion TL, share price of 251.25 TL, experienced a 2.14% decrease.Precious Metals and Currency Prices• Gold: 4,285 TL• Silver: 46.13 TL• Platinum: 1,654 TL• Dollar: 39.72 TL• Euro: 45.71 TLWe look forward to bringing you the latest updates again tomorrow.
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 managed to stay strong despite a challenging week in terms of data and developments. BTC, which is firmly priced above $100,000, has once again reached the resistance zone of $106,600–$107,200. In addition to this horizontal resistance, a trendline resistance is also in play. A breakout above this zone could pave the way for a new all-time high (ATH), with $110,000 and then $114,000 as potential targets. On the downside, the $104,900 support level awaits us. If this support level is broken, the $102,100 and $100,900 support levels emerge as critical resistances.On the Ethereum front, the rising channel pattern we mentioned previously continues to hold. ETH, which is rebounding from the trend support, is experiencing a significant rise as we head into the weekend. The horizontal and channel support, which is around $2,500 on average, continues to hold strong. The next target will be the $2,620 level.Crypto News• An Ohio bill exempting Bitcoin payments under $200 from taxes has passed the House of Representatives.• Fetch Foundation will carry out a $50 million $FET token buyback.• Central Bank of the Republic of Türkiye (CBRT) kept interest rates unchanged.• X CEO Yaccarino: Users will soon be able to invest or trade on the social media platform.• Semler Scientific has announced its three-year plan and intends to purchase 105,000 Bitcoin.CryptocurrenciesTop Gainers:• GT → Increased by 12.8% to reach $17.20.• KAIA → Increased by 12.6% to reach $0.19770911.• IP → Increased by 11.4% to reach $2.90.• HNT → Increased by 11.0% to reach $2.55.• SEI → Increased by 10.9% to reach $0.2017996.Top Losers:• CHEX → Declined by 7.3% to $0.2022507.• RAY → Declined by 6.4% to $2.14.• AB → Declined by 5.5% to $0.01467079.• MORPHO → Declined by 4.9% to $1.29.• AERO → Declined by 4.7% to $0.87750806.Fear Index:• Bitcoin: 55 (Neutral)• Ethereum: 41 (Fear)Dominance:• Bitcoin: 64.86% ▲ 0.05%• Ethereum: 9.48% ▼ 0.04%Daily Total Net ETF Inflows• BTC ETFs: $388.30 million• ETH ETFs: $19.10 millionGlobal MarketsWe previously mentioned speculation that the U.S. might intervene militarily in Iran. The White House has now issued a statement on the matter, indicating that “a decision will be made within two weeks.” This message has slightly eased tensions in global markets. However, it may also be interpreted as a political tactic. Meanwhile, tensions between Iran and Israel persist.U.S. markets were closed yesterday due to a public holiday. However, futures markets are showing a bearish tone this morning. The VIX fear index rose by 2 points to 22.2, signaling that market anxiety remains elevated.The Bank of England announced its interest rate decision yesterday, keeping its policy rate unchanged, as expected. The accompanying statement stressed that caution would be exercised with regard to potential rate cuts.Top Companies and Stock Prices• Microsoft (MSFT) → Market capitalization of $3.57 trillion, share price of $480.24, up 0.46%.• NVIDIA (NVDA) → Market capitalization of $3.55 trillion, share price of $145.48, up 0.94%.• Apple (AAPL) → Market capitalization of $2.94 trillion, share price of $196.58, up 0.48%.• Amazon (AMZN) → Market capitalization of $2.26 trillion, share price of $212.52, down 1.07%.• Alphabet (GOOG) → Market capitalization of $2.11 trillion, share price of $173.98, down 1.83%.Borsa IstanbulYesterday, the Central Bank of the Republic of Turkey (CBRT) kept its policy rate unchanged, as expected. Although some progress was noted on the inflation front, the statement did not provide a clear signal regarding a potential rate cut.According to recent data, short-term external debt stock declined by 2.6% in April to $168.4 billion, while housing sales rose by 17.6% in May.Following the interest rate decision, selling pressure emerged on Borsa Istanbul. However, shares of Tüpraş and Aselsan managed to close the day in positive territory. Today, a slightly bearish trend may be observed on the BIST.Companies with the Highest Market Value on the Istanbul Stock Exchange• QNB Finansbank (QNBTR) → Market value of 840.85 billion TL, share price of 251.00 TL, 0.00% change.• Aselsan Elektronik Sanayi (ASELS) → Market value of 657.10 billion TL, share price of 145.50 TL, 0.97% increase.• Türkiye Garanti Bankası (GARAN) → Market value of 471.66 billion TL, share price of 115.70 TL, 3.03% increase.• Koç Holding A.Ş. (KCHOL) → Market value of 365.17 billion TL, share price of 145.70 TL, increase of 1.18%.• Enka Construction and Industry (ENKAI) → Market value of 356.40 billion TL, share price of 61.60 TL, increase of 1.32%.Precious Metals and Currency Prices• Gold: 4,274 TL• Silver: 45.87 TL• Platinum: 1,654 TL• Dollar: 39.66 TL• Euro: 45.78 TLWe look forward to bringing you the latest updates again tomorrow.
