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The US Department of Justice Has Dissolved the Crypto Task Force
In a move that’s bound to spark major discussion across the crypto space, the U.S. Department of Justice (DOJ) has officially disbanded the National Cryptocurrency Enforcement Team (NCET), which had been active since 2021. This unexpected development brings a sense of relief to many in the crypto industry who’ve long struggled with regulatory uncertainty.Earlier this year, former President Trump signed an executive order calling for clearer and more enforceable digital asset regulations. The DOJ’s latest decision appears to align with that broader shift in tone and policy.“We’re Not a Regulator,” Says DOJ OfficialDeputy Attorney General Todd Blanche made waves with a candid statement: “We’re not a regulatory agency.” He also acknowledged that, during the Biden administration, the DOJ had felt pressured to regulate the industry through litigation rather than clear guidelines. For those who’ve been closely following the space, this admission sheds light on the legal chaos many have criticized for years.What Was NCET’s Role?NCET was launched in 2021 under President Biden, tasked with tackling everything from money laundering to illicit crypto transactions. It played a central role in legal actions against major players like Binance and KuCoin. But moving forward, the DOJ is expected to shift its focus toward individual criminal behavior, potentially giving blockchain projects and infrastructure providers more breathing room.What Does This Mean for the Crypto Industry?Less Pressure on the SectorCrypto entrepreneurs, many of whom have faced funding challenges or delayed their projects due to fear of sudden legal action, may now find renewed confidence. The looming threat of waking up to an SEC or DOJ lawsuit appears to be easing.A Safer Environment for InvestorsAs regulatory guidelines become clearer, institutional investors are more likely to re-enter the market. The industry is slowly moving from a legal gray zone to more well-defined rules.Big Money May Be Ready to EnterTrump’s softer stance on regulation could reignite interest from billion-dollar funds and traditional finance giants that had previously taken a cautious approach toward digital assets.A New Chapter for EntrepreneursWith investigations scaling back, developers in sectors like DeFi and Web3 may feel emboldened to innovate. The coming months could usher in a wave of fresh ideas and projects.A Shift in the U.S. Approach to CryptoThe shutdown of NCET is more than just an administrative move—it’s a clear signal that the U.S. is trying to understand and work with the crypto industry, not against it. Regulation is beginning to evolve into a collaborative framework rather than a fear-inducing threat. And that could be the foundation for sustainable, long-term growth in the digital asset space.
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8 Apr 2025
Pakistan Appoints Former Binance CEO CZ as Crypto Consultant
One of the most prominent figures in the cryptocurrency world, Changpeng Zhao (CZ)—the founder of Binance—has taken a central role in shaping Pakistan’s digital economy vision. CZ has officially been appointed as a strategic advisor to the Pakistan Crypto Council (PCC), marking a major step in the country’s efforts to integrate blockchain technology into its economic framework and accelerate crypto adoption.Government-Level Support for Digital TransformationThe announcement came shortly after CZ’s recent visit to Pakistan, where he held high-level meetings with key government officials. During his trip, CZ met with the Prime Minister, Deputy Prime Minister, Finance Minister Muhammad Aurangzeb, as well as representatives from the State Bank of Pakistan and the Securities and Exchange Commission.These meetings focused on Pakistan’s growing vision for digital finance and blockchain adoption. Finance Minister Aurangzeb emphasized that the country’s Web3 and digital asset strategy is rapidly evolving, and noted that CZ’s experience would be crucial in shaping this transformation.A Young, Crypto-Ready PopulationAccording to CZ, Pakistan presents an ideal environment for crypto adoption. With over 60% of the population under the age of 30, and strong enthusiasm for technology, the country has enormous potential for scaling blockchain-based solutions.CZ’s Key Priorities in Pakistan:Establishing transparent and compliant crypto regulationsEnhancing digital payment systems and financial infrastructurePromoting blockchain education and expanding real-world use casesThis isn’t CZ’s first government advisory role—he recently assumed a similar position in Kyrgyzstan, reflecting his growing influence in public policy across Asia. His involvement signals a broader effort to support national digital transformation strategies, beyond the private sector.A Strategic Move Toward Regional LeadershipPakistan’s decision to appoint CZ as a strategic advisor highlights the country’s serious commitment to crypto regulation and infrastructure development. This move could attract global investors’ attention and position Pakistan as a regional leader in digital finance.
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8 Apr 2025
Daily Market Summary with JrKripto
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 $79,000. Following a reaction from the $75,930 level, an upward movement has started. As long as it stays above this level, the $82,819 resistance could be tested again. If the $82,819 level is surpassed, BTC may continue to rise towards $85,419 and $92,214 respectively. However, in case of a pullback, the $75,930 support could come into play again. If this level is lost, the decline may deepen to $73,804.Ethereum (ETH) is trading at $1,565. Holding above the $1,486 support seems to have limited the selling pressure. In upward recoveries, the first resistance is at $1,585. If this level is broken, ETH is expected to start a move towards $1,900 and $2,000. Daily closes above $2,000 could lay the groundwork for acceleration to $2,277 and $2,428. In the downward scenario, falling below the $1,486 level may bring pullbacks to the $1,370 and then $1,217 support levels.Crypto NewsBinance announced its initial voting results and will delist the following coins on April 16, 2025: BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT.Trump: We are lowering prices and interest rates.Pakistan appointed CZ as a strategic advisor on cryptocurrencies.White House Trade Advisor Navarro: “We expect the market to find a bottom.”European Commission President von der Leyen announced that the EU is ready to negotiate customs tariffs with the U.S.Strategy reported a paper loss of $5.91 billion from Bitcoin in the first quarter.Trump: The Fed is moving slowly, it should cut interest rates!Fed funds futures now price in 120 basis points of rate cuts for this year.CryptocurrenciesTop Gainers:FARTCOIN → Up 24.6% to $0.5784CORE → Up 19.2% to $0.4818HYPE → Up 17.7% to $11.93ZEC → Up 17.1% to $34.59KCS → Up 16.8% to $9.32Top Losers:BERA → Down 9.2% to $3.88IBERA → Down 8.5% to $3.90ELF → Down 6.9% to $0.2112LAYER → Down 5.8% to $1.40BTSE → Down 4.3% to $1.09Other Data:Fear Index:Bitcoin: 25Ethereum: 25Dominance:Bitcoin: 63.48% ▼ 0.09%Ethereum: 7.69% ▲ 1.58%Daily Total Net ETF Inflows:BTC ETFs: -$103.90 MillionETH ETFs: $2.10 MillionGlobal MarketsU.S. futures started the week with sharp losses, but indices showed strong recovery following reports that Trump may consider delaying tariffs for countries other than China by 90 days. However, this report was denied by the White House, leading to renewed market volatility. By the end of the day, indices closed with slight losses after a volatile session.S&P 500 saw the highest trading volume in recent times. At the close, the S&P 500 fell by 0.23%, the Dow Jones by 0.91%, while the Nasdaq ended the day with a slight gain of 0.10%. Only 2 out of 11 main sectors closed in the green: Telecommunications gained 1.03%, and technology rose by 0.32%. On the other hand, real estate dropped 2.40%, materials by 1.65%, and infrastructure by 1.53%, making them the weakest sectors.There was notable volatility in the bond market. The 2-year U.S. Treasury yield fell to as low as 3.44% during the day but closed at 3.78%. Gains in the 10-year yield were erased by the end of the session.In today’s economic data agenda, the EIA’s weekly crude oil inventory report stands out. Asian markets started the day with strong gains. European indices are expected to open positively.U.S. tariffs on all countries continue to create volatility in global markets. News flow on the issue changes frequently and sometimes leads to misinformation. While some reports suggest that tariffs may be postponed or softened, others claim they could be increased further. These uncertainties are increasing market fluctuations.Most Valuable Companies and Stock PricesApple (AAPL) → $2.73T market cap, $181.46 per share, ▼ 3.67%Microsoft (MSFT) → $2.66T market cap, $357.86 per share, ▼ 0.55%NVIDIA (NVDA) → $2.38T market cap, $97.64 per share, ▲ 3.53%Amazon (AMZN) → $1.86T market cap, $175.26 per share, ▲ 2.49%Alphabet (GOOG) → $1.80T market cap, $149.24 per share, ▲ 1.02%Borsa IstanbulBorsa Istanbul continues to be affected by global market