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Eric Trump: It's Time to Change the Broken System with WLFI
Eric Trump once again drew attention with his appearance at the TOKEN2049 conference held in Dubai on May 8, 2025. Making headlines in the crypto world, Trump introduced a new project called World Liberty Financial (WLFI) and clearly expressed his confidence in both this project and Bitcoin.According to Trump, World Liberty Financial aims to repair and reshape the current "broken" financial system. Built on decentralized finance (DeFi) principles, the project seeks to enable users to carry out financial transactions with peace of mind, without relying on intermediaries like banks.WLFI’s stablecoin, USD1, is backed by U.S. Treasury bonds and cash equivalents. This digital asset will operate on the Tron blockchain and will be used in a $2 billion strategic investment by Abu Dhabi-based investment firm MGX into Binance. This step indicates that WLFI is not just another DeFi project, but one that will play an active role in international capital flows.In Trump’s words: “Wait for the next two months and see what happens. WLFI will be one of the fastest-growing crypto projects.”“Bitcoin Is Digital Gold — And the Trump Family Owns a Lot of It”WLFI wasn’t the only topic discussed at the conference. Eric Trump also shared his views on Bitcoin, stating, “I love Bitcoin. I believe it’s digital gold,” and revealed that both he and his father, Donald Trump, own a significant amount of Bitcoin.According to Trump, Bitcoin will experience exponential growth in the coming years. This remark is not just an investment prediction; it also shows that the Trump family views cryptocurrencies as a long-term strategic asset class.A Political Perspective on CryptoThe WLFI project carries not only financial but also political significance. The Trump family’s interest in crypto assets signals that the U.S. should take a more active role in the digital asset ecosystem. Projects like WLFI support decentralization and offer alternative pathways to traditional financial institutions.In conclusion, Eric Trump’s appearance on the TOKEN2049 stage in Dubai highlighted the potential of World Liberty Financial and once again reinforced the Trump family’s position in the crypto market.
Daily Market Summary with JrKripto 9 May 2025
You can find today's "Daily Market with JrKripto," where we compile the most important developments in global and local markets, below. Let's analyze the general market conditions together and take a look at the latest evaluations.Bitcoin (BTC)Bitcoin (BTC) is currently trading at $103,436. The upward trend that started from the $75,930 level gained momentum up to $104,629 by surpassing the $101,059 resistance with strong volume support. Currently, pricing is observed around the $104,000 resistance. If this level is broken upwards, the $108,000 and $109,850 regions can be followed as the next targets. However, in a possible correction, the $101,059 level stands out as the first support. If this level is breached, the $96,115 and $94,570 levels will be followed as support regions, respectively. It is critically important for BTC to maintain permanence above $101,000 to preserve the strength of the trend.Ethereum (ETH)Ethereum (ETH) is currently trading at $2,346. The strong recovery process that started from the $1,486 region carried ETH up to $2,453 by surpassing critical resistances one after another. Currently, ETH is pricing just below this resistance. If the $2,453 level is broken, the $2,595 and $2,981 levels can be followed as targets, respectively. However, in possible profit-taking after the rise, the first support is located at the $2,095 level. Below this level, the $1,790 and $1,692 support levels will gain importance. It is critical for ETH to maintain permanence above the $2,095 level to preserve the upward momentum.Crypto NewsEthereum is experiencing its most significant number of up days since 2021.The SEC announced that a settlement has been reached in the ongoing lawsuit with Ripple and its executives.Trump's China tariffs may be reduced to 50%-54% next week.Treasury Secretary Bessent stated that cryptocurrency needs U.S. leadership to develop globally.Meta is considering supporting stablecoins.Donald Trump: "The stock market is really going to rally now."Donald Trump: "Now is exactly the time to buy stocks."A Standard Chartered analyst apologized for the $120,000 Bitcoin price prediction, stating that the estimate was 'too low.'CryptocurrenciesTop Gainers:PNUT → Up 61.7% to $0.28015996PEPE → Up 42.6% to $0.00001317EIGEN → Up 34.9% to $1.21BRETT → Up 29.6% to $0.08187294ZK → Up 26.5% to $0.06958545Top Losers:LAYER → Down 6.9% to $1.20SAFE → Down 6.1% to $0.52916763KAITO → Down 1.7% to $1.40VENOM → Down 1.4% to $0.11623603BCH → Down 1.0% to $413.40Fear Index:Bitcoin: 69 (Greed)Ethereum: 49 (Neutral)Dominance:Bitcoin: 64.27% ▼ 0.29%Ethereum: 8.54% ▲ 1.95%Daily Total Net ETF InflowsBTC ETFs: $117.40 MillionETH ETFs: -$16.10 MillionGlobal MarketsPositive expectations regarding the trade agreement signed between the U.S. and the UK and the upcoming U.S.-China talks over the weekend have increased optimism in global markets. U.S. President Donald Trump announced that they are close to more trade agreements and that it is an appropriate time to buy stocks. As a result of these developments, U.S. stock indices closed the day with gains. The S&P 500 index rose by 0.58%, the Dow Jones by 0.62%, and the Nasdaq by 1.07%. While most sectors in the S&P 500 index performed positively, discretionary consumer and industrial sectors rose by 1.35%, energy by 1.26%, and the raw materials sector by 1.20%. On the other hand, limited losses were observed in the health, infrastructure, real estate, and consumer staples sectors.According to the trade agreement between the U.S. and the UK, tariffs on UK-origin steel and aluminum products will be reduced to zero. In the automotive sector, the first 100,000 vehicles imported from the UK will be subject to a 10% customs duty. However, some previously announced tariffs, including the 10% tariffs that came into effect on April 2, will continue to be applied. Following this agreement, purchases in U.S. stock markets accelerated, and a slightly positive trend is observed in the futures markets this morning. The VIX volatility index has declined over the past two days, reaching 22.5.In Europe, following the approval of the agreement between the UK and the U.S. and the Bank of England's interest rate cut, the UK's FTSE 100 index closed the day down by 0.3%, while the EuroStoxx 600 index rose by 0.4%. European technology stocks gained 1.9%. In Asian markets, a mixed outlook is observed this morning, with generally flat to positive pricing prevailing.In the U.S. bond market, yields rose following the agreement news. The 10-year bond yield increased by 11 basis points to 4.38%, while the 2-year bond yield rose by 10 basis points to 3.87%. Thus, the difference between the 10-year and 2-year bond yields reached 50 basis points. The dollar index (DXY) rose by 1.0% daily to 100.6, while the Euro/Dollar pair fell by 0.6% to 1.123. In the cryptocurrency market, Bitcoin reached its highest level since the end of January, surpassing $100,000. In commodities, Brent crude oil rose by 2.8% to $62.8 per barrel due to optimistic expectations regarding U.S.-China trade talks. Gold prices, on the other hand, fell by 1.7% following the agreement news, ending the day at $3,306 per ounce.