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Daily Market Summary with JrKripto August 5, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.After declining throughout last week, Bitcoin kicked off the new week with a rebound. Having dropped to $111,920, BTC is now trading around the $114,000 level. Support is seen at $113,500 on the lower end. In the short term, Ethereum is targeting the $116,200 level.The target highlighted in yesterday’s bulletin was reached within the same day, reflecting a sustained positive market structure. ETH, which climbed to $3,730, is now eyeing the $4,000 region, as long as it holds above the $3,500 support level.Crypto NewsBitmine, chaired by renowned investor Tom Lee, continues to purchase Ether. The company has acquired an additional 208,000 ETH since last week, bringing its total holdings to 833,000 ETH.The Strategy purchased 21,020 BTC between July 28 and August 3.Nasdaq-listed company Verb Technology announced its TON treasury strategy with a $558 million investment.The EU will suspend trade measures against the US for 6 months.$1.1 trillion was added to the US stock market yesterday.The CFTC will launch an initiative to "buy and sell spot crypto asset contracts."CryptocurrenciesTop Risers:MNT → Up 22.7% to $0.8939078LTC → Up 11.7% to $124.14FLUID → Up 11.2% to $5.58M → Up 10.6% to $0.54350284PUMP → Up 10.5% to $0.00318824Top Fallers:SAROS → Down 7.1% to $0.37846208TON → Down 5.6% to $3.35TRIBE → Down 5.6% to $0.57204557FRAX → Down 4.5% to $2.80ZBCN → Down 4.0% to $0.00507614Fear Index:Bitcoin: 60 (Greed)Ethereum: 42 (Fear)Dominance:Bitcoin: 61.59% ▲ 0.27%Ethereum: 11.92% ▼ 1.07%Total Daily Net ETF InflowsBTC ETFs: -$323.50 MillionETH ETFs: -$465.10 MillionGlobal MarketsRising expectations of a Fed interest rate cut, progress in trade negotiations, and positive corporate news are all supporting global markets. U.S., European futures, and Asian stock markets are trading higher this morning.The VIX index, which had climbed to 20.38 on Friday, dropped to 17.52 yesterday, signaling a decline in market anxiety.In the U.S., durable goods orders fell by 9.4% in June, while new orders excluding transportation saw only a modest increase of 0.2%. Service sector data will be released today. In July, the composite PMI stood at 54.6 and the services index at 55.2—both indicating growth. The ISM services index for July is expected to come in at 51.5.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.39 trillion market capitalization, $180.00 per share, up 3.62%.Microsoft (MSFT) → $3.98 trillion market capitalization, $535.64 per share, up 2.20%.Apple (AAPL) → $3.04 trillion market capitalization, $203.35 per share, up 0.48%.Alphabet (GOOG) → $2.36 trillion market capitalization, $195.75 per share, up 3.05%. Amazon.com (AMZN) → $2.26 trillion market capitalization, $211.65 per share, fell 1.44%.Borsa IstanbulThe monthly CPI (CPI) fell 2.06% in July, below both our and market expectations. This brought annual inflation down to 33.5%. Core inflation indicators also declined, with the B index reaching 33.8% and the C index reaching 34.7%. The Central Bank of the Republic of Turkey (CBRT) real effective exchange rate and seasonally adjusted data from TurkStat (Turkish Statistical Institute) will be monitored today.Following the lower-than-expected inflation data, the BIST-100 index rose 1% yesterday, led by banking stocks. However, it retreated 0.7% from its intraday peak. The BIST-100 is expected to maintain its upward trend.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 2.04 trillion TL, price per share of 669.5 TL, increased by 9.93%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 859.56 billion TL, price per share of 186.4 TL, decreased by 1.11%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 637.56 billion TL, price per share of 151.9 TL, increased by 0.07%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 460.77 billion TL, price per share of 181.2 TL, decreased by 0.28%.ENKA İnşaat ve Sanayi (ENKAI) → Market capitalization of 409.75 billion TL, price per share of 71.00 TL, increased by 1.57%.Precious Metals and Currency PricesGold: 4402 TLSilver: 49.03 TLPlatinum: 1749 TLDollar: 40.68 TLEuro: 47.01 TLWe look forward to bringing you the latest updates again tomorrow.
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5 Aug 2025
Daily Market Summary with JrKripto August 4, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Let's analyze general market conditions together and take a look at the latest valuations.Bitcoin started the new week with a rise in reaction after spending the last week in a decline. BTC, which has fallen to the level of $ 111,920, is currently trading in the region of $ 114,000.itcoin started the new week with a rise in reaction after spending the last week in a decline. BTC, which has fallen to the level of $ 111,920, is currently trading in titcoin started the new week with a rise in reaction after spending the last week in a decline. BTC, which has fallen to the ln.Crypto NewsMarkets have begun fully pricing in two Fed rate cuts by the end of 2025.The SEC will hold crypto 'roundtables' across the US.Fed member KUGLER will resign on August 8.Trump: Firing Powell would shake the market.CryptocurrenciesTop Risers:M → Up 16.3% to $0.49140386ENA → Up 13.2% to $0.61483895KTA → Up 11.5% to $1.07CVX → Up 11.0% to $4.28XLM → Up 9.5% to $0.41381391Top Fallers:PI → Down 4.7% to $0.35611547BDX → Down 3.2% to $0.07316175IP → Down 2.9% to $6.00TKX → Down 2.3% to $5.20IOTX → Down 2.2% to $0.02858162Fear Index:Bitcoin: 59 (Greed)Ethereum: 49 (Neutral)Dominance:Bitcoin: 62.02% ▼ 0.24%Ethereum: 11.64% ▲ 0.86%Total Daily Net ETF InflowsBTC ETFs: -$812.30 MillionETH ETFs: -$152.30 MillionGlobal MarketsWhile US July employment data released on Friday fell short of expectations, sharp downward revisions to June data and the unemployment rate rising from 4.1% to 4.2% caused sell-offs in global stock markets. Following the data, US bond yields, the dollar index, and oil prices declined. However, on the first day of the week, global risk appetite is recovering as expectations for a Fed rate cut rise again and progress is being made in trade negotiations. Buying is notable in US and European futures indices, as well as in Asian stock markets excluding Japan.Following the employment data, Trump fired the Commissioner of the Bureau of Labor Statistics. Furthermore, Fed Member Adriana Kugler resigned before her term expired. These developments raised questions in some market circles about the reliability of the data and the Fed's independence.The VIX index rose to 20.38 on Friday. A sustained reading of 21-22 this week suggests that selling pressure may persist, while a drop below 20 suggests that the reactionary selling may be temporary.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.24 trillion market capitalization, $173.72 per share, fell 2.33%.Microsoft (MSFT) → $3.9 trillion market capitalization, $524.11 per share, decreased by 1.76%.Apple (AAPL) → $3.02 trillion market capitalization, $202.38 per share, decreased by 2.50%.Alphabet (GOOG) → $2.29 trillion market capitalization, $189.95 per share, decreased by 1.51%.Amazon.com (AMZN) → $2.28 trillion market capitalization, $214.75 per share, decreased by 8.27%.Borsa IstanbulExports increased by 11% to $25 billion in July, while imports increased by 5.4% to $31.4 billion. The foreign trade deficit narrowed by $6.4 billion compared to the previous year. The seven-month deficit is $55.9 billion, while the annual deficit is $88.3 billion. Seasonally adjusted data also point to an improvement in the foreign trade balance.The Manufacturing PMI index fell to 45.9 in July, and demand remains weak. The Istanbul CPI increased by 2.62% in July, representing a 42.5% annual increase. The CPI data, to be released today at 10:00 am, is the most important market agenda for the week. Monthly inflation is expected to be 2.3% and annual inflation is expected to be 33.9%.The BIST-100 closed last week slightly higher at 10,500, with buying activity. On Friday, selling was seen abroad following the weak US employment data. A lower-than-market inflation rate today could lead to buying in the BIST. However, we expect a flat start to the week. Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.86 trillion TL, price per share of 609.0 TL, increased by 9.93%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 840.86 billion TL, price per share of 185.8 TL, increased by 0.76%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 611.1 billion TL, price per share of 150.9 TL, increased by 3.71%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 462.55 billion TL, price per share of 184.3 TL, increased by 1.04%.ENKA İnşaat ve Sanayi (ENKAI) → Market capitalization of 403.88 billion TL, price per share of 69.85 TL, increased by 1.38%.Precious Metals and Currency PricesGold: 4388 TLSilver: 48.68 TLPlatinum: 1725 TLDollar: 40.67 TLEuro: 47.11 TLWe look forward to bringing you the latest updates again tomorrow.