volatility. Yesterday, the BIST 100 index dropped to 9,050 at the start of the week but tested 9,500 throughout the day due to reaction buying, closing at 9,407 points. This morning, signs of recovery are seen in foreign markets. Accordingly, upward moves in BIST may continue, and the 9,500–9,600 resistance zone could be tested again.Due to high volatility, caution is advised for short-term investments. Despite attractive valuations, investors are advised not to rush in the medium to long term.Support zone: 9,000–9,200Resistance zone: 9,500–9,600Breakout above 9,473–9,594 could lead to 9,738–9,895Critical support: 9,044–8,870, with a potential drop to 8,618 if breachedThe 12-month target for BIST 100 remains above 14,000. However, future revisions may lower this estimate. Nonetheless, strong long-term return potential is still indicated.Today’s Domestic Data: Treasury bond and lease certificate auctions are in focus. Yesterday, the Treasury borrowed ₺62.6 billion in a 2-year fixed coupon bond auction with an average compound interest rate of 47.36%. Today, the Treasury’s cash balance data will be released. In February, the cash balance posted a deficit of ₺397.6 billion, and the non-interest balance showed a deficit of ₺265.9 billion.Internationally, U.S. wholesale data and Fed minutes are on the agenda. Turkey’s 5-year CDS (credit default swap) level starts the day at 362 basis points, after peaking at 380 yesterday—indicating rising risk perception in the markets.In Conclusion: Borsa Istanbul is expected to open positively in line with global recovery efforts. However, caution is warranted in the short term as high volatility may continue, with sudden shifts depending on global developments.Top Gainers in Borsa Istanbul:KFEIN → +10.00% to ₺127.60DAGHL → +9.97% to ₺88.80DERHL → +9.93% to ₺67.55ETILR → +9.92% to ₺12.96CEMAS → +9.85% to ₺4.35Top Losers in Borsa Istanbul:EUHOL → -9.99% to ₺16.12AFYON → -7.39% to ₺14.03SEKUR → -4.97% to ₺15.11PAPIL → -4.83% to ₺35.88SKBNK → -4.73% to ₺5.24Top Market Cap Companies in Borsa Istanbul:QNB Finansbank (QNBTR) → ₺1.06 trillion market cap, ₺317.25 per share, 0.00% changeAselsan (ASELS) → ₺532.15 billion, ₺117.60 per share, ▲ 0.77%Garanti Bank (GARAN) → ₺461.16 billion, ₺109.40 per share, ▼ 0.36%Turkish Airlines (THYAO) → ₺427.80 billion, ₺309.75 per share, ▼ 0.08%Koç Holding (KCHOL) → ₺401.69 billion, ₺158.90 per share, ▲ 0.32%Precious Metals & Exchange RatesGold: ₺3,673Silver: ₺36.94Platinum: ₺1,128USD/TRY: ₺38.01EUR/TRY: ₺41.51See you again tomorrow with the latest updates!
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8 Apr 2025
EDU: Comments and Price Analysis 08.04.2025
EDU Technical Analysis: The Fallen Channel Is Broken, Is a New Page Being Opened?EDU failed to make a break in the downtrend after touching the upper channel of the line in our analysis on March 25 and experienced a pullback to the lower channel of the trend. Despite the customs crisis, while all altcoins fell, today they broke this formation with a rise of 50%.Today, the price has reached the level of $ 0.1419. The fact that the negative structure that has been going on for months has been broken out may indicate that expectations in the market have changed and the investor is getting hopeful again. EDU Upward Fracture of the Falling Wedge The falling channel structure on the chart had dragged the price down in a very disciplined way. However, the price that was thrown out of the channel with today's strong green candle indicates that a different scenario can be discussed now. Such fractures, especially if they come after a long-term compression, can have a serious potential behind them.The price is currently based on the initial resistance at the level of $ 0.1461. If this zone is passed, the next targets are located much higher up.Support and Resistance LevelsSupports:$0.1160 – $0.1100: New support area, upper band of the broken channel$0.0900: The last intra-channel dip level$0.0770: Main supportResistors:$ 0.1461: Current resistance – the first test after the breakdown$0.1927 – $0.2108: Medium-term strong resistance zone$ 0.2710: The main target region – the level at which the channel decline begins0.3484 – 0.3810 $: The area where the volume sales come from$0.5025: Long-term resistance – big return targetThis break may be a signal not only of a short-term rise, but also of the beginning of a new era. If the closures above $0.1461 continue to come, it is highly likely that the upward movement will continue. In this case, the first target may be 0.1927 – 0.2100 dollars, and then the December of 0.27 – 0.35 dollars may be raised.Therefore, the smartest thing to do right now is to observe whether it will be permanent above this level. Because the trend has been broken, but it may take a while for the new trend to sit down.As a result, a whole new story may be starting for EDU. The last few months have been quite challenging. But this hard break today may be the harbinger of a brand new beginning both from a technical point of view and from the point of view of investor psychology. Moving out of the falling channel is not only a graphical change; it is also an indication that expectations are starting to change upwards. If this fracture becomes permanent, completely different levels can be discussed for EDU now.These analyses, which do not offer investment advice, focus on support and resistance levels that are thought to create trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss in relation to shared transactions.
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7 Apr 2025
The Clear Message to the Fed“ "Cut Interest Rates!”
U.S. President Donald Trump has once again shaken the global economic landscape with a wave of bold statements. From calling for aggressive interest rate cuts to threatening new tariffs and responding to market turbulence, the messages coming out of the White House suggest the beginning of a new economic era. Trump’s declaration—"This is an economic revolution, and we will win. The result will be historic."—signals an ambitious, high-stakes strategy for 2025.Trump to the Fed: “Cut Interest Rates Now!”In a direct message to the Federal Reserve posted on the social media platform Truth Social, Trump declared, “The Fed is moving too slowly—it must cut rates!” The markets reacted immediately. Futures contracts tied to Fed interest rates began pricing in expectations for up to 120 basis points in rate cuts by the end of the year.This isn’t the first time Trump has pressured the Fed. During his previous term, particularly at the height of the COVID-19 pandemic, he successfully pushed for aggressive monetary easing—moves that helped fuel record rallies in both stock and crypto markets. Now, he appears to be setting the stage for a similar playbook.Trump's strategy seems aimed at propping up market confidence and stimulating economic growth through looser monetary policy ahead of a potentially volatile period.“Don’t Be Weak, Don’t Panic”: Market Reassurance Amid Tariff ShockMarkets saw sharp drops across equities and crypto assets following Trump’s tariff threats. Yet in the same breath, Trump issued a firm message to investors: “Don’t be weak. Don’t be stupid. Don’t panic.” This dual-tone message both underlined his assertive approach and served to calm jittery markets.White House Trade Adviser Peter Navarro reinforced the administration’s stance, stating, “We expect the market to find a bottom,” hinting at confidence in an upcoming recovery. This has sparked investor speculation that a new round of monetary stimulus and market support may be on the horizon.For crypto markets in particular, the potential for rate cuts is significant. Historical patterns show that Bitcoin and altcoins have often surged during periods of aggressive Fed easing.A New Era for the Global Economy?Trump’s current economic strategy pairs tough trade stances—particularly targeting China—with monetary stimulus aimed at domestic markets. It’s a two-pronged approach: reshaping global trade balances while simultaneously ensuring liquidity at home.A closed-door Federal Reserve Board meeting is rumored to have focused on this very issue, fueling speculation that policy shifts are imminent. If rate cut expectations materialize, the ripple effects will extend well beyond the U.S., potentially triggering global capital flow shifts and renewed investment momentum across multiple markets.Key Highlights:Trump: “This is an economic revolution. The result will be historic.”Fed rate cut expectations now priced in at 120 basis points.White House: “We expect the market to find a bottom.”Rate cut pressure may fuel a crypto market rebound.Stocks and digital assets could rally on further easing and stimulus policies.Conclusion: A Turning Point for Markets and Policy?Trump’s aggressive economic messaging may be the beginning of a transformative period for global markets. Whether it’s interest rate cuts, tariff escalations, or a combination of both, the weeks ahead promise high volatility—but also high opportunity. For investors, especially in crypto and equities, this could be the setup for a major rebound—if the Fed plays along.
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7 Apr 2025
Harsh Messages from Trump on Customs Duties and Global Trade: Is It the Beginning of a New Era?