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.26T market cap, $438.17 per share, up 1.11%Apple (AAPL) → $2.95T market cap, $197.49 per share, up 0.63%NVIDIA (NVDA) → $2.86T market cap, $117.37 per share, up 0.26%Amazon (AMZN) → $2.04T market cap, $192.08 per share, up 1.79%Alphabet (GOOG) → $1.88T market cap, $155.75 per share, up 1.93%Borsa IstanbulDomestically, in April, the Treasury's cash balance posted a deficit of 183.5 billion TL, while the primary balance showed a surplus of 73.6 billion TL. In the same period last year, there was a deficit of 237.1 billion TL and a primary deficit of 132.1 billion TL. In April, budget revenues increased by 64.0% annually, while expenditures rose by 40.2%. Thus, the total cash deficit in the first four months of the year reached 1 trillion 85 billion TL.The Istanbul Chamber of Industry's Turkey Export Climate Index decreased by 0.7 points in April, reaching 50.8. The index has remained above the threshold level of 50 for 16 months. However, uncertainties in global trade and economic slowdowns in some export markets appear to have pressured the index. Today, domestic industrial production data for March will be announced. Preliminary indicators suggest that the weak trend in production continues.The BIST 100 index has been finding support above the 9,000 level for the past week and closed yesterday at 9,279 points, up over 2%. Notably, there was intense buying in the defense industry, petrochemical/refinery, aviation, and telecommunications sectors. The positive atmosphere in global stock markets also supported BIST. Today, it is expected that the buying trend in BIST will continue, but the pace of the increase may slow down. Next week, messages from Treasury and Finance Minister Mehmet Şimşek during investor meetings will be closely monitored.From a technical perspective, the BIST100 index rose strongly from the 9,033 level. The 9,044-8,870 range maintains its importance as a support zone. As long as it stays above this area, the upward reaction is expected to continue. However, if it falls below this zone, a pullback to the 8,618-8,500 levels may occur. On the upside, the 9,490-9,594 band is the first resistance area, and if these levels are surpassed, there is potential for a rise towards the 9,740-9,895 band.Most Valuable Companies in Borsa IstanbulQNB Finansbank (QNBTR) → 875.19 billion TL market cap, 263.75 TL per share, up 0.96%Aselsan Elektronik Sanayi (ASELS) → 702.7 billion TL market cap, 150.9 TL per share, down 2.08%Türkiye Garanti Bankası (GARAN) → 422.94 billion TL market cap, 99.7 TL per share, down 1.04%Türk Hava Yolları (THYAO) → 392.61 billion TL market cap, 288.50 TL per share, up 1.41%ENKA İnşaat ve Sanayi (ENKAI) → 381.32 billion TL market cap, 66.85 TL per share, up 2.77%Precious Metals and Exchange RatesGold: 4,126 TLSilver: 40.59 TLPlatinum: 1,235 TLDollar: 38.73 TLEuro: 43.50 TLLooking forward to meeting again tomorrow with the latest news!
Bitcoin's New Strategic Player: David Bailey's "Nakamoto" Initiative
As institutional moves within the Bitcoin ecosystem continue to increase day by day, a notable step has also come from U.S. President Donald Trump’s crypto advisor and BTC Inc. CEO David Bailey. Bailey has raised $300 million to establish a publicly traded Bitcoin investment company named “Nakamoto.” The company’s strategy is based on a model that places Bitcoin at the center of its balance sheet.Nakamoto: A New Generation Investment Firm Adopting Bitcoin as a Core AssetNakamoto takes its name from Bitcoin’s mysterious creator Satoshi Nakamoto and aims to build a Bitcoin-based capital structure by adopting the strategy model led by Michael Saylor. This structure, financed with $200 million in equity and $100 million in convertible debt, will allow the company to benefit from the appreciation of digital assets while diversifying traditional investment portfolios.First Targets: Brazil, Thailand, and South AfricaNakamoto aims for cross-border expansion. In the first phase, the company plans to invest in companies in Brazil, Thailand, and South Africa to expand its global presence. The goal is to accelerate Bitcoin adoption in these countries and secure a strategic position in their local economies.Public Offering in the SummerNakamoto announced it will go public through a reverse merger with an existing company listed on Nasdaq. This process is expected to be completed in the summer. The company also plans to establish an advisory board composed of well-known experts in finance and crypto.Institutional Bitcoin Adoption Is IncreasingThe Nakamoto move comes at a time when interest in Bitcoin at the institutional level continues to grow. David Bailey’s initiative, similar to Jack Mallers’ Twenty One Capital and Vivek Ramaswamy’s Strive Asset Management, highlights a Bitcoin-focused strategy at the institutional level.“Nakamoto” is not just a new Bitcoin company; it represents a new vision for institutional adoption of digital assets. This step, led by David Bailey, could signal the beginning of a new era in which investment models centered around Bitcoin become increasingly common.
Daily Market Summary with JrKripto 8 May 2025
Daily Market Insights with JrKripto: Global & Local Financial HighlightsWelcome to today’s edition of “Daily Market Insights with JrKripto,” where we break down the most important developments across global and local financial markets. Let’s dive into the broader market landscape and take a closer look at the latest evaluations.Bitcoin (BTC) Price UpdateBitcoin (BTC) is currently trading at $99,700, following a strong upward trend that began at the $75,930 support level. This rally has pushed BTC above the critical $95,000–$96,000 resistance zone, bringing it within striking distance of the psychological $100,000 mark.Should BTC decisively break above $100,000 with strong volume, the next potential targets lie at $101,000 and higher. However, any profit-taking in this region could lead to a pullback, with the $95,000–$96,000 range now acting as the first support. Below that, $94,000, $90,500, and $86,500 will serve as key levels to watch.Ethereum (ETH) Price MovementEthereum (ETH) has climbed to $1,940, extending its rally from the $1,486 level. The coin has successfully tested above both $1,888 and $1,900, displaying strong technical momentum. If the upward trend continues, the immediate target is the psychological $2,000 resistance.A breakout above $2,000 could pave the way to the next resistance levels at $2,277 and $2,428. On the downside, $1,888remains the first major support. A drop below that level would shift attention to $1,790 and $1,700. Holding above $1,888 is crucial for ETH to maintain its bullish structure.Top Crypto HeadlinesFederal Reserve Holds Rates Steady – Investors are pricing in three rate cuts this year.Tether Mints $1 Billion in USDTBessent Announces China Negotiations to Start SaturdayEthereum’s Pectra Upgrade Complete – Featuring 11 Ethereum Improvement Proposals (EIPs), this is the most significant update since the 2022 Merge.Crypto Market MoversTop Gainers:MOG → +43.8% to $0.3662PENGU → +27.9% to $0.0143SAFE → +22.5% to $0.5617IBERA → +20.1% to $3.32EOS → +18.4% to $0.8471Top Losers:LAYER → -28.0% to $1.28VENOM → -7.8% to $0.1177OM → -6.5% to $0.3637SYRUP → -6.1% to $0.2226MX → -1.9% to $2.74Fear Index:Bitcoin: 65Ethereum: 54Dominance:BTC: 65.14% ▼ 0.33%ETH: 7.64% ▲ 3.04%Daily Net ETF Flows:BTC ETFs: +$142.3METH ETFs: -$21.8MKey Economic Data to Watch Today15:30 – U.S. Initial Jobless ClaimsForecast: 231K | Previous: 241KGlobal Markets OverviewDespite post-Fed meeting volatility, U.S. equities closed higher thanks to reports suggesting Donald Trump may ease export restrictions on the chip sector.The Federal Reserve kept its policy rate unchanged at 4.25%–4.50%, in