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 take a closer look at the overall market sentiment and the latest insights together.Bitcoin continues to present a healthy outlook despite ongoing global developments. After starting the new week with an upward move, BTC pulled back upon reaching a key resistance zone. Markets—particularly Bitcoin—responded to the Fed's decision last night with anticipation and are now trending sideways around $104,800.Ethereum remains within its ascending channel and is currently trading at $2,535, just below the $2,580–$2,630 resistance zone. A breakout above this upper resistance area could signal the beginning of a new trend phase.Crypto NewsVanEck's Solana ETF listed on DTCC with ticker $VSOLCrypto Chief David Sacks said the 'Genius Act' stablecoin bill "increases consumer protections and expands the dominance of the US dollar."Tether mints $1 billion in USDTFirst spot $XRP ETF launches in CanadaTrump: Fed has done a bad job so far. We should be 200 basis points lower right now.Fed leaves interest rate steadyOhio bill exempting Bitcoin payments under $200 from taxation passes House of RepresentativesCryptocurrenciesTop Gainers:AERO → up 16.7% to $0.91917647SNT → up 13.6% to $0.05159567RAY → up 10.3% to $2.27.JTO → up 8.6% to $2.32.OKB → up 7.0% to $52.28.Top Losers:IP → down 15.4% to $2.60.KTA → down 9.5% to $0.73814101.STHYPE → down 6.3% to $38.03.WHYPE → down 6.2% to $38.04.HYPE → down 5.9% to $38.02.Fear Index:Bitcoin: 57 (Greed)Ethereum: 51 (Neutral)Dominance:Bitcoin: %64.90 ▲ 0.08%Ethereum: %9.46 ▼ 0.19%Daily Total Net ETF InflowsBTC ETFs: $388.30 MillionETH ETFs: $19.10 MillionGlobal MarketsThe Federal Reserve announced its interest rate decision last night, leaving rates unchanged as expected. However, inflation forecasts were revised upward, while growth projections were lowered. The Fed maintained its projection of two rate cuts later this year.On the Iran-Israel side, tensions remain high. Meanwhile, reports suggest potential U.S. involvement, with speculation growing that Washington may be preparing for a military intervention against Iran. These reports continue to keep tensions high.US stock exchanges closed yesterday with S&P 500 -0.03% - Nasdaq 0.1%. Selling pressure continues.Both the messages given by the Fed and the developments in the Middle East will continue to be closely monitored.The Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.57 trillion market value, $480.24 per share price, increased by 0.46%.NVIDIA (NVDA) → $3.55 trillion market value, $145.48 per share price, increased by 0.94%.Apple (AAPL) → $2.94 trillion market value, $196.58 per share price, increased by 0.48%.Amazon (AMZN) → $2.26 trillion market value, $212.52 per share price, decreased by 1.07%.Alphabet (GOOG) → $2.11 trillion market value, $173.98 per share, down 1.83%.Borsa IstanbulThe CBRT will announce its interest rate decision in Türkiye at 14:00 today. It is expected that the interest rate will remain at 46%. Alongside the interest rate decision, housing sales and short-term external debt figures will be closely followed within the country today.The debt of the private sector's loans received from abroad increased by $2.7 billion in April, reaching $185.9 billion. With this figure, it reached its highest level since November 2019.The pressure of global tensions continues to be reflected in Borsa Istanbul. Yesterday, the BIST100 index showed a selling pressure image. With the selling pressure in the index, a pullback towards 9,000 levels may occur again.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → 845.04 billion TL market value, 252.25 TL per share, 0.00% change.Aselsan Elektronik Sanayi (ASELS) → 645.24 billion TL market value, 143.30 TL per share price, 1.27% increase.Türkiye Garanti Bankası (GARAN) → 480.90 billion TL market value, 115.80 TL per share price, 1.14% increase.Enka İnşaat ve Sanayi (ENKAI) → 364.90 billion TL market value, 62.50 TL per share price, 0.40% increase.Koç Holding A.Ş. (KCHOL) → 362.89 billion TL market value, 145.90 TL per share price, 1.96% increase.Precious Metals and Currency PricesGold: 4291 TLSilver: 46.30 TLPlatinum: 1646 TLDollar: 39.54 TLEuro: 45.36 TLWe look forward to bringing you the latest updates again tomorrow!
