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Daily Market Summary with JrKripto 11 May 2025
You can find today’s “Daily Market with JrKripto,” where we’ve compiled the most important developments in global and local markets, below. Let’s analyze the general market conditions together and take a look at the latest evaluations.Bitcoin (BTC) is currently trading at $104,300. Following a strong uptrend that started from the $75,930 level, BTC continued its rise by breaking through the $101,059 resistance and then the $104,000 level. If this upward move continues, the next potential targets are $108,000 and $109,850. However, in the event of short-term profit-taking, $101,059 should be monitored as the first support level. If BTC falls below this level, the $96,115 and $94,570 support zones could come into play. To maintain the strength of the trend, it is important for BTC to stay above $101,000.Ethereum (ETH), on the other hand, has risen to the $2,550 level. The strong rally that started from the $1,486 support has accelerated after surpassing the $2,453 resistance. If this uptrend continues, $2,595 and subsequently $2,981 could be the next resistance targets. In case of a potential correction, $2,453 has now become the first support level. If this level is breached, the $2,095 and $1,790 support levels may come back into focus. To sustain the positive outlook for ETH, holding above $2,453 is crucial.Crypto NewsTrump announced that he will sign an executive order to lower drug prices.China will reduce tariffs on U.S. goods from 125% to 10% for 90 days!The U.S. has reduced its tariffs on Chinese goods from 145% to 30%.Zelensky: I will wait for Putin in Turkey on Thursday.“I expect a full, permanent ceasefire starting tomorrow.”The White House stated that more trade deals might be announced this week.OpenAI is in talks with Microsoft for new funding and a potential future IPO.Top Gainers:MOODENG → Up 65.5% to $0.26478145PI → Up 56.8% to $1.54TOSHI → Up 36.8% to $0.00085043WIF → Up 36.5% to $1.22GOAT → Up 35.8% to $0.22228838Top Losers:SYRUP → Down 8.7% to $0.27339711DEXE → Down 5.5% to $13.23BORG → Down 5.0% to $0.24050204QGOLD → Down 3.2% to $3,221.53PAXG → Down 3.1% to $3,228.13Fear Index:Bitcoin: 70 (Greed)Ethereum: 60 (Greed)Dominance:Bitcoin: 62.93% ▼ 0.36%Ethereum: 9.22% ▼ 0.49%Daily Net ETF Inflows:BTC ETFs: $321.40 MillionETH ETFs: $17.60 MillionGlobal MarketsThis morning, global stock markets are trading positively amid optimism stemming from progress in U.S.-China trade negotiations and a ceasefire between Pakistan and India. Statements made after weekend talks between the U.S. and China indicate that the trade war, which has caused uncertainty in the markets since the beginning of the year, may be nearing resolution. U.S. President Donald Trump announced on social media that significant progress has been made between the two countries, which would benefit both sides. He also stated that drug prices would be reduced by between 30% and 80%.U.S. stock indices closed flat on the last trading day of the week (Friday), but futures are trading with strong buying interest this morning due to the positive tone of the talks. On the economic data front, the Consumer Price Index (CPI) for April, due on Tuesday, and the Producer Price Index (PPI), scheduled for Thursday, will be in focus. In corporate earnings, Cisco Systems on Wednesday and Walmart and Alibaba on Thursday will be watched closely. Geopolitically, the ceasefire between Pakistan and India has helped reduce regional risks. Asian markets have started the week positively, and European markets are also expected to open with strong gains. Overall, global markets are showing a positive trend this week thanks to growing trade optimism and easing geopolitical risks.Most Valuable Companies and Stock Prices:Microsoft (MSFT) → $3.26T market cap, $438.73 per share, up 0.13%Apple (AAPL) → $2.97T market cap, $198.53 per share, up 0.53%NVIDIA (NVDA) → $2.84T market cap, $116.65 per share, down 0.61%Amazon (AMZN) → $2.05T market cap, $193.06 per share, up 0.51%Alphabet (GOOG) → $1.86T market cap, $154.38 per share, down 0.88%Borsa IstanbulAccording to the Industrial Production Index (IPI) data released for March, seasonally and calendar-adjusted industrial production increased by 3.4% compared to the previous month. However, the unadjusted raw data showed a 2.7% year-on-year decline. The main reason for this decline is that March this year had 1.5 fewer working days compared to last year. Such calendar differences can lead to distortions in annual comparisons. In the calendar-adjusted annual data, industrial production increased by 2.5%, indicating notable monthly gains in some sectors, though this increase was not widespread across all sectors.Domestically, key data such as retail sales volume, turnover indices, and construction cost index will be announced today. Additionally, tomorrow, the Treasury will hold bond auctions indexed to TLREF (Turkish Lira Overnight Reference Rate) and CPI (Consumer Price Index), both with 4-year maturities. The current account balance, budget balance, and CBRT Market Participants Survey, which will be released this week, will also be closely monitored for insights into the economic outlook.The BIST-100 index ended last week with a 2.4% gain. As the new week begins, a positive outlook is forming, supported by diplomatic developments. In particular, the announcement of a meeting to be held in Istanbul on Thursday for Russia-Ukraine peace talks could positively impact Turkey's risk premium if the process proceeds well. On the economic front, Treasury and Finance Minister Mehmet Şimşek is expected to meet with domestic investors at an investment conference organized by Ak Yatırım following his contacts with international investors.From a technical perspective, the BIST-100 index received support at the 9232 level during Friday’s intraday pullback and closed at 9391. Technically, the 9044 level remains a strong support zone. If the recovery from this level continues, the next target could be the 9475–9580 resistance band. If this band is breached, the short-term positive outlook could strengthen further, possibly pushing the index toward the 9740–9895 range. On the downside, the 9044–8870 zone is a critical support area. A drop below this range could trigger a more pronounced decline toward 8725–8618 levels.In general, Borsa Istanbul is expected to start the week with a bullish tone in parallel with the positive global market sentiment. However, the course of economic data and diplomatic developments should be monitored closely.Most Valuable Companies on Borsa Istanbul:QNB Finansbank (QNBTR) → ₺883.56 Billion market cap, ₺269.25 per share, up 2.09%Aselsan Elektronik Sanayi (ASELS) → ₺680.35 Billion market cap, ₺141.2 per share, down 5.36%Türkiye Garanti Bankası (GARAN) → ₺425.04 Billion market cap, ₺104.4 per share, up 3.16%Turkish Airlines (THYAO) → ₺405.72 Billion market cap, ₺304.00 per share, up 3.40%ENKA İnşaat ve Sanayi (ENKAI) → ₺398.9 Billion market cap, ₺74.20 per share, up 9.04%Precious Metals and Exchange Rates:Gold: ₺4080Silver: ₺39.91Platinum: ₺1225USD: ₺38.74EUR: ₺43.55See you again tomorrow with the latest news!
