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SEC Takes Historic Step for ETFs: Cryptocurrency Trading Period Begins
The U.S. Securities and Exchange Commission (SEC) has made a critical decision for cryptocurrency markets. It has greenlit "in-kind" transactions, meaning the creation and redemption of cryptocurrencies directly, for Bitcoin and Ethereum spot ETFs. This development offers significant flexibility in the sector's operations compared to the period when spot ETFs, approved in early 2024, were limited to cash transactions only.This decision, taken by the SEC's vote on July 29th, is expected to reduce costs, increase liquidity, and provide tax advantages for both ETF issuers and institutional investors. Commission Chairman Paul S. Atkins stated after the vote, "Developing a fit-for-purpose regulatory framework for cryptocurrency markets is one of my top priorities. These decisions will contribute to lower cost and more efficient investment products." The image in the X post shared by Atkins regarding the subject. Traditional ETF mechanism brought to crypto"In-kind" transactions have been used for years in traditional stock and commodity ETFs. In this system, authorized participants can create or redeem ETF shares directly in exchange for the underlying asset. For example, in gold ETFs, this mechanism allows investors to purchase ETF shares instead of physical gold, or to redeem shares to receive gold.With the SEC extending this practice to crypto ETFs, ETF companies will now be able to directly purchase or deliver the underlying asset, Bitcoin or Ethereum. This will largely eliminate issues such as price fluctuations, transaction delays, and high costs associated with cash transactions.The decision also introduces a significant tax advantage for investors. In cash redemptions, the issuing ETF is required to liquidate the fund by selling the underlying asset, resulting in capital gains that are passed on to investors. However, in in-kind redemptions, the investor will purchase Bitcoin or Ethereum directly, leaving the sale decision entirely at their discretion. This will defer taxation.Furthermore, this flexibility will enable market makers and fund managers to better manage liquidity. Results such as narrowing spreads, increased trading volume, and enhanced market depth are expected. Experts note that this development could trigger new institutional inflows into ETF products. The SEC's decision also aligns with the US's attempt to catch up with international developments. Hong Kong initially allowed in-kind transactions in the Bitcoin and Ether ETFs it launched in April 2024. In some jurisdictions, such as Ontario, Canada, this flexibility was not initially granted. However, the clarity in Hong Kong and the SFC's requirement to work with licensed crypto exchanges ensured the system's smooth operation from the outset.On the US side, the process was challenging. Even within the SEC, this strict approach was criticized. Commissioner Mark Uyeda, during the January 2024 approval process for spot Bitcoin ETFs, stated that "approaching crypto with such caution while the same transaction is standard for physical gold-backed ETFs is a double standard," stating that the decision set a "worrying precedent."The ETF market and the crypto sectorThe approval of spot Bitcoin ETFs in early 2024 led to significant growth in the sector. These products, which have reached billions of dollars in assets under management, have seen their transaction volume increase, while new applications have also accelerated. The SEC's latest move could lead to a more flexible and investor-friendly structure for both approved products and future fund applications.
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30 Jul 2025
Daily Market Summary with JrKripto July 29, 2025
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 above this level. On the downside, the key support level stands at $111,800. In a potential upward move, the trend resistance near the $122,000 region could be the next target.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. After a sharp rally toward the $3,950 region, ETH has entered this trend zone. A breakout here could pave the way for notable gains. In the event of a pullback, the $3,500 level is expected to serve as support.Crypto NewsUAE credit institution RAKBANK will begin offering crypto services to its retail customers through Bitpanda.Invesco Galaxy has applied for the Solana ETF with the CBOE. Interactive Brokers, a brokerage firm with $600 billion in client assets, is considering introducing 24/7 stablecoin and cryptocurrency deposits into its investment accounts.Trump: Powell will be gone soon. I will miss him.PayPal allows US businesses to accept payments in more than 100 cryptocurrencies.Financial firm Mill City Ventures will acquire $441 million worth of $SUI tokens, transitioning to a crypto treasury strategy.The strategy firm made no new Bitcoin purchases last week.CryptocurrenciesTop Gainers:CFX → Up 38.3% to $0.25899976ZBCN → Up 20.0% to $0.00508004KTA → Up 12.2% to $1.21CKB → Up 10.7% to $0.00657596QUBIC → Up 10.1% to $0.00000245Top Losers:TKX → Down 37.5% to $5.77USELESS → Down 17.4% to $0.32020474CVX → Down 15.5% to $4.75FARTCOIN → Down 14.8% to $1.18PUMP → Down 12.6% to $0.00241791.Fear Index:Bitcoin: 74 (Greed)Ethereum: 63 (Greed)Dominance:Bitcoin: 61.52% ▲ 0.19%Ethereum: 11.90% ▼ 0.68%Total Daily Net ETF InflowsBTC ETFs: $157.10 MillionETH ETFs: $65.20 MillionGlobal MarketsGlobal risk appetite started the week cautiously. Trump's 15% tariff announcement against the EU created short-term market activity, but its impact was limited. US futures are slightly higher this morning. Markets remain cautious ahead of tomorrow's Fed and Thursday's BOJ interest rate decisions.As the critical August 1st deadline approaches, the US's extension of the tariff ceasefire with China and the start of a third round of talks are easing trade uncertainty. Although markets opened strongly yesterday following the agreement with the EU, they closed slightly lower due to criticism from European leaders. The VIX index remains low at 15.03.Today, US consumer confidence, housing prices, and job openings will be monitored. The ECB's June Consumer Expectations Survey will also be released.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.31 trillion market capitalization, $176.75 per share, up 1.87%.Microsoft (MSFT) → $3.81 trillion market capitalization, $512.50 per share, down 0.24%. Apple (AAPL) → $3.2 trillion market capitalization, $214.05 per share, increased by 0.08%.Amazon.com (AMZN) → $2.47 trillion market capitalization, $232.79 per share, increased by 0.58%.Alphabet (GOOG) → $2.33 trillion market capitalization, $193.42 per share, decreased by 0.34%.Borsa IstanbulJuly sectoral inflation expectations were announced. 12-month ahead inflation expectations fell to 23.4% among market participants and 39% in the real sector, while household expectations rose to 54.5%. According to TİM's June report, the export demand index decreased by 0.6% month-on-month and 0.5% year-on-year to 99.8, remaining below the long-term average. The BIST100 index closed down 0.9% yesterday, driven by sales in banking, defense, aviation, and holding stocks. In a week marked by financial statements, Tofaş and Medikal Park reported net profits above expectations, while Türk Traktör increased its profit despite weak results. Results from Akbank, Tüpraş, Aygaz, TAV, and Otokar will be released today. The BIST100 is expected to open the day with a slight gain, in line with international markets.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.31 trillion TL, price per share of 400.00 TL, increased by 2.56%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 826.73 billion TL, price per share of 178.2 TL, decreased by 1.71%. Türkiye Garanti Bankası (GARAN) → Market capitalization of 576.24 billion TL, price per share of 138.9 TL, increased by 1.24%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 432.37 billion TL, price per share of 171.2 TL, increased by 0.41%.Enka İnşaat ve Sanayi A.Ş. (ENKAI) → Market capitalization: 405.64 billion TL, price per share: 67.10 TL, decreased by 3.03%.Precious Metals and Currency PricesGold: 4326 TLSilver: 49.81 TLPlatinum: 1803 TLDollar: 40.57 TLEuro: 47.03 TLWe look forward to bringing you the latest updates again tomorrow.
