Politics
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Politics News
Browse all Politics related articles and news. The latest news, analysis, and insights on Politics.
US Inflation Indictor Announced: How Did Bitcoin React?
The core PCE (Personal Consumption Expenditures), published by the US Department of Commerce on June 27, came in above expectations as one of the critical economic inflation indicators on the markets' radar. The announcement of annual inflation of 2.7 percent exceeded the market expectation of 2.6 percent and once again threw investors' hopes regarding the US Federal Reserve's (FED) interest rate policy into uncertainty. The Bitcoin (BTC) price initially experienced slight fluctuations after the data.Inflation indicator above expectationsThe core PCE price index, known as the FED's favorite inflation indicator, rose to 2.7 percent on an annual basis in May. On a monthly basis, inflation was announced as 0.2 percent. This measurement, which excludes volatile items such as food and energy, is considered a critical reference in the FED's monetary policy decisions. Accordingly, it is noteworthy that the core PCE has been above the FED's 2 percent target for 51 months. It is stated that the tariffs implemented by President Donald Trump after his re-election put pressure on import costs in particular. According to data from Yale University's Budget Lab, the average effective tariff rate rose from 2.2 percent in 2024 to 15.8 percent by 2025, reaching its highest level since 1936. Although the impact of this situation on inflation seems to be limited, experts point out the possibility that companies will pass these costs on to consumers in the coming months.How did the Bitcoin market react?With the announcement of the data, there were short-term fluctuations in the price of the leading cryptocurrency Bitcoin. According to market data, BTC, which was around $ 107,200 during the day, fell to $ 106,800 after the data. While volumes in the market increased in general, there was a temporary weakening in investors' risk appetite. As can be seen in the image, BTC, which was horizontal until the morning of June 27 before the price data, turned downward as inflation figures exceeded expectations. The subsequent recovery attempts were weak.Will there be a rate cut?After the FED passed on the expected rate cut in June, markets are focused on September. However, an upward surprise in inflation could undermine these expectations. Bank of America economists warn that core PCE inflation could reach 3.1 percent by the end of the year, and comments are being made that this situation could delay interest rate cut expectations.However, the same experts predict that this increase in inflation could be temporary and will fall back to around 2 percent by the end of 2026. These estimates indicate that the FED will continue to be “patient but cautious” in its interest rate decisions.The employment and growth data to be released in the coming weeks will determine the course of both the FED and crypto investors. In particular, the impact of President Trump’s economic policies on inflation seems to be one of the main dynamics determining the course of the markets for the rest of the year.
Daily Market Summary with JrKripto 26 June 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 briefly dipped below the $100,000 mark at the height of geopolitical tensions over the weekend, following the U.S. intervention in the Iran–Israel conflict. However, fueled by strong buying momentum at the start of the new week, BTC quickly reclaimed this critical psychological threshold. The price surged from a low of $98,000 to as high as $108,000. A pullback after such a sharp rally is considered natural, while holding above the $100,000 level continues to serve as a key confidence line, both technically and psychologically.As for Ethereum, as highlighted in our previous analysis, the $2,100 region has proven to be a solid support zone. Renewed buying interest in this area has propelled ETH toward the short-term target of $2,400. The $2,430 level is currently being monitored as support, while $2,600 stands as the next resistance to watch.Crypto NewsInvesco Galaxy submitted the S-1 form for the Solana ETF.Canary filed an application with the CBOE for the PENGU ETF.The US Federal Housing Finance Agency (FHFA) decided to accept cryptocurrencies as collateral (mortgage) for those wishing to buy a home.The FHFA directed Fannie Mae and Freddie Mac to consider crypto assets in their mortgage evaluations.NVIDIA reached a new ATH level.Powell: At some point, we will resume interest rate cuts.The Nasdaq 100 reached a new ATH, hitting an all-time high.CryptocurrenciesTop Gainers:MOVE → Increased by 33.5% to $0.19715073.MOCA → Increased by 11.1% to $0.07644085.XCN → Increased by 10.4% to $0.01645214.KAS → Increased by 7.6% to $0.07954247.DOG → Increased by 7.3% to $0.00407479.Top Losers:FRAX → Declined by 11.4% to $2.02.POPCAT → Declined by 9.0% to $0.27353041.CRV → Down 8.9% to $0.52128798.FARTCOIN → Down 8.5% to $0.9840403.SEI → Down 8.2% to $0.28035777.Fear Index:Bitcoin: 70 (Greed)Ethereum: 57 (Greed)Dominance:Bitcoin: 65.61% ▼ 0.17%Ethereum: 9.16% ▲ 1.90%Daily Total Net ETF InflowsBTC ETFs: $547.70 millionETH ETFs: $60.40 millionGlobal MarketsGlobal risks continue to take a back seat as the Israel–Iran ceasefire continues, and the positive mood in global markets is maintained. The calm course of oil prices and the improvement in risk perception are providing stability to the stock markets. The VIX volatility index fell 0.7 points yesterday to 16.8, its lowest level since February.Today's data calendar is busy in the US. The May trade balance, durable goods orders, pending home sales, and the final estimate of first-quarter growth will be monitored. According to the second estimate, the US economy contracted by 0.2% in the first quarter of the year. During this period, imports of goods and services increased by 43%, while growth in consumer spending was 1.2%, the lowest level in the last five quarters.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → Market capitalization of $3.77 trillion, share price of $154.31, up 4.33%.Microsoft (MSFT) → Market capitalization of $3.66 trillion, share price of $492.27, up 0.44%.Apple (AAPL) → Market capitalization of $3.01 trillion, share price of $201.56, up 0.63%.Amazon (AMZN) → Market capitalization of $2.25 trillion, share price of $211.99, down 0.37%.Alphabet (GOOG) → Market value of $2.08 trillion, share price of $171.49, up 2.24%.Borsa IstanbulAccording to a report published by the Central Bank of the Republic of Turkey (CBRT) in June, inflation expectations declined across all sectors. Inflation expectations for the next 12 months fell to 24.6% among market participants, 39.8% in the real sector, and 53% among households. This is the lowest level since November 2021.There was strong demand for the Treasury's 5-year $2.5 billion lease certificate issuance. The lease rate was set at 6.75%. Thus, a total of $7 billion in external funding has been secured since the beginning of the year.The BIST 100 closed yesterday with a 0.3% decline. Holding, retail, and refinery stocks retreated, while Aselsan and Turkcell remained strong. The Monetary Policy Committee (MPC) summary will be announced today. If there are no significant developments on the global front, the market may remain flat.Top Companies by Market Capitalization on the Istanbul Stock ExchangeQNB Finansbank (QNBTR) → Market capitalization of 866.81 billion TL, share price of 265.00 TL, up 2.42%.Aselsan Elektronik Sanayi (ASELS) → Market value of 676.7 billion TL, share price of 147.10 TL, down 0.88%.Türkiye Garanti Bankası (GARAN) → Market value of 502.32 billion TL, share price of 121.00 TL, up 1.17%.Turkish Airlines A.O. (THYAO) → Market value of 374.67 billion TL, share price of 272.00 TL, saw a 0.18% increase.Enka Construction and Industry (ENKAI) → Market value of 369.3 billion TL, share price of 64.30 TL, increase of 2.06%.Precious Metals and Currency PricesGold: 4,266 TLSilver: 46.47 TLPlatinum: 1,778 TLDollar: 39.76 TLEuro: 46.56 TLWe look forward to bringing you the latest updates again tomorrow.