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4 Aug 2025
Trump's New Tariffs Hit Crypto: A Liquidation Wave Ensues
Crypto markets had a rather stressful start to August. US President Donald Trump's announcement of new tariffs and the strengthening of the dollar unsettled investors. A sell-off in global markets saw cryptocurrencies bear the brunt of this pressure. The global crypto market capitalization fell approximately 4% to $3.74 trillion, with more than 183,000 investors liquidating and closing positions totaling $758 million.Bitcoin hits $114,000, Ethereum drops below $3,600Bitcoin's price fell to $114,200 following Trump's statements. Although it quickly recovered to above $115,000, volatility remained high. Ethereum (ETH), despite being one of last month's biggest gainers, traded in lockstep with BTC, falling sharply from $3,860 to $3,600. During this period, the dollar index (DXY) rose above 100, its highest level since May. This rise was supported by the global liquidity squeeze and the search for safe havens. According to CoinGlass data, this selling wave in the last 24 hours resulted in a total of $758 million in liquidations. Long positions comprised 93% of these liquidations, or $706.6 million. The largest single liquidation was a $13.79 million ETHUSD_PERP position on Binance. This suggests that many investors expected the bull run to continue in August, but the markets moved in the opposite direction.According to market data, Bitcoin recorded profits of between $6 billion and $8 billion at the end of July. This figure is on par with the peaks in March and December 2024 and indicates the third major wave of profit-taking in this bull cycle. New large investors (whales) are seen selling, particularly in areas above $120,000. Bitcoin is trading at $115,035 at the time of writing, while the fear and greed index is neutral.Altcoins are losing ground: DOGE, ADA, and SUI crashedAltcoins' losses have been even more severe. XRP and Solana prices have fallen by more than 7%, while Cardano (ADA) has lost 8% and SUI by 10%. Dogecoin (DOGE) fell 9% to $0.205. Ethereum, the largest altcoin, is trading at $3,627 with a 6% loss.CryptoQuant reports a boom in altcoin futures trading. While Bitcoin dominance has been flat, futures volumes for coins like Ethereum have increased significantly. ETH is up 170% from its recent lows and is only 23% from its peak. Meanwhile, BTC transactions below $10,000 have increased by 10% in the past month, indicating a resurgence of retail investor interest.Trump's new tariffs: Tensions rising in the global economyTrump's new tariff announcements have further escalated tensions in global trade. The US's imposition of a 10% minimum tariff on all countries, along with a 15% additional tax on countries with a trade surplus, has shaken markets. These developments have impacted not only cryptocurrencies but also traditional finance. S&P 500 futures fell nearly 1% Friday morning. Amazon shares also fell 8% in premarket trading after the earnings report fell short of expectations.The failure of major companies like Microsoft and Meta to satisfy investors despite their strong balance sheets has further weakened risk appetite. Meanwhile, today's US employment data is also critical for markets. Only 100,000 new jobs are expected in July, and the unemployment rate is projected to rise to 4.2%.Trump's aggressive economic moves and the Fed's decision to hold interest rates steady have left markets mired in uncertainty. Cryptocurrency investors are currently caught between two fires: concerns about inflation and interest rate policy on one side, and the re-escalation of global trade wars on the other. In the short term, volatility is expected to remain high, prompting cautious investment behavior.
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1 Aug 2025
Daily Market Summary with JrKripto August 1, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin has moved away from the range it established at the ATH. The decline following the announcement of global tariffs has closed the CME gap for BTC. The $114,000 area appears to be the first short-term support area. Below this level, the $111,800 area serves as the support area. The first upward move will target the $116,000 resistance level.Ethereum, on the other hand, remains stronger than BTC. Still trading within a wide resistance band, ETH is in positive territory up to the $3500 support level. Below this area, support lies at $3200.Crypto NewsCircle will add native $USDC to Hyperliquid, enabling direct deposits and withdrawals.The SEC announced the launch of a project-crypto initiative to modernize securities rules and move markets on-chain.SEC Chairman: Most crypto assets are not securities.SEC Chairman Atkins: I have instructed Commission staff to develop clear rules for crypto distribution, custody, and trading.The Ethereum Foundation announced its goals for the next 10 years: It will work to reach a throughput of 10,000 transactions per second (TPS) and make the network quantum-resistant.VanEck filed an updated version of its spot Solana ETF S-1 application.MicroStrategy filed for a $4.2 billion STRC offering and plans to purchase Bitcoin with the proceeds.Apple's earnings report exceeded expectations.CryptocurrenciesTop Risers:M → Up 13.7% to $0.36795594SAROS → Up 5.3% to $0.38112247ZORA → Up 5.2% to $0.07249998TKX → Up 2.8% to $5.03TFUEL → Up 1.2% to $0.03802554Top Fallers:REKT → Down 25.6% to $0.000991406USELESS → Down 21.1% to $0.24320178KTA → Down 19.6% to $0.94815464SPX → Down 17.6% to $1.64WEMIX → Down 16.9% to $0.76597282.Fear Index:Bitcoin: 69 (Greed)Ethereum: 53 (Neutral)Dominance:Bitcoin: 61.85% ▲ 0.20%Ethereum: 11.94% ▼ 0.21%Total Daily Net ETF InflowsBTC ETFs: -$114.80 MillionETH ETFs: $17.00 MillionGlobal MarketsWe begin the last trading day of the week with weak risk appetite. The Fed kept interest rates steady but maintained its tight stance. PCE inflation data released yesterday exceeded expectations with 2.6% in the headline and 2.8% in the core.US and European stock markets finished the day lower. The decreased risk appetite following the Fed's decision created selling pressure on global markets.US President Trump approved new tariffs effective August 7th. The VIX index increased by 1.2 points to 16.72. Caution remains prevalent in the markets ahead of today's nonfarm payrolls data.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.34 trillion market capitalization, $177.87 per share, down 0.78%.Microsoft (MSFT) → $3.97 trillion market capitalization, $533.50 per share, up 3.95%.Apple (AAPL) → $3.1 trillion market capitalization, $207.57 per share, down 0.71%.Amazon.com (AMZN) → $2.49 trillion market capitalization, $234.11 per share, up 1.70%. Alphabet (GOOG) → $2.33 trillion market capitalization, $192.86 per share, experienced a 2.32% decline.Borsa IstanbulAccording to TÜRK-İŞ data, the hunger threshold increased by 1.1% month-over-month to 26,413 TL in July. The annual increase slightly decreased from 37.6% to 37.3%. The services PPI rose by 4.72% month-over-month and 37.40% year-over-year in June.The Treasury plans to pay a total of 859 billion TL in domestic debt during the August-October period. In August, domestic borrowing of 440.8 billion TL is targeted, compared to the 339 billion TL domestic debt service.Following the announcement of new tariffs by the US, risk appetite in global markets has slightly decreased. Turkey's tariff rate increased by 5 percentage points to 15%. However, the market impact of this increase is expected to be limited. The BIST-100 index closed at 10,743 yesterday, its highest since March 18th. Optimism may remain in the medium term, but a slight sell-off is possible today due to international influences. The market has begun to focus on the CPI data to be released on Monday.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.69 trillion TL, price per share of 554.0 TL, increased by 9.92%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 852.72 billion TL, price per share of 185.4 TL, decreased by 0.86%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 599.76 billion TL, price per share of 143.3 TL, increased by 0.35%.Koç Holding A.Ş. (KCHOL) → Market value 454.69 billion TL, price per share 183.8 TL, increased by 2.51%.ENKA Construction and Industry (ENKAI) → Market capitalization: 407.99 billion TL, price per share: 69.65 TL, increased by 0.07%.Precious Metals and Currency PricesGold: 4305 TLSilver: 47.60 TLPlatinum: 1662 TLDollar: 40.66 TLEuro: 46.50 TLWe look forward to bringing you the latest updates again tomorrow.