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29 Jul 2025
Daily Market Summary with JrKripto July 28, 2025
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 place since 2021. Having surged to the $3,800 region with sharp increases, 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 NewsTether printed $1 billion worth of USDT.SharpLink Gaming purchased $295 million worth of ETH, bringing its total ETH holdings to 438,000.Upbit will list OP.Trump: The EU has agreed to allow countries to trade duty-free.Trump: We have reached an agreement with the EU.BNB broke a new record, exceeding $820.The US and China agreed to freeze tariffs for another 90 days.Rick Rieder, CIO of BlackRock, which manages $11.5 trillion in assets, called for the US Federal Reserve (Fed) to lower interest rates.CryptocurrenciesTop Gainers:KTA → Up 17.1% to $1.09CAKE → Up 16.9% to $3.29TRIBE → Up 16.1% to $0.60263769ORDI → Up 15.9% to $11.83SPX → Up 14.4% to $2.25Top Losers:REKT → Down 14.5% to $0.97120098GLM → Down 11.9% to $0.29879452TKX → Down 7.8% to $9.21CVX → Down 7.4% to $5.59CRV → Down 4.4% to $1.03Fear Index:Bitcoin: 74 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 60.82% ▼ 0.34%Ethereum: 12.07% ▲ 0.56%Total Daily Net ETF InflowsBTC ETFs: $130.80 MillionETH ETFs: $452.80 MillionGlobal MarketsGlobal markets are starting the week with optimism generated by the 15% tariff agreement reached between the US and the EU. The agreement boosts risk appetite as it prevents higher tariffs expected to take effect on August 1st. US and European futures are slightly positive. The VIX index fell to 14.93, nearing its lowest levels this year.This week, global markets will be closely watching Fed and Bank of Japan interest rate decisions, with no change expected in interest rates. PCE, nonfarm payrolls, and ISM manufacturing data will be released in the US, while the Eurozone CPI will be the leading indicator. Domestically, June external balance, unemployment, and ISO Manufacturing PMI data will be released.Most Valuable Companies and Stock Prices (Based on Data in the Image)NVIDIA (NVDA) → $4.23 trillion market capitalization, $173.50 per share, decreased by 0.14%.Microsoft (MSFT) → $3.82 trillion market capitalization, $513.71 per share, increased by 0.55%.Apple (AAPL) → $3.19 trillion market capitalization, $213.88 per share, increased by 0.06%.Amazon.com (AMZN) → $2.46 trillion market capitalization, $231.44 per share, decreased by 0.34%.Alphabet (GOOG) → $2.34 trillion market capitalization, $194.08 per share, increased by 0.46%.Borsa IstanbulMoody's upgraded Turkey's credit rating from "B1" to "Ba3" and lowered the outlook from "positive" to "stable." Fitch affirmed Turkey's credit rating at "BB-" and kept its outlook unchanged. Inflation is expected to decline to 28% by the end of 2025 and 21% by the end of 2026, while growth is expected to be 2.9% in 2025, 3.5% in 2026, and 4.2% in 2027.Friday evening's rating upgrade could inject some balanced optimism into the new week. Sectoral inflation expectations will be released today. Bank balance sheets will be a key factor in the market starting Wednesday. The tariff agreement between the US and the EU also supports risk appetite. July inflation data, to be released on August 4th, will be a key focus in the second half of the week. The BIST-100 struggled to hold above 10,700 last week, and cautious buyers are expected to start the new week.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.26 trillion TL, price per share of 380.25 TL, increased by 1.00%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 835.39 billion TL, price per share of 180.0 TL, decreased by 1.75%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 588 billion TL, price per share of 139.0 TL, decreased by 0.71%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 441.5 billion TL, price per share of 172.7 TL, decreased by 0.80%.Enka Construction and Industry Inc. (ENKAI) → Market capitalization: 405.35 billion TL, price per share: 68.60 TL, down 0.80%.Precious Metals and Currency PricesGold: 4347 TLSilver: 49.87 TLPlatinum: 1840 TLDollar: 40.54 TLEuro: 47.64 TLWe look forward to bringing you the latest updates again tomorrow.
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28 Jul 2025
ETH Comment and Price Analysis July 27, 2025
Ethereum 2025 Technical and Strategic AnalysisEthereum is currently going through an unusual rally. Now, we have come to see that this is the threshold of Ethereum’s third major attack within a logarithmic rising channel that has been operating at the same frequency since 2017. This channel has plotted the price's top, bottom, and direction with exact accuracy for years. Today, the price broke out of the middle border of this pattern, confirming its upward movement.Ethereum, currently trading around $3,769, has now broken out of the channel midline, which was tested repeatedly throughout 2022–2023. This isn't just a technical crossover; it's a clear breakout that signals buyers are back in control. The midband is now support, and the trend is upward. Ethereum The 2021 high of $4,850 remains untested. In technical literature, such levels are referred to as "weak highs." The fact that this area remains untouched increases the potential for an upward breakout, as there is still unexhausted liquidity there.Ethereum will not only reach this region, but also exceed it. This structure is not formed solely to rise, but to establish a new price floor. The upper limit of the logarithmic channel corresponds to the $13,000 to $15,000 range today. The 2017 peak occurred there. The 2021 peak occurred there. This is not a coincidence; it is a systematic cycle.Basic Technical FactsThe 2017 and 2021 peaks were formed by full contact with the upper border of the logarithmic channel.A horizontal accumulation process occurred throughout 2022–2023.As of summer 2024, the price broke above the midline of the logarithmic channel.Current Price: $3,769.Initial Target: $4,850 (Untested Weak High).Primary Target: $13,000–$15,000 (Log Channel Upper Band).This Isn't Just Price Movement, It's a Strategic SetupEthereum isn't currently experiencing a rally; it's completing a structure. We're in a transition from the lower band to the middle band, and now to the upper band. This transition is supported not only by technical analysis but also by capital flows and global risk appetite. Bitcoin and Ethereum ETFs, liquidity expansion, and stablecoin regulations are the macro drivers behind this movement.This chart isn't random. Ethereum has strengthened its infrastructure over the past two years. Those who accumulated positions in 2022 and 2023, when everyone else was impatient, are now witnessing not only price movement but also acceleration. This is because there is now momentum in the market. And this momentum isn't just designed to recapture the past peak; it's designed to surpass it.On-chain Data Shows Infrastructure Ready, Demand ExpandingEthereum's on-chain activity supports this rise. Staking rates are at historical highs. This means a large portion of the supply is locked. This minimizes supply pressure on the market. While supply is constrained, demand is expanding. Thanks to liquid staking systems like Lido and Rocket Pool, ETH is becoming both an investment vehicle and a source of income.At the same time, the number of active wallets, transaction volume, and network fees are increasing steadily. This data demonstrates that Ethereum is fuelled not by hype, but by real-world usage. The ecosystem is vibrant, the number of applications is growing, and enterprise integrations are expanding.So, Where Are You?This cycle, Ethereum's target isn't the previous high. The target is to reach the top of the logarithmic channel, and mathematically, this limit falls between $13,000 and $15,000. This isn't a bold prediction; it's a structural result. The charts are clear: This train has departed. Its destination is clear. The question that needs to be asked is:Which carriage on this train are you in?