Fed's Interest Rate Message: Barkin Emphasizes 'Patience'
The governors of the United States Federal Reserve (Fed) are taking a cautious stance on interest rate cuts due to the ongoing uncertainty about the course of inflation. While Richmond Fed President Thomas Barkin’s statements emphasize the need to be patient about the direction of monetary policy, President Donald Trump’s early announcement of the name that will replace Fed Chair Jerome Powell is increasing concerns about the bank’s independence.Critical statements from Thomas BarkinThomas Barkin said in a speech at the New York Business Economics Association that he expects the impact of tariffs on inflation to be limited. Barkin, who stated that they still cannot fully see the future effects of tariffs and budget policies, said, “Given the strength in today’s economy, we have time to patiently monitor developments and allow visibility to improve.” According to Barkin, there is little benefit in making hasty policy changes in any direction at the moment.The latest statements show a common cautious stance among Fed officials. San Francisco Fed President Mary Daly also stated that a promising period for interest rate cuts is approaching, but emphasized that the price pressure that tariffs could create would be limited. Daly argued that the Fed should maintain the current interest rate level until it sees the effects on inflation more clearly.Another factor that affects the Fed's interest rate decisions is President Trump's political pressure. According to the Wall Street Journal, Trump's consideration of announcing Powell's successor earlier than the official calendar has raised questions among investors about the Fed's political independence. These developments caused the dollar to fall to its lowest levels in recent years against the euro and the Swiss franc.Cryptocurrencies are closely following the developmentsOn the other hand, macroeconomic data also support the Fed's cautious stance. Quarterly GDP data in the US fell below expectations, showing a contraction of 0.5 percent. At the same time, there was a surprising increase of 16.4 percent in durable goods orders, while the decrease in initial unemployment applications was also striking. This complex picture reveals the risks the Fed faces in terms of both employment and inflation targets.The new tariffs, expected to go into effect on July 9, could be a significant turning point in the Fed's monetary policy decisions. Barkin and other Fed officials think it makes sense to take interest rate decisions slowly in order to observe the effects of such developments more clearly.Cryptocurrency markets are following these developments closely. While Bitcoin is hovering above $107,000 in anticipation of a rate cut, investors are eagerly waiting to see how the PCE data to be released tomorrow will affect the markets. If uncertainties ease in July in particular, a new wave of rise could begin for cryptocurrencies.
Trump Signals FED Intervention: Search Begins for New Name to Replace Powell
US President Donald Trump has announced that he has begun work to determine the successor to US Federal Reserve (FED) Chair Jerome Powell, whose term ends in 2026. While Trump’s move is being closely monitored in markets and political circles, it appears that the long-standing criticisms against Powell have now turned into a concrete change process.While answering questions from reporters at the NATO Summit held recently, Trump said the following about the FED Chair: “Change may be imminent. I have narrowed down who I will choose to three or four people.” This statement indicates that although Powell’s term officially ends in 2026, Trump plans to announce the change earlier.“He is not lowering interest rates fast enough”Trump’s criticisms of Powell are based on interest rate policy. The US President argues that current interest rates are high and are slowing down economic growth. Powell, on the other hand, adopts a more cautious and data-driven approach in interest rate decisions. Powell, who particularly emphasizes that the new tariffs Trump wants to implement could trigger inflation, does not look favorably on rapid interest rate cuts.This disagreement strengthens Trump’s desire to bring a more compatible name to the head of the FED in the new term. According to sources close to Trump, former FED governor Kevin Warsh, former White House economic advisor Kevin Hassett, current FED member Christopher Waller and former World Bank President David Malpass are among the candidates. In addition, billionaire investor Scott Bessent’s name is frequently mentioned behind the scenes.There are legal obstaclesHowever, Trump faces certain obstacles to making this change. According to a previous decision by the US Supreme Court, the FED Chair cannot be removed from office due to political pressure. The institution’s independence is constitutionally guaranteed. Trump is also aware of this fact. In a previous NBC interview, he stated that he did not plan to dismiss Powell before her term ends: “Why would I do that? I will have the right to replace her very soon anyway,” he said. However, Trump’s latest statements on the subject show that he is turning to a strategy of creating pressure on the markets by announcing his decision early and declaring Powell “undesirable.” This situation both brings the discussions about the independence of the FED back to the agenda and reveals that Trump is preparing to follow a more aggressive path in economic policies before the upcoming elections. While Trump’s official candidate announcement is expected in the coming weeks, the impact of this move on the markets and Powell’s attitude will be closely monitored. While the search for direction in cryptocurrencies and the traditional economy continues, the FED chairmanship has become one of the hottest agendas of 2025.
Daily Market Summary with JrKripto 25 June 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 fell below $100,000 at the height of weekend tensions, as the U.S. entered the Iran-Israel conflict. However, supported by strong buying momentum at the start of the new week, it managed to reclaim this critical psychological resistance level. BTC surged from a low of $98,000 to as high as $106,700. A pullback following such a sharp rise is considered normal. Holding above the $100,000 mark continues to serve as both a technical and psychological confidence threshold.As for Ethereum, as highlighted in our previous analysis, the $2,100 region remains a strong support zone. With renewed buying interest around this level, ETH quickly rallied toward the short-term target zone near $2,400. The $2,380 level is currently being monitored as support, while $2,460 stands as the next key resistance point.Crypto NewsPompliano's Procap purchased 3,724 BTC.US House Speaker Johnson: We aim to pass the tax bill by July 4.Powell: Expect interest rate cuts to continue when the time comes.Truth Social files with the NYSE for a Bitcoin and Ethereum ETF.CryptocurrenciesTop Gainers:SYRUP → Increased by 19.1% to $0.60408863.PI → Increased by 16.8% to $0.61875017.DEXE → Increased by 11.8% to $8.72.APT → Increased by 9.9% to $4.74.DOG → Increased by 7.8% to $0.00373852.Top Losers:TEL → Declined by 7.3% to $0.00396176.LPT → Declined by 6.8% to $5.89.MOCA → Declined by 6.6% to $0.06969272.VIRTUAL → Declined by 6.0% to $1.55.PLUME → Declined by 5.9% to $0.08499106.Fear Index:Bitcoin: 62 (Greed)Ethereum: 46 (Neutral)Dominance:Bitcoin: 65.33% ▲ 0.07%Ethereum: 9.13% ▼ 0.17%Daily Total Net ETF InflowsBTC ETFs: $588.60 millionETH ETFs: $71.30 millionData to Watch Today5:00 PM – Fed Chair Powell's Comments5:00 PM – New Home Sales (May): Expectation 694K, Previous 743K5:30 PM – Energy Information Administration Crude Oil Inventories: Expectation -1,200M, Previous -11,473MGlobal MarketsThe prevailing sentiment in global markets appears to be that no news is good news. The easing of global risks, the lack of escalation following the Iran-Israel ceasefire, and the diminishing likelihood of existing threats materializing have all had a positive effect on currency markets.We are following this positive atmosphere in US and European futures and Asian stock markets with a bullish trend. The VIX fear index fell to 17.5 points, indicating a sharp decline in risk perception. The S&P 500 closed the day up 1.1% and the Nasdaq up 1.4%.Federal Reserve Chair Jerome Powell delivered key remarks during his presentation to the House of Representatives, emphasizing the strength of the U.S. economy and the resilience of the labor market. He acknowledged that inflation has come down but remains above the Fed’s 2% target.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → Market capitalization of $3.64 trillion, share price of $490.11, up 0.85%.NVIDIA (NVDA) → Market capitalization of $3.61 trillion, share price of $147.90, up 2.59%.Apple (AAPL) → Market capitalization of $2.99 trillion, share price of $200.30, down 0.60%.Amazon (AMZN) → Market capitalization of $2.26 trillion, share price of $212.77, up 2.06%.Alphabet (GOOG) → Market capitalization of $2.03 trillion, share price of $167.74, up 1.04%.Borsa IstanbulBorsa Istanbul recorded its highest close since June 13, ending the day with a gain of over 3%. We believe this positive momentum is likely to continue. The index will be closely watched at resistance levels of 9,550 and 9,800, while 9,250 and 9,100 are key support zones. The recent ceasefire in the Middle East also triggered strong buying activity on the BIST.From a broader perspective, however, economic indicators continue to point toward a slowdown. The Real Sector Confidence Index declined again in June. Looking ahead, sectoral inflation expectations will be released today, followed by the CBRT Monetary Policy Committee meeting summary tomorrow, and the Economic Confidence Index on Friday. Despite the macro headwinds, we expect buying sentiment in the equity market to persist in the short term.Companies with the Highest Market Value on the Istanbul Stock ExchangeQNB Finansbank (QNBTR) → Market value of 847.55 billion TL, share price of 258.75 TL, 0.00% change.Aselsan Electronics Industry (ASELS) → Market capitalization of 650.26 billion TL, share price of 149.50 TL, 4.84% increase.Türkiye Garanti Bankası (GARAN) → Market value of 483.84 billion TL, share price of 120.10 TL, 0.08% increase.Koç Holding A.Ş. (KCHOL) → Market value of 366.18 billion TL, share price of 146.70 TL, experienced a 0.81% decrease.Enka Construction and Industry (ENKAI) → Market value of 354.06 billion TL, share price of 63.35 TL, up 0.72%.Precious Metals and Currency PricesGold: 4,234 TLSilver: 45.85 TLPlatinum: 1,673 TLDollar: 39.62 TLEuro: 46.03 TLWe look forward to bringing you the latest updates again tomorrow.
Fed Chair Powell’s Message to Markets Minutes Before Congressional Presentation
US Federal Reserve (Fed) Chairman Jerome Powell reiterated in his statements ahead of his presentation to the House Financial Services Committee today that they will wait for the economic course to become clear before making changes to monetary policy. Powell’s speech came at a time when markets were pricing in the possibility of a rate cut as of July. However, the Fed Chairman went ahead of expectations by signaling that no hasty steps would be taken.According to Powell’s speech text, which was previously shared with the press, the Fed’s current policy will continue to be shaped in light of economic data and considering the balance of risks. “We need to have more information about the direction of the economy before we make any changes to our policy stance,” Powell said. This statement underlined the uncertainties regarding the effects of factors such as Trump’s new tariffs, which have been on the agenda recently, on inflation.Trump tariffs pose an inflation riskIn his presentation, Powell drew attention to the fact that the new tariffs proposed by Trump could also have an impact on the economic outlook. In particular, the tariff increases planned to be implemented this year are expected to push prices up and suppress economic activity. Powell emphasized that this situation could have temporary or permanent effects on inflation, and said, “The final level of tariffs and market expectations will determine the direction of this effect.”On the other hand, Powell said that increasing tariffs could directly affect consumer prices and that this could have restrictive effects on household spending. However, the Fed Chair stated that these developments have not yet produced clear results, and therefore it is too early to revise the central bank’s policies.Markets expect a rate cut in July, but…After the Fed kept the interest rate constant at 4.25-4.50 percent in its last meeting, all eyes turned to the next step. Fed Governor Christopher Waller had recently stated that a rate cut could be possible in July. However, Powell’s statements today show that these expectations will not be realized immediately. The Chair maintained his cautious approach by saying, “Our policy stance will remain constant unless the data and outlook change.”Balanced strategy in the fight against inflationPowell also emphasized that the US economy is in a strong position in general. Low unemployment rates and a resilient outlook for consumer spending show that the economy's fundamental indicators are healthy. However, inflation is still above the Fed's target, which requires a delicate balance in monetary policy.As a result, the FED, which kept interest rates steady as expected, sent a cautious message to the markets. Following this decision, all eyes turned to FED Chairman Jerome Powell's presentation to Congress. Powell emphasized that hasty steps would be avoided regarding interest rate cuts, and drew attention to the possible effects of the recent tariffs on inflation. The statements in the speech text reveal that the central bank is waiting for more data for a possible interest rate cut.Bitcoins and altcoins are affected by Powell's speechThe markets experienced sharp fluctuations due to geopolitical developments just before Powell's speech. While the tension between the US and Iran was seen to have created a negative atmosphere in the cryptocurrency market, the ceasefire agreement between Iran and Israel revived risk appetite. While these developments pave the way for a recovery, especially for Bitcoin and leading altcoins, Powell’s messages continue to determine the direction of the market.Critical presentation today at 17:00Powell, who will present the “Six-Month Monetary Policy Report” to Congress today and tomorrow, will answer questions from members at the House Financial Services Committee as of 17:00 GMT. In the text published before the presentation even began, Powell is seen stating that increasing tariff uncertainty could weaken economic activity and create upward pressure on prices.