a unanimous decision. While recent economic data points to robust growth, inflation remains elevated. The Fed highlighted ongoing uncertainties in the economic outlook and reiterated a data-dependent stance for future rate decisions.Fed Chair Jerome Powell stated that the central bank is well-positioned to “wait and see,” and is in no rush to change rates. Following his remarks, markets initially wavered but rebounded on Trump’s export news. Trump also hinted at a major trade announcement, likely involving the UK.Market Performance:S&P 500: +0.43%Dow Jones: +0.70%Nasdaq: +0.27%Best-performing sectors included consumer discretionary (+1.02%), tech (+0.91%), healthcare (+0.81%), and finance (+0.62%), while telecom (-1.84%), materials (-0.50%), and real estate (-0.02%) lagged.Asian markets are opening strong today, and European indexes are expected to follow with positive momentum.U.S. Tech Giants: Market Cap & Stock PriceMicrosoft (MSFT): $3.22T | $433.35 ▲ 0.01%Apple (AAPL): $2.93T | $196.25 ▼ 1.14%NVIDIA (NVDA): $2.85T | $117.06 ▲ 3.10%Amazon (AMZN): $2.00T | $188.71 ▲ 2.00%Alphabet (GOOG): $1.84T | $152.80 ▼ 7.51%Borsa Istanbul (BIST) UpdateThe BIST100 index closed around 1% lower yesterday, impacted by geopolitical tensions and growth concerns. Aviation, steel, and petrochemical stocks faced heavy selling, while defense and retail sectors outperformed.Fitch Ratings commented in a recent webinar that it does not expect further rate hikes from Turkey’s central bank. However, it warned of a reassessment of Turkish banks if domestic price volatility continues.As Q1 2025 earnings season winds down, weak corporate results may continue to weigh on BIST. All eyes are now on Finance Minister Mehmet Şimşek’s upcoming meetings with international investors.Technical Outlook:Support: 9044 – 8870 – 8725 – 8618Resistance: 9266 – 9475/9490 – 9594 – 9740 – 9895 – 9953Consolidation around current levels could lead to a rebound, but a drop below key support might accelerate downside risk toward the 8500 region.Top Companies on BIST by Market CapQNB Finansbank (QNBTR): ₺890.26B | ₺268.75 ▲ 1.13%Aselsan (ASELS): ₺657.55B | ₺158.00 ▲ 9.57%Garanti Bank (GARAN): ₺419.58B | ₺99.95 ▲ 0.05%Turkish Airlines (THYAO): ₺384.68B | ₺284.50 ▲ 2.06%ENKA (ENKAI): ₺363.14B | ₺62.40 ▲ 0.73%Precious Metals & Exchange RatesGold: ₺4,229Silver: ₺40.73Platinum: ₺1,228USD/TRY: ₺38.65EUR/TRY: ₺43.84See you again tomorrow with more updates and market insights!
Daily Market Summary with JrKripto 7 May 2025
You can find today’s edition of “Daily Market with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the general market conditions together and take a look at the latest assessments.Bitcoin (BTC) is currently trading at $97,000. With a strong upward trend that started from the $75,930 support, BTC has surpassed the $95,000–$96,000 resistance zone and continues to gain upward momentum. If this movement continues, the next target could be the $101,000 level. However, in case of profit-taking, the $94,000–$95,000 range can be monitored as the first support zone. If this level is breached, $90,500 and then $86,500 will be the next key support levels to watch.Ethereum (ETH) is trading at $1,830. The recovery process that began from the $1,486 support has lifted ETH back above the $1,800 level. If the upward move continues, the $1,888 and $1,950 levels could act as resistance. However, if the price pulls back from $1,830, the first support is at $1,790. If it remains below this level, $1,700 could come into play as strong support. For ETH to maintain its upward trend, holding above the $1,790 level is critically important.Crypto NewsTrump: "I will make an announcement that will shake the world."Trump on China: "They want to negotiate."Bitwise filed a spot ETF application for NEAR.The U.S. and U.K. are expected to sign a new trade deal this week.The Governor of New Hampshire signed a bill allowing the state to invest in Bitcoin and cryptocurrencies.Standard Chartered Bank forecasts $BNB will reach $2,775 by 2028.Chinese President Xi: "We are ready to work with EU leaders to broaden mutual openness and handle frictions and disputes appropriately."Top Gainers in CryptoKAITO → up 49.9% to $1.25SYRUP → up 26.9% to $0.2388CVX → up 14.4% to $3.14STX → up 12.7% to $0.8553LTC → up 12.0% to $91.79Top Losers in CryptoMOVE → down 17.9% to $0.1573VIRTUAL → down 17.4% to $1.36LAYER → down 8.7% to $1.78FARTCOIN → down 7.8% to $1.02FRAX → down 6.0% to $2.00Fear IndexBitcoin: 62Ethereum: 43DominanceBitcoin: 65.25% ▼ 0.03%Ethereum: 7.50% ▲ 0.68%Daily Net ETF FlowsBTC ETFs: -$85.70 MillionETH ETFs: -$17.90 MillionData to Watch Today17:30 – U.S. EIA Crude Oil InventoriesForecast: -1.700M | Previous: -2.696M21:00 – FOMC Statement21:00 – Interest Rate DecisionForecast: 4.50% | Previous: 4.50%21:30 – FOMC Press ConferenceGlobal MarketsThe day began with escalating tensions between Pakistan and India turning into active conflict. Reports indicate missile strikes, downed aircraft, and casualties. As both countries are nuclear powers, this conflict raises serious global concerns. Although markets are currently unresponsive, further escalation could negatively impact global markets.This morning, the focus in global markets is on the U.S.–China tariff talks planned in Switzerland. Optimism prevails with hopes that these negotiations might ease trade wars. U.S. and European futures, along with most Asian markets (excluding India), are trading positively. While Asian indices are seeing strong buying, European markets are expected to open flat but positive.In the U.S., the 9-day rally driven by optimism over tariffs has ended. Trump's newly announced tax policies targeting the film and pharmaceutical industries have dampened investor appetite. Furthermore, the announcement that U.S. Treasury Secretary Scott Bessent will meet China’s Deputy Prime Minister in Switzerland between May 9–12 will be closely watched.U.S. indices dropped yesterday:S&P 500: -0.77%Dow Jones: -0.95%Nasdaq: -0.87%Only infrastructure (+1.23%) and energy (+0.10%) sectors posted gains among the 11 sectors of the S&P 500. Healthcare suffered the biggest loss, falling by 2.76%. The industrials and consumer discretionary sectors both declined by 0.85%.The U.S. also released trade data for March. The trade deficit widened by $17.3 billion to $140.5 billion. Most of this increase came from a $16.5 billion rise in the goods deficit. The services surplus decreased by $800 million. While exports remained unchanged, imports rose by 4.4% in anticipation of expected tariff hikes in April.Today, all eyes are on the Fed's interest rate decision. No change is expected in the rate. However, investors will closely monitor the pace of balance sheet reduction, long-term rate projections, and the Fed’s forward guidance signaled during the March meeting.Meanwhile, oil prices have begun to recover, driven by lower-than-expected crude inventory data and a downward revision of production forecasts by the International Energy Agency due to lower prices. This has supported energy sector performance.In general, markets today are navigating between optimism over U.S.