Daily Market Summary with JrKripto 9 May 2025
You can find today's "Daily Market with JrKripto," where we compile the most important developments in global and local markets, below. Let's analyze the general market conditions together and take a look at the latest evaluations.Bitcoin (BTC)Bitcoin (BTC) is currently trading at $103,436. The upward trend that started from the $75,930 level gained momentum up to $104,629 by surpassing the $101,059 resistance with strong volume support. Currently, pricing is observed around the $104,000 resistance. If this level is broken upwards, the $108,000 and $109,850 regions can be followed as the next targets. However, in a possible correction, the $101,059 level stands out as the first support. If this level is breached, the $96,115 and $94,570 levels will be followed as support regions, respectively. It is critically important for BTC to maintain permanence above $101,000 to preserve the strength of the trend.Ethereum (ETH)Ethereum (ETH) is currently trading at $2,346. The strong recovery process that started from the $1,486 region carried ETH up to $2,453 by surpassing critical resistances one after another. Currently, ETH is pricing just below this resistance. If the $2,453 level is broken, the $2,595 and $2,981 levels can be followed as targets, respectively. However, in possible profit-taking after the rise, the first support is located at the $2,095 level. Below this level, the $1,790 and $1,692 support levels will gain importance. It is critical for ETH to maintain permanence above the $2,095 level to preserve the upward momentum.Crypto NewsEthereum is experiencing its most significant number of up days since 2021.The SEC announced that a settlement has been reached in the ongoing lawsuit with Ripple and its executives.Trump's China tariffs may be reduced to 50%-54% next week.Treasury Secretary Bessent stated that cryptocurrency needs U.S. leadership to develop globally.Meta is considering supporting stablecoins.Donald Trump: "The stock market is really going to rally now."Donald Trump: "Now is exactly the time to buy stocks."A Standard Chartered analyst apologized for the $120,000 Bitcoin price prediction, stating that the estimate was 'too low.'CryptocurrenciesTop Gainers:PNUT → Up 61.7% to $0.28015996PEPE → Up 42.6% to $0.00001317EIGEN → Up 34.9% to $1.21BRETT → Up 29.6% to $0.08187294ZK → Up 26.5% to $0.06958545Top Losers:LAYER → Down 6.9% to $1.20SAFE → Down 6.1% to $0.52916763KAITO → Down 1.7% to $1.40VENOM → Down 1.4% to $0.11623603BCH → Down 1.0% to $413.40Fear Index:Bitcoin: 69 (Greed)Ethereum: 49 (Neutral)Dominance:Bitcoin: 64.27% ▼ 0.29%Ethereum: 8.54% ▲ 1.95%Daily Total Net ETF InflowsBTC ETFs: $117.40 MillionETH ETFs: -$16.10 MillionGlobal MarketsPositive expectations regarding the trade agreement signed between the U.S. and the UK and the upcoming U.S.-China talks over the weekend have increased optimism in global markets. U.S. President Donald Trump announced that they are close to more trade agreements and that it is an appropriate time to buy stocks. As a result of these developments, U.S. stock indices closed the day with gains. The S&P 500 index rose by 0.58%, the Dow Jones by 0.62%, and the Nasdaq by 1.07%. While most sectors in the S&P 500 index performed positively, discretionary consumer and industrial sectors rose by 1.35%, energy by 1.26%, and the raw materials sector by 1.20%. On the other hand, limited losses were observed in the health, infrastructure, real estate, and consumer staples sectors.According to the trade agreement between the U.S. and the UK, tariffs on UK-origin steel and aluminum products will be reduced to zero. In the automotive sector, the first 100,000 vehicles imported from the UK will be subject to a 10% customs duty. However, some previously announced tariffs, including the 10% tariffs that came into effect on April 2, will continue to be applied. Following this agreement, purchases in U.S. stock markets accelerated, and a slightly positive trend is observed in the futures markets this morning. The VIX volatility index has declined over the past two days, reaching 22.5.In Europe, following the approval of the agreement between the UK and the U.S. and the Bank of England's interest rate cut, the UK's FTSE 100 index closed the day down by 0.3%, while the EuroStoxx 600 index rose by 0.4%. European technology stocks gained 1.9%. In Asian markets, a mixed outlook is observed this morning, with generally flat to positive pricing prevailing.In the U.S. bond market, yields rose following the agreement news. The 10-year bond yield increased by 11 basis points to 4.38%, while the 2-year bond yield rose by 10 basis points to 3.87%. Thus, the difference between the 10-year and 2-year bond yields reached 50 basis points. The dollar index (DXY) rose by 1.0% daily to 100.6, while the Euro/Dollar pair fell by 0.6% to 1.123. In the cryptocurrency market, Bitcoin reached its highest level since the end of January, surpassing $100,000. In commodities, Brent crude oil rose by 2.8% to $62.8 per barrel due to optimistic expectations regarding U.S.-China trade talks. Gold prices, on the other hand, fell by 1.7% following the agreement news, ending the day at $3,306 per ounce.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.26T market cap, $438.17 per share, up 1.11%Apple (AAPL) → $2.95T market cap, $197.49 per share, up 0.63%NVIDIA (NVDA) → $2.86T market cap, $117.37 per share, up 0.26%Amazon (AMZN) → $2.04T market cap, $192.08 per share, up 1.79%Alphabet (GOOG) → $1.88T market cap, $155.75 per share, up 1.93%Borsa IstanbulDomestically, in April, the Treasury's cash balance posted a deficit of 183.5 billion TL, while the primary balance showed a surplus of 73.6 billion TL. In the same period last year, there was a deficit of 237.1 billion TL and a primary deficit of 132.1 billion TL. In April, budget revenues increased by 64.0% annually, while expenditures rose by 40.2%. Thus, the total cash deficit in the first four months of the year reached 1 trillion 85 billion TL.The Istanbul Chamber of Industry's Turkey Export Climate Index decreased by 0.7 points in April, reaching 50.8. The index has remained above the threshold level of 50 for 16 months. However, uncertainties in global trade and economic slowdowns in some export markets appear to have pressured the index. Today, domestic industrial production data for March will be announced. Preliminary indicators suggest that the weak trend in production continues.The BIST 100 index has been finding support above the 9,000 level for the past week and closed yesterday at 9,279 points, up over 2%. Notably, there was intense buying in the defense industry, petrochemical/refinery, aviation, and telecommunications sectors. The positive atmosphere in global stock markets also supported BIST. Today, it is expected that the buying trend in BIST will continue, but the pace of the increase may slow down. Next week, messages from Treasury and Finance Minister Mehmet Şimşek during investor meetings will be closely monitored.From a technical perspective, the BIST100 index rose strongly from the 9,033 level. The 9,044-8,870 range maintains its importance as a support zone. As long as it stays above this area, the upward reaction is expected to continue. However, if it falls below this zone, a pullback to the 8,618-8,500 levels may occur. On the upside, the 9,490-9,594 band is the first resistance area, and if these levels are surpassed, there is potential for a rise towards the 9,740-9,895 band.Most Valuable Companies in Borsa IstanbulQNB Finansbank (QNBTR) → 875.19 billion TL market cap, 263.75 TL per share, up 0.96%Aselsan Elektronik Sanayi (ASELS) → 702.7 billion TL market cap, 150.9 TL per share, down 2.08%Türkiye Garanti Bankası (GARAN) → 422.94 billion TL market cap, 99.7 TL per share, down 1.04%Türk Hava Yolları (THYAO) → 392.61 billion TL market cap, 288.50 TL per share, up 1.41%ENKA İnşaat ve Sanayi (ENKAI) → 381.32 billion TL market cap, 66.85 TL per share, up 2.77%Precious Metals and Exchange RatesGold: 4,126 TLSilver: 40.59 TLPlatinum: 1,235 TLDollar: 38.73 TLEuro: 43.50 TLLooking forward to meeting again tomorrow with the latest news!
Daily Market Summary with JrKripto 8 May 2025
Daily Market Insights with JrKripto: Global & Local Financial HighlightsWelcome to today’s edition of “Daily Market Insights with JrKripto,” where we break down the most important developments across global and local financial markets. Let’s dive into the broader market landscape and take a closer look at the latest evaluations.Bitcoin (BTC) Price UpdateBitcoin (BTC) is currently trading at $99,700, following a strong upward trend that began at the $75,930 support level. This rally has pushed BTC above the critical $95,000–$96,000 resistance zone, bringing it within striking distance of the psychological $100,000 mark.Should BTC decisively break above $100,000 with strong volume, the next potential targets lie at $101,000 and higher. However, any profit-taking in this region could lead to a pullback, with the $95,000–$96,000 range now acting as the first support. Below that, $94,000, $90,500, and $86,500 will serve as key levels to watch.Ethereum (ETH) Price MovementEthereum (ETH) has climbed to $1,940, extending its rally from the $1,486 level. The coin has successfully tested above both $1,888 and $1,900, displaying strong technical momentum. If the upward trend continues, the immediate target is the psychological $2,000 resistance.A breakout above $2,000 could pave the way to the next resistance levels at $2,277 and $2,428. On the downside, $1,888remains the first major support. A drop below that level would shift attention to $1,790 and $1,700. Holding above $1,888 is crucial for ETH to maintain its bullish structure.Top Crypto HeadlinesFederal Reserve Holds Rates Steady – Investors are pricing in three rate cuts this year.Tether Mints $1 Billion in USDTBessent Announces China Negotiations to Start SaturdayEthereum’s Pectra Upgrade Complete – Featuring 11 Ethereum Improvement Proposals (EIPs), this is the most significant update since the 2022 Merge.Crypto Market MoversTop Gainers:MOG → +43.8% to $0.3662PENGU → +27.9% to $0.0143SAFE → +22.5% to $0.5617IBERA → +20.1% to $3.32EOS → +18.4% to $0.8471Top Losers:LAYER → -28.0% to $1.28VENOM → -7.8% to $0.1177OM → -6.5% to $0.3637SYRUP → -6.1% to $0.2226MX → -1.9% to $2.74Fear Index:Bitcoin: 65Ethereum: 54Dominance:BTC: 65.14% ▼ 0.33%ETH: 7.64% ▲ 3.04%Daily Net ETF Flows:BTC ETFs: +$142.3METH ETFs: -$21.8MKey Economic Data to Watch Today15:30 – U.S. Initial Jobless ClaimsForecast: 231K | Previous: 241KGlobal Markets OverviewDespite post-Fed meeting volatility, U.S. equities closed higher thanks to reports suggesting Donald Trump may ease export restrictions on the chip sector.The Federal Reserve kept its policy rate unchanged at 4.25%–4.50%, in a unanimous decision. While recent economic data points to robust growth, inflation remains elevated. The Fed highlighted ongoing uncertainties in the economic outlook and reiterated a data-dependent stance for future rate decisions.Fed Chair Jerome Powell stated that the central bank is well-positioned to “wait and see,” and is in no rush to change rates. Following his remarks, markets initially wavered but rebounded on Trump’s export news. Trump also hinted at a major trade announcement, likely involving the UK.Market Performance:S&P 500: +0.43%Dow Jones: +0.70%Nasdaq: +0.27%Best-performing sectors included consumer discretionary (+1.02%), tech (+0.91%), healthcare (+0.81%), and finance (+0.62%), while telecom (-1.84%), materials (-0.50%), and real estate (-0.02%) lagged.Asian markets are opening strong today, and European indexes are expected to follow with positive momentum.U.S. Tech Giants: Market Cap & Stock PriceMicrosoft (MSFT): $3.22T | $433.35 ▲ 0.01%Apple (AAPL): $2.93T | $196.25 ▼ 1.14%NVIDIA (NVDA): $2.85T | $117.06 ▲ 3.10%Amazon (AMZN): $2.00T | $188.71 ▲ 2.00%Alphabet (GOOG): $1.84T | $152.80 ▼ 7.51%Borsa Istanbul (BIST) UpdateThe BIST100 index closed around 1% lower yesterday, impacted by geopolitical tensions and growth concerns. Aviation, steel, and petrochemical stocks faced heavy selling, while defense and retail sectors outperformed.Fitch Ratings commented in a recent webinar that it does not expect further rate hikes from Turkey’s central bank. However, it warned of a reassessment of Turkish banks if domestic price volatility continues.As Q1 2025 earnings season winds down, weak corporate results may continue to weigh on BIST. All eyes are now on Finance Minister Mehmet Şimşek’s upcoming meetings with international investors.Technical Outlook:Support: 9044 – 8870 – 8725 – 8618Resistance: 9266 – 9475/9490 – 9594 – 9740 – 9895 – 9953Consolidation around current levels could lead to a rebound, but a drop below key support might accelerate downside risk toward the 8500 region.Top Companies on BIST by Market CapQNB Finansbank (QNBTR): ₺890.26B | ₺268.75 ▲ 1.13%Aselsan (ASELS): ₺657.55B | ₺158.00 ▲ 9.57%Garanti Bank (GARAN): ₺419.58B | ₺99.95 ▲ 0.05%Turkish Airlines (THYAO): ₺384.68B | ₺284.50 ▲ 2.06%ENKA (ENKAI): ₺363.14B | ₺62.40 ▲ 0.73%Precious Metals & Exchange RatesGold: ₺4,229Silver: ₺40.73Platinum: ₺1,228USD/TRY: ₺38.65EUR/TRY: ₺43.84See you again tomorrow with more updates and market insights!
Ethereum Pectra Update: The Most Comprehensive Change Since Merge
Major Development on the Ethereum Front: Pectra Upgrade Goes LiveA major development has taken place in the Ethereum ecosystem. The Pectra upgrade, activated on May 7, 2025, marks the most comprehensive technical change since the Merge in 2022. Bringing numerous innovations for both developers and users, this update represents a critical milestone in Ethereum’s roadmap.What Does Pectra Bring?First, let’s be clear: Pectra is not just a technical upgrade. It’s a large-scale transformation involving changes to both Ethereum’s execution and consensus layers. Developers divide it into two phases: “Prague” and “Electra.” In other words, there are significant improvements at both the core technical level and the network’s overall operation.Key Features Everyone’s Talking AboutSmart Accounts Are Coming (EIP-7702):The traditional wallet model is changing. Wallets will now be able to function like smart contracts. For example, users will be able to pay transaction fees not only in ETH but also with other tokens. They’ll be able to perform multiple transactions in a single step — more practical and more flexible.Staking Limit Increased (EIP-7251):Previously, a validator could stake a maximum of 32 ETH. This limit has now been raised to 2,048 ETH. This is a major development for large players. The system will now operate more efficiently, with fewer validators and improved performance.Increased Data Throughput (EIP-7691):The amount of data processed per block has been increased. This is a breath of fresh air for Layer-2 networks. It means lower transaction fees, faster processing times, and more user-friendly dApps.Who Does This Update Affect, and How?For Users: Cheaper, faster, and simpler transactions. Those using dApps will now be able to get things done with fewer clicks.For Stakers: Larger staking options and more efficient use of resources.For Developers: More flexible tools and a stronger infrastructure.What Does It All Mean?Ethereum has long aimed to become a more efficient, scalable, and user-friendly network. Pectra is a decisive step in that direction. In particular, the strengthening of Layer-2 solutions will reduce network congestion and enhance the overall user experience.Pectra is not just a technical upgrade — it also strengthens Ethereum’s visionary side. It presents new opportunities for both developers and users. The transformation that began with the Merge has now entered a new phase. Ethereum isn’t just surviving — it’s getting ready to run.
Daily Market Summary with JrKripto 7 May 2025
You can find today’s edition of “Daily Market with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the general market conditions together and take a look at the latest assessments.Bitcoin (BTC) is currently trading at $97,000. With a strong upward trend that started from the $75,930 support, BTC has surpassed the $95,000–$96,000 resistance zone and continues to gain upward momentum. If this movement continues, the next target could be the $101,000 level. However, in case of profit-taking, the $94,000–$95,000 range can be monitored as the first support zone. If this level is breached, $90,500 and then $86,500 will be the next key support levels to watch.Ethereum (ETH) is trading at $1,830. The recovery process that began from the $1,486 support has lifted ETH back above the $1,800 level. If the upward move continues, the $1,888 and $1,950 levels could act as resistance. However, if the price pulls back from $1,830, the first support is at $1,790. If it remains below this level, $1,700 could come into play as strong support. For ETH to maintain its upward trend, holding above the $1,790 level is critically important.Crypto NewsTrump: "I will make an announcement that will shake the world."Trump on China: "They want to negotiate."Bitwise filed a spot ETF application for NEAR.The U.S. and U.K. are expected to sign a new trade deal this week.The Governor of New Hampshire signed a bill allowing the state to invest in Bitcoin and cryptocurrencies.Standard Chartered Bank forecasts $BNB will reach $2,775 by 2028.Chinese President Xi: "We are ready to work with EU leaders to broaden mutual openness and handle frictions and disputes appropriately."Top Gainers in CryptoKAITO → up 49.9% to $1.25SYRUP → up 26.9% to $0.2388CVX → up 14.4% to $3.14STX → up 12.7% to $0.8553LTC → up 12.0% to $91.79Top Losers in CryptoMOVE → down 17.9% to $0.1573VIRTUAL → down 17.4% to $1.36LAYER → down 8.7% to $1.78FARTCOIN → down 7.8% to $1.02FRAX → down 6.0% to $2.00Fear IndexBitcoin: 62Ethereum: 43DominanceBitcoin: 65.25% ▼ 0.03%Ethereum: 7.50% ▲ 0.68%Daily Net ETF FlowsBTC ETFs: -$85.70 MillionETH ETFs: -$17.90 MillionData to Watch Today17:30 – U.S. EIA Crude Oil InventoriesForecast: -1.700M | Previous: -2.696M21:00 – FOMC Statement21:00 – Interest Rate DecisionForecast: 4.50% | Previous: 4.50%21:30 – FOMC Press ConferenceGlobal MarketsThe day began with escalating tensions between Pakistan and India turning into active conflict. Reports indicate missile strikes, downed aircraft, and casualties. As both countries are nuclear powers, this conflict raises serious global concerns. Although markets are currently unresponsive, further escalation could negatively impact global markets.This morning, the focus in global markets is on the U.S.–China tariff talks planned in Switzerland. Optimism prevails with hopes that these negotiations might ease trade wars. U.S. and European futures, along with most Asian markets (excluding India), are trading positively. While Asian indices are seeing strong buying, European markets are expected to open flat but positive.In the U.S., the 9-day rally driven by optimism over tariffs has ended. Trump's newly announced tax policies targeting the film and pharmaceutical industries have dampened investor appetite. Furthermore, the announcement that U.S. Treasury Secretary Scott Bessent will meet China’s Deputy Prime Minister in Switzerland between May 9–12 will be closely watched.U.S. indices dropped yesterday:S&P 500: -0.77%Dow Jones: -0.95%Nasdaq: -0.87%Only infrastructure (+1.23%) and energy (+0.10%) sectors posted gains among the 11 sectors of the S&P 500. Healthcare suffered the biggest loss, falling by 2.76%. The industrials and consumer discretionary sectors both declined by 0.85%.The U.S. also released trade data for March. The trade deficit widened by $17.3 billion to $140.5 billion. Most of this increase came from a $16.5 billion rise in the goods deficit. The services surplus decreased by $800 million. While exports remained unchanged, imports rose by 4.4% in anticipation of expected tariff hikes in April.Today, all eyes are on the Fed's interest rate decision. No change is expected in the rate. However, investors will closely monitor the pace of balance sheet reduction, long-term rate projections, and the Fed’s forward guidance signaled during the March meeting.Meanwhile, oil prices have begun to recover, driven by lower-than-expected crude inventory data and a downward revision of production forecasts by the International Energy Agency due to lower prices. This has supported energy sector performance.In general, markets today are navigating between optimism over U.S.