Daily Market Summary with JrKripto 24 June 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 take a closer look at the overall market sentiment and the latest insights together.Bitcoin dipped below the $100,000 mark at the height of geopolitical tensions over the weekend, following the U.S.'s entry into the Iran–Israel conflict. However, strong buying momentum at the start of the new week helped BTC reclaim this critical psychological threshold. After falling to a low of $98,000, Bitcoin surged to as high as $106,000. A brief pullback after such a sharp rally is considered natural. Holding above the $100,000 level continues to serve as both a technical and psychological support line.As for Ethereum, the $2,100 zone highlighted in our previous analysis has proven to be a solid support area. With buying interest emerging from this level, ETH quickly climbed to the short‑term target range around $2,400. The $2,380 mark is currently being watched as near‑term support, while $2,430 stands as the closest resistance level.Crypto NewsIran and Israel have declared a 12‑hour ceasefire.Trump on the Fed interest rate: “We should be at least two to three points lower.”Goolsbee: “If the uncertainty over tariffs is removed, we should continue to cut rates.”Hassett: “There is no reason for the Fed not to cut rates.”Trump Media has approved a $400 million share buyback.Strategy purchased 245 #Bitcoin at an average price of $105,856.CryptocurrenciesTop Gainers:SEI → increased by 38.5% to $0.28162748.KTA → increased by 31.4% to $0.76449666.TEL → increased by 24.4% to $0.00427768.JASMY → increased by 24.4% to $0.01407185.DOG → increased by 23.0% to $0.00340695.Top Losers:VENOM → declined by 2.6% to $0.16444289.USDB → declined by 1.8% to $0.98318051.LGCT → declined by 1.2% to $1.70.BTSE → declined by 1.2% to $1.67.XAUT → declined by 1.0% to $3,336.58.Fear Index:Bitcoin: 54 (Neutral)Ethereum: 35 (Fear)Dominance:Bitcoin: 65.36% ▲ 0.02%Ethereum: 9.06% ▼ 0.25%Daily Total Net ETF InflowsBTC ETFs: $350.60 millionETH ETFs: $100.70 millionData to Watch Today• 5:00 p.m. – Conference Board (CB) Consumer Confidence (June)Expectation: 99.4 | Previous: 98.0• 5:00 p.m. – Fed Chair Powell's CommentsGlobal MarketsU.S. stock markets closed the day in positive territory following a brief ceasefire between Iran and Israel. Iran’s retaliatory actions were perceived as largely symbolic and, as a result, were not fully priced in by the markets. These developments signaled that the conflict was unlikely to escalate further, helping ease investor anxiety.The S&P 500 rose by 0.96%, the Nasdaq gained 0.94%, and the Dow Jones advanced 0.89%.Meanwhile, the VIX fear index declined by 0.8 points to 19.8, further confirming our comments about the easing of market tension.Oil prices saw a sharp decline, dropping nearly 9%, while bullish sentiment took hold in the futures markets.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → Market capitalization of $3.61 trillion, share price of $486.00, up 1.80%.NVIDIA (NVDA) → Market capitalization of $3.52 trillion, share price of $144.17, up 0.22%.Apple (AAPL) → Market capitalization of $3.01 trillion, share price of $201.50, up 0.25%.Amazon (AMZN) → $2.21 trillion, $208.47, down 0.58%.Alphabet (GOOG) → $2.01 trillion, $166.01, down 1.03%.Borsa İstanbulAccording to data released yesterday, the number of foreign tourists visiting Turkey in May declined by 1.8% year‑over‑year. In the first five months of the year, total foreign tourist arrivals dropped by 1% to 15.6 million.The spike in geopolitical tensions in the Middle East over the weekend appears to have eased in the short term, following recent statements and developments. If global tensions remain subdued, expectations for a potential interest rate cut by the Central Bank of the Republic of Turkey (CBRT) in July could gain traction. This could potentially support upward momentum on Borsa İstanbul.Today, attention will turn to the two‑day NATO Leaders Summit, which will also be attended by President Erdoğan. The BIST 100 index may attempt to move toward the 9,400 level during the session.Companies with the Highest Market Value on the Istanbul Stock ExchangeQNB Finansbank (QNBTR) → 854.25 billion TL, share price of 263.00 TL, up 3.95%.Aselsan Electronics Industry (ASELS) → 667.13 billion TL, share price of 141.10 TL, down 4.08%.Türkiye Garanti Bankası (GARAN) → 484.26 billion TL, share price of 119.80 TL, up 3.99%.Koç Holding A.Ş. (KCHOL) → 370.24 billion TL, share price of 147.40 TL, up 2.08%.Turkish Airlines A.O. (THYAO) → 354.31 billion TL, share price of 266.25 TL, up 5.24%.Precious Metals and Currency PricesGold: 4,240 TLSilver: 46.02 TLPlatinum: 1,681 TLDollar: 39.66 TLEuro: 45.99 TLWe look forward to bringing you the latest updates again tomorrow.
FET Comments and Price Analysis 24 June 2025
FET Technical AnalysisLooking at the FET daily chart, we can see a clear descending channel pattern which has worked properly since the beginning of 2024. Falling Channel Structure The price of the coin is currently trading in the middle band of this descending channel and we have a significant support zone around $0.65–$0.70. The price breaking down this important support zone is trading above the support area again. The price can go down first to the level of $0.53 in case of daily closing below the important level $0.65 and then it can retreat to the level of around $0.33 which is the channel trend support.The level of $0.87 is only possible if the price closes above the level of $0.70 in terms of upward movements. Above this price level, we have the level $1 which is the trend resistance level. Technically, it is highly possible that a breakout will occur in case of next trend test.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
Daily Market Summary with JrKripto 23 June 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 faced heightened volatility over the weekend as the United States became involved in the ongoing Iran–Israel conflict. Despite global tensions, BTC managed to hold its price above the $100,000 mark.After briefly dipping to the $98,000 range, Bitcoin rebounded and tested the $102,130 resistance level once again. The $96,300–$97,900 zone is acting as a strong support area on the downside. In the short term, the next upward target is located at $103,800.On the Ethereum front, the recent market-driven decline was met with buying interest at a critical level. The $2,073–$2,115 range served as a key turning point. If ETH can hold above the $2,240 level, the short-term upside target becomes $2,380.Crypto NewsTexas Strategic #Bitcoin Reserve has become official.Tether minted $2 billion worth of USDT.Bloomberg analyst Eric Balchunas cited the SEC's increased involvement as a positive signal, raising the likelihood of multiple spot crypto ETF approvals to 90% or higher.Reddit is in talks regarding Sam Altman's iris-scanning orb.CryptocurrenciesTop Gainers:• MOVE → Increased by 15.7% to $0.14020405.• IP → Increased by 11.9% to $3.09.• S → Increased by 8.8% to $0.28165327.• KTA → Increased by 6.3% to $0.57939745.• BORG → Increased by 6.2% to $0.17631443.Top Losers:• TRIBE → Declined by 8.6% to $0.39085427.• SFP → Declined by 7.3% to $0.45440006.• ATH → Declined by 6.9% to $0.02971646.• TEL → Declined by 6.5% to $0.00343946.