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1 Aug 2025
US Inflation Surprise: What Was the Crypto and Dollar Response?
The Personal Consumption Expenditures (PCE) Price Index, a key indicator of inflation in the US, rose above expectations in June. The core PCE, the Fed's most closely watched indicator, remained steady at 2.8%, but exceeded expectations, casting a shadow over interest rate cut hopes. Cryptocurrencies reacted negatively to this development.According to data published by the Bureau of Economic Analysis of the US Department of Commerce, headline PCE inflation rose to 2.6% year-over-year in June. This increase followed the revision of May's data from 2.3% to 2.4%. Core PCE, however, remained stable at 2.8%, exceeding expectations of 2.7%. Both figures increased by 0.3% month-over-month. The Fed will not rush to cut interest ratesPCE data is critical to the Fed's monetary policy because it reflects not only price increases but also consumer behavior. In light of the latest data, the likelihood of a rate cut has diminished for September. As you may recall, Fed Chair Jerome Powell, who left interest rates unchanged at 5.25%-5.50% at his July 30th meeting, said there would be no rush to cut interest rates and that future data should be awaited.In his speech, Powell sent a clear message to the markets, stating, "Tariffs are inflationary, employment is strong, upside risks to inflation remain dominant, and we will wait and see before we cut interest rates." These statements were a direct response to President Trump's calls for a rate cut. Trump, however, continues to criticize Powell, calling him a "dunce."Cryptocurrencies fall, stock markets remain on holdThe exceeding expectations of inflation data led to brief selling pressure in the crypto market. Bitcoin fell 0.11% to $118,327, Ethereum fell 0.75% to $3,815, and XRP fell 0.81% to $3.11. BNB fell 0.56%, and Solana fell 1.25% to $177.94. The total cryptocurrency market capitalization stood at $3.88 trillion at the time of writing.However, strong earnings reports from major companies like Microsoft and Meta yesterday may have eased some pressure on crypto assets. However, investors are now focusing on tomorrow's employment data. If these data are also strong, the Fed could be expected to maintain its high interest rate policy for an extended period, potentially leading to a sharper correction for crypto markets.Dollar strengthensFollowing the PCE data, the dollar recouped its losses during the day. The US Dollar Index settled around 99.90. On a weekly basis, the dollar strengthened against all major currencies, particularly the euro. The dollar gained 2.83% against the euro for the week, while it gained 1.58% against the British pound and 1.59% against the Japanese yen.
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31 Jul 2025
Daily Market Summary with JrKripto July 31, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade above this level. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 region could be targeted.Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in place since 2021. Having surged sharply to the $3,950 region, ETH has entered the trend zone. A breakout of this zone could lead to significant gains for Ethereum. In the event of a pullback, the $3,500 level will serve as support.Crypto NewsWorld Libertarian Financial invested $10 million in DWF Labs' Falcon stablecoin.Trump on tariffs: The August 1 deadline will not change, the decision is final.Coinbase and JPMorgan Chase announced a partnership to make crypto access even easier.The Fed left interest rates unchanged.Fed Board members Waller and Bowman voted against lowering the interest rate by a quarter point.Microsoft's earnings report exceeded expectations.META's earnings report exceeded expectations.21Shares filed an updated S-1 for the spot Solana ETF.CryptocurrenciesTop Gainers:PUMP → Up 28.5% to $0.0031519REKT → Up 19.7% to $0.00000113ZBCN → Up 16.0% to $0.00581345ENA → Up 14.9% to $0.66352026BRETT → Up 14.8% to $0.05914993Top Losers:EUL → Down 4.6% to $12.82SPX → Down 3.0% to $1.94TRX → Down 2.9% to $0.32527579TEL → Down 2.5% to $0.00522484JST → Down 2.5% to $0.03589195.Fear Index:Bitcoin: 73 (Greed)Ethereum: 62 (Greed)Dominance:Bitcoin: 61.41% ▼ 0.30%Ethereum: 12.17% ▲ 0.73%Total Daily Net ETF InflowsBTC ETFs: $47.10 MillionETH ETFs: $5.80 MillionGlobal MarketsThe Fed held interest rates steady as expected. Chair Powell stated that monetary policy was in good shape and did not signal an imminent rate cut. Following these statements, expectations for a September rate cut dropped from 68% to 35%. Bond yields and the dollar index rose, while stock markets experienced a slight sell-off. The VIX index rose as high as 17.24, but closed the day at 15.48. Two Fed members voted for a 25 basis point cut. The Fed reiterated that it would consider incoming data and economic risks in its decisions. Markets are starting the day cautiously but with a recovery effort.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.37 trillion market capitalization, $179.27 per share, increased 2.14%.Microsoft (MSFT) → $3.81 trillion market capitalization, $513.24 per share, increased 0.13%.Apple (AAPL) → $3.12 trillion market capitalization, $209.05 per share, decreased 1.05%. Amazon.com (AMZN) → $2.44 trillion market capitalization, $230.19 per share, decreased 0.35%.Alphabet (GOOG) → $2.38 trillion market capitalization, $197.44 per share, increased 0.51%.Borsa IstanbulThe domestic unemployment rate rose to 8.6% in June. The labor force participation rate has been flat for the last three months at 53.5%. The economic confidence index fell to 96.3 in July.The BIST-100 index found support at the 10,500 level yesterday. It followed a bullish trend, supported by banking, telecom, and automotive stocks. The strongest contributions came from Turkcell, Ford Otosan, and Koç Holding.The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (MPC) meeting summary and Turkish Statistical Institute (TÜİK) foreign trade data will be watched today. Market focus may shift to the July CPI data, which will be released next week. We expect the index to remain flat today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.54 trillion TL, price per share of 504.00 TL, increased by 9.92%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 822.17 billion TL, price per share of 183.2 TL, increased by 1.61%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 598.08 billion TL, price per share of 144.1 TL, increased by 1.19%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 442.51 billion TL, price per share of 177.3 TL, increased by 1.60%.ENKA İnşaat ve Sanayi (ENKAI) → Market capitalization of 403.59 billion TL, price per share of 69.70 TL, increased by 1.23%.Precious Metals and Currency PricesGold: 4303 TLSilver: 48.26 TLPlatinum: 1718 TLDollar: 40.58 TLEuro: 46.44 TLWe look forward to bringing you the latest updates again tomorrow.