–China talks, cautious pricing ahead of the Fed meeting, and the influence of geopolitical developments.Most Valuable Companies and Stock PricesMicrosoft (MSFT): $3.22T market cap, $433.31/share, ▼ 0.66%Apple (AAPL): $2.96T market cap, $198.51/share, ▼ 0.19%NVIDIA (NVDA): $2.77T market cap, $113.54/share, ▼ 0.25%Alphabet (GOOG): $1.99T market cap, $165.20/share, ▼ 0.51%Amazon (AMZN): $1.96T market cap, $185.01/share, ▼ 0.72%Borsa IstanbulDespite some mild buying yesterday, momentum in Borsa Istanbul remains weak. High interest rates, poor corporate earnings, and ongoing political risks continue to pressure the market. Retail and aviation stocks underperformed on concerns about weakening domestic demand. On the other hand, buying in banking, real estate investment trusts (REITs), mining, and defense stocks provided limited support to the index. Nevertheless, the BIST 100 index closed the day flat at 9,135 points. The intraday high was 9,228 points.Movements in both directions remain limited. Technically, the 9,044–8,870 range is still a strong support zone, consistent with previous lows. If the index holds in or just above this range, a continued rebound is possible. But a break below it could increase selling pressure and push the index down to 8,618–8,500. On the upside, initial resistance lies at 9,266. If this is breached, the 9,490–9,594 range is a key resistance zone. If this range is surpassed, the index may target 9,740–9,895–9,953 in the short term.On the macroeconomic side, TÜİK’s seasonally adjusted data shows monthly inflation rose slightly from 2.61% in March to 2.65% in April. Core inflation indicators (B and C indexes) accelerated to 2.84% and 3.02%, respectively, from 1.94% and 2.25% in March. Monthly increases in services hit 3.15%, while goods prices slightly declined (2.41%). Non-energy, non-food goods prices rose from 2.30% to 2.61%, largely due to currency effects.The CPI-based Real Effective Exchange Rate (REER) dropped 2.1% in April, reaching its lowest point since October 2021. This decline was driven by the Turkish lira’s depreciation—2.8% against the dollar and 7% against the euro. However, on an annual basis, REER remains at 11.6%, still indicating a zone of real appreciation.The Treasury borrowed a total of 35.3 billion TL yesterday through auctions, including non-competitive bids. In the 2-year fixed coupon bond auction, the average compound interest rate came in at 47.19%.Central Bank Governor Fatih Karahan stated in his presentation to the Turkish Parliament’s Planning and Budget Committee that current reserves are insufficient compared to short-term external debt and emphasized ongoing efforts to boost reserves.Also today, international credit rating agency Fitch will hold a webinar titled “Turkey’s Credit Outlook and Banking Sector.”Most Valuable Companies on Borsa IstanbulQNB Finansbank (QNBTR): 891.1B TL market cap, 267.75 TL/share, ▲ 0.66%Aselsan (ASELS): 626.54B TL market cap, 145.30 TL/share, ▲ 5.75%Garanti Bank (GARAN): 426.72B TL market cap, 101.50 TL/share, ▼ 0.10%Turkish Airlines (THYAO): 402.62B TL market cap, 289.50 TL/share, ▼ 0.77%ENKA Construction (ENKAI): 375.16B TL market cap, 63.10 TL/share, ▼ 1.41%Precious Metals and Exchange RatesGold: 4,199 TLSilver: 40.73 TLPlatinum: 1,228 TLDollar: 38.64 TLEuro: 43.90 TLWe’ll see you again tomorrow with the latest updates!
Vitalik Buterin's New Vision: The Plan to Make Ethereum As Simple as Bitcoin
Vitalik Buterin Announces Major Plan to Simplify Ethereum’s Technical StructureEthereum co-founder Vitalik Buterin has unveiled a major plan to simplify the network’s technical design. The goal is to make Ethereum more understandable, faster, and user-friendly — much like Bitcoin. The plan was announced on May 3, 2025, in a blog post titled “Simplifying the L1.” The objective is to transform Ethereum into a much more accessible system for developers and users over the next five years.Why Should Ethereum Be Simplified?Over time, the Ethereum network has grown and become more complex with the addition of numerous new features. The transition to Proof-of-Stake, ZK technologies, and new applications have made Ethereum more powerful, but also more difficult to use and develop on. According to Vitalik Buterin, this complexity has now become a barrier to further progress.That’s why Buterin proposes simplifying Ethereum, drawing inspiration from Bitcoin’s minimalistic structure. In his view, a simpler system is more secure, more robust, and more sustainable in the long run.Key Points of the PlanSimplified Consensus Mechanism: Ethereum’s decision-making system will be made less complex. In the proposed new model, mechanisms like “3-slot finality” will make the transaction confirmation process faster and easier to understand.New Virtual Machine: RISC-V: Instead of the current Ethereum Virtual Machine (EVM), the network could adopt the open-source RISC-V architecture, which is simpler and faster. This would boost performance and make the system more accessible for developers.Standardization and Code Minimization: The plan aims to use a common language, standardized data structures, and as little code as possible within the Ethereum protocol. This would enhance the network’s security and make it easier for newcomers to join the ecosystem.When and How Will It Be Implemented?This plan will unfold over a five-year period — meaning changes won’t happen overnight. Backward compatibility will also be maintained, so applications built on the current system won’t be negatively affected. However, successful execution will require collaboration from the entire Ethereum community.Vitalik Buterin’s simplification plan marks a significant step for Ethereum’s future. The aim is to transform Ethereum into a platform that is easier to use, more secure, and less prone to errors. While implementing these changes will take time, if successful, Ethereum could gain a much stronger infrastructure.This simplification effort could create a more accessible and understandable ecosystem not only for developers but for anyone who wants to use Ethereum.
TOTAL, ETH/BTC: Comments and Price Analysis 7 May 2025
Crypto Market at the 2025 Peak: Will the Bull Continue After the FOMC? [Detailed TOTAL Analysis]Technical Structure: Historical Resistance Zone and 5-Year TrendThe 2.85T – 2.95T USD region is the peak of the 2021 bull season. This zone acts as a macro resistance line that has not yet been broken. Currently, we are seeing weekly closes just below this line. This indicates that the market is at a critical decision point regarding this level. TOTAL Below that, around 2.15T USD, lies the ascending trend support that has been in place for 5 years. This trend line is essentially the backbone of the bull cycle that started after the pandemic and is still valid today.This structure tells us two things:a) Either the market will clearly break through the 2021 peak and initiate a new super bull,b) Or it will once again get rejected in this region and pull back to major supports to regain strength.Despite short-term declines, the weekly structure shows that ETH is still preparing for a mid-term upward move.Post-FOMC Expectations on May 7: Blue and Red ScenariosBlue Scenario (Positive FOMC → New Bull Wave)In this scenario, if the FED uses a non-hawkish tone in the May 7 meeting, leaves the door open for rate cuts, and emphasizes that "sufficient tightening has been achieved" in the fight against inflation, risk markets could respond with great enthusiasm.In this case, the 2.85T region on the chart would be clearly broken, followed by a healthy retest of that region. Then, the market could head toward the 3.35T USD and higher targets. If this is supported by developments like the Ethereum Pectra Upgrade and spot altcoin ETF applications, we could witness the strongest rally since 2021.Let’s not forget: historically, low volatility + positive divergence after an FOMC has often been the trigger for major bull runs.Red Scenario (FOMC Uncertainty or Short-Term Pressure)In this scenario, even if the FED keeps rates steady, if it uses cautious language regarding inflation, or if markets interpret that "rate cuts are not imminent", or if the 2.85T – 2.95T line cannot be decisively broken; rejection and correction become more likely.Here, the market could first pull back to the 2.65T region, and possibly to the 2.15T – 2.00T zone around the main ascending trend. Such pullbacks often generate high demand in POI (Point of Interest) regions. Especially the trend line zone could, as in the past, serve as an accumulation zone for large funds.However, even in this scenario, the bull structure remains intact. We’re merely talking about a correction to regain balance and market saturation.Macro Trend Continues: 5-Year Support Still IntactThe most important positive signal is that the 5-year ascending trend is still valid.There hasn’t been a single weekly close below this trend.Even in the harshest sell-offs of the 2022 bear season, this trend was preserved.Where we stand today, there’s a structure squeezed between this trend and the 2021 peak. This structure typically indicates an “expansion after compression” model. By nature, such squeezes in bull markets usually break to the upside. If the fundamental triggers listed above (ETFs, rate cut signals) come into play, this breakout could initiate a new ATH wave.ETH/BTC Chart: Historical Lows in Favor of Ethereum ETH/BTC Now let’s look at this structure from the ETH/BTC perspective. The ETH/BTC ratio is currently at levels seen before Ethereum’s major surge in 2021. This ratio is at historical low levels, meaning Ethereum has high potential to gain value against BTC.Considering both Ethereum’s technical structure and ETF speculation, this structure suggests that the altcoin season may start under Ethereum’s leadership. In summary, we are in a structure where Ethereum may gain value not only in USD terms but also against BTC in the coming weeks.Conclusion: A Market Awaiting Bull ConfirmationThe market is still within a macro upward trend.Price is struggling with historical resistance.If the blue scenario kicks in post-FOMC, a new super bull season may begin.The red scenario still points to a healthy correction; as long as the trend isn't broken, the bull structure remains.ETH/BTC is open to strengthening in favor of Ethereum.Therefore, the market is closer to the positive scenario. With a breakout above this region, which represents the 2021 peak, we could see a total market cap of first 3.35T and then 4.0T in the short term.These analyses, which do not provide investment advice, focus on support and resistance levels where short and medium bid trading opportunities can be created according to market conditions. However, the user is solely responsible for trading and risk management. In addition, it is strongly recommended to use stoploss in relation to replacement transactions.