U.S. President Donald Trump has once again taken center stage in the global trade conversation, delivering statements that sent shockwaves through international markets. His bold remarks—especially regarding new tariffs on China and the launch of fresh trade negotiations with other countries—have triggered sharp market reactions and could prompt nations to reassess their economic and diplomatic strategies.A Clear Warning to China: Tariffs Could Rise to 50%In a striking announcement, Trump warned that if China fails to remove the current 34% additional tariffs, the U.S. would raise them to 50%. This declaration has cast a shadow of uncertainty over U.S.-China trade relations, reigniting tensions that could have significant economic ripple effects.While Chinese officials labeled the move as “economic bullying,” President Trump described the potential hike as a “painful but necessary remedy.” US and China Tensions 90-Day Tariff Suspension? Mixed Signals Create ConfusionAdding to the uncertainty, Trump’s economic adviser Kevin Hassett mentioned a possible 90-day suspension of tariffs for countries other than China. However, White House officials quickly denied any such plans, calling the reports “baseless.” Trump himself took to Truth Social to post a cryptic and forceful message: “Don’t be weak. Don’t be stupid. Don’t panic.”The conflicting messages have only deepened the ambiguity surrounding U.S. trade policy.Green Light for New Trade Talks (Excluding China)While tensions with China escalate, Trump announced the U.S. will begin immediate trade negotiations with other countries. European Commission President Ursula von der Leyen confirmed the EU is ready to enter talks, and the U.S. National Economic Council reported that over 50 countries have already reached out to initiate new trade agreements with Washington.This diplomatic pivot could signal a shift in U.S. trade strategy toward forging selective bilateral deals.Market Reactions and Global ResponsesThe financial markets reacted swiftly to Trump's statements. The S&P 500 plummeted, and the U.S. dollar weakened. Canada responded by filing a complaint with the World Trade Organization (WTO) over the 25% tariffs imposed on cars, while Japan’s Prime Minister Shigeru Ishiba publicly urged Trump to reconsider the aggressive tariff policy.These international reactions underscore the widespread concern about the impact of Trump's trade decisions on global economic stability.Trump’s Message to the Fed: “Rate Cuts Needed”In another sharp statement via Truth Social, Trump criticized the Federal Reserve, saying, “The slow-moving Fed must cut rates.” While some interpreted the tariff announcements as pressure on the Fed, Kevin Hassett clarified that the trade measures are not intended to influence monetary policy.Still, the tension between fiscal and monetary policy continues to grow under the current administration.Key Takeaways:Trump threatens to raise China tariffs from 34% to 50% if changes aren’t made.Over 50 countries have approached the U.S. for new trade agreements.White House denies reports of a 90-day tariff suspension.EU expresses readiness to negotiate with the U.S.Trump’s message: “Don’t be weak. Don’t be stupid. Don’t panic.”What’s Next?Trump’s aggressive trade stance may mark the beginning of a new era in global economics. The combination of tariff threats and simultaneous diplomatic outreach suggests a potential overhaul of international trade norms. In the coming days, both the U.S. economy and global markets could face pivotal developments that redefine the balance of trade and diplomacy.
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7 Apr 2025
Daily Market Summary with JrKripto
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 $76,434. While the $ 75,930 region stands out as a critical support, if this level is lost, the decline may deepen to the $ 73,804 level. If the downward pressure continues, the levels of $69.615 and $67.496 can be followed as the next support zones. In the upward movements, the first resistance is found at the level of $ 82.819. If this level is exceeded, BTC may rebound towards the levels of $85,419 and $92,214. For a stronger rise, the closes above $92,214 can start a new rally to the level of $109,705.Ethereum (ETH) is trading at $1,492. The price is tracking quite close to the $1,486 support. If it goes below this level, the decline may last up to the $ 1,370 level. In deeper corrections, the $1,217 level can be followed as support. The first resistance in the upward recoveries is at the level of $ 1.585. If this level is exceeded, the $1,900 and $2,000 levels may become the target. If closures above $2,000 come, a new upward momentum may occur for ETH towards the $2,277 and $2,428 levels.Crypto News$ 1,350,000,000 has been liquidated from the cryptocurrency market in the last 24 hours.The expectation of an interest rate cut this year in Fed fund maturities has increased to 120 basis points.The S&P 500 futures opened down 4 percent, while the Nasdaq futures fell 5 percent.Tether plans to release a new stablecoin for the US Sunday this year if Congress passes the legislation.The SEC has announced that fully-reserve, liquid, dollar-backed crypto stablecoins are not securities.CryptocurrenciesThose Who Have Risen The Most:The BTSE →gained 10.3% to $1.14.SAROS →rose 1.8% to $0.1559.KAVA → rose 1.3% to $0.4096.GRASS → rose 1.0% to $1.72.FDUSD →increased by 0.6% to $1.00.The Ones Who Fell The Most:IBERA → fell 26.1% to $4.28.BERA → fell 25.8% to $4.27.MEW → fell by 24.8% to $0.0020.ZEC → fell 22.9% to $29.17.SNEK →fell by 22.7% to $0.00023.Other Data:Fear Index:Bitcoin: 27Ethereum: 19Dominans:Bitcoin: 63.51% ▲ 0.33%Ethereum: 7.74% ▼ 0.36%Total Net ETF Inflows Per Day BTC ETFs: -64.90 Million$ ETH ETFs: $2.10 Million Global MarketsAfter the announcement of the customs duties, there was a hard sell in global markets and stock indexes lost a total of US$6.1 trillion in market capitalization. On the last trading day of the week, the S&P 500 index fell by 5.97%, the Dow Jones by 5.50%, and the Nasdaq by 5.82%. While all sectors ended the day with losses, the sharpest declines were seen in the energy (8.70%), finance (7.39%) and technology (6.33%) sectors. These hard sales took place in conjunction with increasing recession concerns.On the other hand, the October non-agricultural employment (TDI) data, which exceeded expectations, put additional pressure on the market. In March, TDI data showed an increase of 228 thousand, well above the expectation of 137 thousand. Most of the increase came from service sectors such as healthcare, social assistance, transportation and warehousing. Despite this strong employment data, the unemployment rate rose from 4.1% to 4.2%. The labor force participation rate increased from 62.4% to 62.5%, while the number of unemployed remained stable at 7.1 million in February. Average hourly earnings increased by 0.3% on a monthly basis, while the annual increase slowed from 4.0% to 3.8%.Fed Chairman Jerome Powell pointed out the inflationary effects of tariffs and stated that a rate cut would be risky in this environment. These statements postponed the expectations of an interest rate cut.In the bond market, the demand for safe havens continues. The US 2-year bond rate fell to 3.48% and the 10-year bond rate fell to 3.90%. While China has signaled retaliation against the US customs duties, trade ministers in the European Union are expected to discuss how to respond to this tax package.With the impact of all these developments, Asian stock markets are priced with sharp declines, while European stock markets are expected to have a negative start to the day.The Most Valuable Companies and Their Stock PricesApple (AAPL) → market capitalization of $2.83T, price per share is $188.38, a decrease of 7.29%.Microsoft (MSFT) → market capitalization of $2.68T, price per share is $359.84, a decrease of 3.56%.NVIDIA (NVDA) → market capitalization of $2.30T, price per share is $94.31, a decrease of 7.36%.Amazon (AMZN) → market capitalization of $1.81T, price per share of $171.00, a decrease of 4.15%.Alphabet (GOOG) → market capitalization of $1.79T, price per share of $147.74, a decrease of 3.20%.Borsa IstanbulAlthough the hard selling in global markets has been accompanied in a more limited way due to the serious depreciation experienced in Borsa Istanbul in the period after March 19, the weak trend continues. A selling start is also expected for the new week. In this process, it is emphasized that the short-term position risks should be kept low, and despite attractive valuations, there should be no rush for medium- and long-term investments. In the BIST 100 index, the 9,000 - 9,200 levels can be monitored as support, and the 9,500 - 9,600 levels can be monitored as resistance.Treasury auctions and foreign securities transactions announced by the CBRT will stand out on the agenda of the day, while the trust indices to be announced in Europe will also be on the radar of the markets. Inflation data to be announced in the US later in the week are among the important agenda items Dec. Turkey's 5-year CDS premiums start the day at 348 basis points. In addition to internal risks, global economic weakness due to the United States is also influential in the October rise in CDS.According to the provisional data released by the Ministry of Commerce domestically, exports increased by 3.2% year-on-year to $ 23.4 billion in March, while imports increased by 2.3% to $ 30.7 billion. Thus, the foreign trade deficit remained stable at $ 7.3 billion, and the 12-month cumulative foreign trade deficit remained horizontal at $84.5 billion.February March CPI accelerated by 2.6% on a monthly basis compared to the previous month (February: 2.3%), according to the seasonally adjusted data of TURKSTAT. On the other hand, the monthly increases in the core B and C indices slowed down compared to February with 1.9% and 2.2%, respectively. While the price increase in the service group decreased to 3.0%, the prices of goods increased to 2.4%.In March, the CPI-based real effective exchange rate (REDK) decreased by 1.6 percentage points compared to the previous month and became 73.5. This level marks an increase of 17% compared to the same period last year. While the PPI-based REDK decreased by 3 points to 95.5 per month, it remained 6% higher year-on-year.The Treasury will conduct direct sales of 2-year fixed coupon bonds with a maturity of 2 years today and 1-year TLREF indexed and 4-year fixed coupon bond auctions with a maturity of 2 years tomorrow. Friday Tuesday will also be the day when the Treasury cash balance, industrial production on Thursday, Market Participants Survey and retail sales volume and turnover indices will be announced.While the new week in global markets started with concerns arising from the regulations on US customs tariffs, Asian stock markets opened with hard selling. There is also a selling trend in the US futures markets. The BIST-100 index ended the last week with a 3% loss in dollar terms, while losses on the US stock markets reached about 10%. This week's data agenda will be relatively calm domestically. 1 Of the banking sector, which will start to be announced at the end of the month. analyst forecasts for the financials of the quarter will also be closely watched. In general, Borsa Istanbul is expected to make a selling start to the new week in parallel with global markets.The Companies with the Highest Market Capitalization in Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of TL 1.1 trillion, price per share is TL 324.75, a decrease of 1.29%.Aselsan Electronics Industry (ASELS) → Market value of TL 535.34 billion, price per share is TL 115.40, a decrease of 1.70%.Garanti Bank of Turkey (GARAN) → market value of TL 465.36 billion, price per share is TL 106.30, a decrease of 4.06%.Turkish Airlines (THYAO) → market value of TL 420.56 billion, price per share is TL 300.00, a decrease of 1.56%.Koç Holding (KCHOL) → Market value of TL 407.27 billion, price per share is TL 154.20, a decrease of 3.99%.Precious Metals and Foreign Exchange PricesGold: 3704 TL Silver: 36.74 TL Platinum: 1128 TL Dollar: 38.01 TL Euro: 41.78 TL Hope to meet you again tomorrow with the latest news!