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 take a closer look at the overall market sentiment and the latest insights together.Bitcoin formed a mini trading range over the weekend. With the start of the new week, BTC moved upward and reached as high as $106,600. However, it faced short-term pullbacks from this level. It's worth noting that the $106,500–$107,300 range remains a key resistance zone. Despite global market uncertainty, Bitcoin is displaying strong bullish momentum. If buying pressure continues at this pace, a breakout above this zone could lead to a move toward the next resistance at $108,900. On the downside, holding above the $105,000 level is a positive sign, with the next major support area located at $103,900.As highlighted in our technical analysis section, Ethereum continues to trade within an ascending channel. The $2,580–$2,630 range is acting as a resistance zone. Ethereum appears to have been rejected from this region, briefly dropping to $2,530. However, reactionary buying has pushed the price back up to around $2,580. A successful breakout above this level could take ETH toward the upper boundary of the channel at $2,900. In case of a pullback, the first support is seen at $2,580, followed by a secondary support at $2,500.Crypto NewsJapan kept its interest rate decision steady.Strategy acquired 10,100 BTC.Tron started working on an IPO.President Trump's Truth Social applied for the Truth Social Bitcoin and Ethereum ETF.SEC postponed the staking decision in Franklin's spot Ethereum ETF.Iran asked Qatar, Saudi Arabia, and Oman to pressure Trump to accept an immediate ceasefire with Israel. In return, Iran will show flexibility in nuclear negotiations with the US.Origin's DAO team to buy back $3 million in tokens.SEC accepts Truth Social Spot Bitcoin ETF application.CryptocurrenciesTop Gainers:WBT → up 29.3% to $51.44XCN → up 6.6% to $0.01447374BCH → up 4.2% to $475.32SYRUP → up 3.7% to $0.5457354PENDLE → up 3.5% to $3.96Top Losers:KTA → down 14.9% to $0.88758792SPX → down 13.3% to $1.45EIGEN → down 11.1% to $1.16GIGA → down 11.1% to $0.02168006GRASS → down 10.5% to $1.50Fear Index:Bitcoin: 64 (Greed)Ethereum: 54 (Neutral)Dominance:Bitcoin: 64.76% ▼ 0.17%Ethereum: 9.55% ▲ 1.71%Daily Total Net ETF InflowsBTC ETFs: -$9.61BETH ETFs: $21.40MData to Watch Today15:30 – Core Retail Sales (Monthly) (May)◦ Expected: 0.2%◦ Previous: 0.1%15:30 – Retail Sales (Monthly) (May)◦ Expected: -0.5%◦ Previous: 0.1%Global MarketsYesterday, U.S. stock markets closed higher amid hopes that tensions between Iran and Israel could ease. The S&P 500 rose 0.9%, and the Nasdaq gained 1.5%, with tech stocks leading the rally. In contrast, energy stocks declined alongside falling oil prices. The VIX fear index dropped by 1.7 points to 19.1, indicating a slight easing in market anxiety.However, unconfirmed reports concerning the Strait of Hormuz and the ongoing regional tensions are prompting caution in the markets. This morning, both European and U.S. futures markets saw slight declines.Global markets remain focused on developments along the Iran-Israel axis. As previously noted, interest rate decisions from the Fed, the Bank of England, and the Central Bank of Turkey (CBRT) will also be closely watched this week. While no rate changes are expected, the accompanying statements and updated economic projections will play a key role in shaping market sentiment. In addition, Japan has announced that it is leaving interest rates unchanged.