Daily Market Summary with JrKripto 6 May 2025
You can find today’s “Daily Market with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the general market conditions together and take a look at the latest updates.Here’s the updated version, aligned with current prices and presented as a single, cohesive text:Bitcoin (BTC) is currently trading at $94,300. Following an upward trend that began at the $75,930 support level, the price has managed to hold above the $94,000 mark. BTC continues to test the resistance zone between $95,000 and $96,000. If this level is broken to the upside, $101,000 could emerge as the next target. However, if profit-taking occurs around current levels, the first support lies at $90,500. Below that, $86,500 is considered a stronger support level.Ethereum (ETH) is trading at around $1,800. The recovery that started from the $1,486 support has pushed ETH back above the $1,800 level. Should the upward momentum continue, the resistance levels to watch are $1,888 and $1,950. On the downside, $1,790 will be the first support point in case of a pullback. If ETH drops below this level, $1,700 could act as the next support. Staying above $1,790 is key for ETH to maintain its current upward trend.Crypto NewsChinese President Xi stated: “We are ready to work with EU leaders to expand mutual openness and properly manage frictions and disagreements.”Tether minted $1 billion worth of USDT.Strategy announced the purchase of 1,985 BTC.Binance founder CZ stated that he proposed BNB and BTC as the initial reserve currencies for Kyrgyzstan’s national crypto fund. Previously, CZ had joined Kyrgyzstan’s National Crypto Committee upon the invitation of President Sadyr Japarov.VanEck submitted an S-1 filing for a BNB ETF.President Trump said, “I want crypto. Crypto is important because if we don’t do it, China will.”Top Gainers:DAKU → Up 28.6% to $0.1833SAROS → Up 14.8% to $0.1510TURBO → Up 14.1% to $0.0060MOVE → Up 11.4% to $0.1870SAFE → Up 10.7% to $0.4922Top Losers:LAYER → Down 37.6% to $1.96RAY → Down 13.4% to $2.31DEEP → Down 9.0% to $0.1734BRETT → Down 8.4% to $0.0505FLR → Down 8.4% to $0.0180Other Metrics:24-Hour Volume: $64.06BMarket Cap: $2.92TFear & Greed Index:Bitcoin: 57 (Greed)Ethereum: 51 (Neutral)Dominance:Bitcoin: 64.87% ▲ 0.05%Ethereum: 7.54% ▼ 0.45%Daily Net ETF Flows:BTC ETFs: $425.50 MillionETH ETFs: $0.0 MillionGlobal MarketsU.S. stock indices ended the first trading day of the week with minor losses after nine consecutive days of gains. The S&P 500 fell by 0.64%, the Dow Jones by 0.24%, and the Nasdaq by 0.74%. The consumer staples sector stood out with a slight increase, while energy (-2.02%), consumer discretionary (-1.32%), and tech (-0.85%) were the weakest.The drop in energy stocks was triggered by OPEC+ announcing an additional daily output of 411,000 barrels. Following the announcement, oil prices dropped by 1.85%. Furthermore, former President Donald Trump’s proposal to impose a 100% import tariff on foreign films led to selling pressure in media and entertainment stocks.Looking at economic data, the U.S. ISM services PMI rose to 51.6 in April, beating expectations of 50.2 and March’s 50.8, indicating accelerated activity in the service sector. The new orders index rose to 52.3, suggesting increased demand. However, the employment index remained in contraction territory at 49. The prices index surged to 65.1, the highest since January 2023, reflecting mounting cost pressures. The delivery times index rose to 51.3, suggesting slower deliveries.On the other hand, the S&P Global Services PMI for April was revised down from 51.4 to 50.8, indicating slight weakness. Today, the U.S. will release its March trade balance data; in February, the trade deficit was $122.7 billion.In global markets, China’s Caixin services PMI came in at 50.7, below the expected 51.7, creating a mixed outlook across Asian markets, while European markets are expected to open flat.Markets are now focused on the Fed’s interest rate decision and Chair Powell’s remarks. The Fed is expected to hold rates steady. U.S. weekly crude oil inventory data is also on today’s economic agenda.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.24T market cap, $436.17 per share, up 0.20%Apple (AAPL) → $2.99T market cap, $198.89 per share, down 3.15%NVIDIA (NVDA) → $2.78T market cap, $113.82 per share, down 0.59%Alphabet (GOOG) → $2T market cap, $166.05 per share, up 0.14%Amazon (AMZN) → $1.98T market cap, $186.35 per share, down 1.91%Borsa IstanbulIn Borsa Istanbul, weak momentum and capital outflows persist. Due to high interest rates, poor earnings reports, and ongoing political risks, the pressure on BIST is expected to continue. Technically, the 9000–9100 range serves as support, while the 9250–9280 zone is resistance. About 35% of companies have reported Q1 2025 results, and only 15% showed positive outcomes across six key metrics: revenue, gross profit, EBITDA, EBITDA margin, net profit, and return on equity. This is likely to lead to downward revisions in 12-month average targets and keep the index in a narrow range.Today, PMI and PPI data from Europe will be monitored. Turkey’s 5-year CDS started the day at 349 basis points.In April, Turkey’s CPI rose by 3.0% monthly, slightly below the 3.2% forecast. Annual inflation dropped to 37.86%, down 0.2 points. Core inflation indicators — the B index at 36.8% and the C index at 37.1% — showed minor declines. Due to currency movements, PPI increased by 2.76% month-on-month and fell to 22.5% year-on-year. This trend suggests an upward pressure on inflation, driven by TL depreciation and regulated price adjustments.Today, Turkey’s real effective exchange rate for April will be released. The Treasury will also conduct auctions for 2-year fixed coupon and 7-year floating rate bonds.Following the inflation report, Finance Minister Mehmet Şimşek stated that the year-end inflation is still expected to remain within the Central Bank’s forecast range. He also mentioned that due to new U.S. trade policies, some American companies are in talks to manufacture in Turkey, and efforts to combat the informal economy will be intensified. He will meet with investors in London and Doha next week.Data shows that demand for automobiles, especially imported ones, hit record highs in April. Externally, risk-off sentiment prevails ahead of the Fed meeting. Domestically, Central Bank Governor Fatih Karahan will present to the Parliament’s Planning and Budget Committee today.The BIST 100 index climbed to 9241 yesterday but closed at 9112 after selling pressure. The rebound from 9058 confirms that the 9044–8870 band is a strong support zone. As long as the index stays above this range, recovery may continue. However, sustained trading below this level could lead to a sharper decline toward the 8618–8500 zone. On the upside, 9490–9594 is the next resistance zone, and if breached, the 9740–9895 band may come into play. The index is expected to remain flat in the short term.Most Valuable Companies on Borsa IstanbulQNB Finansbank (QNBTR) → 900.31B TL market cap, 270.00 TL per share, up 0.47%Aselsan (ASELS) → 591.89B TL market cap, 136.90 TL per share, up 5.47%Garanti Bank (GARAN) → 425.88B TL market cap, 102.80 TL per share, up 1.38%Turkish Airlines (THYAO) → 405.72B TL market cap, 293.75 TL per share, down 0.09%ENKA Construction (ENKAI) → 373.70B TL market cap, 64.35 TL per share, up 0.94%Precious Metals and Currency RatesGold: 4,165 TLSilver: 41.06 TLPlatinum: 1,216 TLUSD: 38.60 TLEUR: 43.73 TLLooking forward to seeing you again tomorrow with the latest updates!