• CHEEMS → Declined by 5.0% to $0.00000132.Fear Index:• Bitcoin: 46 (Neutral)• Ethereum: 41 (Fear)Dominance:• Bitcoin: 65.69% ▼0.03%• Ethereum: 8.82% ▲0.13%Daily Total Net ETF Inflows• BTC ETFs: $6.40 million• ETH ETFs: –$11.30 millionData to Watch Today• 4:45 PM – Manufacturing Purchasing Managers' Index (PMI) (June) Expectation: 51.1 Previous: 52.0• 4:45 PM – Services Purchasing Managers' Index (PMI) (June) Expectation: 52.9 Previous: 53.7• 5:00 PM – Existing Home Sales (May) Expectation: 3.96 M Previous: 4.00 MGlobal MarketsWe’ve just come out of a weekend dominated by escalating tensions between Iran and Israel, with the U.S. also stepping in. While the U.S. targeted Iranian nuclear facilities, Iran has yet to issue a response. In the coming days, all eyes will be on whether Iran launches a counteroffensive or moves to close the Strait of Hormuz.We’ve also wrapped up a volatile week shaped by both geopolitical unrest and key interest rate decisions. Nvidia shares declined by 1.1% on U.S. markets, while the S&P 500 ended the week down 0.2%, and the Nasdaq closed slightly higher with a 0.2% gain.We have left behind a week in which we heard statements from some Fed members suggesting that there could be an interest rate cut in July. The VIX fear index closed at 20.6, down 1.6 points on the last official trading day of the week, but we can anticipate that this level may change today. The bearish sentiment continues in the futures markets.Most Valuable Companies and Stock Prices• Microsoft (MSFT) → Market capitalization of $3.55 trillion, share price of $477.40, down 0.59%.• NVIDIA (NVDA) → Market capitalization of $3.51 trillion, share price of $143.85, down 1.12%.• Apple (AAPL) → Market capitalization of $3 trillion, share price of $201.00, up 2.25%.• Amazon (AMZN) → Market capitalization of $2.23 trillion, share price of $209.69, down 1.33%.• Alphabet (GOOG) → Market value of $2.03 trillion, share price of $167.73, down 3.59%.Borsa İstanbulDomestically, risk perception remains elevated due to ongoing economic and political developments, compounded by global uncertainties. As a result, Borsa İstanbul may exhibit sharper reactions compared to other markets. For the BIST 100 index, the 9,000–9,100 range is being monitored as a key support zone, while resistance is seen in the 9,250–9,340 range.The Consumer Confidence Index, which has been on an upward trend for the past two months yet still lingers below its long-term average, rose 0.3% in June to reach 85.1.The Central Bank of the Republic of Turkey (CBRT) continues to take steps to support the Turkish Lira. While TL deposit targets have been raised, the required reserve ratio for foreign currency‑protected TL accounts has been reduced from 4% to 2.5%.After closing the previous week with a 1.2% loss, the BIST 100 is expected to have a weak start to the new week. Developments in the Middle East will continue to be closely monitored.Companies with the Highest Market Value on the Istanbul Stock Exchange• QNB Finansbank (QNBTR) → Market value of 854.25 billion TL, share price of 248.25 TL, experienced a 2.67% decline.• Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 667.13 billion TL, share price of 145.70 TL, experienced a 0.41% decline.• Türkiye Garanti Bankası (GARAN) → Market value of 484.26 billion TL, share price of 115.70 TL, up 0.35%.• Koç Holding A.Ş. (KCHOL) → Market value of 370.24 billion TL, share price of 146.00 TL, 0.00% change.• Turkish Airlines A.O. (THYAO) → Market value of 354.31 billion TL, share price of 251.25 TL, experienced a 2.14% decrease.Precious Metals and Currency Prices• Gold: 4,285 TL• Silver: 46.13 TL• Platinum: 1,654 TL• Dollar: 39.72 TL• Euro: 45.71 TLWe look forward to bringing you the latest updates again tomorrow.
Daily Market Summary with JrKripto 20 June 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 managed to stay strong despite a challenging week in terms of data and developments. BTC, which is firmly priced above $100,000, has once again reached the resistance zone of $106,600–$107,200. In addition to this horizontal resistance, a trendline resistance is also in play. A breakout above this zone could pave the way for a new all-time high (ATH), with $110,000 and then $114,000 as potential targets. On the downside, the $104,900 support level awaits us. If this support level is broken, the $102,100 and $100,900 support levels emerge as critical resistances.On the Ethereum front, the rising channel pattern we mentioned previously continues to hold. ETH, which is rebounding from the trend support, is experiencing a significant rise as we head into the weekend. The horizontal and channel support, which is around $2,500 on average, continues to hold strong. The next target will be the $2,620 level.Crypto News• An Ohio bill exempting Bitcoin payments under $200 from taxes has passed the House of Representatives.• Fetch Foundation will carry out a $50 million $FET token buyback.• Central Bank of the Republic of Türkiye (CBRT) kept interest rates unchanged.• X CEO Yaccarino: Users will soon be able to invest or trade on the social media platform.• Semler Scientific has announced its three-year plan and intends to purchase 105,000 Bitcoin.CryptocurrenciesTop Gainers:• GT → Increased by 12.8% to reach $17.20.• KAIA → Increased by 12.6% to reach $0.19770911.• IP → Increased by 11.4% to reach $2.90.• HNT → Increased by 11.0% to reach $2.55.• SEI → Increased by 10.9% to reach $0.2017996.Top Losers:• CHEX → Declined by 7.3% to $0.2022507.• RAY → Declined by 6.4% to $2.14.• AB → Declined by 5.5% to $0.01467079.• MORPHO → Declined by 4.9% to $1.29.• AERO → Declined by 4.7% to $0.87750806.Fear Index:• Bitcoin: 55 (Neutral)• Ethereum: 41 (Fear)Dominance:• Bitcoin: 64.86% ▲ 0.05%• Ethereum: 9.48% ▼ 0.04%Daily Total Net ETF Inflows• BTC ETFs: $388.30 million• ETH ETFs: $19.10 millionGlobal MarketsWe previously mentioned speculation that the U.S. might intervene militarily in Iran. The White House has now issued a statement on the matter, indicating that “a decision will be made within two weeks.” This message has slightly eased tensions in global markets. However, it may also be interpreted as a political tactic. Meanwhile, tensions between Iran and Israel persist.U.S. markets were closed yesterday due to a public holiday. However, futures markets are showing a bearish tone this morning. The VIX fear index rose by 2 points to 22.2, signaling that market anxiety remains elevated.The Bank of England announced its interest rate decision yesterday, keeping its policy rate unchanged, as expected. The accompanying statement stressed that caution would be exercised with regard to potential rate cuts.Top Companies and Stock Prices• Microsoft (MSFT) → Market capitalization of $3.57 trillion, share price of $480.24, up 0.46%.• NVIDIA (NVDA) → Market capitalization of $3.55 trillion, share price of $145.48, up 0.94%.• Apple (AAPL) → Market capitalization of $2.94 trillion, share price of $196.58, up 0.48%.• Amazon (AMZN) → Market capitalization of $2.26 trillion, share price of $212.52, down 1.07%.• Alphabet (GOOG) → Market capitalization of $2.11 trillion, share price of $173.98, down 1.83%.Borsa IstanbulYesterday, the Central Bank of the Republic of Turkey (CBRT) kept its policy rate unchanged, as expected. Although some progress was noted on the inflation front, the statement did not provide a clear signal regarding a potential rate cut.According to recent data, short-term external debt stock declined by 2.6% in April to $168.4 billion, while housing sales rose by 17.6% in May.Following the interest rate decision, selling pressure emerged on Borsa Istanbul. However, shares of Tüpraş and Aselsan managed to close the day in positive territory. Today, a slightly bearish trend may be observed on the BIST.Companies with the Highest Market Value on the Istanbul Stock Exchange• QNB Finansbank (QNBTR) → Market value of 840.85 billion TL, share price of 251.00 TL, 0.00% change.• Aselsan Elektronik Sanayi (ASELS) → Market value of 657.10 billion TL, share price of 145.50 TL, 0.97% increase.• Türkiye Garanti Bankası (GARAN) → Market value of 471.66 billion TL, share price of 115.70 TL, 3.03% increase.• Koç Holding A.Ş. (KCHOL) → Market value of 365.17 billion TL, share price of 145.70 TL, increase of 1.18%.• Enka Construction and Industry (ENKAI) → Market value of 356.40 billion TL, share price of 61.60 TL, increase of 1.32%.Precious Metals and Currency Prices• Gold: 4,274 TL• Silver: 45.87 TL• Platinum: 1,654 TL• Dollar: 39.66 TL• Euro: 45.78 TLWe look forward to bringing you the latest updates again tomorrow.