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.56 trillion market cap, $479.14 per share, up 0.88%NVIDIA (NVDA) → $3.53 trillion market cap, $144.69 per share, up 1.92%Apple (AAPL) → $2.96 trillion market cap, $198.42 per share, up 1.00%Amazon (AMZN) → $2.29 trillion market cap, $216.10 per share, up 1.89%Alphabet (GOOG) → $2.15 trillion market cap, $177.94 per share, up 1.17%Borsa IstanbulAccording to the data released yesterday, Turkey's current account deficit in April was $7.9 billion. This is close to market expectations; our estimate yesterday was $7.7 billion. However, the total 12-month deficit increased to $15.8 billion. The data shows us that there is a temporary deterioration in the current account balance. However, the preliminary foreign trade data for May shows that this deterioration may be short-lived and that recovery may begin.On the Borsa Istanbul (BIST) side, pressure continues due to the Iran-Israel tension in the Middle East. Although the news that the parties were seeking a compromise yesterday provided short-term relief, a permanent recovery could not be achieved. The BIST100 index completed the day horizontally-positive at 9,350.One of the most important developments for the markets this week will be the Central Bank of Turkey’s (CBRT) interest rate decision to be announced on Thursday. According to the Market Participants Survey published yesterday, investors think that the TCMB may start reducing interest rates in the second half of the year.When we look at the BIST100 index technically, the range of 9,043–8,994 appears as a strong support area. In the scenario where these levels are maintained, upward attempts are quite healthy. Above, the range of 9,446–9,475 is followed as resistance.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → 858.44 billion TL market value, 258.75 TL per share price, increased by 0.98%Aselsan Elektronik Sanayi (ASELS) → 633.38 billion TL market value, 143.90 TL per share price, increased by 3.60%Türkiye Garanti Bankası (GARAN) → 493.08 billion TL market value, 116.30 TL per share price, decreased by 0.94%Koç Holding (KCHOL) → 371.76 billion TL market value, 145.70 TL per share price, decreased by 0.61%Turkish Airlines Inc. (THYAO) → 366.05 billion TL market value, 262.50 TL per share price, decreased by 1.04%Precious Metals and Currency PricesGold: 4,295 TLSilver: 46.20 TLPlatinum: 1,568 TLDollar: 39.39 TLEuro: 45.59 TLWe look forward to bringing you the latest updates again tomorrow!
ETH Technical AnalysisLooking at the chart, we clearly see that Ethereum keeps its ascending channel pattern. The price of the coin failed to stay above the resistance level after going up above the $2,950 and then pulled back to the level of $2,560. There is an ongoing pattern coming from the beginning of May, and the price continues to move towards the trendline test again. It is clearly seen on the chart that the horizontal support at $2,500 and the trend support level intersect, and this level can be said to be a strong buy area. The price needs to hold the level of $2,450–$2,500 in order to keep its ascending structure. ETH Upward Channel Structure Upward breakouts will be main targets so long as the price stays on the trendline. There is a strong resistance area at $2,590–$2,620, and there should be momentum up to $2,700 with a good green candle if the price must hold above this resistance area. After that, the first resistance level seems to be the level of $2,800, and if this level is exceeded, the price will go up to the trend resistance. It is highly possible that the next test to the trend resistance area will bring a breakout.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss (SL) in relation to shared transactions.