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31 Jul 2025
Crypto Investors on Hold: Fed Didn't Signal a Cut in September
The US Federal Reserve (Fed) kept its policy rate steady, in line with expectations. However, markets' attention isn't solely on this decision; Chairman Jerome Powell's statements, Personal Consumption Expenditures (PCE) inflation data to be released on Thursday, and the White House's crypto policy signals stand out as a trio of factors that could determine the course of crypto assets.No change in interest rates as expectedYesterday, the Fed announced that it was keeping interest rates steady. According to CME FedWatch and Polymarket data, markets had been preparing for this decision days in advance. While keeping interest rates unchanged at 4.25% initially triggered a decline in the crypto market, these losses were quickly recouped. Bitcoin was trading at $118,000 before the decision, but afterward, it fell to $116,000 and then rebounded to $118,400. Ethereum followed a similar trend. Trump's clear message to the Fed: "Interest rates must fall"Another noteworthy element following the decision was President Donald Trump's social media post: "There's no inflation, lower interest rates now!" This call also fueled debate about the Fed's independence. Two key figures within the Fed—Trump-appointed Vice Chair Michelle Bowman and Board Member Christopher Waller—voted to cut interest rates. This was the first "vote" on an interest rate decision in 30 years. A double-edged impact for cryptosAccording to Orbit Markets co-founder Jimmy Yang, these questions about the Fed's independence could create a narrative in favor of decentralized assets like Bitcoin in the long run. "This makes crypto more attractive, especially as a hedge against inflation," Yang said, noting that the July CPI data and Trump's tariff decisions may create short-term volatility but have laid a constructive foundation for Bitcoin in the medium to long term. According to Nansen analyst Nicolai Sondergaard, call spreads for Bitcoin are seen in the $118,000-$120,000 range in the options market. This suggests that investors are anticipating an upward move but are taking positions with a risk-averse approach. The low put/call ratio also confirms an "optimistic but cautious" atmosphere in the market.Are new highs possible?Institutions such as QCP Capital and Sygnum Bank state that Bitcoin is stuck in the $116,000-$120,000 range. However, Sygnum analyst Katalin Tischhauser says that if the PCE data to be released on Thursday falls short of expectations and the White House takes positive steps regarding crypto policies, BTC could rise above $120,000 and enter a phase of "price discovery." Actions such as the White House's "golden age of crypto" report could particularly boost market morale. Powell's failure to provide a clear signal for September in yesterday's remarks has exacerbated market uncertainty. He placed the focus on economic data, stating, "We haven't made a decision yet for September," and highlighted the importance of the July CPI and the impact of August's tariffs. Currently, the probability of a September interest rate cut fluctuates between 40% and 60%. This rate was above 60% before the decision.While the Fed's cautious stance has deferred expectations for a rate cut, this situation supports a "slow but strong rally" scenario in the crypto market. As long as liquidity remains plentiful, crypto investors can remain on solid ground even without a rate cut.
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31 Jul 2025
Daily Market Summary with JrKripto July 30, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade above this level. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 region could be targeted.Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. Having surged to the $3,950 region with sharp increases, ETH has entered the trend zone. A breakout of this zone could lead to significant gains for Ethereum. In the event of a pullback, the $3,500 level will serve as support.Crypto NewsBitmine, which has attracted attention with its Ether purchases, will repurchase $1 billion of the company's shares.PUMPFUN will increase its token buybacks and allocate 100% of its daily revenue to buybacks. Standard Chartered: Companies buying ETH are just starting out. We expect this figure to increase tenfold from the current level. Their purchases could reach 10% of the ETH in circulation.eToro will launch tokenized US stocks on the Ethereum blockchain.The SEC has accepted an application to allow staking for the BlackRock Spot Ethereum ETF.Trump has given Russia 10 days to reach an agreement with Ukraine.BlackRock predicts the Federal Reserve will not cut interest rates tomorrow.*STRATEGY completed its $2.52 billion STRC IPO and used the proceeds to purchase 21,021 Bitcoin for $117,256.The SEC has approved Bitcoin and Ethereum spot ETFs to be traded in crypto instead of cash.CryptocurrenciesTop Gainers:IOTX → Up 15.8% to $0.02659086XDC → Up 8.2% to $0.0989487B → Up 8.0% to $0.50341485QUBIC → Up 6.1% to $0.00000253SUN → Up 2.6% to $0.02175535Top Losers:CFX → Down 26.0% to $0.19509564BONK → Down 13.0% to $0.00002836SYRUP → Down 12.7% to $0.44805721CKB → Down 12.4% to $0.00585109 CVX → Down 11.8% to $4.19Fear Index:Bitcoin: 74 (Greed)Ethereum: 57 (Greed)Dominance:Bitcoin: 61.52% ▲ 0.08%Ethereum: 12.05% ▲ 0.43%Total Daily Net ETF InflowsBTC ETFs: $80.00 MillionETH ETFs: $218.60 MillionGlobal MarketsGlobal markets are trading cautiously and sideways ahead of tonight's Fed interest rate decision and tomorrow's BOJ meeting. The Fed is not expected to change interest rates. While risk appetite weakened slightly, the VIX index rose to 15.98, indicating a slight increase in uncertainty. On the trade front, US Treasury Secretary Bessent stated that an agreement in principle has been reached with China to postpone tariffs, but that the final decision rests with Trump. He also stated that no new summit between Xi and Trump is planned, and that the 90-day period is merely an option.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.28 trillion market capitalization, $175.51 per share, down 0.70%.Microsoft (MSFT) → $3.81 trillion market capitalization, $512.57 per share, up 0.01%.Apple (AAPL) → $3.16 trillion market capitalization, $211.27 per share, down 1.30%.Amazon.com (AMZN) → $2.45 trillion market capitalization, $231.01 per share, down 0.76%. Alphabet (GOOG) → of $2.37 trillion market capitalization, $196.43 per share, up 1.56%.Borsa IstanbulAccording to TURKBESD data, domestic sales of white goods decreased by 8%, production by 8%, and exports by 5% in the first half of the year. The sector continues to weaken. While the BIST-100 has returned to the 10,500 level, the announced balance sheets generally signal weakness. The June unemployment rate and the July economic confidence index will be released today. The market is focusing on the CPI data to be released next week. A sideways trend is expected on the BIST today.Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR) → With a market capitalization of $1.4 trillion and a per-share price of $458.50, it saw a 9.95% increase. Aselsan Electronics Industries (ASELS) → Market value of 817.61 billion TL, price per share of 178.9 TL, decreased by 0.22%.Turkey Garanti Bank (GARAN) → Market value of 583.8 billion TL, price per share of 141.0 TL, increased by 1.44%.Koç Holding A.Ş. (KCHOL) → Market value of 431.36 billion TL, price per share of 174.6 TL, increased by 2.65%.Turkish Airlines Inc. (THYAO) → Market value of 393.64 billion TL, price per share of 288.25 TL, increased by 1.05%.Precious Metals and Currency PricesGold: 4,335 TLSilver: 49.69 TLPlatinum: 1,811 TLDollar: 40.57 TLEuro: 46.92 TLWe look forward to bringing you the latest updates again tomorrow.