–China talks, cautious pricing ahead of the Fed meeting, and the influence of geopolitical developments.Most Valuable Companies and Stock PricesMicrosoft (MSFT): $3.22T market cap, $433.31/share, ▼ 0.66%Apple (AAPL): $2.96T market cap, $198.51/share, ▼ 0.19%NVIDIA (NVDA): $2.77T market cap, $113.54/share, ▼ 0.25%Alphabet (GOOG): $1.99T market cap, $165.20/share, ▼ 0.51%Amazon (AMZN): $1.96T market cap, $185.01/share, ▼ 0.72%Borsa IstanbulDespite some mild buying yesterday, momentum in Borsa Istanbul remains weak. High interest rates, poor corporate earnings, and ongoing political risks continue to pressure the market. Retail and aviation stocks underperformed on concerns about weakening domestic demand. On the other hand, buying in banking, real estate investment trusts (REITs), mining, and defense stocks provided limited support to the index. Nevertheless, the BIST 100 index closed the day flat at 9,135 points. The intraday high was 9,228 points.Movements in both directions remain limited. Technically, the 9,044–8,870 range is still a strong support zone, consistent with previous lows. If the index holds in or just above this range, a continued rebound is possible. But a break below it could increase selling pressure and push the index down to 8,618–8,500. On the upside, initial resistance lies at 9,266. If this is breached, the 9,490–9,594 range is a key resistance zone. If this range is surpassed, the index may target 9,740–9,895–9,953 in the short term.On the macroeconomic side, TÜİK’s seasonally adjusted data shows monthly inflation rose slightly from 2.61% in March to 2.65% in April. Core inflation indicators (B and C indexes) accelerated to 2.84% and 3.02%, respectively, from 1.94% and 2.25% in March. Monthly increases in services hit 3.15%, while goods prices slightly declined (2.41%). Non-energy, non-food goods prices rose from 2.30% to 2.61%, largely due to currency effects.The CPI-based Real Effective Exchange Rate (REER) dropped 2.1% in April, reaching its lowest point since October 2021. This decline was driven by the Turkish lira’s depreciation—2.8% against the dollar and 7% against the euro. However, on an annual basis, REER remains at 11.6%, still indicating a zone of real appreciation.The Treasury borrowed a total of 35.3 billion TL yesterday through auctions, including non-competitive bids. In the 2-year fixed coupon bond auction, the average compound interest rate came in at 47.19%.Central Bank Governor Fatih Karahan stated in his presentation to the Turkish Parliament’s Planning and Budget Committee that current reserves are insufficient compared to short-term external debt and emphasized ongoing efforts to boost reserves.Also today, international credit rating agency Fitch will hold a webinar titled “Turkey’s Credit Outlook and Banking Sector.”Most Valuable Companies on Borsa IstanbulQNB Finansbank (QNBTR): 891.1B TL market cap, 267.75 TL/share, ▲ 0.66%Aselsan (ASELS): 626.54B TL market cap, 145.30 TL/share, ▲ 5.75%Garanti Bank (GARAN): 426.72B TL market cap, 101.50 TL/share, ▼ 0.10%Turkish Airlines (THYAO): 402.62B TL market cap, 289.50 TL/share, ▼ 0.77%ENKA Construction (ENKAI): 375.16B TL market cap, 63.10 TL/share, ▼ 1.41%Precious Metals and Exchange RatesGold: 4,199 TLSilver: 40.73 TLPlatinum: 1,228 TLDollar: 38.64 TLEuro: 43.90 TLWe’ll see you again tomorrow with the latest updates!
TOTAL, ETH/BTC: Comments and Price Analysis 7 May 2025
Crypto Market at the 2025 Peak: Will the Bull Continue After the FOMC? [Detailed TOTAL Analysis]Technical Structure: Historical Resistance Zone and 5-Year TrendThe 2.85T – 2.95T USD region is the peak of the 2021 bull season. This zone acts as a macro resistance line that has not yet been broken. Currently, we are seeing weekly closes just below this line. This indicates that the market is at a critical decision point regarding this level. TOTAL Below that, around 2.15T USD, lies the ascending trend support that has been in place for 5 years. This trend line is essentially the backbone of the bull cycle that started after the pandemic and is still valid today.This structure tells us two things:a) Either the market will clearly break through the 2021 peak and initiate a new super bull,b) Or it will once again get rejected in this region and pull back to major supports to regain strength.Despite short-term declines, the weekly structure shows that ETH is still preparing for a mid-term upward move.Post-FOMC Expectations on May 7: Blue and Red ScenariosBlue Scenario (Positive FOMC → New Bull Wave)In this scenario, if the FED uses a non-hawkish tone in the May 7 meeting, leaves the door open for rate cuts, and emphasizes that "sufficient tightening has been achieved" in the fight against inflation, risk markets could respond with great enthusiasm.In this case, the 2.85T region on the chart would be clearly broken, followed by a healthy retest of that region. Then, the market could head toward the 3.35T USD and higher targets. If this is supported by developments like the Ethereum Pectra Upgrade and spot altcoin ETF applications, we could witness the strongest rally since 2021.Let’s not forget: historically, low volatility + positive divergence after an FOMC has often been the trigger for major bull runs.Red Scenario (FOMC Uncertainty or Short-Term Pressure)In this scenario, even if the FED keeps rates steady, if it uses cautious language regarding inflation, or if markets interpret that "rate cuts are not imminent", or if the 2.85T – 2.95T line cannot be decisively broken; rejection and correction become more likely.Here, the market could first pull back to the 2.65T region, and possibly to the 2.15T – 2.00T zone around the main ascending trend. Such pullbacks often generate high demand in POI (Point of Interest) regions. Especially the trend line zone could, as in the past, serve as an accumulation zone for large funds.However, even in this scenario, the bull structure remains intact. We’re merely talking about a correction to regain balance and market saturation.Macro Trend Continues: 5-Year Support Still IntactThe most important positive signal is that the 5-year ascending trend is still valid.There hasn’t been a single weekly close below this trend.Even in the harshest sell-offs of the 2022 bear season, this trend was preserved.Where we stand today, there’s a structure squeezed between this trend and the 2021 peak. This structure typically indicates an “expansion after compression” model. By nature, such squeezes in bull markets usually break to the upside. If the fundamental triggers listed above (ETFs, rate cut signals) come into play, this breakout could initiate a new ATH wave.ETH/BTC Chart: Historical Lows in Favor of Ethereum ETH/BTC Now let’s look at this structure from the ETH/BTC perspective. The ETH/BTC ratio is currently at levels seen before Ethereum’s major surge in 2021. This ratio is at historical low levels, meaning Ethereum has high potential to gain value against BTC.Considering both Ethereum’s technical structure and ETF speculation, this structure suggests that the altcoin season may start under Ethereum’s leadership. In summary, we are in a structure where Ethereum may gain value not only in USD terms but also against BTC in the coming weeks.Conclusion: A Market Awaiting Bull ConfirmationThe market is still within a macro upward trend.Price is struggling with historical resistance.If the blue scenario kicks in post-FOMC, a new super bull season may begin.The red scenario still points to a healthy correction; as long as the trend isn't broken, the bull structure remains.ETH/BTC is open to strengthening in favor of Ethereum.Therefore, the market is closer to the positive scenario. With a breakout above this region, which represents the 2021 peak, we could see a total market cap of first 3.35T and then 4.0T in the short term.These analyses, which do not provide investment advice, focus on support and resistance levels where short and medium bid trading opportunities can be created according to market conditions. However, the user is solely responsible for trading and risk management. In addition, it is strongly recommended to use stoploss in relation to replacement transactions.
