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Trump Pressures Fed Chair Powell: “Lower Interest Rates!”
Former US President Donald Trump once again made headlines with his surprise visit to the Federal Reserve (Fed) building in Washington late last night. During the visit, Trump met with Fed Chair Jerome Powell, sharply criticizing not only the renovation costs of the historic building but also the Fed's monetary policy. He gave Powell a clear message, particularly regarding the need to lower interest rates: "Lower interest rates!"Billion-Dollar Renovation DebateThe visit coincided with the alleged renovation of the Fed building, reportedly exceeding $3.1 billion, being a hot topic. Trump called these expenses "unnecessarily inflated," while Powell stated that the figure was inaccurate and included another federal building. This frank exchange between the two took place in front of the press and escalated into a heated exchange when Trump declared, "I renovated a larger building for much less." Trump cited the "Old Post Office" as an example, accusing the Fed of waste. Main Agenda: Interest RatesHowever, Trump's main concern wasn't construction, but monetary policy. Amidst the renovation debate, he directly addressed the Fed Chair, saying, "Let's get this done, but more importantly, let's lower interest rates!" As the 2025 elections approach, Trump appears to be putting increasing pressure on Powell. According to Trump, the current interest rates of around 4.33% are too high and are hindering economic growth.Trump, particularly emphasizing the 1% interest rate target, argued that Powell was late, saying, "Everyone knows what the right thing is." It's reported that some advisors from Trump's team frequently echoed this rhetoric behind the scenes. Following his visit to the Fed, Trump also reported developments on Truth Social. Powell resists: Emphasis on Fed independenceDespite all this pressure, Jerome Powell refuses to allow any steps that would undermine the Fed's independence. While Trump doesn't appear to directly threaten this, he hints at the possibility of dismissing Powell by using the renovation costs as "legal grounds." However, removing a Fed Chair from office is not easy from a constitutional and legal perspective. Past US Supreme Court decisions demonstrate that the Fed must be insulated from political pressures.Economic and Political RisksExperts, however, note that Trump's push for interest rate cuts poses serious economic risks. With inflation still struggling to be brought under control, an aggressive interest rate cut could increase borrowing costs rather than lower them, potentially causing further economic volatility.Trump's emphasis on public debt is also noteworthy. He argues that interest rate cuts are necessary to reduce interest payments, which will exceed $1.1 trillion by 2024. However, Powell believes that maintaining interest rates at this level is more appropriate given current economic data.Lowering interest rates generally increases interest in risky assets, creating a positive environment for Bitcoin and other cryptocurrencies. Lower interest rates can lead investors to shift away from traditional financial instruments (e.g., bonds) and toward assets offering higher returns. At the same time, lower borrowing costs facilitate institutional investors' entry into the crypto market. Therefore, the Fed's decision to cut interest rates could be a bullish catalyst for many cryptocurrencies, especially Bitcoin.For now, Powell isn't backing down. Interest rates are expected to remain steady at the FOMC meeting in July. However, if economic indicators continue to trend positive in the fall, market expectations for a rate cut could strengthen further.