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7 Apr 2025
OP: Comments and Price Analysis 05.04.2025
Optimism (OP) Technical Analysis: Critical Support TestOptimism (OP) has been on a downward trend for a long time, and this decline has deepened a little due to the negative movements of major cryptocurrencies such as Bitcoin and Ethereum, especially in all financial markets, with the US customs decisions in the last few weeks. However, the level at which the decline finally came, 0.690, is in a region where there is both trend support and liquidation support that remains at the bottom level it did 2 years ago. The picture we see on the charts at the moment shows that it is possible that this region may be bottoming out and we may see upward movements from here.A downward trend line has been prevailing on the chart for quite some time. OP continued to pay homage to this line by making lower peaks with each of his attempts. However, the fact that it has touched both this trend line and the horizontal $ 0.68 – $ 0.69 support area with the recent price movement strengthens the possibility of a pause and a change of direction. These points are the return zones that we often see in technical analysis. Of course, for this turn, it is necessary for the US Stock Markets to turn positive and for the decline on the Bitcoin and Ethereum side to end. OP Trend Theme Support Zones:0.683 – 0.690 $: The current main support - the price is trying to hold on here right now.$0.500 - $0.550: If the support breaks, the strong ground is next.$0.390: ATL level – technically the last line of defense.Resistance Zones:$ 0.943 - $ 1.047: The first recovery zone, strong resistance, but it is possible to overcome.$ 1,404: The level that can be tested in the medium term.$ 1,882 - $ 2,089: The volume zone before the decline began.$2,706: Wide-time potential target.The RSI is currently at 33.19, hovering quite close to the oversold limit, which may indicate that sales are now starting to weaken. While momentum indicators are gradually starting to stabilize, the increase in volume is also attracting attention in recent declines. This may be a sign of a pre-return collection process. This region is important for investors. Because although low levels often seem scary, they offer potential opportunities with the right timing and risk management. If the price takes strength from this support zone and turns its direction up, the December of $ 0.94 – 1.05 will be raised as the first resistance. If it gains upward momentum, technically the $1.40 and $1.88 levels can be targeted. However, if this support is broken, short-term withdrawals may occur. In this case, the use of stop-loss and position control become even more important.As a result, Optimism is trading at the bottom of the long-term downtrend. The level being tested at the moment is a strong support area that has moved the price up many times in the past. If this support works once again, there may be a strong possibility of a short-term recovery for OP. Otherwise, this breakdown may initiate a new wave of decline. Both scenarios are now very close, and once the direction becomes clear, the chances of the move being drastic are quite high. Therefore, patience, confirmation and correct position management are vital in this process.These analyses, which do not offer investment advice, focus on support and resistance levels that are thought to create trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss in relation to shared transactions.
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5 Apr 2025
SUI and MIU: Comments and Price Analysis 05.04.2025
SUI (SUI) Technical Outlook: Support - Parametric Operation for Resistance Levels and MIU While SUI continues to be one of the projects that are carefully followed in the market, significant structures have started to form in its technical outlook. In particular, the determined support and resistance levels shape both short-term price movements and investor psychology. The current technical structure can shed light on the direction of not only SUI, but also MIU coin. SUI Medium Term Bullish Expectation $2.1038 – $2.3319: Major Support Area - The Key to Buyer Win This region is a strong support area where buyers take control and SUI finds solid ground. When past movements are examined, it is observed that the price reacts upwards when this level of permanence is achieved. A hold above $2.3319 paves the way for the price to regain momentum. Reaction purchases from these levels have the potential to move the price up by 22% in the medium term. As long as this support line is not broken, the positive scenario for SUI will continue to remain active. $2.54 – $2.8830: Gradual Resistances and the Warming Phase of the Ascent This region represents the resistance line where the price has been challenged in the past, but if it is exceeded, the upward momentum may increase. The levels of $2.54, $2.7637 and $2.8830 should be targeted, respectively. Reaching these levels means that an increase of 22% has been completed. The upward breaking of these resistances and their confirmation by the weekly close breaks the chains in front of the price. This break becomes the beginning of an exciting rise for the SUI investor. $3.6557 – $3.8135: Major Resistance This is no longer just a resistance point; it is a region where the trend structure will change radically, which can trigger a new ATH potential. Reaching this level means that the price will have completed a 60% increase. A permanent breakdown turns the market perception in favor of the bull and triggers the “FOMO” effect in investors. When this area is passed, the market no longer goes into a consolidation, but into a new peak search mode. What Does This Mean For MIU Coin? This strong upward structure of SUI can create a parabolic effect for MIU Coin. The rise of the SUI project increases the interest in ecosystem altcoins. This interest can accelerate the flow of capital directly into its own ecosystem, such as MIU. Now Let's Talk About Mathematics: When projects such as Shiba reach the 7B Market Cap level, MIU has a potential of 712x at today's price. In the past bull cycles, even standard projects easily exceeded the 3D Market Cap threshold. 280X is possible for MIU in this scenario! We know that MIU is in talks with exchanges such as Huobi, Bitmart, Gate io, KuCoin. If 1B Mcap is seen before Binance listing, even this means 95x earnings! Note: These data reflect only the potential. Even if MIU is listed only on central exchanges, it can cause the price to fold. The technical ascension structure in SUI has a signal effect for MIU! If the SUI continues to close above $2.10, the market perception will sharpen in a bullish direction. This will lead to the folding of the capital orientation to projects such as MIU. Given MIU's low market cap, strong community foundation and stock market planning, could SHIBA be the next? it's time to ask your question seriously! These analyses, which do not offer investment advice, focus on support and resistance levels that are thought to create trading opportunities in the short and medium term according to market conditions. However, the responsibility for making transactions and risk management belongs entirely to the user. In addition, it is strongly recommended to use stop loss in relation to shared transactions.