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 take a closer look at the overall market conditions and the latest insights together.Bitcoin formed a narrow trading range over the weekend. With the start of the new week, BTC moved upward, climbing as high as $106,600. The $106,500–$107,300 range remains a key resistance zone. Despite ongoing uncertainty in global markets, Bitcoin is showing strong bullish momentum. If buying pressure continues at this pace, a breakout above resistance could pave the way toward the next target at $108,900. On the downside, holding above the $105,000 level is a positive sign. The next major support lies at $103,900.As noted in our technical analysis section, Ethereum continues to trade within an ascending channel. Currently retesting a key resistance area, ETH has entered the week with strong buying momentum. The $2,580–$2,630 range remains a crucial resistance zone, with Ethereum trading around $2,620 at the moment. A breakout above this level could open the path toward the upper boundary of the channel, around $2,900. In case of a pullback, initial support is seen at $2,580, followed by a secondary support level at $2,500.Crypto NewsVanEck filed an updated version of its spot Solana ETF S-1 application. The SEC approved the Trump Media filing, opening the door to billions of dollars in Bitcoin purchases. Trump: Iran and Israel must reach an agreement. Binance Futures will launch AAVEUSDC and UNIUSDC futures contracts. Cryptocurrencies Top Gainers:KTA → Increased by 15.0% to $0.99917686.CHEX → Increased by 14.7% to $0.24206435.JTO → Increased by 14.1% to $2.30.SYRUP → Increased by 14.1% to $0.52734284.TKX → Increased by 13.0% to $32.38.Top Decliners:XSOLVBTC → Declined by 7.3% to $100,147.47.TRIBE → Declined by 6.3% to $0.42285928.RVN → Declined by 4.6% to $0.01914205.PI → Declined by 2.0% to $0.60475777.GT → Declined by 1.7% to $16.61.Fear Index:Bitcoin: 61Ethereum: 52 Dominance:Bitcoin: 64.58% ▼ 0.18%Ethereum: 9.55% ▲ 0.71%Daily Total Net ETF Inflows BTC ETFs: $301.70 million ETH ETFs: -$2.10 million Global MarketsIsraeli Prime Minister Netanyahu announced on Friday that they had launched an attack on Iran and said that the attacks would continue until the threat was eliminated. Netanyahu's threat is interpreted as Iran being very close to producing nuclear weapons. Attacks between Iran and Israel continued over the weekend. These developments in the Middle East have significantly heightened global tensions.This rising geopolitical tension naturally triggered selling pressure across global markets. While gold and oil prices surged, equity markets experienced minor declines. The VIX index climbed 2.8 points to 20.8, signaling growing anxiety among investors.Trump stated that intensive negotiations for peace are underway and that we may see positive results soon. This week, all eyes will be on developments between Iran and Israel.In financial markets, the Fed, the Bank of England, and the Central Bank of the Republic of Turkey's interest rate decisions will be closely monitored this week. No changes in interest rates are expected at any of these meetings. Another important topic at these meetings will be economic forecasts for the future.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → Market capitalization of $3.53 trillion, share price of $474.96, down 0.82%.NVIDIA (NVDA) → Market capitalization of 3.46 trillion USD, share price of 141.97 USD, down 2.09%.Apple (AAPL) → Market capitalization of 2.93 trillion USD, share price of 196.45 USD, down 1.38%.Amazon (AMZN) → Market capitalization of $2.25 trillion, share price of $212.10, down 0.53%.Alphabet (GOOG) → Market capitalization of $2.13 trillion, share price of $175.88, down 0.62%. Borsa IstanbulToday, important data for the Turkish economy will be announced. The current account deficit, retail sales, number of salaried employees for April, and central government budget data for May will be monitored. In March, the current account deficit stood at $4.1 billion, while preliminary figures for April suggest it may have widened to $7.7 billion. A rising current account deficit typically signals increased demand for foreign currency.Additionally, the Central Bank of Turkey (CBRT) will publish its June Market Participants Survey today. In the previous survey conducted in May, the inflation expectation was 30.35%, while the CBRT’s official forecast remained at 24%.There is also another development that could strengthen the Central Bank's position: TCMB has extended its currency swap agreement with the People's Bank of China for another three years. The agreement allows for transactions up to 189 billion TL.On the stock market front, rising tensions between Iran and Israel have caused significant unease. The BIST100 index closed Friday at around 9,300 points, down 1.8%.As the new week begins, markets will be closely watching both global geopolitical developments and upcoming central bank interest rate decisions.Top Market Capitalization Companies on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 858.44 billion TL, share price of 254.50 TL, down 0.68%.Aselsan Elektronik Sanayi (ASELS) → Market value of 645.24 billion TL, share price of 144.80 TL, up 2.33%.Türkiye Garanti Bankası (GARAN) → Market value of 492.24 billion TL, share price of 117.20 TL, no change.Koç Holding A.Ş. (KCHOL) → Market value of 368.72 billion TL, share price of 145.30 TL, and a decrease of 0.07%.Enka İnşaat ve Sanayi A.Ş. (ENKAI) → Market value of 366.66 billion TL, share price of 61.60 TL, 1.52% decrease. Precious Metals and Currency PricesGold: 4344 TL Silver: 46.20 TL Platinum: 1568 TL Dollar: 39.46 TL Euro: 45.66 TL We look forward to bringing you the latest updates again tomorrow!