Daily Market Summary with JrKripto July 24, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade in this area. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 area could be targeted.Ethereum has broken out of the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. Having surged sharply to the $3,800 region, ETH has entered the trend zone. A breakout of this zone could indicate significant upward movement for Ethereum. In the event of a pullback, the $3,500 level will act as support.Crypto News21Shares filed an amended S-1 form for the $DOGE ETF.21Shares has applied for a spot ETF for ONDO.US Treasury Secretary Bessent: Negotiations with the EU are progressing better than before.$MIU Coin has been listed on the XT Exchange.Goldman Sachs and BNY are preparing to announce the development of a system that allows institutional investors to purchase tokenized money market funds.Joe McCann reportedly plans to allocate $1 billion for Solana Treasury Co. amid a nearly 70% decline in liquid funds.Tesla neither sold nor bought Bitcoin in the second quarter.CryptocurrenciesTop Gainers:REKT → Up 13.9% to $0.65251379SYRUP → Up 12.6% to $0.48162868SAROS → Up 9.7% to $0.37939587TKX → Up 7.5% to $10.81M → Up 5.2% to $0.44668162Top Fallers:MOVE → Down 23.6% to $0.13945918PUMP → Down 19.9% to $0.00303355FLR → Down 19.1% to $0.02229203APT → Down 16.5% to $4.63GRASS → Down 16.5% to $0.92743664.Fear Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 61.92% ▲ 0.08%Ethereum: 11.49% ▲ 0.21%Total Daily Net ETF InflowsBTC ETFs: -$85.80 MillionETH ETFs: $332.20 MillionGlobal MarketsGlobal markets continue to find support from the US-Japan trade agreement. The US's initiation of similar talks with the European Union is positively impacting European stock markets. Asian stocks, US and European futures are trading higher this morning.Global markets closed strong yesterday thanks to positive news. Risk appetite remains high today. The VIX index fell 1.1 points to 15.4. This level is the lowest in five months and indicates a diminishing perception of short-term risk in the markets.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.17 trillion market capitalization, $170.78 per share, increased 2.25%.Microsoft (MSFT) → $3.76 trillion market capitalization, $505.87 per share, increased 0.12%.Apple (AAPL) → $3.2 trillion market capitalization, $214.15 per share, decreased 0.12%.Amazon (AMZN) → $2.42 trillion market capitalization, $228.29 per share, increased 0.36%.Alphabet (GOOG) → $2.32 trillion market capitalization, $191.51 per share, fell 0.31%.Borsa IstanbulMarkets are watching the Central Bank of the Republic of Turkey (CBRT) interest rate decision, which will be announced at 2:00 PM today. The CBRT, which held interest rates steady in June, is expected to cut the policy rate by 250 basis points today to 43.50%. Ahead of the decision, the BIST-100 index was trading flat around the 10,600 level. Despite intra-session fluctuations following the Special Consumption Tax (SCT) increase, the index is expected to close the day flat above 10,500.Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR) → $1.34 trillion market capitalization, $400.25 per share, increased 0.06%. Aselsan Electronics Industries (ASELS) → Market value of 821.26 billion TL, price per share of 185.4 TL, increased by 2.94%.Turkey Garanti Bank (GARAN) → Market value of 589.26 billion TL, price per share of 140.4 TL, increased by 0.07%.Koç Holding A.Ş. (KCHOL) → Market value of 432.62 billion TL, price per share of 171.0 TL, increased by 0.23%.Turkish Airlines Inc. (THYAO) → Market value of 406.41 billion TL, price per share of 294.75 TL, increased by 0.08%.Precious Metals and Currency PricesGold: 4,396 TLSilver: 50.85 TLPlatinum: 1,819 TLDollar: 40.46 TLEuro: 47.71 TLWe look forward to bringing you the latest updates again tomorrow.
Daily Market Summary with JrKripto July 23, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week within the accumulation zone. As highlighted in our previous newsletters, the $117,900 level remains a key threshold, with the price continuing to hover around this area. On the downside, $111,800 stands out as the major support level. If upward momentum gains strength, the trend resistance at $122,000 could come into play.Ethereum, on the other hand, has broken out of its short-term parallel channel and is now trading within the broader downtrend zone that has persisted since 2021. After a sharp rally toward the $3,800 region, ETH has moved into this zone. A breakout here could pave the way for a significant upward move. In the event of a retracement, the $3,500 level is expected to act as support.Crypto News• Cryptocurrency prediction market Polymarket considers launching its stablecoin.• Trump announces he's considering repealing capital gains tax.• US Treasury Secretary Bessent: The FED must lower interest rates now.• Trump: We need interest rate cuts now.• The FBI concluded its ınvestigation of Kraken's founder and returned seized devices.• Sharplink Gaming announced purchasing 79,949 $ETH last week.• Western Union CEO says the bank ıs considering offering stablecoin products to its customers in digital wallets.• Elon Musk's SpaceX company transferred $152 million in Bitcoin for the first time in three years.