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27 Jul 2025
Daily Market Summary with JrKripto July 25, 2025
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 entered a natural correction period after the ATH. Having lost support in the $117,000 region, BTC is currently trading around $115,000. The CME gap around $114,000 has not yet closed, and we see the price moving in this direction. The broad range of $111,000-$114,000 represents a significant support area. Support found in this area could re-target the $118,000 region.Ethereum, on the other hand, is holding strong despite Bitcoin's decline and even gaining upward momentum. As mentioned earlier, ETH, which is trading within a broad resistance area, continues to trade in this region.Crypto NewsThe Central Bank of the Republic of Turkey lowered its policy rate from 46% to 43%.The European Central Bank left the rate unchanged (it was expected to remain unchanged).Bank of America announced that many banks are preparing to launch their stablecoins. MicroStrategy has updated its capital raising plan for Bitcoin acquisitions. The company has raised its previously announced $500 million fundraising target to $2 billion. With this increase, MicroStrategy is reportedly aiming to further expand its Bitcoin investments.The TON Foundation and Kingsway Capital are planning a $400 million capital raise for the Toncoin treasury.Tether printed $2 billion in USDT.Trump: I want interest rates lowered and the Fed building completed.CryptocurrenciesTop Gainers:SYRUP → Up 21.8% to $0.5877799ENA → Up 14.5% to $0.52252511EUL → Up 11.6% to $12.18B → Up 9.7% to $0.60461203AXL → Up 9.7% to $0.41296338Top Losers:M → Down 18.7% to $0.36242166PUMP → Down 15.1% to $0.00258837TKX → Down 10.5% to $9.63TEL → Down 6.5% to $0.00593213PENGU → Down 6.5% to $0.03746343.Fear Index:Bitcoin: 71 (Greed)Ethereum: 60 (Greed)Dominance:Bitcoin: 61.58% ▼ 0.38%Ethereum: 11.74% ▼ 0.11%Total Daily Net ETF InflowsBTC ETFs: $226.70 MillionETH ETFs: $231.20 MillionGlobal MarketsGlobal markets are balanced this morning. Price action remains limited due to the lack of significant new news. Tariff concerns eased, while the VIX index remained flat at 15.4. The MSCI World Index rose 0.2%, reaching a new high, closing higher for the seventh consecutive day, driven by a moderate rise in US and European stock markets. The US July composite PMI rose to 54.6, buoyed by strength in the services sector. The services index rose to 55.2, while the manufacturing PMI came in at 49.5, below expectations. Companies remain concerned about federal spending cuts and tariffs. Business confidence weakened in both sectors. Jobless claims fell short of expectations at 217,000, supporting the positive employment outlook.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.24 trillion market capitalization, $173.74 per share, up 1.73%.Microsoft (MSFT) → $3.8 trillion market capitalization, $510.88 per share, up 0.99%.Apple (AAPL) → $3.19 trillion market capitalization, $213.76 per share, down 0.18%. Amazon.com (AMZN) → $2.47 trillion market capitalization, $232.23 per share, increased 1.73%.Alphabet (GOOG) → $2.34 trillion market capitalization, $193.20 per share, increased 0.88%.Borsa IstanbulThe Central Bank of the Republic of Turkey (CBRT) cut its policy rate by 300 basis points to 43%, exceeding expectations. Overnight lending and borrowing rates were also reduced by the same amount. Following this move, the BIST-100 index rose 1%, and Turkey's CDS premium fell below 280 basis points. Domestically, the capacity utilization rate, real sector, and sectoral confidence indices will be released today. Moody's and Fitch's credit rating assessments will also be monitored. While the external climate remains calm, we expect the BIST to maintain its upward trend.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 400.25 TL, changed by 0.00%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 832.66 billion TL, price per share of 185.8 TL, increased by 1.75%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 586.74 billion TL, price per share of 139.6 TL, decreased by 0.07%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 444.29 billion TL, price per share of 173.6 TL, decreased by 0.91%.Turkish Airlines Inc. (THYAO) → Market capitalization of 408.48 billion TL, price per share of 294.50 TL, decreased by 0.51%.Precious Metals and Currency PricesGold: 4,372 TLSilver: 50.76 TLPlatinum: 1,834 TLDollar: 40.55 TLEuro: 47.65 TLWe look forward to bringing you the latest updates again tomorrow.
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25 Jul 2025
Daily Market Summary with JrKripto July 24, 2025
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 News21Shares 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.CryptocurrenciesTop Gainers:REKT → Up 13.9% to $0.65251379SYRUP → Up 12.6% to $0.48162868SAROS → Up 9.7% to $0.37939587TKX → Up 7.5% to $10.81M → Up 5.2% to $0.44668162Top Fallers:MOVE → Down 23.6% to $0.13945918PUMP → Down 19.9% to $0.00303355FLR → Down 19.1% to $0.02229203APT → Down 16.5% to $4.63GRASS → 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 InflowsBTC ETFs: -$85.80 MillionETH ETFs: $332.20 MillionGlobal MarketsGlobal 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 PricesNVIDIA (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 IstanbulMarkets 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 IstanbulQNB 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 PricesGold: 4,396 TLSilver: 50.85 TLPlatinum: 1,819 TLDollar: 40.46 TLEuro: 47.71 TLWe look forward to bringing you the latest updates again tomorrow.