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30 Jul 2025
Daily Market Summary with JrKripto July 29, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade above this level. On the downside, the key support level stands at $111,800. In a potential upward move, the trend resistance near the $122,000 region could be the next target.Ethereum has broken out of the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. After a sharp rally toward the $3,950 region, ETH has entered this trend zone. A breakout here could pave the way for notable gains. In the event of a pullback, the $3,500 level is expected to serve as support.Crypto NewsUAE credit institution RAKBANK will begin offering crypto services to its retail customers through Bitpanda.Invesco Galaxy has applied for the Solana ETF with the CBOE. Interactive Brokers, a brokerage firm with $600 billion in client assets, is considering introducing 24/7 stablecoin and cryptocurrency deposits into its investment accounts.Trump: Powell will be gone soon. I will miss him.PayPal allows US businesses to accept payments in more than 100 cryptocurrencies.Financial firm Mill City Ventures will acquire $441 million worth of $SUI tokens, transitioning to a crypto treasury strategy.The strategy firm made no new Bitcoin purchases last week.CryptocurrenciesTop Gainers:CFX → Up 38.3% to $0.25899976ZBCN → Up 20.0% to $0.00508004KTA → Up 12.2% to $1.21CKB → Up 10.7% to $0.00657596QUBIC → Up 10.1% to $0.00000245Top Losers:TKX → Down 37.5% to $5.77USELESS → Down 17.4% to $0.32020474CVX → Down 15.5% to $4.75FARTCOIN → Down 14.8% to $1.18PUMP → Down 12.6% to $0.00241791.Fear Index:Bitcoin: 74 (Greed)Ethereum: 63 (Greed)Dominance:Bitcoin: 61.52% ▲ 0.19%Ethereum: 11.90% ▼ 0.68%Total Daily Net ETF InflowsBTC ETFs: $157.10 MillionETH ETFs: $65.20 MillionGlobal MarketsGlobal risk appetite started the week cautiously. Trump's 15% tariff announcement against the EU created short-term market activity, but its impact was limited. US futures are slightly higher this morning. Markets remain cautious ahead of tomorrow's Fed and Thursday's BOJ interest rate decisions.As the critical August 1st deadline approaches, the US's extension of the tariff ceasefire with China and the start of a third round of talks are easing trade uncertainty. Although markets opened strongly yesterday following the agreement with the EU, they closed slightly lower due to criticism from European leaders. The VIX index remains low at 15.03.Today, US consumer confidence, housing prices, and job openings will be monitored. The ECB's June Consumer Expectations Survey will also be released.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.31 trillion market capitalization, $176.75 per share, up 1.87%.Microsoft (MSFT) → $3.81 trillion market capitalization, $512.50 per share, down 0.24%. Apple (AAPL) → $3.2 trillion market capitalization, $214.05 per share, increased by 0.08%.Amazon.com (AMZN) → $2.47 trillion market capitalization, $232.79 per share, increased by 0.58%.Alphabet (GOOG) → $2.33 trillion market capitalization, $193.42 per share, decreased by 0.34%.Borsa IstanbulJuly sectoral inflation expectations were announced. 12-month ahead inflation expectations fell to 23.4% among market participants and 39% in the real sector, while household expectations rose to 54.5%. According to TİM's June report, the export demand index decreased by 0.6% month-on-month and 0.5% year-on-year to 99.8, remaining below the long-term average. The BIST100 index closed down 0.9% yesterday, driven by sales in banking, defense, aviation, and holding stocks. In a week marked by financial statements, Tofaş and Medikal Park reported net profits above expectations, while Türk Traktör increased its profit despite weak results. Results from Akbank, Tüpraş, Aygaz, TAV, and Otokar will be released today. The BIST100 is expected to open the day with a slight gain, in line with international markets.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.31 trillion TL, price per share of 400.00 TL, increased by 2.56%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 826.73 billion TL, price per share of 178.2 TL, decreased by 1.71%. Türkiye Garanti Bankası (GARAN) → Market capitalization of 576.24 billion TL, price per share of 138.9 TL, increased by 1.24%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 432.37 billion TL, price per share of 171.2 TL, increased by 0.41%.Enka İnşaat ve Sanayi A.Ş. (ENKAI) → Market capitalization: 405.64 billion TL, price per share: 67.10 TL, decreased by 3.03%.Precious Metals and Currency PricesGold: 4326 TLSilver: 49.81 TLPlatinum: 1803 TLDollar: 40.57 TLEuro: 47.03 TLWe look forward to bringing you the latest updates again tomorrow.