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5 Apr 2025
BTC, ETH and USDT.D: Comments and Price Analysis 05.04.2025
In-Depth Analysis of Bitcoin (BTC) and the Crypto Market – Critical Levels and Possible Scenarios The cryptocurrency markets are fluctuating in parallel with the movements of Bitcoin (BTC). It is of great importance to examine the critical levels in order to assess whether the bull season has arrived. Developments in global markets, macroeconomic factors and technical indicators play an important role in determining the future direction of BTC. In this analysis, in addition to the main support and resistance levels of Bitcoin, the USDT Dominance (USDT.D) We will consider in detail the impact of the rate, the total market value and the impact of macroeconomic factors on the BTC price. BTC Demand Zone Bitcoin's Important Support and Resistance Levels Maintaining certain support levels is critical for Bitcoin to maintain its upward movement. At the same time, strong resistance levels need to be overcome for the upward movements to be permanent. Bitcoin Support Levels (Regions where Buyers Are Influential) December 82,300 - $ 83,100: It stands out as a strong support area in the short term. This region is located among the levels where buyers are active and their interest is concentrated. Dec. $80,691 Level: The main support level where Bitcoin shows strong buying reactions. If the price remains above this level, the upward trend can be expected to continue. Macro Support Level of $73,336: This region is a critical turning point in Bitcoin's ascent, which started at the $15,500 level. Previously, BTC had experienced an increase of more than 150% after this level. If the price falls back here, it is likely that a strong buying movement will begin. If the $80,691 level is lost, the $73,336 zone can be tested. Bitcoin Resistance Levels (Regions where Sellers are Strong) $87,500 Level: An important resistance zone for Bitcoin. This level, which acted as support in the past, has now become one of the main resistance points faced by the price. If BTC exceeds this level, it can gain bullish momentum. $92,591 Level: Another of the key resistance levels that will determine the price direction of BTC. If there is a permanent movement above this level, BTC could move towards the December range of $95,745 - $97,213. $95,745 - $97,213 (NPOC) Region: This region stands out as an area that has attracted attention with high trading volumes in the past and where market balance has not been achieved. If BTC passes this level, the probability increases that the price will quickly move towards $ 110,000. $ 110,000 Main Goal: When Bitcoin reaches this level, new peaks may be opened. From a technical point of view, it can be expected that the upward movement will accelerate when the price discovery process is entered. A break of the $87,500 level further strengthens the bullish trend for Bitcoin, while the $110,000 target becomes a closer possibility if it holds above $95,745. The Impact of Macroeconomic Factors on Bitcoin The price of Bitcoin depends not only on technical levels, but also on global economic developments, US Central Bank (FED) policies, inflation rates and political events. April 2 Trump Customs Tariffs Statement: The new tariffs imposed by the United States have led to additional taxes being imposed on many countries. Oct. This situation has created a risky environment by creating uncertainty for the markets. FED Rate Decisions and Bitcoin: If the FED signals an interest rate cut in May, this could be a positive development for Bitcoin. The low interest rate environment provides more liquidity to the market and increases interest in risky assets such as BTC. The future movement of Bitcoin's price will depend not only on technical levels, but also on macroeconomic developments. Therefore, it is important for investors to carefully monitor both factors. Ethereum (ETH): Price Map, Critical Levels and Direction-Determining Regions Ethereum is trading at price levels that play a key role in determining the direction of the market. In the current situation, the regions where both buyers and sellers are concentrated are clearly separated. This separation allows us to read the short- and medium-term roadmap of ETH more clearly. Below, we have discussed in detail the main support, resistance and conversion levels that will shape Ethereum's ascension scenario. ETH Major Demand Level $1572 – $1690: Deep Demand Area and the Basis of the Rise This region is the main support line for Ethereum, where there is strong buyer interest. When historical data are examined, it is noteworthy that while hard sales come when these levels are below; strong reaction purchases are seen when they stay above. Persistence above the $1690 level ensures that the bullish potential for ETH remains alive. If it goes below $1572, it comes across as a corporate safe zone This region serves as the basic base that forms the basis for Ethereum to establish a healthy ascension structure. 1960$ – 2069$: SR Flip Area – The Heart of the Direction Selection This is not only a resistance zone, but also a strategic decision point that will determine the direction of the price. The term SR Flip (Support to Resistance Flip) refers to the testing of an area that previously worked as support in technical analysis as resistance after going below the price. In the case of Ethereum, this region provided strong support in the past, but now we see that the same region serves as a resistance. Why is this area so important? The $1960 - $2069 region is an area where investor psychology has been broken and retested. If ETH breaks this level up with a high trading volume and provides permanence here, this is interpreted as a “confirmed trend turn” in technical terms. This breakdown can lead to the start of new waves of purchases by instilling confidence in investors. However, a rejection in this region will bring up the ”false breakout" scenario and push the price back to support levels. In this respect, the SR flip area is not only a technical dam; it is also a litmus test on which we can measure market sentiment. The price behavior to be seen here may determine the short-term fate of Ethereum. $2533 – $2722: High Time Zone Resistance and Trend Formation Zone These levels are strong resistance points that Ethereum faces in higher time periods (for example, on weekly charts). This region is known as the area where the price has previously turned down, slowed down volumetrically and profit realizations have increased. If ETH can pass these levels in volume, a new trend structure will be formed in the medium term. However, if the selling pressure increases here, the market may enter into a consolidation process for some time. This resistance band may be the trigger for the second stage of the ascent. $3,400 and $5,000: The Route of the Big Players and the Layer 2 Effect These two levels, which are among the long-term goals of Ethereum, are in the focus of institutional investors. Dec. In particular, the $3,400 level stands out as an area where liquidity has been concentrated in the past and large orders have been collected. If persistence above $3,400 is achieved, the $5,000 target comes to the table by entering the price discovery area. The fact that ETH crosses such psychological thresholds activates not only itself, but also ecosystem projects. Especially Layer 2 projects (such as OP, ZKSYNC, ARB, STRK) may be positively affected by this increase and may see a serious flow of funds. USDT Dominance (USDT.D): Market Confidence, Fund Flow and Critical Turning Points One of the most effective ways to understand investor behavior in the cryptocurrency market is USDT Dominance (USDT.D) to analyze the graph. This metric shows whether investors are using their capital in favor of risky assets or safe havens. USDT.When D rises, investors run away from risk by turning to stablecoins, while when it falls, capital flows back into crypto assets. Therefore, it is USDT to understand the direction in BTC and altcoins.D levels play a critical role. USDT.D Below we have detailed the effects on the market according to the current technical levels: 5.52% - Decision Moment: Buyer Pressure Is Building, But It Must Be Broken For the Sale To Be Completed This level indicates that the panic mood in the market is gradually ending, but investors are still cautious. USDT.The fact that D has reached this level indicates that sales in cryptocurrencies have slowed down, but confidence has not fully returned. If USDT.If D starts making closures below this level, we can say that the selling pressure has decreased and the flow of funds to cryptocurrencies may start again. However, a persistence above 5.52% indicates that investors are still maintaining their stablecoin positions and the market is having a difficult time recovering. This level is a region where the market is approaching the neutral position; a clear bullish signal is not received unless there is a downward break. 5.32% - Breaking Threshold: May Initiate Retreat, Descent Below Triggers Rise the level of 5.32%, USDT.It stands out as the “critical decision zone” of D. The downward break of this area indicates that investors are quickly leaving their stablecoin positions and re-entering cryptocurrencies. If the 5.32% downside breaks, the market will breathe a sigh of relief and sudden rises in BTC and altcoins may be seen along with an increase in volatility. This breakdown is also the clearest sign that investor confidence is returning. This area is the front door of the bull scenario. Strong reception waves can be triggered after this point. 5.03% - The Region Dominated by Sellers: It Should be Carefully Monitored Although the decline of USDT Dominance to the 5.03% level indicates that the market's appetite for buying is increasing, this region should be followed carefully as it is also a potential bottoming region. It is observed that sales are intensifying at this level and investors are aggressively switching to risky assets. However, a support that may occur here may temporarily end the selling wave and USDT.D may start to rise again. A clear break of this level opens up the possibility of a strong rally in Ethereum and altcoins. However, the jumps that can be experienced from here can also prepare the ground for sudden snow realizations. Strategic Foresight going below 5.52%: Risk appetite is increasing in the market, the bullish scenario is strengthening.