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24 Jul 2025
Daily Market Summary with JrKripto July 23, 2025
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 within the accumulation zone. As highlighted in our previous newsletters, the $117,900 level remains a key threshold, with the price continuing to hover around this area. On the downside, $111,800 stands out as the major support level. If upward momentum gains strength, the trend resistance at $122,000 could come into play.Ethereum, on the other hand, has broken out of its short-term parallel channel and is now trading within the broader downtrend zone that has persisted since 2021. After a sharp rally toward the $3,800 region, ETH has moved into this zone. A breakout here could pave the way for a significant upward move. In the event of a retracement, the $3,500 level is expected to act as support.Crypto News• Cryptocurrency prediction market Polymarket considers launching its stablecoin.• Trump announces he's considering repealing capital gains tax.• US Treasury Secretary Bessent: The FED must lower interest rates now.• Trump: We need interest rate cuts now.• The FBI concluded its ınvestigation of Kraken's founder and returned seized devices.• Sharplink Gaming announced purchasing 79,949 $ETH last week.• Western Union CEO says the bank ıs considering offering stablecoin products to its customers in digital wallets.• Elon Musk's SpaceX company transferred $152 million in Bitcoin for the first time in three years.• $MIU coin listed on BitMart exchange.CryptocurrenciesTop Gainers:USELESS → Up 20.8% to $0.33583496PENGU → Up 20.1% to $0.04420484REKT → Up 18.1% to $0.71302933FLR → Up 16.2% to $0.02452084MOG → Up 14.5% to $0.00000174Top Losers:CFX → Down 12.8% to $0.18170283KET → Down 4.2% to $0.29333068JUP → Down 4.2% to $0.62018807KAITO → Down 3.3% to $1.62PI → Down 3.0% to $0.47386023Fear Index:Bitcoin: 73 (Greed)Ethereum: 62 (Greed)Dominance:Bitcoin: 60.82% ▼ 0.16%Ethereum: 11.58% ▲ 0.37%Total Daily Net ETF InflowsBTC ETFs: -$68.00 MillionETH ETFs: $533.80 MillionGlobal MarketsWe start the new day with reports that the U.S. has reached or initiated trade negotiations with several Asian countries. Notably, the agreement with Japan and the decision to lower automobile tariffs from 25% to 15% stand out. These developments fueled a gain of over 3% on the Tokyo Stock Exchange. Ongoing discussions with the Philippines, Indonesia, and China are also lending support to regional stock markets. Meanwhile, U.S. and European futures are trading in positive territory this morning.Optimism around trade agreements is boosting risk appetite across markets. Reflecting this sentiment, the VIX volatility index has declined to 16.5, hovering near its July average.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.08 trillion market capitalization, $167.03 per share, down 2.54%.Microsoft (MSFT) → $3.76 trillion market capitalization, $505.27 per share, down 0.94%.Apple (AAPL) → $3.2 trillion market capitalization, $214.40 per share, up 0.90%. Amazon (AMZN) → $2.41 trillion market capitalization, $227.47 per share, down 0.80%.Alphabet (GOOG) → $2.32 trillion market capitalization, $192.11 per share, up 0.50%.Borsa IstanbulYesterday, the Treasury issued $5.35 billion in one-year dollar-denominated government bonds and $463.6 million in lease certificates. This brought total borrowing in July to approximately 494 billion Turkish Lira. This month, 376.4 billion Turkish Lira was planned for domestic borrowing, compared to 316.6 billion Turkish Lira for domestic debt payments.The July Consumer Confidence Index will be released today. The index had increased in the last two months to 85.1, but it is still below its long-term average.The BIST-100 closed flat yesterday due to bank sales. Investors are reviewing their positions ahead of the Central Bank of the Republic of Turkey (CBRT) interest rate decision, scheduled for Thursday, and the Fitch and Moody's reports expected on Friday. Next week, the August 4th inflation data will be the focus. We expect the index to trend sideways today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 391.00 TL, decreased by 2.07%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 806.21 billion TL, price per share of 176.5 TL, decreased by 0.17%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 600.6 billion TL, price per share of 139.4 TL, decreased by 2.52%.Koç Holding A.Ş. (KCHOL) → Market capitalization: 438.2 billion TL, price per share: 173.0 TL, increased by 0.12%.Turkish Airlines Inc. (THYAO) → Market capitalization: 405.72 billion TL, price per share: 297.25 TL, increased by 1.11%.Precious Metals and Currency PricesGold: 4444 TLSilver: 51.05 TLPlatinum: 1880 TLDollar: 40.44 TLEuro: 47.47 TLWe look forward to bringing you the latest updates again tomorrow.
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23 Jul 2025
Daily Market Summary with JrKripto July 22, 2025
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.CryptocurrenciesTop Gainers:TKX → Up 27.7% to $10.12ZBCN → Up 10.6% to $0.00388996QNT → Up 9.6% to $130.64KAS → Up 7.9% to $0.11380462AIOZ → Up 7.1% to $0.45738223Top Losers:PUMP → Down 14.7% to $0.00369132CKB → Down 13.2% to $0.00542485MORPHO → Down 12.4% to $1.92BLUR → Down 11.9% to $0.10628191XTZ → 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 InflowsBTC ETFs: -$131.40 MillionETH ETFs: $296.50 MillionGlobal MarketsGlobal 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 PricesNVIDIA (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 IstanbulThe 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 IstanbulQNB 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 PricesGold: 4396 TLSilver: 50.66 TLPlatinum: 1889 TLDollar: 40.40 TLEuro: 47.25 TLWe look forward to bringing you the latest updates again tomorrow.