Daily Market Summary with JrKripto 19 June 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 take a closer look at the overall market sentiment and the latest insights together.Bitcoin continues to present a healthy outlook despite ongoing global developments. After starting the new week with an upward move, BTC pulled back upon reaching a key resistance zone. Markets—particularly Bitcoin—responded to the Fed's decision last night with anticipation and are now trending sideways around $104,800.Ethereum remains within its ascending channel and is currently trading at $2,535, just below the $2,580–$2,630 resistance zone. A breakout above this upper resistance area could signal the beginning of a new trend phase.Crypto NewsVanEck's Solana ETF listed on DTCC with ticker $VSOLCrypto Chief David Sacks said the 'Genius Act' stablecoin bill "increases consumer protections and expands the dominance of the US dollar."Tether mints $1 billion in USDTFirst spot $XRP ETF launches in CanadaTrump: Fed has done a bad job so far. We should be 200 basis points lower right now.Fed leaves interest rate steadyOhio bill exempting Bitcoin payments under $200 from taxation passes House of RepresentativesCryptocurrenciesTop Gainers:AERO → up 16.7% to $0.91917647SNT → up 13.6% to $0.05159567RAY → up 10.3% to $2.27.JTO → up 8.6% to $2.32.OKB → up 7.0% to $52.28.Top Losers:IP → down 15.4% to $2.60.KTA → down 9.5% to $0.73814101.STHYPE → down 6.3% to $38.03.WHYPE → down 6.2% to $38.04.HYPE → down 5.9% to $38.02.Fear Index:Bitcoin: 57 (Greed)Ethereum: 51 (Neutral)Dominance:Bitcoin: %64.90 ▲ 0.08%Ethereum: %9.46 ▼ 0.19%Daily Total Net ETF InflowsBTC ETFs: $388.30 MillionETH ETFs: $19.10 MillionGlobal MarketsThe Federal Reserve announced its interest rate decision last night, leaving rates unchanged as expected. However, inflation forecasts were revised upward, while growth projections were lowered. The Fed maintained its projection of two rate cuts later this year.On the Iran-Israel side, tensions remain high. Meanwhile, reports suggest potential U.S. involvement, with speculation growing that Washington may be preparing for a military intervention against Iran. These reports continue to keep tensions high.US stock exchanges closed yesterday with S&P 500 -0.03% - Nasdaq 0.1%. Selling pressure continues.Both the messages given by the Fed and the developments in the Middle East will continue to be closely monitored.The Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.57 trillion market value, $480.24 per share price, increased by 0.46%.NVIDIA (NVDA) → $3.55 trillion market value, $145.48 per share price, increased by 0.94%.Apple (AAPL) → $2.94 trillion market value, $196.58 per share price, increased by 0.48%.Amazon (AMZN) → $2.26 trillion market value, $212.52 per share price, decreased by 1.07%.Alphabet (GOOG) → $2.11 trillion market value, $173.98 per share, down 1.83%.Borsa IstanbulThe CBRT will announce its interest rate decision in Türkiye at 14:00 today. It is expected that the interest rate will remain at 46%. Alongside the interest rate decision, housing sales and short-term external debt figures will be closely followed within the country today.The debt of the private sector's loans received from abroad increased by $2.7 billion in April, reaching $185.9 billion. With this figure, it reached its highest level since November 2019.The pressure of global tensions continues to be reflected in Borsa Istanbul. Yesterday, the BIST100 index showed a selling pressure image. With the selling pressure in the index, a pullback towards 9,000 levels may occur again.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → 845.04 billion TL market value, 252.25 TL per share, 0.00% change.Aselsan Elektronik Sanayi (ASELS) → 645.24 billion TL market value, 143.30 TL per share price, 1.27% increase.Türkiye Garanti Bankası (GARAN) → 480.90 billion TL market value, 115.80 TL per share price, 1.14% increase.Enka İnşaat ve Sanayi (ENKAI) → 364.90 billion TL market value, 62.50 TL per share price, 0.40% increase.Koç Holding A.Ş. (KCHOL) → 362.89 billion TL market value, 145.90 TL per share price, 1.96% increase.Precious Metals and Currency PricesGold: 4291 TLSilver: 46.30 TLPlatinum: 1646 TLDollar: 39.54 TLEuro: 45.36 TLWe look forward to bringing you the latest updates again tomorrow!
Interest Rate Decision Remains Steady, Trump Escalates Tensions: How Did Cryptocurrencies Move?
Cryptocurrency markets were eagerly awaiting the US Federal Reserve's (Fed) interest rate decision on Wednesday and the speech of Fed Chair Jerome Powell. In addition, US President Donald Trump's statements regarding the Iran-Israel tensions drew attention in the market. So, how did all this affect cryptocurrencies?The Fed's interest rate decision was announced in line with expectationsCryptocurrency markets generally maintained their resilience despite both the US Federal Reserve's (Fed) interest rate decision and the increasing geopolitical tensions in the Middle East. However, there is a volatile picture beneath this calm outlook. Although major assets such as Bitcoin (BTC), Ethereum (ETH), XRP and Solana (SOL) experienced short-term gains after the Fed kept interest rates steady at 4.25%-4.50% in line with expectations, a clear direction for investor sentiment still remains uncertain.The Fed’s economic projections released on Wednesday showed that two interest rate cuts were still on the table by the end of 2024, but expectations for 2026 and 2027 pointed to a slower rate cut process. Chairman Jerome Powell’s “wait-and-see” approach delayed markets from finding a clear direction, while also revealing the fragility of altcoins. In particular, artificial intelligence and real asset (RWA)-themed tokens lost 4.8% and 3%, respectively. Tensions are rising in the Middle EastOn the other hand, the escalating tensions in the Middle East were another factor that increased anxiety in the markets. News that the US was considering a direct military intervention in Iran suppressed risk appetite in both traditional and cryptocurrency classes.While the tension between Iran and Israel continues, remarkable statements continued to come from US President Donald Trump. Speaking to reporters, Trump stated that he wanted to end the conflicts in the region, but avoided giving a clear answer on whether the US would make a military move against Iran.Claiming that Iran was in a defenseless position, Trump said, “I can’t say we won’t strike Iran.” He added that he had called on the Iranian side to come to the White House, but that this opportunity was not taken advantage of. He stated that the country’s air defense systems had been largely disabled and that he had a phone call with Russian President Vladimir Putin, who could also take on a possible mediation role.Trump indicated in his statements that patience with Iran was running out. He said, “We expect them to surrender, if they don’t, we will target military facilities,” and that possible scenarios were on the table. While acknowledging that no concrete gains had been made yet, he also emphasized that serious progress had been made.Trump, who drew attention to the fact that the coming days would be critical, stated that Iran had been posing a threat for years and that its desire to attain nuclear weapons capacity posed a great threat. “Next week will be very decisive, perhaps even sooner,” Trump said, signaling that developments in the region could take shape rapidly.Altcoins fell sharplyThis situation led to sharp sales, especially in altcoins. While XRP, Cardano (ADA) and Solana lost more than 1% in value in the last 24 hours, Dogecoin (DOGE) gave up its previous gains with a decline of nearly 10% on a weekly basis. Ethereum, on the other hand, erased its weekly gains and fell by 0.7%.Interest in Bitcoin ETFs continuesDespite all these developments, institutional interest in spot Bitcoin ETFs in the US drew attention. While $389 million in new inflows were recorded in just one day on Wednesday, $19 million in additional funds were flowed into Ethereum ETFs. This reveals that investors continue to seek a “digital safe haven” against volatility.Despite its 13% increase since the beginning of the year, Bitcoin has been on an indecisive course as of this week. “Bitcoin is caught between two worlds, neither responding to risk appetite nor bouncing on geopolitical risks like gold,” FxPro analyst Alex Kuptsikevich said.