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5 Apr 2025
ZRO: Comments and Price Analysis 05.04.2025
ZRO Technical Analysis: Downtrend Broken, Now It's Time for Resistance LevelsZRO has experienced a sharp decline in recent weeks. However, this drop may not only signify weakness but also lay the groundwork for a potential trend reversal. The most crucial recent development on the chart is that the downtrend has been broken. This shift suggests that the downward pressure could be replaced by a more neutral or even upward trajectory.Currently, the price is around 3.032 dollars, a critical technical and psychological threshold. Below this level, the 2.54 – 2.39 dollar range stands out as a key support zone where the broken trend has been retested. This is a classic support-resistance flip. ZRO Falling Trend Breakage Support Levels:2.54 – 2.39$ : Retest zone after the trend break – the first area to watch for a reaction2.074$ : Major support – previous bottom of the downtrend1.65 – 1.50$ : Liquidity zone where buyers are concentratedResistance Levels:3.005$ : Short-term key resistance – price is currently testing this level3.54 – 3.76$ : Strong mid-term resistance zone – first target after a breakout above 3.00$4.52$ : Major resistance in the long term – the origin of the previous downtrendThe price is now testing the 3.00 dollar resistance. If a daily close occurs above this level, the price could technically rise towards the 3.76 dollar region.The descending red trendline on the chart was the primary barrier that had been pressuring the price for weeks. Its upward breakout signals a potential shift in market structure. The key question now is whether this breakout will hold. The most important factor is whether the price can maintain support levels after the breakout. So far, this test seems successful.ZRO is not just searching for direction; it appears to have already chosen one. The broken downtrend has now given way to a structure where Fibonacci resistance levels are being tested.A confirmed daily close above 3.00 dollars would be the first sign of continued upside movement. If this level is surpassed, targets like 3.76 and 4.52 dollars could come into play. However, if the price falls back below 2.54 dollars, the breakout may be invalidated, leading to renewed downward pressure.In conclusion, it seems that ZRO has finally left its long-standing downtrend behind. The current market structure resembles a classic reversal scenario, where horizontal resistances are being tested after a trend change. However, for this reversal to be sustained, stability above 3.00 dollars is essential. From a technical perspective, this possibility appears to be gaining strength.Disclaimer:This analysis does not constitute investment advice. It focuses on support and resistance levels that may present potential short- to mid-term trading opportunities depending on market conditions. However, all responsibility for trading decisions and risk management lies entirely with the user. The use of stop-loss orders is strongly recommended for any trade setup shared.
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4 Apr 2025
What is MIU Coin? The Next Generation Meme Project of the Sui Ecosystem
Quietly launched in late 2024, MIU Coin has rapidly captured the attention of thousands of crypto investors. Built on the Sui blockchain, this cat-themed meme token is proving to be far more than just a joke. With an expanding community, practical tools, and increasing on-chain functionality, MIU Coin is evolving into a serious player in the Web3 space.In this article, we’ll explore everything from MIU’s technical foundation and tokenomics to its social media power and future potential.What is MIU Coin?MIU Coin is a meme-inspired cryptocurrency developed on the Sui network. Officially launched on December 3, 2024, it quickly garnered a loyal fan base known as the "MIU Army" across social media platforms.But what makes MIU stand out in a crowded meme coin landscape?0% Transaction Tax – No extra fees when buying or selling.Passive Income – Users can stake MIU to earn rewards.Token Creation Tools – Build your own token using MIU’s ecosystem.Developer Transparency – Through its “Token Lock” system, MIU encourages transparent development.Strong Technical Foundation on the Sui NetworkMIU leverages the advantages of the Sui blockchain—high speed and low transaction costs. Its smart contract is built using the Move language, offering a secure and scalable infrastructure that supports future development and integrations.Upcoming Exchange Listings: Summer 2025 Expansion PlanTo reach a broader investor base, MIU Coin is actively pursuing listings on major centralized exchanges (CEXs) for Summer 2025. After a successful listing on MEXC, the team has initiated talks with top platforms like Gate.io, BitMart, KuCoin, and HTX (formerly Huobi), responding to strong demand from the community.The goal? To secure listings on at least one or two major exchanges this summer, boosting MIU’s liquidity and global visibility. These listings will also be paired with community campaigns and airdrop promotions, with a focus on growing user bases in Asian and European markets. MIU Coin MIU Tokenomics: A Transparent Economic ModelMIU Coin has a total fixed supply of 900 trillion tokens, all of which are already in circulation—meaning no vesting periods and no hidden allocations.Here’s the breakdown:55% for Liquidity and Burns15% for Staking Rewards15% for Ecosystem Development10% for Community Initiatives (Airdrops, Events, Campaigns)5% reserved for the Development TeamBeyond trading, the token serves several utilities:Staking for passive rewardsToken generation within the ecosystemDistributed as rewards for community tasksListed on both DEXs and CEXs, including Cetus and MEXCCommunity Power: The Heart of MIUOne of MIU’s strongest assets is its passionate and active community. With over 20,000 followers on Twitter, the “MIU Army” doesn’t just buy the token—they create content, engage with new users, and actively support the project’s growth.This isn’t a passive fanbase—it’s a movement.Is MIU Just Another Meme Coin?While it began as a meme project, MIU offers serious tools like staking, token generation, and token locking—features that deliver real utility to users. Plans are underway to integrate MIU token as a required fee for accessing these tools, turning it into a true ecosystem token.MIU in the Eyes of the Media and AnalystsNow listed on CoinGecko and CoinMarketCap, MIU has recently gained attention from crypto media outlets such as Bitrue and InsideBitcoins. These platforms have praised MIU’s rapid growth and utility, but also caution investors about its high supply and lack of vesting, which could lead to volatility.The takeaway? MIU rewards long-term believers who understand the project’s vision.Looking Ahead: MIU’s Roadmap for 2025 and BeyondThe MIU team has outlined a clear roadmap for continued growth:Transitioning to DAO governance for more democratic community controlExpanding beyond the Sui network through new partnershipsHosting global events to engage and grow the MIU ArmyIf these goals are met, MIU Coin has the potential to move beyond meme status and establish itself as a lasting Web3 ecosystem.Conclusion:MIU Coin stands out as one of the most vibrant, community-driven, and forward-thinking projects on the Sui blockchain. With transparent tokenomics, practical tools, and an enthusiastic user base, MIU is more than a trend—it’s a movement in the making.
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4 Apr 2025
Daily Market Summary with JrKripto 4 April 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 $82,300. While the $79,100 - $80,763 area stood out as a strong support area, BTC continued to retreat, sagging below the $85,600 level. A drop below the $83.763 level may cause the price to decline to the $80.763 support. However, if the $85,600 level is exceeded again, it may be possible for the upward movement to continue to the $90,700 level.Ethereum (ETH) is trading at $1,780. While the $1,800 region stands out as a critical support point, the price is trading below this level. A loss of the $1,780 level may increase the risk that ETH will retreat towards the $1,700 levels. On the other hand, in upward movements, exceeding the $1,900 level may help ETH recover towards the $2,000 level. A close above $2,000 could see ETH accelerate towards the $2,250, $2,534 and $2,721 levels.Crypto NewsEthereum developers have postponed the Pectra upgrade to May 7.Trump: Musk can stay as long as he wants, but he can leave in a few months, the work of the DOGE will continue after Musk leaves.The SEC has accepted the application for the Fidelity Solana ETF.WisdomTree Expands its Corporate Tokenized Fund Platform to Arbitrum, Avalanche, Base and OptimismSenator Ted Cruz has introduced a bill to encourage entrepreneurs to use waste natural gas for mining.CryptocurrenciesThose Who Have Risen The Most:SAROS →increased by 22.0% to $0.1487.GRASS →jumped 21.5% to $1.89.DGB → increased by 18.9% to $ 0.0108.ZRO →jumped 15.7% to $2.93.AIC → increased by 13.0% to $0.1638.The Ones Who Fell The Most:The PI → fell by 16.3% to $0.5118.AERO → fell 13.2% to $0.3488.WAL-MART fell 11.5% to $0.4983.IBERA → fell 10.8% to $5.55.BERA → fell 10.6% to $5.52.Other Data:Fear Index:Bitcoin: 29 (Fear)Dominans:Bitcoin: 62.99% ▲ 0.28%Ethereum: 8.29% ▼ 0.67%Total Net ETF Inflows Per Day BTC ETFs: -99.80 Million$ ETH ETFs: -3.60 Million$ Data to Follow Today14:00 - USAAverage Hourly Earnings (Monthly) (March)Expectation: 