ETH/USDT Technical AnalysisWe can name the range formed on the chart of ETH an upward channel. Ethereum has gone through an important consolidation period in this area, and in spite of the negative global news, it keeps this range without losing the structure. During the conflict between Israel and Iran over the last two days, we have witnessed that money has shifted towards safe havens like gold on the global arena. In short, global concern is at its peak right now, yet Ethereum stands strong like a safe haven. ETH Rising Channel The pullback to the top level of the channel is now priced in the middle band of the channel. The major support area for Ethereum is the $2400–$2430 range. Also, $2467 and $2507 are other important support levels.The major resistance zone for Ethereum is $2588–$2617. If this level breaks, we may see a peak movement later. Ethereum keeps its strong pattern despite the negative global events occurring over the last few days, and new targets will be on the table upon breaking these resistance levels.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop-loss (SL) during transactions.
You can find today’s edition of “Daily Market Recap with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the overall market conditions together and review the latest updates.Bitcoin (BTC) had previously dropped below the $104,977 support level, falling to as low as $101,150 before rebounding from the $101,059–$100,063 range with strong buying pressure and breaking out of the descending channel to the upside. However, BTC has now pulled back to around $104,950, once again approaching critical support levels. If the downward move continues, the $104,977 and $101,059 supports remain important. A drop below these levels could bring the $96,914 level into focus. On the upside, it will be difficult to speak of a sustained recovery unless the $106,794 and especially $109,588 resistance levels are broken. A stable move above $109,588 could target $111,980 (ATH) and $114,500.Ethereum (ETH) also gave a positive signal earlier by breaking out of its descending channel, but it has now pulled back to around $2,525. This weakening has raised doubts about the recovery. If the downward movement continues, the $2,385 level stands out as strong support. Falling below this level could bring $2,098 and then $2,004 into play. For the upward recovery to gain momentum, ETH needs to break above $2,711 and then $2,838. However, to reestablish a positive outlook, the price must maintain above $2,711.Crypto NewsBlackRock aims to become the world's largest crypto asset manager by 2030.President Trump called the 🇺🇸🇨🇳 China trade deal "GREAT!"Trident announced a funding plan of up to $500 million for the XRP Treasury and appointed Chaince Securities LLC as a strategic advisor.Financial market giant DTCC is exploring a stablecoin.French firm The Blockchain Group raised €9.7 million to buy more Bitcoin.Coinbase to launch futures trading in the U.S.Coinbase is partnering with American Express to launch the 'Coinbase One Card' offering up to 4% Bitcoin cashback.Israeli air force carried out airstrikes on Iran.Top Gainers in CryptocurrenciesVENOM → Up 26.6% to $0.17085618AERO → Up 15.0% to $0.63056735TRIBE → Up 5.5% to $0.45062473AB → Up 5.0% to $0.01219636WBT → Up 3.2% to $33.62Top Losers in CryptocurrenciesSPX → Down 18.4% to $1.39FARTCOIN → Down 17.9% to $1.10MOG → Down 17.0% to $0.97854539POPCAT → Down 16.7% to $0.3029431BRETT → Down 16.5% to $0.04416029Fear IndexBitcoin: 66Ethereum: 58DominanceBitcoin: 64.85% ▲ 0.83%Ethereum: 9.41% ▼ 3.66%Daily Net ETF InflowsBTC ETFs: $86.30 MillionETH ETFs: $112.30 MillionGlobal MarketsThe day began with reports that Israel struck multiple targets in Iran. We had previously warned in yesterday’s bulletin of rising geopolitical tensions in the region, but the scale and speed of this development have exceeded market expectations. Reports indicate that Israel hit military, industrial, and even academic targets in over 10 cities in Iran. The scope of this strike is significant, and attention now turns to Iran’s possible retaliation. Whether Iran will target Israeli cities or U.S. bases in the region remains a closely watched matter.These developments have caused noticeable movements in asset prices. Oil prices have surged nearly 10%, while gains have also been seen in precious metals, agricultural commodities, and other safe-haven