• $MIU coin listed on BitMart exchange.CryptocurrenciesTop Gainers:USELESS → Up 20.8% to $0.33583496PENGU → Up 20.1% to $0.04420484REKT → Up 18.1% to $0.71302933FLR → Up 16.2% to $0.02452084MOG → Up 14.5% to $0.00000174Top Losers:CFX → Down 12.8% to $0.18170283KET → Down 4.2% to $0.29333068JUP → Down 4.2% to $0.62018807KAITO → Down 3.3% to $1.62PI → Down 3.0% to $0.47386023Fear Index:Bitcoin: 73 (Greed)Ethereum: 62 (Greed)Dominance:Bitcoin: 60.82% ▼ 0.16%Ethereum: 11.58% ▲ 0.37%Total Daily Net ETF InflowsBTC ETFs: -$68.00 MillionETH ETFs: $533.80 MillionGlobal MarketsWe start the new day with reports that the U.S. has reached or initiated trade negotiations with several Asian countries. Notably, the agreement with Japan and the decision to lower automobile tariffs from 25% to 15% stand out. These developments fueled a gain of over 3% on the Tokyo Stock Exchange. Ongoing discussions with the Philippines, Indonesia, and China are also lending support to regional stock markets. Meanwhile, U.S. and European futures are trading in positive territory this morning.Optimism around trade agreements is boosting risk appetite across markets. Reflecting this sentiment, the VIX volatility index has declined to 16.5, hovering near its July average.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.08 trillion market capitalization, $167.03 per share, down 2.54%.Microsoft (MSFT) → $3.76 trillion market capitalization, $505.27 per share, down 0.94%.Apple (AAPL) → $3.2 trillion market capitalization, $214.40 per share, up 0.90%. Amazon (AMZN) → $2.41 trillion market capitalization, $227.47 per share, down 0.80%.Alphabet (GOOG) → $2.32 trillion market capitalization, $192.11 per share, up 0.50%.Borsa IstanbulYesterday, the Treasury issued $5.35 billion in one-year dollar-denominated government bonds and $463.6 million in lease certificates. This brought total borrowing in July to approximately 494 billion Turkish Lira. This month, 376.4 billion Turkish Lira was planned for domestic borrowing, compared to 316.6 billion Turkish Lira for domestic debt payments.The July Consumer Confidence Index will be released today. The index had increased in the last two months to 85.1, but it is still below its long-term average.The BIST-100 closed flat yesterday due to bank sales. Investors are reviewing their positions ahead of the Central Bank of the Republic of Turkey (CBRT) interest rate decision, scheduled for Thursday, and the Fitch and Moody's reports expected on Friday. Next week, the August 4th inflation data will be the focus. We expect the index to trend sideways today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 391.00 TL, decreased by 2.07%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 806.21 billion TL, price per share of 176.5 TL, decreased by 0.17%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 600.6 billion TL, price per share of 139.4 TL, decreased by 2.52%.Koç Holding A.Ş. (KCHOL) → Market capitalization: 438.2 billion TL, price per share: 173.0 TL, increased by 0.12%.Turkish Airlines Inc. (THYAO) → Market capitalization: 405.72 billion TL, price per share: 297.25 TL, increased by 1.11%.Precious Metals and Currency PricesGold: 4444 TLSilver: 51.05 TLPlatinum: 1880 TLDollar: 40.44 TLEuro: 47.47 TLWe look forward to bringing you the latest updates again tomorrow.
Fed Chair Powell Did Not Give Expected Economic Messages: Focused on Regulations
US Federal Reserve (Fed) Chair Jerome Powell defied expectations with his speech at the Fed Banking Conference in Washington. Powell, who refrained from commenting on the interest rate policies or the economic outlook that markets were eyeing, this time took a completely different direction: financial regulation and competition among banks. This approach disappointed investors who had been expecting clearer signals from the markets and highlighted the Fed's period of silence.Emphasis on regulation over monetary policyPowell's speech was framed within the context of the "blackout" period implemented by the Fed ahead of its July 29-30 meeting. During this period, Fed officials are prohibited from commenting on interest rates or economic forecasts. However, markets were still hoping Powell would offer at least some insightful messages. However, the speech focused entirely on the regulatory framework and the global competitiveness of large banks.Powell described the Fed's structure as "dynamic and open to feedback," arguing that large banks should be able to compete more freely not only domestically but also internationally. Powell, who called for flexibility in capital regulations, implied the need for greater regulatory harmonization by stating, "Banks should be able to compete freely not only with each other, but also with non-bank financial institutions and their competitors in different countries."Calm prevails in crypto and traditional marketsPowell's speech did not directly mention crypto assets, and the impact of his statement was limited in both traditional financial markets and cryptocurrency markets. Leading cryptocurrencies such as Bitcoin and Ethereum continued to trade within their pre-speech price ranges. Market data shows that Bitcoin continued to trade around $119,000 during the speech. Experts note that Powell's silence prevents extreme price movements in the markets and that stability has historically been maintained in crypto markets during Fed blackouts. This situation particularly reflects periods when speculation is reduced and investors await post-Fed statements for direction.Powell receives political supportOn the other hand, Powell's "calm" stance has received political support. In an interview with Fox Business, US Treasury Secretary Besent addressed the recent growing criticism of Powell, saying, “His term ends in May of next year. I don't see any reason for him to resign now. If he wants to stay, he should; if he wants to leave early, that's his decision.” Besent also stated that the Fed's non-monetary activities need to be reviewed and that, in this context, Powell has an opportunity to shape his legacy. These comments suggest that Powell's silence may point to a process not only focused on monetary policy but also redefining the Fed's broader structural responsibilities.