ETH Comments and Price Analysis 5 May 2025
Ethereum Technical Analysis (May 5, 2025): Long and Medium-Term Outlook Ahead of the Pectra Upgrade1) Long-Term (1W) Chart Analysis: Positive Compression at Structural SupportsOn the weekly chart, Ethereum appears to have broken below the main ascending trendline (and even the parallel channel structure) that began in March 2020. After the trend breakdown at the 2350 level, the price retraced to the 1800–1700 range, which can be interpreted as a macro-level S/R Flip and POI test.The most striking detail is that the price turned upwards before reaching the very high-volume demand block located in the 1234 to 1041 dollar range, coming from previous bear market lows. This indicates that market participants are buying again at higher levels and positioning for a trend reversal without the need for deep sell-offs. ETH Current Trend When analyzed on a weekly basis, Ethereum’s:1,800 USDT level is currently the main short-term defended level.The 2,085 – 2,350 range is the resistance zone where weekly liquidity is clustered and the first area the price will aim to reach.1,740 is the last line of defense; below it, weekly POIs come into play.The weekly structure shows that despite short-term declines, ETH is still preparing for a medium-term uptrend.2) Short-Term (1D) Chart Analysis: Microstructure Liquidity Sweep and RecoveryOn the daily chart, during the drop starting from the 2100 level, the price first broke the S/R Flip zone around the 2000–2100 range, then pulled back to the micro POI located at 1740. This zone is also an area where liquidity had accumulated in the past and strong buys took place, and the current price behavior shows a new upward structure is being built from this zone. ETH Short Term Notable technical details:1) 2,004–2,098 Range: A significant S/R Flip zone on the daily. A breakout above this area and consolidation there is critical for the structure to turn into positive momentum.2) EMA20 and EMA50: The narrowing between these two moving averages indicates that the price is about to choose a direction. If it breaks upward, a gap may form toward the 2,385 – 2,741 range.3) RSI: Currently giving a bullish divergence signal on the daily and has exited the oversold zone. This supports the idea that the previous drop was for “liquidity sweep” purposes.This structure indicates that ETH is preparing for a “secondary upward wave” and is repositioning toward upper liquidity areas.Pectra Upgrade and FOMC Meeting Creating SynergyBoth long- and short-term charts suggest that Ethereum may have completed its bearish structure and is technically laying the groundwork for an upward reversal. At this point, two major events could act as macro triggers and accelerate a bullish breakout:FOMC (May 7, 2025): The Fed holding rates steady is almost priced in. However, the tone Powell adopts (e.g., signaling more patience against rising inflation) could lead to a sudden liquidity inflow into risk assets. Assets like ETH could directly benefit from this. Especially short-term closes above 2100 would confirm Ethereum’s “macro reversal” signal.Pectra Upgrade: Ethereum’s Pectra upgrade, set to go live in mid-2025, will increase validator efficiency, accelerate Layer 2 integrations, and improve gas optimization. This implies a significant improvement in on-chain usage metrics. As with previous upgrades (e.g., Merge and Shanghai), such structural developments create delayed but strong impacts on price.The long-term positive expectation created by Pectra makes investors more resistant to short-term FUD. This enhances ETH’s resilience to downward pressure and increases the strength of upward reactions. As a result, when all structures are considered together, in Ethereum:1) In the short term, the 2,000–2,100 zone will be retested.2) If sustained movement occurs above this region, a rally toward 2,385 and 2,741 can be expected.3) With the effect of the Pectra upgrade, the 3,269 level may become a target as summer approaches.Short-term closes below 1,740 may trigger drops toward 1,234, but this is not the main scenario.
Schwab Makes a Strong Entry into the Crypto Market
Charles Schwab, one of the largest investment companies in the world, is expanding its steps in the field of digital assets. The new CEO of the company, Rick Wurster, announced that they are aiming to offer spot cryptocurrency trading in the next 12 months. With this step, Schwab will allow its customers to make direct purchases and sales of cryptocurrencies such as Bitcoin and Ethereum.The company, which already offers crypto ETFs and futures, plans to combine crypto with traditional investment products by opening digital assets to direct trading with this move. "We are closely monitoring regulatory developments and think that with these changes, we will be able to offer spot crypto trading in a secure way," Wurster said.There is also a growing user interest behind Schwab's decision to make this decision. Visits to the company's crypto website have increased by 400% recently, and the vast majority of these visitors are not Schwab customers. This indicates that the direct crypto service can potentially attract a new user base to the platform.The Regulatory Wind Is Blowing From Behind, The Market Reaction Is PositiveThe SEC's steps to ensure that digital assets are held by banks have facilitated the expansion of traditional financial institutions such as Schwab into crypto.With the regulatory environment becoming more “crypto-friendly”, major players are now seriously considering this area.Schwab's announcement also had an impact on the market. While there were upward movements in Bitcoin and Ethereum prices, an increase in transaction volumes was observed. This development shows that corporate entries increase the confidence in the market and accelerate the adoption process.Nevertheless, Wurster warns investors: Crypto assets have high volatility and need to be traded carefully. Schwab aims to provide this process with a secure, regulated and user-friendly infrastructure.Schwab's spot crypto trading plan is an important development for the future of not only the company, but the entire crypto market.The fact that the corporate finance world is moving towards this area shows that crypto will turn into an investment tool not only for technology enthusiasts, but also for the broad masses now.
Daily Market Summary with JrKripto 1 May 2025
You can find our article “Daily Market with JrKripto” below, where we have compiled the most important developments in global and local markets. Let's analyze the general market conditions together and take a look at the latest assessments.Bitcoin (BTC) is currently trading at $95,300. With a strong bullish movement starting from the $75,930 support, the price has settled in the $95,000 – $96,000 resistance band. If this region is exceeded, it can be expected that the rise in BTC will continue to the level of $ 101,000. However, the first support point for profit sales that may occur at current levels will be $ 90,500. If it hangs below this level, it is possible for the decline to deepen to the level of $ 86,500.Ethereum (ETH) is trading at $1,810. With the rise that started at the level of $ 1,486, the price continues to stay above $ 1,800. If the upward movement continues, the resistance levels of $1,888 and $1,950 can be targeted. However, $1,790 will be followed as the first support in possible withdrawals. If persistence is achieved below this level, the $1,700 level for ETH will be the next strong support. Persistence above $1,790 is critical for the continuation of the short-term upward trend.Crypto NewsDonald Trump's son Eric has said that banks that do not adopt crypto will disappear within 10 years.Coinbase has added WLD to its listing roadmap.The United States has contacted China for talks on customs tariffs, Chinese media have confirmed this.North Carolina has passed a bill to create a Strategic Bitcoin Reserve.Canary has applied for a spot ETF for SEI.CryptocurrenciesThose Who Have Risen The Most:VIRTUAL →increased by 42.4% to $ 1.77.BEAM →increased by 23.0% to $0.0088351.PRIME →increased by 22.8% to $3.33.AI16Z →increased by 20.8% to $0.30912477.AERO →increased by 20.7% to $0.71983165.The Ones Who Fell The Most:DRIFT → fell by 7.7% to $0.67915288.LAYER → fell 6.7% to $3.01.DCR → fell 5.6% to $13.13.QGOLD → fell 2.3% to $3,225.41.XAUT → fell 2.1% to $3,234.26.Other Data:Fear Index:Bitcoin: 55Ethereum: 49Dominans:Bitcoin: 64.57% ▲ 0.11%Ethereum: 7.48% ▲ 0.08%Total Net ETF Inflows Per Day BTC ETFs: -56.30 Million$ ETH ETFs: -2.30 Million$ Data to Follow TodayMay 1 - Turkish Labor DayApplications for Unemployment BenefitsExpectation: 224KPrevious: 223KManufacturing Purchasing Managers' Index (PMI) (April)Expectation: 50.7Previous: 50,2ISM Manufacturing Purchasing Managers' Index (PMI) (April)Expectation: 48.0Previous: 49.0Global MarketsUS stock markets ended the day yesterday with a mixed and low volume course. However, the strong technology balance sheets announced after the session close, especially Microsoft's 6.9% and Meta's 5.4% increases, caused positive pricing in futures. Nasdaq futures indices were at a premium of up to 1.5%. While positive expectations in the negotiations with the US trading partners are also influential in this optimism, the fact that China has not yet officially participated in this process continues the cautious approach in the markets.The macroeconomic data showed a weak picture. Private sector employment in the US increased by only 62 thousand people and remained well below expectations. This situation shows that companies are being more cautious in hiring, especially due to tariff-related uncertainties. In addition, the US economy contracted by 0.3% in the first quarter of the year. This contraction was based on a higher-than-expected increase in imports and a weakening in personal consumption. While PCE inflation gave mixed signals, it registered a decrease on an annual basis, indicating an easing in price pressures.The ISM Manufacturing PMI data for March has moved back into contraction territory with 49 points. The index, which can only stay in the expansion zone for two months, showed that the contraction in new and accumulated orders slowed down, but employment losses increased. Supply shortages have accelerated price increases, while inventories have grown and delivery times have extended. This index is expected to decline to 48 points in April. Such data is critical for interpreting the impact of tariffs on businesses.On the international front, while the Bank of Japan left its policy rate unchanged, its failure to give clear signals about an interest rate hike led to the weakening of the Japanese Yen. Oil prices, on the other hand, tested 4-year lows with the news that OPEC+ may increase production. The OPEC+ meeting on May 5 will be critical in this sense.In addition, an agreement was signed between Ukraine and the United States on access to Ukraine's natural resources Dec. This development is interpreted as an effort to get support from Kiev's Trump wing before the upcoming elections in the United States.For the rest of the week, the data calendar is quite busy. In particular, the non-agricultural employment data to be announced on Friday is of great importance for the Fed's monetary policy and may be decisive on the direction of the markets. Apple and Amazon balance sheets will be announced today, and the general mood in the technology sector will be clarified with these data.The Most Valuable Companies and Their Stock PricesApple (AAPL) → market capitalization of $3.19T, price per share of $212.50, an increase of 0.61%Microsoft (MSFT) → market capitalization of $2.94T, price per share is $395.26, an increase of 0.31%NVIDIA (NVDA) → market capitalization of $2.66T, price per share of $108.92, down 0.09%Amazon (AMZN) → market capitalization of $1.96T, price per share of $184.42, down 1.58%Alphabet (GOOG) → market capitalization of $1.94T, price per share of $160.89, down 0.72%Precious Metals and Foreign Exchange PricesGold: 3961 TL Silver: 39.31 TL Platinum: 1191 TL Dollar: 38.44 TL Euro: 43.62 TL Hope to meet you again tomorrow with the latest news!