assets. Conversely, global equity markets are under selling pressure. Losses in U.S. and European futures and Asian stock markets range between 1–2%.Yesterday, U.S. stock indices closed higher. The S&P 500 gained 0.4% and the Nasdaq 0.2%, while the VIX volatility index rose 0.8 points to 18.0. In Europe, the Eurostoxx-600 index declined by 0.3% due to diminishing trade optimism and heightened geopolitical tensions.Following the Middle East crisis, Brent crude oil tested $78.50 this morning and is currently trading around $74.70, up 7.7%. Gold also hit a one-month high on safe-haven demand, rising 1.1% to $3,422 per ounce. The U.S. Dollar Index (DXY) is up 0.4% at 98.3. Selling pressure continues in futures markets and Asian equities.On the macroeconomic front, the U.S. Producer Price Index (PPI) rose 0.1% in May, falling short of the 0.2% market expectation. Year-over-year, PPI rose to 2.6% from 2.5%. The decline in airline fares and flat energy prices contributed to the lower increase.Better-than-expected CPI and PPI data, along with signs of cooling in the labor market, have increased expectations of a potential Fed rate cut in September. However, at the upcoming June 18 meeting, the Fed is expected to keep interest rates unchanged.Additionally, weekly jobless claims in the U.S. came in at 248,000 for the week ending June 7, exceeding expectations of 242,000. Continuing claims rose to 1.96 million—the highest since November 2021—indicating a slowdown in the labor market.Most Valuable Companies & Stock PricesMicrosoft (MSFT): $3.56 trillion market cap, $478.87 per share, up 1.32%NVIDIA (NVDA): $3.54 trillion market cap, $145.00 per share, up 1.52%Apple (AAPL): $2.98 trillion market cap, $199.20 per share, up 0.21%Amazon (AMZN): $2.26 trillion market cap, $213.24 per share, up 0.02%Alphabet (GOOG): $2.14 trillion market cap, $176.97 per share, down 1.02%Borsa IstanbulIn Turkey, the Industrial Production Index (IPI) for April showed a sharp 3.1% monthly decline. The calendar-adjusted annual change was 3.3%. This steep monthly drop largely reflects a correction and normalization following March's strong growth. Volatility in capital goods production continues to be the primary driver of fluctuations in industrial output.The Construction Cost Index rose 1.7% in April month-over-month, with an annual increase of 22.7%. This marks the 11th consecutive month of year-over-year decline. Seasonally adjusted figures show that the monthly increase accelerated from 1.9% to 2.3%, signaling rising construction costs.Due to heightened geopolitical tensions in the Middle East, the BIST-100 index fell below its 100- and 200-day moving averages, ending the day down 1.7%. The biggest losses were in the banking, holding, and aviation sectors, while defense and steel stocks performed relatively better. The rise in geopolitical risk also pushed up oil and gold prices.Meanwhile, the CBRT has shifted all its funding operations to weekly repo auctions, bringing the average funding cost down to 46%—a 300 basis point drop over the last three trading days.Geopolitical tensions will continue to be the dominant factor in the short term. As such, a bearish trend may persist on the BIST today.Technical Outlook:The BIST-100 index closed at 9,520 yesterday, showing a weak trend throughout the session. The pullback, which began from 9,734—just below the 9,740–9,770 resistance band—continued throughout the day but remained relatively limited. The index staying above the 9,475–9,445 transition band indicates that the bullish expectation is still intact. If this support zone is breached, signs of weakness may strengthen, bringing the 9,255–9,148 support range back into focus. For now, as long as the index remains above this support zone, the possibility of retesting the 9,740–9,770 resistance band remains on the table.Most Valuable Companies on Borsa IstanbulQNB Finansbank (QNBTR): 876.86B TRY market cap, 258.75 TRY per share, down 1.15%Aselsan (ASELS): 659.83B TRY market cap, 144.20 TRY per share, down 0.35%Garanti Bank (GARAN): 499.8B TRY market cap, 114.20 TRY per share, down 4.03%Turkish Airlines (THYAO): 384.68B TRY market cap, 265.00 TRY per share, down 4.93%Koç Holding (KCHOL): 374.3B TRY market cap, 142.20 TRY per share, down 3.66%Precious Metals & Currency PricesGold: 4,334 TRYSilver: 46.19 TRYPlatinum: 1,617 TRYUSD: 39.42 TRYEUR: 45.45 TRYSee you again tomorrow with the latest updates!