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22 Jul 2025
Daily Market Summary with JrKripto July 21, 2025
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 within the accumulation zone. As highlighted in our previous newsletters, the $117,900 level remains a key threshold, and BTC continues to hover around this area. On the downside, the primary support lies at $111,800, while a move to the upside could target the trend resistance at $122,000.Ethereum, meanwhile, has broken out of its short-term parallel channel and is now trading within the broader downtrend zone that has been in place since 2021. After a sharp rally toward the $3,800 region, ETH has entered this trend zone. A breakout here could signal a strong upward move for Ethereum. In case of a pullback, the $3,500 level is expected to act as support.Crypto NewsThe supply of Ethena's stablecoin, $USDE, has surpassed $6 billion, reaching an all-time high.Trump signed the stablecoin bill into law.Trump on trade agreements: There are major agreements to be announced soon. We have several important trade letters.Mastercard said crypto stablecoins "enable faster, lower-cost cross-border payments."Coinbase stock reached its highest level since its 2021 IPO.US banking giant Charles Schwab announced that it will begin offering trading services for Bitcoin and Ethereum.The total market capitalization of crypto assets has surpassed $4 trillion for the first time.CryptocurrenciesTop Gainers:CFX → Up 93.3% to $0.23443022OM → Up 43.6% to $0.3408515CKB → Up 37.0% to $0.00613046TRAC → Up 32.3% to $0.56129275BLUR → Up 28.6% to $0.1174197Top Losers:FRAX → Down 10.7% to $3.60TKX → Down 6.7% to $8.50USELESS → Down 4.8% to $0.27799262XTZ → Down 4.5% to $1.08CHEEMS → Down 3.9% to $0.0000014.Fear Index:Bitcoin: 72 (Greed)Ethereum: 62 (Greed)Dominance:Bitcoin: 60.94% ▲ 0.13%Ethereum: 11.81% ▼ 0.16%Total Daily Net ETF InflowsBTC ETFs: $363.50 MillionETH ETFs: $402.50 MillionGlobal MarketsAfter reaching record highs last week, global markets closed the week calmly in the wake of the Japanese elections. The VIX index fell to 16.4, closing near July's lows, indicating that risk appetite remains intact.In the US, the University of Michigan consumer confidence index rose to 61.8 in July. The current conditions index rose to 66.8, and the expectations index rose to 58.6. Inflation expectations fell sharply: the 12-month outlook fell from 5% to 4.4%, and the 5-year outlook fell from 4% to 3.6%.Housing starts increased by 4.6% month-over-month in June, reaching 1.32 million units. This was a 0.5% decrease compared to the same period last year. Building permits, contrary to expectations, increased by 0.2%. The annualized figure reached 1.40 million units.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.21 trillion market capitalization, $172.41 per share, decreased by 0.34%.Microsoft (MSFT) → $3.79 trillion market capitalization, $510.05 per share, decreased by 0.32%. Apple (AAPL) → $3.15 trillion market capitalization, $211.18 per share, up 0.55%.Amazon (AMZN) → $2.4 trillion market capitalization, $226.13 per share, up 1.01%.Alphabet (GOOG) → $2.25 trillion market capitalization, $185.94 per share, up 0.67%.Borsa IstanbulDomestically, the Central Bank of the Republic of Turkey (CBRT) will release its July Market Participants Survey today. The Treasury will conduct direct sales of 5-year lease certificates today and 1-year dollar-denominated bonds and lease certificates tomorrow.This week, markets will focus on Thursday's CBRT interest rate decision. Expectations are for a 250 basis point cut to 43.50%. Fitch and Moody's Turkey reports will be monitored on Friday. The expectation of a rating upgrade from Moody's is prominent.The BIST 100 finished flat last week. Bank stocks fell 2.8% on a weekly basis, while Aselsan rose 8%. The insurance and REIT indices also showed positive divergence. The index is expected to trend flat on the first day of the week.Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.22 trillion TL, price per share of 363.00 TL, increased by 10.00%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 757.87 billion TL, price per share of 166.20 TL, increased by 2.66%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 583.8 billion TL, price per share of 139.00 TL, decreased by 1.84%.Koç Holding A.Ş. (KCHOL) → Market value 421.97 billion TL, price per share 166.40 TL, decreased by 1.13%. Turkish Airlines Inc. (THYAO) → Market capitalization: 398.82 billion TL, price per share: 289.00 TL, decreased by 0.09%.Precious Metals and Currency PricesGold: 4361 TLSilver: 49.66 TLPlatinum: 1872 TLDollar: 40.39 TLEuro: 47.00 TLWe look forward to bringing you the latest updates again tomorrow.
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21 Jul 2025
Daily Market Summary with JrKripto July 18, 2025
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.We mentioned in our previous newsletters and analyses that Bitcoin faces resistance around $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically sound pullback. If a reversal from $117,900 occurs, we can expect a move back into the trend zone. We currently see it remaining above $118,000. In the opposite scenario, the $114,000 support will be decisive in the short term.Ethereum, on the other hand, appears to have more volume compared to BTC. It has made a clear break above the $3500 level and is now trading near the $3700 resistance area.Crypto NewsSharpLink Gaming has filed for a $5 billion share sale to acquire more ETH. The US House of Representatives has passed the latest crypto bill, Anti-CBDC. The bill, which bans the Fed from issuing digital currencies, will be sent to the Senate.The US House of Representatives has formally passed the crypto bill CLARITY.The House Passes the Crypto Market Structure Bill, Sends it to the Senate.The US House of Representatives has also passed the other crypto bill, GENIUS.Blackrock has applied to add staking to its Ethereum ETF.NASDAQ has submitted a proposal to allow staking for the iShares Ethereum Trust.CryptocurrenciesTop Gainers:TKX → Up 62.1% to $10.96GIGA → Up 25.5% to $0.02435242LDO → Up 22.6% to $1.14SNEK → Up 20.5% to $0.004006UNI → Up 19.4% to $10.62Top Losers:CVX → Down 14.2% to $4.49CHEEMS → Down 9.2% to $0.0000015DEXE → Down 6.4% to $7.98BONK → Down 6.3% to $0.00003593USELESS → Down 6.0% to $0.32065324 Fear Index:Bitcoin: 73 (Greed)Ethereum: 55 (Greed)Dominance:Bitcoin: 61.73% ▼ 0.82%Ethereum: 11.26% ▲ 2.18%Total Daily Net ETF InflowsBTC ETFs: $514.80 MillionETH ETFs: $584.80 MillionGlobal MarketsGlobal risk appetite is generally strong. US and European futures indices are bullish, while Asia is flat. The VIX index fell to 16.5, returning to last week's average. This suggests that risk appetite is increasing due to the better-than-expected US retail sales, employment data, and earnings figures.In the US, retail sales increased by 0.6% month-over-month in June, exceeding expectations (0.1%), while sales excluding automotive and gasoline also rose by the same amount. The control group, which reflects economic growth, also increased by 0.5%. Unemployment claims fell below expectations at 221,000 for the week of July 12th. Thus, while the labor market remains positive, the four-week average number of claims also declined. However, continuing claims, at 1.96 million, remain above 1.9 million since May.Most Valuable Companies and Stock Prices• NVIDIA (NVDA) → $4.22 trillion market capitalization, $173.00 per share, increased by 0.95%.• Microsoft (MSFT) → $3.8 trillion market capitalization, $511.70 per share, increased by 1.20%. • Apple (AAPL) → $3.14 trillion market capitalization, $210.02 per share, down 0.07%.• Amazon (AMZN) → $2.38 trillion market capitalization, $223.88 per share, up 0.31%.• Alphabet (GOOG) → $2.23 trillion market capitalization, $184.70 per share, up 0.51%.Borsa IstanbulThe Borsa Istanbul stock market saw a 2.5% rise yesterday, noting strong inflows. The index is expected to head towards the 10,450/10,500 resistance zone. With net foreign inflows of $1.1 billion in June, total inflows reached $1.9 billion in the first half of the year.Home sales in June increased by 35.8% year-over-year to 107,723. However, there was a 5.3% month-over-month decrease in seasonally adjusted terms. Mortgaged sales increased by 112.6% annually. Sales to foreigners increased by 8.7%. Housing prices increased by 2% in June, with an annual increase of 32.8%, and a real decrease of 1.7%.Short-term external debt stock increased by 1.2% in May, reaching $170.3 billion. Total external debt with a maturity of one year or less reached $222.3 billion. The stock market is expected to see strong buying activity today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.05 trillion TL, price per share of 325.00 TL, increased by 10.0%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 737.35 billion TL, price per share of 162.70 TL, increased by 0.62%. • Garanti Bank of Turkey (GARAN) → 562.38 billion TL market capitalization, 134.90 TL per share, increased by 0.75%.Koç Holding A.Ş. (KCHOL) → 408.28 billion TL market capitalization, 161.60 TL per share, increased by 0.37%.Turkish Airlines Inc. (THYAO) → Market capitalization: 393.3 billion TL, price per share: 289.00 TL, increased by 1.40%.Precious Metals and Currency PricesGold: 4331 TLSilver: 49.79 TLPlatinum: 1905 TLDollar: 40.37 TLEuro: 46.96 TLWe look forward to bringing you the latest updates again tomorrow.