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29 Jul 2025
Daily Market Summary with JrKripto July 28, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade in this area. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 area could be targeted.Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in place since 2021. Having surged to the $3,800 region with sharp increases, ETH has entered the trend zone. A breakout of this zone could indicate significant upward movement for Ethereum. In the event of a pullback, the $3,500 level will act as support.Crypto NewsTether printed $1 billion worth of USDT.SharpLink Gaming purchased $295 million worth of ETH, bringing its total ETH holdings to 438,000.Upbit will list OP.Trump: The EU has agreed to allow countries to trade duty-free.Trump: We have reached an agreement with the EU.BNB broke a new record, exceeding $820.The US and China agreed to freeze tariffs for another 90 days.Rick Rieder, CIO of BlackRock, which manages $11.5 trillion in assets, called for the US Federal Reserve (Fed) to lower interest rates.CryptocurrenciesTop Gainers:KTA → Up 17.1% to $1.09CAKE → Up 16.9% to $3.29TRIBE → Up 16.1% to $0.60263769ORDI → Up 15.9% to $11.83SPX → Up 14.4% to $2.25Top Losers:REKT → Down 14.5% to $0.97120098GLM → Down 11.9% to $0.29879452TKX → Down 7.8% to $9.21CVX → Down 7.4% to $5.59CRV → Down 4.4% to $1.03Fear Index:Bitcoin: 74 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 60.82% ▼ 0.34%Ethereum: 12.07% ▲ 0.56%Total Daily Net ETF InflowsBTC ETFs: $130.80 MillionETH ETFs: $452.80 MillionGlobal MarketsGlobal markets are starting the week with optimism generated by the 15% tariff agreement reached between the US and the EU. The agreement boosts risk appetite as it prevents higher tariffs expected to take effect on August 1st. US and European futures are slightly positive. The VIX index fell to 14.93, nearing its lowest levels this year.This week, global markets will be closely watching Fed and Bank of Japan interest rate decisions, with no change expected in interest rates. PCE, nonfarm payrolls, and ISM manufacturing data will be released in the US, while the Eurozone CPI will be the leading indicator. Domestically, June external balance, unemployment, and ISO Manufacturing PMI data will be released.Most Valuable Companies and Stock Prices (Based on Data in the Image)NVIDIA (NVDA) → $4.23 trillion market capitalization, $173.50 per share, decreased by 0.14%.Microsoft (MSFT) → $3.82 trillion market capitalization, $513.71 per share, increased by 0.55%.Apple (AAPL) → $3.19 trillion market capitalization, $213.88 per share, increased by 0.06%.Amazon.com (AMZN) → $2.46 trillion market capitalization, $231.44 per share, decreased by 0.34%.Alphabet (GOOG) → $2.34 trillion market capitalization, $194.08 per share, increased by 0.46%.Borsa IstanbulMoody's upgraded Turkey's credit rating from "B1" to "Ba3" and lowered the outlook from "positive" to "stable." Fitch affirmed Turkey's credit rating at "BB-" and kept its outlook unchanged. Inflation is expected to decline to 28% by the end of 2025 and 21% by the end of 2026, while growth is expected to be 2.9% in 2025, 3.5% in 2026, and 4.2% in 2027.Friday evening's rating upgrade could inject some balanced optimism into the new week. Sectoral inflation expectations will be released today. Bank balance sheets will be a key factor in the market starting Wednesday. The tariff agreement between the US and the EU also supports risk appetite. July inflation data, to be released on August 4th, will be a key focus in the second half of the week. The BIST-100 struggled to hold above 10,700 last week, and cautious buyers are expected to start the new week.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.26 trillion TL, price per share of 380.25 TL, increased by 1.00%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 835.39 billion TL, price per share of 180.0 TL, decreased by 1.75%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 588 billion TL, price per share of 139.0 TL, decreased by 0.71%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 441.5 billion TL, price per share of 172.7 TL, decreased by 0.80%.Enka Construction and Industry Inc. (ENKAI) → Market capitalization: 405.35 billion TL, price per share: 68.60 TL, down 0.80%.Precious Metals and Currency PricesGold: 4347 TLSilver: 49.87 TLPlatinum: 1840 TLDollar: 40.54 TLEuro: 47.64 TLWe look forward to bringing you the latest updates again tomorrow.
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28 Jul 2025
Trump's EU Trade Deal Boosts Bitcoin and Markets
US President Donald Trump has finally signed the long-awaited customs agreement with the European Union (EU). Instead of the hefty 30% tariffs expected to take effect on August 1st, the parties agreed on a flat 15% tariff rate. This development not only helped prevent global trade wars but also ignited financial markets and cryptocurrencies. Following the agreement's announcement, the S&P 500 index surpassed the 6,400 level, moving one step closer to its all-time high. Around the same time, Bitcoin (BTC) surpassed $120,000, a level it hadn't surpassed for nearly two weeks. However, the leading cryptocurrency remains below its all-time high of $123,080.US and EU reach agreementThe agreement, announced after a meeting between Trump and EU Commission President Ursula von der Leyen in Turnberry, Scotland, could herald a new era in the global trading system. The parties agreed to a flat 15% tariff instead of tariffs that could have reached as high as 30%. However, products such as aircraft parts, some chemicals, and pharmaceuticals were excluded from this tariff.Trump also announced that the EU will purchase $750 billion in energy from the US over the next three years and pledge an additional $600 billion in investments. These investments include defense equipment. Von der Leyen emphasized the importance of the agreement, saying, "This is not just a trade agreement; it is a step toward restoring geopolitical balance."Markets soar: Stocks, Bitcoin, and altcoins rallyThe announcement of the agreement revived risk appetite in global markets. Dow Jones futures jumped 180 points (approximately 0.4%), while Nasdaq 100 and S&P 500 futures rose 0.4% and 0.3%, respectively. US stock markets, which had already closed strong on Friday, started the week positively with this development. Looking at the top 10 cryptocurrencies, Bitcoin and Ethereum (ETH) also joined the rally, rising 3% to above $3,850. BNB tested its all-time high of $825 following the news and surpassed Solana to become the fifth-largest cryptocurrency again. Gold steady, Europe on holdFollowing the developments, gold, considered a safe haven, traded flat at $3,335. European markets saw less activity. Major indices like the German DAX, the French CAC 40, and the Spanish IBEX 35 saw no significant change. However, Italy's FTSE MIB rose 0.3%, and Sweden's OMXS30 rose 0.23%.Many EU leaders cautiously welcomed the agreement. German Chancellor Friedrich Merz stated that it was a significant development for the automotive sector, while the Dutch and French commented that "lower tariffs would be better." Italian Prime Minister Giorgia Meloni said that this agreement "prevents direct conflict across the Atlantic."