Countdown Begins for FED Interest Rate: What Awaits the Crypto Market?
The US Federal Reserve (FED) will announce its June interest rate decision today at 22:00 Turkish time. This decision, which will come after the Federal Open Market Committee (FOMC) meeting held on June 17-18, is also of great interest to the cryptocurrency market. While investors almost certainly see interest rates as being kept constant, the messages to be given by FED Chairman Jerome Powell and the economic projections to be updated will be decisive in terms of the direction of the markets. According to CME Group's "FedWatch" tool, the probability that the FED will keep interest rates constant at 4.25-4.50 percent at this meeting is 99.9 percent. The expectation of a rate cut in June is priced at only 0.1 percent. The same policy will most likely be maintained in July; the probability that interest rates will remain constant is 85.5 percent, while the expectation of a 25 basis point cut is only 14.5 percent. Source: CME Fed Watch Like former Fed chairmen Greenspan, Bernanke and Yellen, Jerome Powell has taken a more cautious stance in the latter stages of his term. According to Nicholas Colas, co-founder of DataTrek Research, Powell follows in the footsteps of previous chairmen who wanted to end their term on a “hawkish” tone, reflecting both a determination to fight inflation and a desire to maintain political independence.Impact on crypto markets: Bitcoin feels the tensionThe impact of the Fed’s interest rate decisions on the cryptocurrency market has become the norm. The decision to be announced today is expected to have a significant impact, if not directly, through the economic forecasts and “dot plot” projections that will accompany it.“Interest rates are expected to remain stable. However, markets are fixated on dot plots. If only two interest rate cuts are expected from Fed officials, the ‘high interest rates for a long time’ narrative could strengthen. This could support the dollar and suppress interest in crypto.”Indeed, Bitcoin price, which is currently struggling to hold on above the $104,000 band, is under pressure due to the geopolitical tensions between Israel and Iran. The possibility of conflict in the Middle East is pushing investors to take a more cautious position, while also increasing the upward pressure on inflation both in the US and globally. According to Matteo Greco, a senior analyst at Fineqia, “A 100 basis point interest rate cut was expected as we entered 2025. However, due to the strong labor market and inflation above the 2 percent target, this expectation has decreased to 50 basis points, and even 25 basis points in some scenarios.”Could the FED decision support Bitcoin?In the short term, “hawkish” FED policies may be suppressive for volatile assets like Bitcoin. However, the fact that high interest rates increase the borrowing cost of the US may increase interest in alternative stores of value in the long term. In this context, a positive environment may arise for assets with limited supply, such as gold and Bitcoin.
Daily Market Summary with JrKripto 17 June 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 take a closer look at the overall market sentiment and the latest insights together.Bitcoin formed a mini trading range over the weekend. With the start of the new week, BTC moved upward and reached as high as $106,600. However, it faced short-term pullbacks from this level. It's worth noting that the $106,500–$107,300 range remains a key resistance zone. Despite global market uncertainty, Bitcoin is displaying strong bullish momentum. If buying pressure continues at this pace, a breakout above this zone could lead to a move toward the next resistance at $108,900. On the downside, holding above the $105,000 level is a positive sign, with the next major support area located at $103,900.As highlighted in our technical analysis section, Ethereum continues to trade within an ascending channel. The $2,580–$2,630 range is acting as a resistance zone. Ethereum appears to have been rejected from this region, briefly dropping to $2,530. However, reactionary buying has pushed the price back up to around $2,580. A successful breakout above this level could take ETH toward the upper boundary of the channel at $2,900. In case of a pullback, the first support is seen at $2,580, followed by a secondary support at $2,500.Crypto NewsJapan kept its interest rate decision steady.Strategy acquired 10,100 BTC.Tron started working on an IPO.President Trump's Truth Social applied for the Truth Social Bitcoin and Ethereum ETF.SEC postponed the staking decision in Franklin's spot Ethereum ETF.Iran asked Qatar, Saudi Arabia, and Oman to pressure Trump to accept an immediate ceasefire with Israel. In return, Iran will show flexibility in nuclear negotiations with the US.Origin's DAO team to buy back $3 million in tokens.SEC accepts Truth Social Spot Bitcoin ETF application.CryptocurrenciesTop Gainers:WBT → up 29.3% to $51.44XCN → up 6.6% to $0.01447374BCH → up 4.2% to $475.32SYRUP → up 3.7% to $0.5457354PENDLE → up 3.5% to $3.96Top Losers:KTA → down 14.9% to $0.88758792SPX → down 13.3% to $1.45EIGEN → down 11.1% to $1.16GIGA → down 11.1% to $0.02168006GRASS → down 10.5% to $1.50Fear Index:Bitcoin: 64 (Greed)Ethereum: 54 (Neutral)Dominance:Bitcoin: 64.76% ▼ 0.17%Ethereum: 9.55% ▲ 1.71%Daily Total Net ETF InflowsBTC ETFs: -$9.61BETH ETFs: $21.40MData to Watch Today15:30 – Core Retail Sales (Monthly) (May)◦ Expected: 0.2%◦ Previous: 0.1%15:30 – Retail Sales (Monthly) (May)◦ Expected: -0.5%◦ Previous: 0.1%Global MarketsYesterday, U.S. stock markets closed higher amid hopes that tensions between Iran and Israel could ease. The S&P 500 rose 0.9%, and the Nasdaq gained 1.5%, with tech stocks leading the rally. In contrast, energy stocks declined alongside falling oil prices. The VIX fear index dropped by 1.7 points to 19.1, indicating a slight easing in market anxiety.However, unconfirmed reports concerning the Strait of Hormuz and the ongoing regional tensions are prompting caution in the markets. This morning, both European and U.S. futures markets saw slight declines.Global markets remain focused on developments along the Iran-Israel axis. As previously noted, interest rate decisions from the Fed, the Bank of England, and the Central Bank of Turkey (CBRT) will also be closely watched this week. While no rate changes are expected, the accompanying statements and updated economic projections will play a key role in shaping market sentiment. In addition, Japan has announced that it is leaving interest rates unchanged.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.56 trillion market cap, $479.14 per share, up 0.88%NVIDIA (NVDA) → $3.53 trillion market cap, $144.69 per share, up 1.92%Apple (AAPL) → $2.96 trillion market cap, $198.42 per share, up 1.00%Amazon (AMZN) → $2.29 trillion market cap, $216.10 per share, up 1.89%Alphabet (GOOG) → $2.15 trillion market cap, $177.94 per share, up 1.17%Borsa IstanbulAccording to the data released yesterday, Turkey's current account deficit in April was $7.9 billion. This is close to market expectations; our estimate yesterday was $7.7 billion. However, the total 12-month deficit increased to $15.8 billion. The data shows us that there is a temporary deterioration in the current account balance. However, the preliminary foreign trade data for May shows that this deterioration may be short-lived and that recovery may begin.On the Borsa Istanbul (BIST) side, pressure continues due to the Iran-Israel tension in the Middle East. Although the news that the parties were seeking a compromise yesterday provided short-term relief, a permanent recovery could not be achieved. The BIST100 index completed the day horizontally-positive at 9,350.One of the most important developments for the markets this week will be the Central Bank of Turkey’s (CBRT) interest rate decision to be announced on Thursday. According to the Market Participants Survey published yesterday, investors think that the TCMB may start reducing interest rates in the second half of the year.When we look at the BIST100 index technically, the range of 9,043–8,994 appears as a strong support area. In the scenario where these levels are maintained, upward attempts are quite healthy. Above, the range of 9,446–9,475 is followed as resistance.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → 858.44 billion TL market value, 258.75 TL per share price, increased by 0.98%Aselsan Elektronik Sanayi (ASELS) → 633.38 billion TL market value, 143.90 TL per share price, increased by 3.60%Türkiye Garanti Bankası (GARAN) → 493.08 billion TL market value, 116.30 TL per share price, decreased by 0.94%Koç Holding (KCHOL) → 371.76 billion TL market value, 145.70 TL per share price, decreased by 0.61%Turkish Airlines Inc. (THYAO) → 366.05 billion TL market value, 262.50 TL per share price, decreased by 1.04%Precious Metals and Currency PricesGold: 4,295 TLSilver: 46.20 TLPlatinum: 1,568 TLDollar: 39.39 TLEuro: 45.59 TLWe look forward to bringing you the latest updates again tomorrow!