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18 Jul 2025
Daily Market Summary with JrKripto July 17, 2025
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.We mentioned in our previous newsletters and analyses that Bitcoin faces resistance around $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically healthy pullback. If a reversal from $117,900 occurs, we can expect a move back into the trend zone. We currently see it remaining above $118,000. In the opposite scenario, the $114,000 support will be decisive in the short term.Ethereum, on the other hand, appears to have more volume compared to BTC. It made a clear break above $3,400 and is now trading near the $3,500 resistance level.Crypto NewsThe BlackRock Ethereum ETF saw $500 million in inflows yesterday.ETH broke above $3,400 for the first time since February.Holders of Trump's World Liberty Financial cryptocurrency have voted to make the token tradable.The US House of Representatives has formally passed the Anti-CBDC Act, the Genius Act, and the Clarity Act.Investors are pricing in a greater than 50% chance that the Fed will cut interest rates in September.Windtree Therapeutics will purchase $200 million worth of BNB for its treasury.Bank of America: "The company will collaborate with some stablecoins."CryptocurrenciesTop Gainers:FLOKI → Up 34.6% to $0.0001343CRV → Up 23.7% to $0.98030287MEW → Up 23.6% to $0.00397761BONK → Up 21.7% to $0.00003807TOSHI → Up 18.3% to $0.0007296Top Losers:TKX → Down 27.6% to $6.74PUMP → Down 19.0% to $0.00531582M → Down 18.0% to $0.3304374KTA → Down 12.7% to $0.74222945PENGU → Down 10.4% to $0.03000343Fear Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 63.08% ▲ 0.05%Ethereum: 10.82% ▼ 0.56%Total Daily Net ETF InflowsBTC ETFs: $799.40 MillionETH ETFs: $726.60 MillionGlobal MarketsMarkets are experiencing volatility due to concerns about the Fed's independence and its balance sheet announcements. Rumors that Trump will fire Fed Chair Powell sent the VIX volatility index to 19.5, but the index closed at 17.2 after Trump denied the news.In the US, the June PPI remained unchanged on a monthly basis, while the annual increase slowed from 2.7% to 2.3%. Industrial production increased by 0.3%, exceeding expectations, and capacity utilization rose to 77.6%. Mortgage applications fell by 10%, recording their sharpest weekly decline since mid-April; the 30-year mortgage rate rose to 6.82%.As the Trump-Powell tensions continue, global markets are seeing negative US futures, positive European futures, and mixed Asian futures.Most Valuable Companies and Stock Prices:NVIDIA (NVDA) → $4.18 trillion market capitalization, $171.37 per share, up 0.39%Microsoft (MSFT) → $3.76 trillion market capitalization, $505.62 per share, down 0.04%Apple (AAPL) → $3.14 trillion market capitalization, $210.16 per share, increased by 0.50%Amazon (AMZN) → $2.37 trillion market capitalization, $223.19 per share, decreased by 1.40%Alphabet (GOOG) → $2.22 trillion market capitalization, $183.77 per share, increased by 0.37%Borsa IstanbulFollowing a positive opening yesterday at Borsa Istanbul, the BIST 100 index fell nearly 3% following news of Israel's strike on Damascus. It then recovered nearly 2%, closing the day with a 1.02% loss at 10,121 points. Reaction buying may continue today. Resistance levels at 10,300 and 10,450, and support levels at 10,000 and 9,800 should be closely monitored.In June, the central government budget posted a deficit of 330.2 billion TL. This figure was below the Treasury's cash deficit but above the same month last year. The primary deficit was 54.5 billion TL, bringing the total deficit in the first half of the year to 980.5 billion TL, and the 12-month cumulative deficit to 2.3 trillion TL.Companies with the Highest Market Capitalization on Borsa Istanbul:QNB Finansbank (QNBTR) → Market capitalization of 1.05 trillion TL, price per share of 325.00 TL, increased by 3.83%Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 737.35 billion TL, price per share of 162.70 TL, increased by 0.62%Türkiye Garanti Bankası (GARAN) → Market capitalization of 562.38 billion TL, price per share of 134.90 TL, increased by 0.75%Koç Holding A.Ş. (KCHOL) → Market capitalization of 408.28 billion TL, price per share of 161.60 TL, increased by 0.37%Turkish Airlines Inc. (THYAO) → Market capitalization of 393.3 billion TL, price per share of 289.00 TL, increased by 1.40%Precious Metals and Currency Prices:Gold: 4322 TLSilver: 49.01 TLPlatinum: 1836 TLDollar: 40.25Euro: 46.82 TLWe look forward to bringing you the latest updates again tomorrow.