Daily Market Summary with JrKripto 30 April 2025
Below is today's "Daily Market Update with JrKripto," where we compile the most significant developments in global and local markets. Let's analyze the general market conditions together and review the latest assessments.Bitcoin (BTC) is currently trading at $95,090. Following a strong upward movement from the $75,930 support level, the price has settled above $94,000. BTC is now testing the resistance band between $95,000 and $96,000. If this area is surpassed with significant volume, the next target could be $101,000. However, if profit-taking occurs at current levels, the first support is at $90,500. Sustained movement below this level could lead to a correction down to $86,500.Ethereum (ETH) is trading at $1,820. The recovery process that began from the $1,486 support level has maintained the price above $1,800. In the continuation of the upward movement, the $1,888 and $1,950 levels can be monitored as resistance. However, a pullback from the $1,820 level highlights $1,790 as the first support. Below this, a stronger support at $1,700 can be observed. To maintain ETH's current upward trend, staying above $1,790 is critically important.Crypto NewsThe SEC has concluded its investigation into PayPal's PYUSD stablecoin without enforcement action.Trump: "India is doing great; I think we will have an agreement on tariffs."The UK Chancellor states that the United Kingdom aims to be a "world leader in digital assets."The UK will collaborate with the US to increase cryptocurrency adoption.China has lifted the 125% tariff on imported ethanol from the US.CryptocurrenciesTop Gainers:DRIFT → Increased by 31.8% to reach $0.7651.AKT → Increased by 14.7% to reach $1.53.PLUME → Increased by 12.8% to reach $0.1925.AIC → Increased by 10.5% to reach $0.2011.FLOKI → Increased by 10.3% to reach $0.00009251.Top Losers:SAFE → Decreased by 13.9% to $0.5254.PENGU → Decreased by 13.3% to $0.0106.VIRTUAL → Decreased by 10.5% to $1.32.AI16Z → Decreased by 7.2% to $0.2799.DEEP → Decreased by 6.9% to $0.1942.Other Data:Fear Index:Bitcoin: 57Ethereum: 49Dominance:Bitcoin: 64.50% ▲ 0.10%Ethereum: 7.46% ▼ 0.14%Daily Total Net ETF Inflows:BTC ETFs: $172.80 MillionETH ETFs: $18.40 MillionData to Watch TodayADP Non-Farm Employment (April):Expectation: 114K | Previous: 155KGross Domestic Product (GDP) (Quarterly) (Q1):Expectation: 0.2% | Previous: 2.4%Core Personal Consumption Expenditures (PCE) Price Index (Monthly) (March):Expectation: 0.1% | Previous: 0.4%Core PCE Price Index (Annual) (March):Expectation: 2.6% | Previous: 2.8%Energy Information Administration Crude Oil Inventories:Expectation: -0.600M | Previous: 0.244MGlobal MarketsUS stock indices closed higher following optimistic statements on tariffs by Commerce Secretary Lutnick, marking the sixth consecutive positive trading day. The S&P 500 rose by 0.58%, the Dow Jones by 0.75%, and the Nasdaq by 0.55%. All sectors in the S&P 500, except for energy, closed in positive territory. The strongest performing sectors were financials (0.97%), materials (0.92%), consumer staples (0.77%), and real estate (0.74%).On the economic data front, a weak outlook persisted. The Conference Board Consumer Confidence Index fell from 93.9 in April to 86.0, reaching its lowest level in five years. The expectation was 87.7. The expectations index dropped by 12.5 points to 54.4, the lowest since October 2011, remaining below the 80-point level considered a recession indicator for the third consecutive month. The current conditions index declined to 133.5, while consumers' 12-month inflation expectations rose from 6% to 7%, the highest since November 2022. The JOLTS job openings data came in at 7.19 million, below the expectation of 7.49 million, marking the lowest level in four years. The housing price index also recorded a lower-than-expected increase.Asian markets showed mixed trends, while European markets are expected to start the day flat. Today, US markets will focus on Q1 GDP data, PCE inflation data, and ADP private sector employment data.Most Valuable Companies and Stock PricesApple (AAPL) → Market Cap: $3.17T, Share Price: $211.21, ▲ 0.51%Microsoft (MSFT) → Market Cap: $2.93T, Share Price: $394.04, ▲ 0.74%NVIDIA (NVDA) → Market Cap: $2.66T, Share Price: $109.02, ▲ 0.27%Amazon (AMZN) → Market Cap: $1.99T, Share Price: $187.39, ▼ 0.17%Alphabet (GOOG) → Market Cap: $1.95T, Share Price: $162.06, ▼ 0.22%Borsa IstanbulA weak outlook and capital outflows continue in Borsa Istanbul. Yesterday, the BIST 100 index fell below the 9,250 support level, with technical indicators showing clear sell signals. This decline positions the 9,000 – 9,100 range as the next support area. On the upside, the 9,250 – 9,300 band now serves as resistance. Given that today is the last trading day of April, the closing of arbitrage positions in VIOP share contracts and the stock market may create additional selling pressure on BIST.The Central Bank's weighted average funding cost (WAFC) remains close to 49%. Q1 financial results have generally been weak, though some stocks like ASELS and TABGD have shown positive performance. However, the expected strong outlook for the earnings season has not been achieved. Today's agenda includes Koç Holding (KCHOL) financial results, domestic foreign trade data, growth data in Europe, and employment, housing, and consumption-focused data in the US.Turkey's 5-year CDS premium has risen to 362 basis points, showing an upward trend contrary to the average of emerging markets. This indicates an increased risk perception specific to TL assets and the continuation of foreign sales in BIST.The unemployment rate fell to 7.9% in March, seasonally adjusted, reaching the lowest level in the series. However, the underemployment rate increased over the past three months, reaching 28.8%, the highest since June 2023. The labor force participation rate stood at 53.4%. The Economic Confidence Index for April decreased by 4.2% monthly to 96.6, marking the sharpest decline since August 2023. The subcomponents of the index indicate weakened expectations on both the consumer and producer sides.Yesterday, sales in aviation stocks determined the direction of the index, and the BIST 100 closed the day with a 0.9% loss. Generally weak earnings and rising interest rates are increasing pressure on the index. A selling trend is expected to continue in Borsa Istanbul today.The BIST 100 index fell to 9,217 yesterday before closing at 9,225. The 9,221 level is being monitored as short-term support, while the 9,044 – 8,870 range serves as a stronger support area due to previous lows. As long as the index stays above this region, rebound buying may occur. Otherwise, a stronger decline towards the 8,618 – 8,500 band could be experienced. On the upside, the 9,494 – 9,594 band stands out as near-term resistance. If this band is surpassed, movement towards the 9,740 – 9,895 range may be seen. Support levels for BIST 100: 9,221 – 9,044 – 8,870 – 8,725 – 8,618; resistance levels: 9,494 – 9,594 – 9,740 – 9,895 – 9,953.Most Valuable Companies in Borsa Istanbul (According to Visual Data):QNB Finansbank (QNBTR) → Market Cap: 938 billion TL, Share Price: 270.50 TL, ▼ 3.39%Aselsan Elektronik Sanayi (ASELS) → Market Cap: 626.54 billion TL, Share Price: 132.90 TL, ▼ 3.28%Türkiye Garanti Bankası (GARAN) → Market Cap: 430.08 billion TL, Share Price: 101.70 TL, ▼ 0.68%Türk Hava Yolları (THYAO) → Market Cap: 410.89 billion TL, Share Price: 289.00 TL, ▼ 2.94%ENKA İnşaat ve Sanayi (ENKAI) → Market Cap: 373.11 billion TL, Share Price: 63.80 TL, ▲ 0.24%Precious Metals and Exchange RatesGold: 4091 TLSilver: 39.97 TLPlatinum: 1201 TLUSD: 38.50EURO: 43.90