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28 Jul 2025
Daily Market Summary with JrKripto July 25, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin entered a natural correction period after the ATH. Having lost support in the $117,000 region, BTC is currently trading around $115,000. The CME gap around $114,000 has not yet closed, and we see the price moving in this direction. The broad range of $111,000-$114,000 represents a significant support area. Support found in this area could re-target the $118,000 region.Ethereum, on the other hand, is holding strong despite Bitcoin's decline and even gaining upward momentum. As mentioned earlier, ETH, which is trading within a broad resistance area, continues to trade in this region.Crypto NewsThe Central Bank of the Republic of Turkey lowered its policy rate from 46% to 43%.The European Central Bank left the rate unchanged (it was expected to remain unchanged).Bank of America announced that many banks are preparing to launch their stablecoins. MicroStrategy has updated its capital raising plan for Bitcoin acquisitions. The company has raised its previously announced $500 million fundraising target to $2 billion. With this increase, MicroStrategy is reportedly aiming to further expand its Bitcoin investments.The TON Foundation and Kingsway Capital are planning a $400 million capital raise for the Toncoin treasury.Tether printed $2 billion in USDT.Trump: I want interest rates lowered and the Fed building completed.CryptocurrenciesTop Gainers:SYRUP → Up 21.8% to $0.5877799ENA → Up 14.5% to $0.52252511EUL → Up 11.6% to $12.18B → Up 9.7% to $0.60461203AXL → Up 9.7% to $0.41296338Top Losers:M → Down 18.7% to $0.36242166PUMP → Down 15.1% to $0.00258837TKX → Down 10.5% to $9.63TEL → Down 6.5% to $0.00593213PENGU → Down 6.5% to $0.03746343.Fear Index:Bitcoin: 71 (Greed)Ethereum: 60 (Greed)Dominance:Bitcoin: 61.58% ▼ 0.38%Ethereum: 11.74% ▼ 0.11%Total Daily Net ETF InflowsBTC ETFs: $226.70 MillionETH ETFs: $231.20 MillionGlobal MarketsGlobal markets are balanced this morning. Price action remains limited due to the lack of significant new news. Tariff concerns eased, while the VIX index remained flat at 15.4. The MSCI World Index rose 0.2%, reaching a new high, closing higher for the seventh consecutive day, driven by a moderate rise in US and European stock markets. The US July composite PMI rose to 54.6, buoyed by strength in the services sector. The services index rose to 55.2, while the manufacturing PMI came in at 49.5, below expectations. Companies remain concerned about federal spending cuts and tariffs. Business confidence weakened in both sectors. Jobless claims fell short of expectations at 217,000, supporting the positive employment outlook.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.24 trillion market capitalization, $173.74 per share, up 1.73%.Microsoft (MSFT) → $3.8 trillion market capitalization, $510.88 per share, up 0.99%.Apple (AAPL) → $3.19 trillion market capitalization, $213.76 per share, down 0.18%. Amazon.com (AMZN) → $2.47 trillion market capitalization, $232.23 per share, increased 1.73%.Alphabet (GOOG) → $2.34 trillion market capitalization, $193.20 per share, increased 0.88%.Borsa IstanbulThe Central Bank of the Republic of Turkey (CBRT) cut its policy rate by 300 basis points to 43%, exceeding expectations. Overnight lending and borrowing rates were also reduced by the same amount. Following this move, the BIST-100 index rose 1%, and Turkey's CDS premium fell below 280 basis points. Domestically, the capacity utilization rate, real sector, and sectoral confidence indices will be released today. Moody's and Fitch's credit rating assessments will also be monitored. While the external climate remains calm, we expect the BIST to maintain its upward trend.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 400.25 TL, changed by 0.00%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 832.66 billion TL, price per share of 185.8 TL, increased by 1.75%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 586.74 billion TL, price per share of 139.6 TL, decreased by 0.07%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 444.29 billion TL, price per share of 173.6 TL, decreased by 0.91%.Turkish Airlines Inc. (THYAO) → Market capitalization of 408.48 billion TL, price per share of 294.50 TL, decreased by 0.51%.Precious Metals and Currency PricesGold: 4,372 TLSilver: 50.76 TLPlatinum: 1,834 TLDollar: 40.55 TLEuro: 47.65 TLWe look forward to bringing you the latest updates again tomorrow.
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25 Jul 2025
Trump Pressures Fed Chair Powell: “Lower Interest Rates!”
Former US President Donald Trump once again made headlines with his surprise visit to the Federal Reserve (Fed) building in Washington late last night. During the visit, Trump met with Fed Chair Jerome Powell, sharply criticizing not only the renovation costs of the historic building but also the Fed's monetary policy. He gave Powell a clear message, particularly regarding the need to lower interest rates: "Lower interest rates!"Billion-Dollar Renovation DebateThe visit coincided with the alleged renovation of the Fed building, reportedly exceeding $3.1 billion, being a hot topic. Trump called these expenses "unnecessarily inflated," while Powell stated that the figure was inaccurate and included another federal building. This frank exchange between the two took place in front of the press and escalated into a heated exchange when Trump declared, "I renovated a larger building for much less." Trump cited the "Old Post Office" as an example, accusing the Fed of waste. Main Agenda: Interest RatesHowever, Trump's main concern wasn't construction, but monetary policy. Amidst the renovation debate, he directly addressed the Fed Chair, saying, "Let's get this done, but more importantly, let's lower interest rates!" As the 2025 elections approach, Trump appears to be putting increasing pressure on Powell. According to Trump, the current interest rates of around 4.33% are too high and are hindering economic growth.Trump, particularly emphasizing the 1% interest rate target, argued that Powell was late, saying, "Everyone knows what the right thing is." It's reported that some advisors from Trump's team frequently echoed this rhetoric behind the scenes. Following his visit to the Fed, Trump also reported developments on Truth Social. Powell resists: Emphasis on Fed independenceDespite all this pressure, Jerome Powell refuses to allow any steps that would undermine the Fed's independence. While Trump doesn't appear to directly threaten this, he hints at the possibility of dismissing Powell by using the renovation costs as "legal grounds." However, removing a Fed Chair from office is not easy from a constitutional and legal perspective. Past US Supreme Court decisions demonstrate that the Fed must be insulated from political pressures.Economic and Political RisksExperts, however, note that Trump's push for interest rate cuts poses serious economic risks. With inflation still struggling to be brought under control, an aggressive interest rate cut could increase borrowing costs rather than lower them, potentially causing further economic volatility.Trump's emphasis on public debt is also noteworthy. He argues that interest rate cuts are necessary to reduce interest payments, which will exceed $1.1 trillion by 2024. However, Powell believes that maintaining interest rates at this level is more appropriate given current economic data.Lowering interest rates generally increases interest in risky assets, creating a positive environment for Bitcoin and other cryptocurrencies. Lower interest rates can lead investors to shift away from traditional financial instruments (e.g., bonds) and toward assets offering higher returns. At the same time, lower borrowing costs facilitate institutional investors' entry into the crypto market. Therefore, the Fed's decision to cut interest rates could be a bullish catalyst for many cryptocurrencies, especially Bitcoin.For now, Powell isn't backing down. Interest rates are expected to remain steady at the FOMC meeting in July. However, if economic indicators continue to trend positive in the fall, market expectations for a rate cut could strengthen further.