0.3%Previous: 0.3%Non-Agricultural Employment (March)Expectation: 137KPrevious: 151KUnemployment Rate (March)Expectation: 4.1%Previous: 4.1%18:25 - USAFed Chairman Powell's SpeechGlobal MarketsUS stock indexes experienced their steepest decline since March 2020 after the announcement of the new customs duties. The S&P 500 lost 4.84%, the Dow Jones lost 3.98%, the Nasdaq lost 5.97%, and a total of $3.1 trillion in market capitalization melted down. Part of the $1.03 trillion of this loss came from the shares of the "Magnificent Seven", which includes large technology companies. Recession expectations rose rapidly due to the possible effects of tariffs on the economy, and investors turned to US government bonds as a safe haven. the 10-year US bond rate fell below the 4.00% level, while 2-year bonds fell 15 basis points to close at 3.69%.While the US tariffs have been met with retaliatory statements from countries such as the European Union, Canada and France, President Donald Trump has indicated that he may open the tariffs for negotiations. While uncertainty is increasing in global markets, the importance of employment data in the United States has increased even more. The Non-Agricultural Employment data, which will be announced at 15:30 TSI, is expected to show an increase of 137,000 per month. While Asian stock markets are negative, European stock markets are expected to start the day with a decline.In the US, the ISM services index fell by 2.7 points to 50.8 in March and continued to remain in the expansion zone (expectation: 52.9). The business activity index increased by 1.5 points to 55.9, while the new orders index remained at 50.4 and decreased by 1.8 points compared to February. The employment index fell into contraction territory for the first time in the last six months, falling from 53.9 to 46.2. The supplier delivery time index decreased from 53.4 to 50.6, indicating that deliveries were slowing down. The price index continued to remain above the 60 level, but fell by 1.7 points on the month to 60.9.Weekly applications for unemployment benefits in the United States fell by 6 thousand people to 219 thousand in the week ended March 29 (expectation: 225 thousand). The four-week average decreased by 1250 people to 223 thousand. Ongoing applications increased by 56 thousand people to 1.9 million and reached their highest level since November 2021. The insured unemployment rate increased from 1.2% to 1.3%.The US foreign trade deficit decreased by $ 8 billion to $ 122.7 billion in February. Goods exports increased by $ 8.3 billion, while services exports fell by $ 400 million. Imports of goods decreased by $ 500 million, while imports of services increased by $ 500 million.While the US influence continues on global stock markets, raising customs duties increases inflation and growth-oriented risks. These developments, which put pressure on the US economy in particular, increase uncertainty in the markets and significantly reduce investors' risk appetite.The Most Valuable Companies and Their Stock PricesApple (AAPL) → market capitalization of $3.05T, price per share is $203.19, a decrease of 9.25%.Microsoft (MSFT) → market capitalization of $2.77T, price per share is $373.11, a decrease of 2.36%.NVIDIA (NVDA) → market capitalization of $2.48T, price per share is $101.80, a decrease of 7.81%.Amazon (AMZN) → market capitalization of $1.89T, price per share is $178.41, a decrease of 8.98%.Alphabet (GOOG) → market capitalization of $1.85T, price per share of $152.63, a decrease of 3.92%.Borsa IstanbulAlthough there was a positive opening in Borsa Istanbul yesterday, the BIST-100 index ended the day with a loss of 0.4% due to an accelerating sales wave abroad. While the weak momentum is expected to continue, technically the 9,420 and 9,300 levels can be viewed as support, while the 9,620 and 9,800 levels can be viewed as resistance. Today's US employment data will be important for the markets. While the weakness signals in the global economy increased, Turkey's 5-year CDS premium increased to 325 basis points. This increase in CDS reflects the impact of internal risks as well as global uncertainty caused by the United States.Domestically, inflation in March was below expectations with a monthly rate of 2.46%. Annual inflation decreased by about 1 percentage point to 38.1%. Cumulative price growth reached 10.1% in the first quarter, while annual inflation fell by 6.3 percentage points in total due to the base effect. Core inflation indicators also recorded a significant decrease on an annual basis. The B index inflation fell to 37.0% and the C index inflation fell to 37.4%, the lowest level since December 2021. However, managed prices and exchange rate effects may put pressure on inflation in the future. Today, the real effective exchange rate data will be announced in Turkey and the Ministry of Commerce will publish the provisional foreign trade statistics for March.The fact that inflation data came in below expectations yesterday caused short-term purchases in bank shares during the session. April May be disrupted by the inflation trend and global risks due to the expectation that the bank's shares lost more than 1%, while the BIST-100 index closed the day with a 0.4% decline. In the coming days, analyst forecasts for bank balance sheets, which will be announced at the end of the month, will have an impact on the market. On the last trading day of the week, BIST is expected to remain under selling pressure due to uncertainties in global markets.The BIST-100 index followed a generally weak course yesterday and closed at 9,523. The weak trend continues despite short-term recovery efforts. while the 9.738-9.895 band is followed as a close resistance, a move towards the 10.197 level can be supported if these levels are exceeded. The fact that the index remains above the support zone of 9.473-9.415 creates limited optimism. However, if this region is sagging below, the 9.221-8.870 support region may be on the agenda again. Support levels 9.473/9.415 - 9.221 - 9.044 - 8.870, the resistance levels are 9.738 - 9.895 - 9.953 - 10.167/10.197 - 10.323 it can be monitored as.The Companies with the Highest Market Capitalization in Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of TL 1.09 trillion, price per share is TL 319.50, a decrease of 1.54%.Aselsan Electronics Industry (ASELS) → Market value of TL 534.89 billion, price per share is TL 117.00, a decrease of 0.26%.Garanti Bank of Turkey (GARAN) → Market capitalization of TL 478.8 billion, price per share is TL 110.50, a decrease of 3.07%.Turkish Airlines (THYAO) → market value of TL 419.52 billion, price per share is TL 305.75, an increase of 0.58%.Koç Holding (KCHOL) → Market value of TL 412.34 billion, price per share is TL 161.60, a decrease of 0.62%.Precious Metals and Foreign Exchange PricesGold: 3787 TL Silver: 38.11 TL Platinum: 1151 TL Dollar: 38.00 TL Euro: 42.15 TL Hope to meet you again tomorrow with the latest news!
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4 Apr 2025
Daily Market Summary with JrKripto 3 Nisan 2025
Welcome to today’s edition of “Daily Market Update with JrKripto,” where we highlight the most important developments in both global and local markets. Let’s dive into the current market conditions and explore the latest outlooks.Cryptocurrency Market OverviewBitcoin (BTC) is currently trading at $83,350. The $79,100 to $80,763 range stands out as a strong support zone. After slipping below the $85,600 resistance, BTC continues its downward move. If it fails to hold above $83,763, the price could retreat toward the $80,763 support. However, if Bitcoin regains momentum and breaks back above $85,600, the uptrend could extend toward the $90,700 level.Ethereum (ETH) is trading around $1,800. The $1,900 level is being watched as a critical resistance. A drop below $1,800 could increase the risk of a decline toward $1,700. On the upside, breaking above $1,900 could help ETH recover toward $2,000. Sustained closes above $2,000 may fuel further gains toward $2,250, $2,534, and $2,721.Key Crypto NewsIndia’s public enterprise Jerking's Board approved a fundraising initiative to purchase Bitcoin.Justin Sun rescued the TUSD stablecoin, which faced a $500 million deficit due to a large-scale fraud case.Bloomberg reported that Donald Trump is expected to announce the most aggressive global tariffs in a century.Justin Sun also announced the bankruptcy of First Digital Trust and urged users to secure their assets immediately.Fidelity has launched a retirement plan allowing direct investment in cryptocurrencies.Trump’s proposed 25% tariffs on automobile imports would cover nearly $600 billion in auto parts and computer components.The U.S. will impose a 10% base tariff on all countries starting April 5, with higher tariffs on selected countries beginning April 9.Top GainersSAROS → Up 31.2%, reaching $0.1153UXLINK → Up 19.7%, reaching $0.4836W → Up 11.1%, reaching $0.0841DGB → Up 7.4%, reaching $0.0090CHEEMS → Up 7.3%, reaching $0.00000162Top LosersFARTCOIN → Down 25.4%, at $0.3866SPX → Down 17.1%, at $0.4256GRASS → Down 16.5%, at $1.56HYPE → Down 14.7%, at $11.52EIGEN → Down 13.4%, at $0.7719Market Sentiment and MetricsBitcoin Fear Index: 32 (Fear)Bitcoin Dominance: 62.71 percent (slightly down)Ethereum Dominance: 8.33 percent (slightly up)Key Economic Data (U.S. Time)15:30 – Initial Jobless ClaimsForecast: 225K | Previous: 224K16:45 – Services PMI (March)Forecast: 54.3 | Previous: 51.017:00 – ISM Non-Manufacturing PMI (March)Forecast: 53.0 | Previous: 53.5Global Market