Daily Market Summary with JrKripto 16 June 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 take a closer look at the overall market conditions and the latest insights together.Bitcoin formed a narrow trading range over the weekend. With the start of the new week, BTC moved upward, climbing as high as $106,600. The $106,500–$107,300 range remains a key resistance zone. Despite ongoing uncertainty in global markets, Bitcoin is showing strong bullish momentum. If buying pressure continues at this pace, a breakout above resistance could pave the way toward the next target at $108,900. On the downside, holding above the $105,000 level is a positive sign. The next major support lies at $103,900.As noted in our technical analysis section, Ethereum continues to trade within an ascending channel. Currently retesting a key resistance area, ETH has entered the week with strong buying momentum. The $2,580–$2,630 range remains a crucial resistance zone, with Ethereum trading around $2,620 at the moment. A breakout above this level could open the path toward the upper boundary of the channel, around $2,900. In case of a pullback, initial support is seen at $2,580, followed by a secondary support level at $2,500.Crypto NewsVanEck filed an updated version of its spot Solana ETF S-1 application. The SEC approved the Trump Media filing, opening the door to billions of dollars in Bitcoin purchases. Trump: Iran and Israel must reach an agreement. Binance Futures will launch AAVEUSDC and UNIUSDC futures contracts. Cryptocurrencies Top Gainers:KTA → Increased by 15.0% to $0.99917686.CHEX → Increased by 14.7% to $0.24206435.JTO → Increased by 14.1% to $2.30.SYRUP → Increased by 14.1% to $0.52734284.TKX → Increased by 13.0% to $32.38.Top Decliners:XSOLVBTC → Declined by 7.3% to $100,147.47.TRIBE → Declined by 6.3% to $0.42285928.RVN → Declined by 4.6% to $0.01914205.PI → Declined by 2.0% to $0.60475777.GT → Declined by 1.7% to $16.61.Fear Index:Bitcoin: 61Ethereum: 52 Dominance:Bitcoin: 64.58% ▼ 0.18%Ethereum: 9.55% ▲ 0.71%Daily Total Net ETF Inflows BTC ETFs: $301.70 million ETH ETFs: -$2.10 million Global MarketsIsraeli Prime Minister Netanyahu announced on Friday that they had launched an attack on Iran and said that the attacks would continue until the threat was eliminated. Netanyahu's threat is interpreted as Iran being very close to producing nuclear weapons. Attacks between Iran and Israel continued over the weekend. These developments in the Middle East have significantly heightened global tensions.This rising geopolitical tension naturally triggered selling pressure across global markets. While gold and oil prices surged, equity markets experienced minor declines. The VIX index climbed 2.8 points to 20.8, signaling growing anxiety among investors.Trump stated that intensive negotiations for peace are underway and that we may see positive results soon. This week, all eyes will be on developments between Iran and Israel.In financial markets, the Fed, the Bank of England, and the Central Bank of the Republic of Turkey's interest rate decisions will be closely monitored this week. No changes in interest rates are expected at any of these meetings. Another important topic at these meetings will be economic forecasts for the future.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → Market capitalization of $3.53 trillion, share price of $474.96, down 0.82%.NVIDIA (NVDA) → Market capitalization of 3.46 trillion USD, share price of 141.97 USD, down 2.09%.Apple (AAPL) → Market capitalization of 2.93 trillion USD, share price of 196.45 USD, down 1.38%.Amazon (AMZN) → Market capitalization of $2.25 trillion, share price of $212.10, down 0.53%.Alphabet (GOOG) → Market capitalization of $2.13 trillion, share price of $175.88, down 0.62%. Borsa IstanbulToday, important data for the Turkish economy will be announced. The current account deficit, retail sales, number of salaried employees for April, and central government budget data for May will be monitored. In March, the current account deficit stood at $4.1 billion, while preliminary figures for April suggest it may have widened to $7.7 billion. A rising current account deficit typically signals increased demand for foreign currency.Additionally, the Central Bank of Turkey (CBRT) will publish its June Market Participants Survey today. In the previous survey conducted in May, the inflation expectation was 30.35%, while the CBRT’s official forecast remained at 24%.There is also another development that could strengthen the Central Bank's position: TCMB has extended its currency swap agreement with the People's Bank of China for another three years. The agreement allows for transactions up to 189 billion TL.On the stock market front, rising tensions between Iran and Israel have caused significant unease. The BIST100 index closed Friday at around 9,300 points, down 1.8%.As the new week begins, markets will be closely watching both global geopolitical developments and upcoming central bank interest rate decisions.Top Market Capitalization Companies on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 858.44 billion TL, share price of 254.50 TL, down 0.68%.Aselsan Elektronik Sanayi (ASELS) → Market value of 645.24 billion TL, share price of 144.80 TL, up 2.33%.Türkiye Garanti Bankası (GARAN) → Market value of 492.24 billion TL, share price of 117.20 TL, no change.Koç Holding A.Ş. (KCHOL) → Market value of 368.72 billion TL, share price of 145.30 TL, and a decrease of 0.07%.Enka İnşaat ve Sanayi A.Ş. (ENKAI) → Market value of 366.66 billion TL, share price of 61.60 TL, 1.52% decrease. Precious Metals and Currency PricesGold: 4344 TL Silver: 46.20 TL Platinum: 1568 TL Dollar: 39.46 TL Euro: 45.66 TL We look forward to bringing you the latest updates again tomorrow!