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25 Jul 2025
Daily Market Summary with JrKripto July 24, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade in this area. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 area could be targeted.Ethereum has broken out of the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. Having surged sharply to the $3,800 region, ETH has entered the trend zone. A breakout of this zone could indicate significant upward movement for Ethereum. In the event of a pullback, the $3,500 level will act as support.Crypto News21Shares filed an amended S-1 form for the $DOGE ETF.21Shares has applied for a spot ETF for ONDO.US Treasury Secretary Bessent: Negotiations with the EU are progressing better than before.$MIU Coin has been listed on the XT Exchange.Goldman Sachs and BNY are preparing to announce the development of a system that allows institutional investors to purchase tokenized money market funds.Joe McCann reportedly plans to allocate $1 billion for Solana Treasury Co. amid a nearly 70% decline in liquid funds.Tesla neither sold nor bought Bitcoin in the second quarter.CryptocurrenciesTop Gainers:REKT → Up 13.9% to $0.65251379SYRUP → Up 12.6% to $0.48162868SAROS → Up 9.7% to $0.37939587TKX → Up 7.5% to $10.81M → Up 5.2% to $0.44668162Top Fallers:MOVE → Down 23.6% to $0.13945918PUMP → Down 19.9% to $0.00303355FLR → Down 19.1% to $0.02229203APT → Down 16.5% to $4.63GRASS → Down 16.5% to $0.92743664.Fear Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 61.92% ▲ 0.08%Ethereum: 11.49% ▲ 0.21%Total Daily Net ETF InflowsBTC ETFs: -$85.80 MillionETH ETFs: $332.20 MillionGlobal MarketsGlobal markets continue to find support from the US-Japan trade agreement. The US's initiation of similar talks with the European Union is positively impacting European stock markets. Asian stocks, US and European futures are trading higher this morning.Global markets closed strong yesterday thanks to positive news. Risk appetite remains high today. The VIX index fell 1.1 points to 15.4. This level is the lowest in five months and indicates a diminishing perception of short-term risk in the markets.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.17 trillion market capitalization, $170.78 per share, increased 2.25%.Microsoft (MSFT) → $3.76 trillion market capitalization, $505.87 per share, increased 0.12%.Apple (AAPL) → $3.2 trillion market capitalization, $214.15 per share, decreased 0.12%.Amazon (AMZN) → $2.42 trillion market capitalization, $228.29 per share, increased 0.36%.Alphabet (GOOG) → $2.32 trillion market capitalization, $191.51 per share, fell 0.31%.Borsa IstanbulMarkets are watching the Central Bank of the Republic of Turkey (CBRT) interest rate decision, which will be announced at 2:00 PM today. The CBRT, which held interest rates steady in June, is expected to cut the policy rate by 250 basis points today to 43.50%. Ahead of the decision, the BIST-100 index was trading flat around the 10,600 level. Despite intra-session fluctuations following the Special Consumption Tax (SCT) increase, the index is expected to close the day flat above 10,500.Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR) → $1.34 trillion market capitalization, $400.25 per share, increased 0.06%. Aselsan Electronics Industries (ASELS) → Market value of 821.26 billion TL, price per share of 185.4 TL, increased by 2.94%.Turkey Garanti Bank (GARAN) → Market value of 589.26 billion TL, price per share of 140.4 TL, increased by 0.07%.Koç Holding A.Ş. (KCHOL) → Market value of 432.62 billion TL, price per share of 171.0 TL, increased by 0.23%.Turkish Airlines Inc. (THYAO) → Market value of 406.41 billion TL, price per share of 294.75 TL, increased by 0.08%.Precious Metals and Currency PricesGold: 4,396 TLSilver: 50.85 TLPlatinum: 1,819 TLDollar: 40.46 TLEuro: 47.71 TLWe look forward to bringing you the latest updates again tomorrow.
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24 Jul 2025
Daily Market Summary with JrKripto July 23, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week within the accumulation zone. As highlighted in our previous newsletters, the $117,900 level remains a key threshold, with the price continuing to hover around this area. On the downside, $111,800 stands out as the major support level. If upward momentum gains strength, the trend resistance at $122,000 could come into play.Ethereum, on the other hand, has broken out of its short-term parallel channel and is now trading within the broader downtrend zone that has persisted since 2021. After a sharp rally toward the $3,800 region, ETH has moved into this zone. A breakout here could pave the way for a significant upward move. In the event of a retracement, the $3,500 level is expected to act as support.Crypto News• Cryptocurrency prediction market Polymarket considers launching its stablecoin.• Trump announces he's considering repealing capital gains tax.• US Treasury Secretary Bessent: The FED must lower interest rates now.• Trump: We need interest rate cuts now.• The FBI concluded its ınvestigation of Kraken's founder and returned seized devices.• Sharplink Gaming announced purchasing 79,949 $ETH last week.• Western Union CEO says the bank ıs considering offering stablecoin products to its customers in digital wallets.• Elon Musk's SpaceX company transferred $152 million in Bitcoin for the first time in three years.• $MIU coin listed on BitMart exchange.CryptocurrenciesTop Gainers:USELESS → Up 20.8% to $0.33583496PENGU → Up 20.1% to $0.04420484REKT → Up 18.1% to $0.71302933FLR → Up 16.2% to $0.02452084MOG → Up 14.5% to $0.00000174Top Losers:CFX → Down 12.8% to $0.18170283KET → Down 4.2% to $0.29333068JUP → Down 4.2% to $0.62018807KAITO → Down 3.3% to $1.62PI → Down 3.0% to $0.47386023Fear Index:Bitcoin: 73 (Greed)Ethereum: 62 (Greed)Dominance:Bitcoin: 60.82% ▼ 0.16%Ethereum: 11.58% ▲ 0.37%Total Daily Net ETF InflowsBTC ETFs: -$68.00 MillionETH ETFs: $533.80 MillionGlobal MarketsWe start the new day with reports that the U.S. has reached or initiated trade negotiations with several Asian countries. Notably, the agreement with Japan and the decision to lower automobile tariffs from 25% to 15% stand out. These developments fueled a gain of over 3% on the Tokyo Stock Exchange. Ongoing discussions with the Philippines, Indonesia, and China are also lending support to regional stock markets. Meanwhile, U.S. and European futures are trading in positive territory this morning.Optimism around trade agreements is boosting risk appetite across markets. Reflecting this sentiment, the VIX volatility index has declined to 16.5, hovering near its July average.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.08 trillion market capitalization, $167.03 per share, down 2.54%.Microsoft (MSFT) → $3.76 trillion market capitalization, $505.27 per share, down 0.94%.Apple (AAPL) → $3.2 trillion market capitalization, $214.40 per share, up 0.90%. Amazon (AMZN) → $2.41 trillion market capitalization, $227.47 per share, down 0.80%.Alphabet (GOOG) → $2.32 trillion market capitalization, $192.11 per share, up 0.50%.Borsa IstanbulYesterday, the Treasury issued $5.35 billion in one-year dollar-denominated government bonds and $463.6 million in lease certificates. This brought total borrowing in July to approximately 494 billion Turkish Lira. This month, 376.4 billion Turkish Lira was planned for domestic borrowing, compared to 316.6 billion Turkish Lira for domestic debt payments.The July Consumer Confidence Index will be released today. The index had increased in the last two months to 85.1, but it is still below its long-term average.The BIST-100 closed flat yesterday due to bank sales. Investors are reviewing their positions ahead of the Central Bank of the Republic of Turkey (CBRT) interest rate decision, scheduled for Thursday, and the Fitch and Moody's reports expected on Friday. Next week, the August 4th inflation data will be the focus. We expect the index to trend sideways today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 391.00 TL, decreased by 2.07%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 806.21 billion TL, price per share of 176.5 TL, decreased by 0.17%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 600.6 billion TL, price per share of 139.4 TL, decreased by 2.52%.Koç Holding A.Ş. (KCHOL) → Market capitalization: 438.2 billion TL, price per share: 173.0 TL, increased by 0.12%.Turkish Airlines Inc. (THYAO) → Market capitalization: 405.72 billion TL, price per share: 297.25 TL, increased by 1.11%.Precious Metals and Currency PricesGold: 4444 TLSilver: 51.05 TLPlatinum: 1880 TLDollar: 40.44 TLEuro: 47.47 TLWe look forward to bringing you the latest updates again tomorrow.
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23 Jul 2025