SummaryU.S. indices ended the day higher, driven by expectations surrounding President Trump’s new tariffs. However, futures markets dropped sharply following the announcement of steeper-than-expected tariffs.Highlights include:Tariffs of 34 percent on China, 20 percent on the European Union, 24 percent on Japan, and 46 percent on Vietnam. Canada and Mexico are exempt.A 10 percent base tariff will take effect on April 5. Higher country-specific tariffs will begin on April 9.A 25 percent tariff on car imports will be implemented at midnight.Recession fears resurfaced, pushing bond yields lower. The 2-year U.S. Treasury yield fell to 3.86 percent, and the 10-year yield dropped to 4.13 percent.The U.S. Dollar Index fell to 102.8, its lowest since October, while the EUR/USD pair rose to 1.095.Oil prices fell by 2.4 percent to $73.1 per barrel. Gold hit a record high of $3,168 per ounce before retreating to $3,130.Economic data from the U.S. was mixed. Private payrolls grew by 155,000 in March, beating expectations, though mining, trade, and transport sectors saw job losses. Durable goods orders rose 1.0 percent in February, while factory orders climbed 0.6 percent. Mortgage applications declined for a third consecutive week, falling 1.6 percent. China’s Caixin Services PMI rose to 51.9. Today’s focus is on U.S. ISM services data and weekly jobless claims, as well as final services PMI figures from the Eurozone and the UK.Top U.S. Companies by Market CapApple (AAPL): $3.36T | $223.89 (+0.31%)Microsoft (MSFT): $2.84T | $382.14 (-0.01%)NVIDIA (NVDA): $2.69T | $110.42 (+0.25%)Amazon (AMZN): $2.08T | $196.01 (+2.00%)Alphabet (GOOG): $1.92T | $158.86 (-0.01%)Borsa Istanbul UpdateInvestor sentiment remains subdued at Borsa Istanbul, and global market uncertainty may add further pressure today. The BIST 100 is likely to test support in the 9,300–9,400 range, with resistance seen at 9,650 and 9,800.Turkey’s March Manufacturing PMI fell by 1.0 point to 47.3, the lowest since October, reflecting weaker demand. Bloomberg HT's Consumer Confidence Index also declined by 4.40 percent to 73.70. February inflation was 2.27 percent monthly and 39.1 percent annually. March inflation is expected at 2.7 percent monthly and 38.4 percent annually, though market expectations are slightly higher.Yesterday, the BIST 100 closed lower due to losses in retail and aviation stocks, while mining and REIT stocks outperformed. If March inflation surprises to the downside, bank stocks may benefit slightly. On the other hand, heightened trade war risks could weigh on market sentiment. However, Turkey’s relatively favorable tariff status compared to other emerging markets could improve its long-term investment outlook.The index closed at 9,523 yesterday, maintaining a weak trend. If the 9,738–9,895 resistance zone is breached, a move toward 10,197 could be supported. However, to sustain upward momentum, the 9,473–9,415 support zone must hold. Failing that, the 9,221–8,870 range may come into focus.Top Market Cap Stocks on Borsa IstanbulQNB Finansbank (QNBTR): ₺1.05 trillion | ₺320.00 (+2.56%)Aselsan (ASELS): ₺539.45 billion | ₺117.20 (-0.93%)Garanti Bank (GARAN): ₺491.82 billion | ₺117.20 (+0.09%)Turkish Airlines (THYAO): ₺420.9 billion | ₺306.50 (+0.49%)Koç Holding (KCHOL): ₺406.76 billion | ₺162.30 (+1.18%)Precious Metals and Currency Rates (TRY)Gold: 3,819Silver: 41.28Platinum: 1,197US Dollar: 37.95Euro: 41.64That’s a wrap for today’s market insights. See you again tomorrow with fresh updates and analysis from global markets and the crypto space.
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3 Apr 2025
Historical Customs Duties and Trump's Stunning Statements
In a highly anticipated press conference on April 2nd, U.S. President Donald Trump unveiled a comprehensive set of tariff regulations aimed at reshaping the global trade landscape. Holding a detailed chart as he approached the podium, Trump announced new tariff rates targeting a range of countries, including China, the European Union, Turkey, and the United Kingdom.At the core of his speech was a commitment to "reinvigorating the American economy" and "recovering lost jobs." Trump also addressed broader political issues and international relations, delivering striking messages on current global challenges. LIST OF US RECIPROCAL TARIFF RATES NEW TARIFFS: WHO WILL BE AFFECTED AND HOW MUCH?According to the list presented by Trump, imports from China will now face a 34% tariff. When combined with a previously announced 20% duty, the total tariff on Chinese goods rises to 54%.Here’s a breakdown of the new tariffs:China: 54% (34% new + 20% previous)European Union: 20%Japan: 24%United Kingdom: 10%Turkey: 10%Trump described these tariffs as part of a principle he called “reciprocal or respectful reciprocity,” blaming long-standing “unfair” trade policies by other nations for the tough new measures.STRONG MESSAGES TO CANADA AND MEXICOTrump opened his remarks with pointed criticisms of Canada and Mexico. Highlighting that “Canada imposes a 300% tariff on dairy products,” he called this policy “absolutely unfair.” As for Mexico, Trump condemned the $200 billion in annual economic aid sent without any meaningful return to the U.S.“We’re accumulating massive debt because we’ve been subsidizing these countries for decades,” he said, emphasizing that the U.S. will now prioritize its own citizens and industries.UNFAIR TRADE PRACTICES: “THEY TAKE FROM US BUT GIVE NOTHING BACK”Another key point in Trump’s address was the imbalance in international tariffs. From Australian beef imports to Japan’s high duties on rice, he cited numerous examples of what he called skewed trade practices.He claimed that countries like China, Japan, Taiwan, India, and the EU have harmed the U.S. economy by aggressively protecting their own industries. For instance, Taiwan imposes a 64% tariff on some goods, while the U.S. only levies 32% in return. “If they want 64%, we can match that,” Trump said, “but for now, we’ll settle for 32%.”REVIVING AMERICAN INDUSTRYTrump argued that the new tariff policies would ignite a manufacturing revival in the United States. He outlined major investment plans from global tech giants, automakers, and chip manufacturers:Apple is planning a $500 billion investment.Taiwanese chip manufacturers are considering a $200 billion factory project.He claimed this would lead to the reopening of shuttered factories and the creation of thousands of jobs, particularly in the auto sector. “We’re going to turn this country into an industrial paradise,” he said, emphasizing that his plan supports not just big corporations, but also unions and small manufacturers.UKRAINE, THE MIDDLE EAST, AND GLOBAL CONFLICTSWhile the focus was on economic reforms, Trump also briefly touched on geopolitical issues, including Russia, Ukraine, the Middle East, and Houthi rebels. “On top of these tariffs, we’re also dealing with international crises,” he said.Though he didn’t provide detailed solutions, statements like “we’re sinking ships” suggested ongoing U.S. military operations. Trump emphasized the importance of managing both economic and political battles simultaneously, calling it “an intense but necessary process.”“SLEEPY JOE” AND ECONOMIC CONTRASTSTrump didn’t hold back in criticizing President Joe Biden. “During Sleepy Joe’s term, we lost thousands of jobs, ran up historic trade deficits, and faced a migrant surge,” he said. In contrast, Trump claimed his own policies are aimed at reducing inflation, boosting production, and tightening border security.He highlighted the sharp drop in egg prices—“a 59% decrease”—as evidence that his agricultural policies are working, giving credit to his Secretary of Agriculture.IMMIGRATION POLICY: “COME LEGALLY, OUR DOORS ARE OPEN”On immigration, Trump took a firm stance. He reiterated that foreign nationals who commit crimes should not be tolerated and accused “radical judges” of hampering enforcement efforts.Still, he acknowledged the potential labor needs in factories and industry. “For those who want to come legally and love this country, our doors are open,” he said, positioning legal immigration as a way to strengthen the U.S. economy.TAX CUTS AND THE DEFICIT PLANTrump announced work on a new legislative package: “If you buy an American-made car, we’ll offer interest rate discounts and easier credit. That will boost domestic production.” One of his main goals is to make tax cuts permanent and eliminate the national deficit.Calling it the “largest legislative package in U.S. history,” he acknowledged it may not please everyone, but insisted it would bring immense benefits to the nation.A NEW ERA FOR THE U.S. ECONOMY?Trump’s April 2nd speech wasn’t just about tariffs. It marked a bold redefinition of America’s role in global trade. He vowed to end “one-sided arrangements” and make the country “wealthy again.”What impact will these controversial tariffs have on international trade balance, economic growth, and global markets? The answers will unfold in the months ahead. But one thing is clear: President Trump is promising a radical transformation in economic and trade policy.With sweeping investment plans, revised tariffs, tax incentives, and strict immigration rules, this new phase is expected to spark significant changes—particularly in manufacturing. Both global markets and American businesses will be closely watching to assess the real effects of these historic announcements.Trump has made it clear: his “America First” strategy is here to stay.
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3 Apr 2025