Historic Step from New Hampshire: Bitcoin Becomes an Official Reserve Asset
New Hampshire Becomes First U.S. State to Legalize Bitcoin Investment with Public FundsOn May 6, 2025, New Hampshire made history by becoming the first U.S. state to legalize the use of public funds for Bitcoin investment. Under the newly signed law, the state will be able to allocate up to 5% of its public assets to Bitcoin and similar digital assets.State Treasury Can Now Purchase BitcoinThe law, designated as HB 302, authorizes the New Hampshire State Treasury to direct up to 5% of public funds toward digital assets. However, there's a specific condition for such investments: only assets with a market capitalization exceeding $500 billion are eligible. Currently, the only asset that meets this threshold is Bitcoin.Moreover, these investments cannot be made directly. Instead, they must go through regulated ETFs or licensed custodial services, ensuring a model that prioritizes security and transparency.Inflation Fears and the Search for AlternativesWhy take such a step? The answer from one of the law's architects, Keith Ammon, is clear: “If the federal government managed the dollar properly, this wouldn’t be necessary.” In other words, this move can be seen as an effort to diversify reserves at a time when trust in the dollar is weakening.Put more plainly, the state is developing a “Plan B” against inflation. With its limited supply and decentralized nature, Bitcoin is being positioned as an alternative to traditional financial instruments.Not Just New Hampshire — The First Link in a Chain?According to Dennis Porter, CEO of the Satoshi Action Fund, this decision could open a new chapter not just for New Hampshire, but for the entire U.S. Porter believes this move could serve as a model for other states. And he may be right. While New Hampshire is the first state to include digital assets in its official reserves, it may not be the last.A New Chapter in U.S. Policy?HB 302 is more than just a technical fiscal policy decision — it sends a strong political message. It’s a statement on the future of traditional reserve systems, the long-term reliability of the dollar, and the legitimacy of cryptocurrencies at the state level.The law will go into effect 60 days after its signing. With this, New Hampshire will go down in history as the first U.S. state to officially include digital assets in its reserve list.Years from now, we may look back at this moment as the beginning of an era where Bitcoin found a place in government treasuries. New Hampshire has shown that it's not just a bystander in the digital age — it's a proactive player. Now, all eyes are on whether other states will follow suit.
Daily Market Summary with JrKripto 6 May 2025
You can find today’s “Daily Market with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the general market conditions together and take a look at the latest updates.Here’s the updated version, aligned with current prices and presented as a single, cohesive text:Bitcoin (BTC) is currently trading at $94,300. Following an upward trend that began at the $75,930 support level, the price has managed to hold above the $94,000 mark. BTC continues to test the resistance zone between $95,000 and $96,000. If this level is broken to the upside, $101,000 could emerge as the next target. However, if profit-taking occurs around current levels, the first support lies at $90,500. Below that, $86,500 is considered a stronger support level.Ethereum (ETH) is trading at around $1,800. The recovery that started from the $1,486 support has pushed ETH back above the $1,800 level. Should the upward momentum continue, the resistance levels to watch are $1,888 and $1,950. On the downside, $1,790 will be the first support point in case of a pullback. If ETH drops below this level, $1,700 could act as the next support. Staying above $1,790 is key for ETH to maintain its current upward trend.Crypto NewsChinese President Xi stated: “We are ready to work with EU leaders to expand mutual openness and properly manage frictions and disagreements.”Tether minted $1 billion worth of USDT.Strategy announced the purchase of 1,985 BTC.Binance founder CZ stated that he proposed BNB and BTC as the initial reserve currencies for Kyrgyzstan’s national crypto fund. Previously, CZ had joined Kyrgyzstan’s National Crypto Committee upon the invitation of President Sadyr Japarov.VanEck submitted an S-1 filing for a BNB ETF.President Trump said, “I want crypto. Crypto is important because if we don’t do it, China will.”Top Gainers:DAKU → Up 28.6% to $0.1833SAROS → Up 14.8% to $0.1510TURBO → Up 14.1% to $0.0060MOVE → Up 11.4% to $0.1870SAFE → Up 10.7% to $0.4922Top Losers:LAYER → Down 37.6% to $1.96RAY → Down 13.4% to $2.31DEEP → Down 9.0% to $0.1734BRETT → Down 8.4% to $0.0505FLR → Down 8.4% to $0.0180Other Metrics:24-Hour Volume: $64.06BMarket Cap: $2.92TFear & Greed Index:Bitcoin: 57 (Greed)Ethereum: 51 (Neutral)Dominance:Bitcoin: 64.87% ▲ 0.05%Ethereum: 7.54% ▼ 0.45%Daily Net ETF Flows:BTC ETFs: $425.50 MillionETH ETFs: $0.0 MillionGlobal MarketsU.S. stock indices ended the first trading day of the week with minor losses after nine consecutive days of gains. The S&P 500 fell by 0.64%, the Dow Jones by 0.24%, and the Nasdaq by 0.74%. The consumer staples sector stood out with a slight increase, while energy (-2.02%), consumer discretionary (-1.32%), and tech (-0.85%) were the weakest.The drop in energy stocks was triggered by OPEC+ announcing an additional daily output of 411,000 barrels. Following the announcement, oil prices dropped by 1.85%. Furthermore, former President Donald Trump’s proposal to impose a 100% import tariff on foreign films led to selling pressure in media and entertainment stocks.Looking at economic data, the U.S. ISM services PMI rose to 51.6 in April, beating expectations of 50.2 and March’s 50.8, indicating accelerated activity in the service sector. The new orders index rose to 52.3, suggesting increased demand. However, the employment index remained in contraction territory at 49. The prices index surged to 65.1, the highest since January 2023, reflecting mounting cost pressures. The delivery times index rose to 51.3, suggesting slower deliveries.On the other hand, the S&P Global Services PMI for April was revised down from 51.4 to 50.8, indicating slight weakness. Today, the U.S. will release its March trade balance data; in February, the trade deficit was $122.7 billion.In global markets, China’s Caixin services PMI came in at 50.7, below the expected 51.7, creating a mixed outlook across Asian markets, while European markets are expected to open flat.Markets are now focused on the Fed’s interest rate decision and Chair Powell’s remarks. The Fed is expected to hold rates steady. U.S. weekly crude oil inventory data is also on today’s economic agenda.