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17 Jul 2025
Daily Market Summary with JrKripto July 16, 2025
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.We mentioned in our previous newsletters and analyses that Bitcoin faces resistance at $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically sound pullback. A reversal from $117,900 could lead to a move back into the trend zone. In the opposite scenario, the $114,000 support level will be decisive in the short term.Ethereum continues to test the critical areas mentioned in the analysis, and even price above them.Crypto NewsStandard Chartered, through its UK subsidiary, has begun offering spot trading services for Bitcoin and Ethereum to institutional clients. The bank is the first major global bank to offer this service. (Reuters)A whale, who began selling from his 80,000 Bitcoin holdings, sent another 40,000 BTC worth $4.6 billion to Galaxy Digital.ProShares is launching ETFs targeting double the daily returns of Solana (SOL) and XRP.Donald Trump: Inflation has arrived. The Fed must lower interest rates. And now.SharpLink Gaming announced it holds 280,706 ETH.CryptocurrenciesTop Gainers:COW → Up 21.7% to $0.44006204ENS → Up 19.3% to $26.55CVX → Up 15.9% to $4.45BSV → Up 15.5% to $29.84TEL → Up 13.8% to $0.00647608Top Losers:TKX → Down 15.5% to $9.15M → Down 8.2% to $0.39629311FARTCOIN → Down 4.6% to $1.21EUL → Down 4.0% to $13.23FUN → Down 3.2% to $0.0214798Fear Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 63.80% ▲ 0.08%Ethereum: 10.31% ▼ 0.05%Total Daily Net ETF InflowsBTC ETFs: $403.10 MillionETH ETFs: $192.30 MillionGlobal MarketsThe inflation data released in the U.S. yesterday for June came in slightly above expectations. The Consumer Price Index (CPI) rose by 0.3% on a monthly basis, while annual inflation reached 2.7%, compared to the forecast of 2.6%. Core inflation, which excludes food and energy, increased to 2.9% year-over-year.Rising energy and food prices played a key role in the uptick. Following the data, expectations for a Federal Reserve rate cut this year have weakened, with markets now pushing their projections to the fourth quarter of 2025. There is even growing speculation that rate hikes could be back on the table later this year.After the inflation data, the VIX index edged up slightly to 17.4, signaling a modest deterioration in risk sentiment. Despite this, global markets opened the day on a positive note, with buying activity observed in U.S. and European futures as well as Asian markets.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.17 trillion market capitalization, $170.70 per share, up 4.04%Microsoft (MSFT) → $3.76 trillion market capitalization, $505.82 per share, up 0.56%Apple (AAPL) → $3.12 trillion Market capitalization, price per share: $209.11, up 0.23%Amazon (AMZN) → Market capitalization: $2.4 trillion, price per share: $226.35, up 0.29%Alphabet (GOOG) → Market capitalization: $2.21 trillion, price per share: $183.10, up 0.16%Borsa IstanbulThe Treasury borrowed a total of 90.3 billion TL in auctions held on Monday. The average compound yield on 2- and 5-year fixed-coupon bonds was 40.80% and 36.15%, respectively.Today, May service and construction production indices, private sector foreign loan debt, and June budget balance data will be released.Selling pressure was prominent in banking stocks on Monday. Today, however, may be a day where foreign influences will be closely monitored due to high inflation data in the US and geopolitical developments. We expect a flat trend in the BIST-100.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of TL 989.09 billion, price per share of TL 295.25, increased by 1.37%Aselsan Elektronik Sanayi (ASELS) → Market capitalization of TL 709.08 billion, price per share of TL 155.5, increased by 0.97%Türkiye Garanti Bankası (GARAN) → Market capitalization of TL 577.5 billion, price per share of TL 137.5, decreased by 3.31%Koç Holding A.Ş. (KCHOL) → Market capitalization of TL 417.16 billion, price per share of TL 164.5, decreased by 0.66%Türk Hava Yolları A.O. (THYAO) → Market capitalization 401.58 billion TL, price per share 291.00 TL, decreased 0.68%Precious Metals and Currency PricesGold: 4314 TLSilver: 49.06 TLPlatinum: 1754 TLDollar: 40.24 TLEuro: 46.77 TLWe look forward to bringing you the latest updates again tomorrow.
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16 Jul 2025
Daily Market Summary with JrKripto July 15, 2025
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 updated its current ATH to $123,800 as of yesterday. As mentioned in our BTC analysis, we stated that it would be beneficial for the price to pull back from the resistance zone after reaching it. BTC, which has been revisiting its ATH for several days, has now broken through a key resistance area. The $115,000 zone will be closely watched.Ethereum, as seen in the chart we shared in yesterday's updated analysis, experienced a pullback after a trend reversal. As long as it remains above the $2,880–$2,900 region, the positive outlook will continue.Crypto NewsStandard Chartered has begun offering spot trading services for Bitcoin and Ethereum to corporate clients through its UK subsidiary. The bank has become the first major global bank to offer this service. (Reuters)The Federal Reserve and US regulators issued a statement confirming that banks are allowed to hold Bitcoin and other cryptocurrencies.Ondo Finance is accelerating development of a full-stack RWA platform with the acquisition of Strangelove.MicroStrategy purchased 4,225 Bitcoin at an average price of $111,827 between July 7 and July 13.CryptocurrenciesTop Gainers:FUN → Up 15.2% to $0.02259278USELESS → Up 13.3% to $0.34701556BDX → Up 11.5% to $0.06992641INCH → Up 11.2% to $0.34411542BONK → Up 7.4% to $0.00002875Top Losers:M → Down 26.6% to $0.41467673MOG → Down 15.1% to $0.00000158KTA → Down 14.7% to $0.79702945DOG → Down 11.3% to $0.00400906CRO → Down 10.7% to $0.10273858Fear Index:Bitcoin: 73 (Greed)Ethereum: 63 (Greed)Dominance:Bitcoin: 64.37% ▼ 0.23%Ethereum: 9.87% ▲ 0.26%Total Daily Net ETF Inflows:BTC ETFs: $297.40 millionETH ETFs: $259.00 millionData to Watch Today3:30 PM – Core Consumer Price Index (CPI) (Monthly) (June)Expectation: 0.3% | Previous: 0.1%3:30 PM – Consumer Price Index (CPI) (Annual) (June)Expectation: 2.6% | Previous: 2.4%3:30 PM – Consumer Price Index (CPI) (Monthly) (June)Expectation: 0.3% | Previous: 0.1%All Day – Turkey: Democracy Day – HolidayGlobal MarketsMarkets are focused on today’s U.S. June inflation data. Rising trade tensions and uncertainties are keeping investors cautious, while the market’s overall response to tariff threats has been limited. Bond yields in the U.S. and Europe rose slightly; U.S. stock markets moved higher, while Eurozone stocks declined slightly.In response to Trump’s announcement of a 30% tariff, the EU announced it would take countermeasures if no agreement is reached by August 1st. However, the EU Trade Commissioner noted that negotiations were ongoing. Regarding Mexico, the White House clarified that the tariff would not apply to products covered by the USMCA.Most Valuable Companies and Stock PricesNVIDIA (NVDA): $4T market cap | $164.07 per share ▼ 0.52%Microsoft (MSFT): $3.74T market cap | $503.02 per share ▼ 0.06%Apple (AAPL): $3.12T market cap | $208.62 per share ▼ 1.20%Amazon (AMZN): $2.4T market cap | $225.69 per share ▲ 0.30%Alphabet (GOOG): $2.21T market cap | $182.81 per share ▲ 0.83%Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR): 989.09B TL | 295.25 TL/share ▲ 1.37%Aselsan Elektronik Sanayi (ASELS): 709.08B TL | 155.5 TL/share ▲ 0.97%Türkiye Garanti Bankası (GARAN): 577.5B TL | 137.5 TL/share ▼ 3.31%Koç Holding A.Ş. (KCHOL): 417.16B TL | 164.5 TL/share ▼ 0.66%Türk Hava Yolları A.O. (THYAO): 401.58B TL | 291.00 TL/share ▼ 0.68%Precious Metals and Currency PricesGold: 4,349 TLSilver: 49.48 TLPlatinum: 1,784 TLUSD/TRY: 40.22 TLEUR/TRY: 47.05 TLWe look forward to bringing you the latest updates again tomorrow.