The Spot Crypto ETF Era Begins in South Korea: A Wind of Pre-Election Reform
South Korea Set to Take Major Steps in the Digital Asset SpaceAhead of the early presidential elections scheduled for June 3, the ruling People Power Party (PPP) has unveiled reform plans aimed at energizing the crypto market.Single Bank Requirement to Be RemovedThe PPP intends to remove the current rule that allows crypto exchanges to operate with only one bank.The new regulation would enable exchanges to partner with multiple banks, a move expected to increase investor access and boost competition.Legal Framework for Spot Crypto ETFsOne of the most notable pledges: Spot Bitcoin and altcoin ETFs are expected to become legally approved within this year.The PPP argues that such products would offer a safe entry point for institutional investors.Citing the growing interest in the U.S., the party believes South Korea must not fall further behind in this area.Digital Assets Promotion Act in the WorksThe PPP also plans to introduce a new legislative framework titled the “Basic Act for the Promotion of Digital Assets.”Key goals include:Clarifying listing criteriaStrengthening transparency regulationsCreating a legal foundation for security tokens (STOs)Ensuring international compliance for stablecoinsA special Digital Assets Committee, directly reporting to the president, is also under consideration to oversee the entire process.Crypto Policies Take Center Stage in Election CampaignPPP’s presidential candidate Hong Joon-pyo is campaigning on a promise to liberalize crypto regulations.He drew attention with his statement: “We will roll back regulations just like the Trump administration did.”Crypto is now not only an economic issue but a central theme in the broader political message.Parallel Announcements from RegulatorsThe Financial Services Commission (FSC) is also preparing new regulations.In January, it was announced that restrictions on institutional investors' crypto activities would be eased.The upcoming regulations will cover areas such as stablecoins, listing rules, and market transparency.Digital Transformation to Be Shaped by Election OutcomeSouth Korea is entering a new phase in crypto reform.With spot ETFs, flexible banking rules, and legal frameworks, the country could become one of Asia’s leading crypto hubs.However, the future of this transformation hinges on the election outcome.If the PPP wins, reforms could be implemented rapidly — the opposition’s stance, however, remains unclear.
Daily Market Summary with JrKripto 29 April 2025
You can find today’s “Daily Market with JrKripto” article below, where we compiled the most important developments in global and local markets. Let’s analyze the general market conditions together and take a look at the latest evaluations.Bitcoin (BTC) is currently trading at $94,700. The price has strongly continued the upward trend that started from the $75,930 support level and has now surpassed the $94,000 levels. Currently hovering near the $95,000 – $96,000resistance zone, a breakout from this region could bring $101,000 into focus. However, if profit-taking occurs around $95,000, the first support lies at $90,500. If this level is broken downward, $86,500 will be the next support level to watch.Ethereum (ETH) is trading at $1,824. The price continues its recovery that began from the $1,486 support. If the upward movement continues from the current level, the resistance levels to watch will be $1,888, followed by $1,950. On possible pullbacks, $1,790 will act as the first defense level. If that level fails, $1,700 will be the stronger support. To maintain the uptrend in ETH, staying above $1,790 is important.Crypto NewsCircle ($USDC) received approval to operate as a money services provider in Abu Dhabi, UAE.South Korea plans to approve spot crypto ETF trading later this year.Arizona became the first U.S. state to pass a $BTC reserve bill allowing 10% of public funds to be invested in virtual assets like Bitcoin. The bill now awaits Democratic Governor Katie Hobbs’ signature to become law.Standard Chartered predicts a new all-time high (ATH) for Bitcoin in Q2.U.S. Treasury Secretary Bessent says the first trade deal may be finalized this week or next.MicroStrategy purchased 15,355 BTC.Tether minted $1 billion in USDT.Top Gainers in Cryptocurrencies:SAFE → up 27.9%, now at $0.5898LAYER → up 15.0%, now at $3.12BABY → up 10.8%, now at $0.0926VIRTUAL → up 10.3%, now at $1.44MOCA → up 8.3%, now at $0.0968Top Losers:POPCAT → down 14.6%, now at $0.3684DEEP → down 11.1%, now at $0.2071WIF → down 10.3%, now at $0.5922TRUMP → down 9.7%, now at $13.75KAITO → down 9.6%, now at $0.9009Other Metrics:Fear Index:Bitcoin: 58Ethereum: 49Dominance:Bitcoin: 64.23% ▼ -0.25%Ethereum: 7.51% ▲ +1.25%Daily Total Net ETF Inflows:BTC ETFs: $591.20 millionETH ETFs: $64.10 millionData to Watch Today:Conference Board (CB) Consumer Confidence (April): Forecast: 87.7 | Previous: 92.9Job Openings and Labor Turnover Survey (JOLTS) (March): Forecast: 7.490M | Previous: 7.568MGlobal MarketsU.S. stock markets started the week positively with a heavy flow of economic data and earnings reports but couldn’t maintain gains and ended the day flat.S&P 500: +0.06%Dow Jones: +0.28%Nasdaq: -0.10%8 out of 11 major sectors closed in the green. The top performers were:Infrastructure: +0.70%Real Estate: +0.68%Energy: +0.63%Sectors underperforming included:Technology: -0.30%Consumer Staples & Discretionary: -0.15% eachEuropean markets also ended the day mostly flat to slightly positive.Today, company earnings will be the focus, especially from Visa, Coca-Cola, Spotify, and Mondelez, which will be key in assessing consumer trends and corporate outlooks.On the data side, the U.S. will release:Consumer confidenceJOLTS (Job openings)Trade balanceHousing pricesIn March, the trade deficit fell by $7.7B to $147.9B. JOLTS showed open jobs declined by 194K to 7.57M, with a hiring rate of 3.4%. Layoff and quit rates were stable at 1.1% and 2.0%, respectively.ECB will release March inflation expectations today. Asian markets showed mixed performance, while European indexes are expected to open higher.Most Valuable Companies & Stock PricesApple (AAPL) → $3.16T market cap, $210.14/share, ▲ 0.41%Microsoft (MSFT) → $2.91T, $391.16/share, ▼ 0.18%NVIDIA (NVDA) → $2.65T, $108.73/share, ▼ 2.05%Amazon (AMZN) → $1.99T, $187.70/share, ▼ 0.68%Alphabet (GOOG) → $1.97T, $162.42/share, ▼ 0.87%Borsa Istanbul (BIST)Rising interest rates, weak earnings, and ongoing risks have kept the BIST 100 index tightly ranged between 9250–9500for nearly a month.Yesterday, the index dropped 1.3%, closing at 9307, with banking stocks falling 3.2%, diverging negatively.Technical levels to watch:Support: 9250 → 9100/9000 → 8870/8618Resistance: 9390 → 9500 → 9580 → if broken, a move to 9740–9895 is possibleUpcoming Turkish data:March unemployment rateApril economic confidence index (previous: 100.8, decline expected)CDS risk premium started the day at 357 bps.Both technical and fundamental indicators suggest staying cautious on BIST.Top Companies by Market Cap in BISTQNB Finansbank (QNBTR) → ₺927.95B, ₺281.00/share, ▲ 1.44%Aselsan (ASELS) → ₺632.02B, ₺138.20/share, ▼ 0.29%Turkish Airlines (THYAO) → ₺431.60B, ₺301.75/share, ▼ 3.52%Garanti Bank (GARAN) → ₺425.46B, ₺101.90/share, ▲ 0.59%ENKA (ENKAI) → ₺376.33B, ₺63.55/share, ▼ 1.01%Precious Metals & FXGold: ₺4,086Silver: ₺41.18Platinum: ₺1,227USD/TRY: ₺38.43EUR/TRY: ₺43.82Looking forward to seeing you again tomorrow with the latest updates!