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.24T market cap, $436.17 per share, up 0.20%Apple (AAPL) → $2.99T market cap, $198.89 per share, down 3.15%NVIDIA (NVDA) → $2.78T market cap, $113.82 per share, down 0.59%Alphabet (GOOG) → $2T market cap, $166.05 per share, up 0.14%Amazon (AMZN) → $1.98T market cap, $186.35 per share, down 1.91%Borsa IstanbulIn Borsa Istanbul, weak momentum and capital outflows persist. Due to high interest rates, poor earnings reports, and ongoing political risks, the pressure on BIST is expected to continue. Technically, the 9000–9100 range serves as support, while the 9250–9280 zone is resistance. About 35% of companies have reported Q1 2025 results, and only 15% showed positive outcomes across six key metrics: revenue, gross profit, EBITDA, EBITDA margin, net profit, and return on equity. This is likely to lead to downward revisions in 12-month average targets and keep the index in a narrow range.Today, PMI and PPI data from Europe will be monitored. Turkey’s 5-year CDS started the day at 349 basis points.In April, Turkey’s CPI rose by 3.0% monthly, slightly below the 3.2% forecast. Annual inflation dropped to 37.86%, down 0.2 points. Core inflation indicators — the B index at 36.8% and the C index at 37.1% — showed minor declines. Due to currency movements, PPI increased by 2.76% month-on-month and fell to 22.5% year-on-year. This trend suggests an upward pressure on inflation, driven by TL depreciation and regulated price adjustments.Today, Turkey’s real effective exchange rate for April will be released. The Treasury will also conduct auctions for 2-year fixed coupon and 7-year floating rate bonds.Following the inflation report, Finance Minister Mehmet Şimşek stated that the year-end inflation is still expected to remain within the Central Bank’s forecast range. He also mentioned that due to new U.S. trade policies, some American companies are in talks to manufacture in Turkey, and efforts to combat the informal economy will be intensified. He will meet with investors in London and Doha next week.Data shows that demand for automobiles, especially imported ones, hit record highs in April. Externally, risk-off sentiment prevails ahead of the Fed meeting. Domestically, Central Bank Governor Fatih Karahan will present to the Parliament’s Planning and Budget Committee today.The BIST 100 index climbed to 9241 yesterday but closed at 9112 after selling pressure. The rebound from 9058 confirms that the 9044–8870 band is a strong support zone. As long as the index stays above this range, recovery may continue. However, sustained trading below this level could lead to a sharper decline toward the 8618–8500 zone. On the upside, 9490–9594 is the next resistance zone, and if breached, the 9740–9895 band may come into play. The index is expected to remain flat in the short term.Most Valuable Companies on Borsa IstanbulQNB Finansbank (QNBTR) → 900.31B TL market cap, 270.00 TL per share, up 0.47%Aselsan (ASELS) → 591.89B TL market cap, 136.90 TL per share, up 5.47%Garanti Bank (GARAN) → 425.88B TL market cap, 102.80 TL per share, up 1.38%Turkish Airlines (THYAO) → 405.72B TL market cap, 293.75 TL per share, down 0.09%ENKA Construction (ENKAI) → 373.70B TL market cap, 64.35 TL per share, up 0.94%Precious Metals and Currency RatesGold: 4,165 TLSilver: 41.06 TLPlatinum: 1,216 TLUSD: 38.60 TLEUR: 43.73 TLLooking forward to seeing you again tomorrow with the latest updates!
Kyrgyzstan's New Roadmap: Is the Era of Bitcoin and BNB Coming in Reserves?
A news that has attracted attention in the crypto world has come from Central Asia. The founder of Binance, CZ, namely Changpeng Zhao, joined the country's National Crypto Committee at the invitation of Kyrgyz President Sadyr Japarov and made a very sound proposal: Bitcoin (BTC) and Binance Coin (BNB) should be used for national reserves.This proposal was suddenly asked, “Is Kyrgyzstan stepping into its digital future so fast?” he raised the question.What Does It Mean to Hold Reserves with Crypto?According to CZ, crypto assets such as BTC and BNB can be the reserve assets of not only individual investors, but also states. This would be a big step for developing countries such as Kyrgyzstan. It both creates an alternative in the fight against inflation and becomes a powerful symbol in the transition to a digital finance system.In line with this vision, there is a memorandum of understanding signed on April 3. This document is not just a statement of intent, it has concrete goals ranging from blockchain education to digital pay systems.Binance Pay Comes to Life in KyrgyzstanAccording to the agreement, Binance Pay will be actively used in the country. In other words, people in Kyrgyzstan will be able to do their coffee and grocery shopping with crypto. This is a development that will lead the region, especially in the field of digital pay systems.A system is being considered that everyone can use, from tourists to local residents. When safety and speed are also involved, there is no reason why this system should not hold.Transformation Supported by EducationBut technology alone is not enough. Information is needed for this transformation to stand. This is where Binance Academy comes into play. The goal is not just to use blockchain, but to produce it. Educational programs are planned for everyone from public servants to students. Kyrgyzstan wants to be not only a consumer, but also a developer.Digital Som and Crypto ReservesAnother important development is the "digital som." Kyrgyzstan's official digital currency is now legal. In other words, the CBDC (Central Bank Digital Currency) is now on constitutional ground in this country. Binance is also supporting this project in a technical sense.On top of that, the evaluation of BTC and BNB as a national reserve instrument is also on the agenda. If this comes to life, Kyrgyzstan will be the first country in Central Asia to use crypto at this level.What Does Kyrgyzstan Want to Do?Let's put it simply, he wants to be ready for the finance of the future and to diversify his economy. By collaborating with global figures such as CZ, it makes this not only a technology investment, but also a matter of prestige.When these steps taken by Kyrgyzstan are referred to as ‘digitalization’, it reminds us that not only infrastructure, but also vision and courage are required. Holding Bitcoin in reserves or buying coffee with crypto on the street may seem radical for today. But the world is changing rapidly. And this time the change may be starting from Bishkek.
Thumzup Media Puts Bitcoin at the Heart of its Reserve Strategy
Social media marketing company Thumzup Media, with its publicly traded status on Nasdaq, is preparing for a move that’s drawing attention in the corporate world.With an application submitted to the U.S. Securities and Exchange Commission (SEC) on May 2, 2025, the company is seeking approval for a $200 million shelf offering, with plans to significantly scale up its Bitcoin purchases using these funds.Clear Strategy: 90% of Cash to BitcoinThumzup does not intend to settle for the 29 BTC currently in its portfolio.A large portion of the funds raised from this new offering will be allocated directly to Bitcoin purchases.The company’s goal is to convert 90% of its cash reserves into BTC, making digital assets a permanent reserve standard.This approach is reminiscent of MicroStrategy’s corporate treasury strategy.The aim is to go beyond traditional reserve instruments and use Bitcoin as a hedge against inflation.Corporate Shift DeepensThumzup’s Bitcoin preference reflects the rapidly growing institutional interest in crypto markets.Spot ETF approvals, state-level Bitcoin reserve laws, and digitizing financial infrastructures are pushing companies toward alternative reserve strategies.This development shows that Bitcoin is now increasingly being viewed as a serious store of value not only for individual investors but also for institutional players.A New Chapter in Digital ReservesThumzup Media’s filing serves as a new example of Bitcoin’s strengthening role in corporate treasuries.If SEC approval is granted, this $200 million capital could reshape not only the company’s balance sheet but also the broader perception of digital assets within the industry.