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15 Jul 2025
ETH Comments and Price Analysis July 14, 2025
ETH Technical AnalysisWe’ll be analyzing ETH on a daily timeframe in detail and commenting on it. ETH managed to reach $3,000 – a major level – following Bitcoin’s ATH. Looking at the ETH/BTC pair, it continues to increase despite BTC’s rise, which indicates that ETH is strong on the daily timeframe. ETH Wide Angle View It can be seen on the chart that there is a narrowing triangle pattern coming from 2021. ETH has always traded within this formation despite some minor violations.We mentioned that there is no resistance at $3,000, yet it can be considered a psychological barrier. If we see pullbacks, it can mean that these are for profit-taking. As long as these pullbacks hold above $2,879 – $2,828, the price target will be $3,250. The downtrend resistance which has come from 2021 is located just above this level. The average trend around $3,500 is the most important level for ETH. If a breakout occurs, it will signal the start of a golden era for Ethereum. ETH Short-Term Outlook If analyzed for the short term, ETH seems to have broken out of its current range. $2,700 was a major breakout level and from there, the price swiftly jumped to $3,040. There are some resistance levels ahead; $3,072 and $3,200 are important levels as resistance. In case of a possible pullback, we have $2,879 as a primary support for the short term.We can see that the main liquidation is still in the upper region on the daily timeframe.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.
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14 Jul 2025
Daily Market Summary with JrKripto July 14, 2025
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.As highlighted in previous articles, Bitcoin continues to demonstrate strong upward momentum, reaching new all-time highs. As we start the new week, another ATH has been confirmed. That said, the potential for further records and even higher levels remains significant.On the Ethereum side, the rally has outpaced that of Bitcoin. For instance, while BTC gains 10%, ETH can move by around 20%. The current resistance at $3,072 represents a strong selling zone. A breakout above this level could pave the way for a move toward $3,500. However, if the price faces rejection here, the $2,880 support level will be critical to watch closely.Crypto NewsWhite House Economic Advisor Hassett: Trump has the authority to fire Powell if there's a legitimate reason.Trump: The US will impose a 30% tax on the EU starting August 1.The Czech National Bank acquired Coinbase shares in the second quarter.Former Fed member Warsh said the Fed should cut interest rates immediately and that a change of Fed chair would be a good thing.CryptocurrenciesTop Gainers:M → Up 50.7% to $0.56798979MOG → Up 29.5% to $0.00000166ENA → Up 27.3% to $0.37180338SNEK → Up 27.1% to $0.00275231B → Up 24.4% to $0.46838309Top Losers:USELESS → Down 6.5% to $0.27971634ZBCN → Down 6.0% to $0.00344617TKX → Down 4.1% to $12.12VENOM → Down 0.7% to $0.22752356USDY → Down 0.5% to $1.09Fear Index:Bitcoin: 70 (Greed)Ethereum: 58 (Greed)Dominance:Bitcoin: 64.65% ▼ 0.03%Ethereum: 9.97% ▼ 0.21%Total Daily Net ETF Inflows:BTC ETFs: $1.03 BillionETH ETFs: $204.90 MillionGlobal MarketsWe begin the week amid rising tariff tensions between the U.S. and the EU. The U.S. has announced it will impose 30% tariffs on goods from the EU and Mexico starting August 1, prompting a retaliatory response from the EU; both developments weighing heavily on global markets. Adding to the uncertainty, the U.S. administration’s calls for Fed Chair Powell’s resignation and threats of dismissal have further increased market stress. This week, investors will closely monitor U.S. inflation data, U.S.–EU trade negotiations, and signals from the ongoing earnings season. The VIX volatility index, which remained subdued throughout most of last week, edged higher on Friday in response to the tariff news but still closed the week lower. This indicates that, for now, market risk perception remains relatively contained.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.02 trillion market capitalization, $164.92 per share, up 0.50%Microsoft (MSFT) → $3.74 trillion market capitalization, $503.32 per share, up 0.37%Apple (AAPL) → $3.15 trillion market capitalization, $211.16 per share, down 0.59%Amazon (AMZN) → $2.39 trillion market capitalization, $225.02 per share, up 1.24%Alphabet (GOOG) → $2.19 trillion market capitalization, $181.31 per share, up 1.46%Borsa IstanbulThe domestic current account deficit fell below expectations at $0.7 billion in May. The 12‑month cumulative deficit rose to $16 billion, while the current account surplus, excluding gold and energy, climbed to $49.5 billion. The data suggest that the deterioration observed in April was temporary and that the overall balance is on an improving path.The BIST‑100 index closed last week with a gain of nearly 1%, with bank and REIT stocks showing notable outperformance, while the telecom sector came under selling pressure. This week brings a packed data calendar. The market will be closed tomorrow due to a public holiday, and we anticipate a slightly weak opening to the week for the BIST.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market cap 975.69 billion TL, price 291.25 TL, up 2.92%Aselsan Elektronik Sanayi (ASELS) → Market cap 702.24 billion TL, price 154.00 TL, up 0.98%Türkiye Garanti Bankası (GARAN) → Market cap 597.24 billion TL, price 142.20 TL, up 0.21%Koç Holding A.Ş. (KCHOL) → Market cap 419.94 billion TL, price 165.60 TL, up 1.35%Türk Hava Yolları A.O. (THYAO) → Market cap 404.34 billion TL, price 293.00 TL, up 0.69%Precious Metals and Currency PricesGold: 4,344 TLSilver: 50.49 TLPlatinum: 1,814 TLDollar: 40.21 TLEuro: 46.89 TLWe look forward to bringing you the latest updates again tomorrow.
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14 Jul 2025