U.S. Senator Lummis: Bitcoin Law Is the Only Solution to the $36 Trillion Debt
As the United States’ national debt surpasses $36 trillion, Senator Cynthia Lummis has proposed a striking solution to address this massive economic issue: the Bitcoin Act. According to Lummis, simply passing this bill would be enough to solve the country’s debt problem.Introduced to Congress in March 2025 by Senator Lummis and Representative Nick Begich, the Bitcoin Act proposes that the U.S. Department of the Treasury purchase 200,000 Bitcoins per year over the next five years, building a strategic reserve of 1 million BTC in total. This move aims to strengthen the U.S.'s leadership in digital assets and diversify its financial reserves.Full Support from TrumpU.S. President Donald Trump publicly endorsed this initiative.With an executive order signed in March, he paved the way for the Strategic Bitcoin Reserve plan.Trump proposed that the reserve be funded using Bitcoins seized from criminal proceeds, aiming to build a digital asset reserve without burdening taxpayers.Trump’s statement was noteworthy:"With this step, America can become the crypto capital."National Reserve Plan with BitcoinAt the heart of the plan are Bitcoin’s characteristics of limited supply and decentralization.Lummis argues that these features could help protect the U.S. against inflation and provide an alternative solution to the national debt crisis.A reserve of 1 million BTC would account for approximately 5% of Bitcoin’s total supply.Such a large-scale purchase could have strong effects on the market, both in terms of price and perception.The Bitcoin Act is a radical proposal aimed not only at reducing the U.S. debt burden but also at initiating an innovative transformation in the financial system.Senator Lummis’s proposal shows that digital assets have now moved to the center of global economic policy.The fate of this proposal will depend on its implementation process, political support, and market reactions.
BTC Comments and Price Analysis 3 May 2025
Bitcoin at New Thresholds — Markets Enter a Critical Fed WeekBitcoin has completed the first quarter of 2025 with significant volatility. The rally that began from the $73,000–$74,000 range extended up to the $96,000 level and still largely maintains its upward structure. However, at this point, the chart structure is starting to show signs of saturation. Selling pressure from the upper band of the ascending parallel channel has created a short-term resistance zone.Ahead of the May 7 FOMC meeting (Fed Interest Rate Decision), a cautious wait-and-see mood dominates global markets. In this context, it is crucial to evaluate both macroeconomic developments and Bitcoin’s technical structure together. Let’s begin. Current Outlook of BTC 1. Critical POI Levels and S/R Flip ZonesThe first notable feature on the chart is the clear marking of two key POI (Point of Interest) levels:$96,000 Level (Resistance POI): This level coincides with the previous local top and represents a resistance zone that the current price is testing but struggling to break. This area is also important in terms of “liquidity sweep,” as many short positions are stopped out here, which increases the potential for a short-term fake breakout. A sustained breakout of this level could trigger the liquidity between the $99,000–$104,000 range.$88,600–$86,200 S/R Flip Support Block: This zone was confirmed after a strong retest following a previous breakout. The support area has held well and triggered an aggressive response due to a “short trap” effect. As long as there are no 4H or daily candle closes below this zone, the bullish structure can be considered active.These two regions are highly significant in terms of both volume and structural transformation. Traders should closely monitor these areas as POIs and structure their trading plans with appropriate risk management.2. Trend Structure, Channel Support, and Rising Low FormationThe chart shows that the price is moving within a long-term ascending trend channel. The lower band of the channel has been tested multiple times and received strong reactions, while upward breakouts have faced profit-taking at the upper boundaries.a) Trend Continuity: The clearly visible higher high and higher low pattern on the chart confirms the continuation of the bull trend. Especially the major low in March (around $73,000) and the higher low in April suggest a healthy price structure.b) Mid-Channel Line Acting as Support: After the price bounced from the $80,200 level, the middle line of the channel has acted as a support. These inner lines often serve as pivot points in intra-channel micro-wave movements. Holding above this area has allowed the price to climb back up to the $96,000 resistance.c) Breakdown Risk: However, if the lower band of the channel is tested again, it could lead to a structural breakdown. The $74,600 and $72,700 levels are critical supports in this context. A break below these levels might bring a bearish trend scenario into play.3. Liquidity Zones and Manipulation RisksOne important observation on the chart is the clear pricing around liquidity clusters. In particular:a) Liquidity Sweep Around $96,000: There’s a build-up of buy-side liquidity in this zone. Wick formations and low-volume price spikes suggest that large players are pushing price up to liquidate shorts and then driving it back down.b) Dips Below $88,600 Showing “Fakeout” Behavior: This region likely acts as a POI where algorithmic buy orders are triggered. Volume indicators show increased buying pressure around this level.c) The Way Liquidity Zones Function Offers This Insight: Key support/resistance zones should not only be evaluated technically but also from a liquidity-hunting perspective.4. May 7 Fed Decision and Potential ScenariosThe FOMC decision on May 7, 2025, stands out as the most significant macro factor that will determine the direction of this technical structure. Potential scenarios include:a) Rate Cut (0.25% or More): In this case, a sharp upward move can be expected in all risk assets, especially Bitcoin. A strong breakout of the $96,000 level could target the $99,000–$104,000 range. Traders should watch for the sustainability of momentum, keeping an eye on indicators like RSI and MACD.b) Rate Hold (4.50%): In this scenario, the market may initially react neutrally, but Powell’s tone during the press conference will be decisive. A hawkish stance could pull the price back to the $88,600 support, while a dovish tone may strengthen upward momentum.5. Summary and Strategic TakeawaysThe POI levels ($96,000 and $88,600) are the main areas to watch for trading decisions. The trend structure is upward, but being near the upper boundary of the channel may trigger profit-taking. Liquidity zones conceal the true intentions of market participants. Therefore, avoiding the “panic on dips” and “euphoria on pumps” trap is essential. The May 7 Fed decision will test not only Bitcoin’s technical but also its psychological levels. For long-term investors, the $72,700–$74,600 range may offer accumulation opportunities, while short-term traders should consider POI breakouts for trades with well-defined stop-loss levels.This analysis does not constitute investment advice. It focuses on support and resistance levels that may present potential short- to mid-term trading opportunities depending on market conditions. However, all responsibility for trading decisions and risk management lies entirely with the user. The use of stop-loss orders is strongly recommended for any trade setup shared.
Strategy's Bitcoin Reinforcement Continues: The Goals Have Grown
One of the companies investing in Bitcoin on the most aggressive institutional scale, Strategy (formerly known as MicroStrategy), has shared its Q1 2025 results.The announced figures show that the company has not only maintained but also strengthened its commitment to crypto.553,555 BTC: The Strategy Is Now ClearThe total amount of Bitcoin held by Strategy has reached 553,555 BTC.The average purchase price is $68,459.This massive position cost the company $37.9 billion in total.Its current market value is approximately $52 billion.In short, the company has now transformed from a technology firm into a Bitcoin holding company.Targets Revised UpwardThe management has updated its Bitcoin targets for the remainder of 2025:BTC return target: from 15% → 25%BTC profit target: from $10 billion → $15 billionThe strategy has not changed—it has only become bolder.This move shows that the company maintains its long-term conviction despite short-term volatility.But Financial Pressure RemainsThe company reported a net loss of $4.2 billion in Q1.A major part of this loss stems from an unrealized loss of $5.9 billion, calculated under new accounting standards.In other words, this loss is due to the revaluation of unsold BTC based on falling market prices.It’s a paper loss—the positions are still intact.New Capital for New BTC PurchasesTo continue this journey, Strategy is preparing for a new $21 billion stock offering.The plan is clear: the raised capital will be directly used for new Bitcoin acquisitions.This is a continuation of the model the company has been following since 2020.If crypto goes up, the company grows.If it goes down, the balance sheet takes a hit.
Schwab Makes a Strong Entry into the Crypto Market
Charles Schwab, one of the largest investment companies in the world, is expanding its steps in the field of digital assets. The new CEO of the company, Rick Wurster, announced that they are aiming to offer spot cryptocurrency trading in the next 12 months. With this step, Schwab will allow its customers to make direct purchases and sales of cryptocurrencies such as Bitcoin and Ethereum.The company, which already offers crypto ETFs and futures, plans to combine crypto with traditional investment products by opening digital assets to direct trading with this move. "We are closely monitoring regulatory developments and think that with these changes, we will be able to offer spot crypto trading in a secure way," Wurster said.There is also a growing user interest behind Schwab's decision to make this decision. Visits to the company's crypto website have increased by 400% recently, and the vast majority of these visitors are not Schwab customers. This indicates that the direct crypto service can potentially attract a new user base to the platform.The Regulatory Wind Is Blowing From Behind, The Market Reaction Is PositiveThe SEC's steps to ensure that digital assets are held by banks have facilitated the expansion of traditional financial institutions such as Schwab into crypto.With the regulatory environment becoming more “crypto-friendly”, major players are now seriously considering this area.Schwab's announcement also had an impact on the market. While there were upward movements in Bitcoin and Ethereum prices, an increase in transaction volumes was observed. This development shows that corporate entries increase the confidence in the market and accelerate the adoption process.Nevertheless, Wurster warns investors: Crypto assets have high volatility and need to be traded carefully. Schwab aims to provide this process with a secure, regulated and user-friendly infrastructure.Schwab's spot crypto trading plan is an important development for the future of not only the company, but the entire crypto market.The fact that the corporate finance world is moving towards this area shows that crypto will turn into an investment tool not only for technology enthusiasts, but also for the broad masses now.
Daily Market Summary with JrKripto 1 May 2025
You can find our article “Daily Market with JrKripto” below, where we have compiled the most important developments in global and local markets. Let's analyze the general market conditions together and take a look at the latest assessments.Bitcoin (BTC) is currently trading at $95,300. With a strong bullish movement starting from the $75,930 support, the price has settled in the $95,000 – $96,000 resistance band. If this region is exceeded, it can be expected that the rise in BTC will continue to the level of $ 101,000. However, the first support point for profit sales that may occur at current levels will be $ 90,500. If it hangs below this level, it is possible for the decline to deepen to the level of $ 86,500.Ethereum (ETH) is trading at $1,810. With the rise that started at the level of $ 1,486, the price continues to stay above $ 1,800. If the upward movement continues, the resistance levels of $1,888 and $1,950 can be targeted. However, $1,790 will be followed as the first support in possible withdrawals. If persistence is achieved below this level, the $1,700 level for ETH will be the next strong support. Persistence above $1,790 is critical for the continuation of the short-term upward trend.Crypto NewsDonald Trump's son Eric has said that banks that do not adopt crypto will disappear within 10 years.Coinbase has added WLD to its listing roadmap.The United States has contacted China for talks on customs tariffs, Chinese media have confirmed this.North Carolina has passed a bill to create a Strategic Bitcoin Reserve.Canary has applied for a spot ETF for SEI.CryptocurrenciesThose Who Have Risen The Most:VIRTUAL →increased by 42.4% to $ 1.77.BEAM →increased by 23.0% to $0.0088351.PRIME →increased by 22.8% to $3.33.AI16Z →increased by 20.8% to $0.30912477.AERO →increased by 20.7% to $0.71983165.The Ones Who Fell The Most:DRIFT → fell by 7.7% to $0.67915288.LAYER → fell 6.7% to $3.01.DCR → fell 5.6% to $13.13.QGOLD → fell 2.3% to $3,225.41.XAUT → fell 2.1% to $3,234.26.Other Data:Fear Index:Bitcoin: 55Ethereum: 49Dominans:Bitcoin: 64.57% ▲ 0.11%Ethereum: 7.48% ▲ 0.08%Total Net ETF Inflows Per Day BTC ETFs: -56.30 Million$ ETH ETFs: -2.30 Million$ Data to Follow TodayMay 1 - Turkish Labor DayApplications for Unemployment BenefitsExpectation: 224KPrevious: 223KManufacturing Purchasing Managers' Index (PMI) (April)Expectation: 50.7Previous: 50,2ISM Manufacturing Purchasing Managers' Index (PMI) (April)Expectation: 48.0Previous: 49.0Global MarketsUS stock markets ended the day yesterday with a mixed and low volume course. However, the strong technology balance sheets announced after the session close, especially Microsoft's 6.9% and Meta's 5.4% increases, caused positive pricing in futures. Nasdaq futures indices were at a premium of up to 1.5%. While positive expectations in the negotiations with the US trading partners are also influential in this optimism, the fact that China has not yet officially participated in this process continues the cautious approach in the markets.The macroeconomic data showed a weak picture. Private sector employment in the US increased by only 62 thousand people and remained well below expectations. This situation shows that companies are being more cautious in hiring, especially due to tariff-related uncertainties. In addition, the US economy contracted by 0.3% in the first quarter of the year. This contraction was based on a higher-than-expected increase in imports and a weakening in personal consumption. While PCE inflation gave mixed signals, it registered a decrease on an annual basis, indicating an easing in price pressures.The ISM Manufacturing PMI data for March has moved back into contraction territory with 49 points. The index, which can only stay in the expansion zone for two months, showed that the contraction in new and accumulated orders slowed down, but employment losses increased. Supply shortages have accelerated price increases, while inventories have grown and delivery times have extended. This index is expected to decline to 48 points in April. Such data is critical for interpreting the impact of tariffs on businesses.On the international front, while the Bank of Japan left its policy rate unchanged, its failure to give clear signals about an interest rate hike led to the weakening of the Japanese Yen. Oil prices, on the other hand, tested 4-year lows with the news that OPEC+ may increase production. The OPEC+ meeting on May 5 will be critical in this sense.In addition, an agreement was signed between Ukraine and the United States on access to Ukraine's natural resources Dec. This development is interpreted as an effort to get support from Kiev's Trump wing before the upcoming elections in the United States.For the rest of the week, the data calendar is quite busy. In particular, the non-agricultural employment data to be announced on Friday is of great importance for the Fed's monetary policy and may be decisive on the direction of the markets. Apple and Amazon balance sheets will be announced today, and the general mood in the technology sector will be clarified with these data.The Most Valuable Companies and Their Stock PricesApple (AAPL) → market capitalization of $3.19T, price per share of $212.50, an increase of 0.61%Microsoft (MSFT) → market capitalization of $2.94T, price per share is $395.26, an increase of 0.31%NVIDIA (NVDA) → market capitalization of $2.66T, price per share of $108.92, down 0.09%Amazon (AMZN) → market capitalization of $1.96T, price per share of $184.42, down 1.58%Alphabet (GOOG) → market capitalization of $1.94T, price per share of $160.89, down 0.72%Precious Metals and Foreign Exchange PricesGold: 3961 TL Silver: 39.31 TL Platinum: 1191 TL Dollar: 38.44 TL Euro: 43.62 TL Hope to meet you again tomorrow with the latest news!