Daily Market Summary with JrKripto July 22, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade in this area. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 area could be targeted.Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. Having surged sharply to the $3,800 region, ETH has entered the trend zone. A breakout of this zone could lead to significant gains for Ethereum. In the event of a pullback, the $3,500 level will act as support.Crypto News$MIU Coin was listed on the BitMart Exchange.Elon Musk's SpaceX company transferred $152 million worth of Bitcoin for the first time in three years.Spot Ethereum ($ETH) ETF trading volume exceeded $3.1 billion today.MicroStrategy Inc. - The strategy announced the IPO of 5 million STRC shares. The proceeds will be used for general corporate purposes, including purchasing Bitcoin.GameSquare added 8,351 ETH to its crypto treasury.Tron founder Justin Sun will travel to space on a Blue Origin rocket.Polymarket is acquiring an exchange to re-enter the US after the Department of Justice (DOJ) closed its investigation.Ethena announced a $260 million purchase of $ENA.BitGo filed confidentially for an IPO in the United States.Trump Media announced that its Bitcoin purchases have reached $2 billion.CryptocurrenciesTop Gainers:TKX → Up 27.7% to $10.12ZBCN → Up 10.6% to $0.00388996QNT → Up 9.6% to $130.64KAS → Up 7.9% to $0.11380462AIOZ → Up 7.1% to $0.45738223Top Losers:PUMP → Down 14.7% to $0.00369132CKB → Down 13.2% to $0.00542485MORPHO → Down 12.4% to $1.92BLUR → Down 11.9% to $0.10628191XTZ → Down 11.5% to $0.95667116.Fear Index:Bitcoin: 72 (Greed)Ethereum: 60 (Greed)Dominance:Bitcoin: 60.99% ▲ 0.71%Ethereum: 11.61% ▼ 1.44%Total Daily Net ETF InflowsBTC ETFs: -$131.40 MillionETH ETFs: $296.50 MillionGlobal MarketsGlobal risk appetite is balanced. The Japanese elections concluded uneventfully but without uncertainty. While political pressure on Fed Chair Powell continues, the market impact is limited at this stage.The VIX index rose slightly to 16.7 yesterday but remained around the July average, signaling continued cautious optimism.The US leading indicator index fell 0.3% to 98.8 in June. While the stock market rose, weakening consumer confidence and orders offset this effect. While concerns about tariffs have negatively impacted confidence since the beginning of the year, a partial recovery has been observed recently.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.18 trillion market capitalization, $171.38 per share, down 0.60%.Microsoft (MSFT) → $3.79 trillion market capitalization, $510.06 per share, unchanged (0.00%).Apple (AAPL) → $3.17 trillion market capitalization, $212.48 per share, up 0.62%. Amazon (AMZN) → $2.43 trillion market capitalization, $229.30 per share, increased by 1.40%.Alphabet (GOOG) → $2.31 trillion market capitalization, $191.15 per share, increased by 2.80%.Borsa IstanbulThe Central Bank of the Republic of Turkey (CBRT)'s July Market Participants Survey has been released. Year-end inflation expectations fell to 29.7%. The 2026 forecast remained unchanged at 20.4%. Long-term expectations remain above the CBRT's target range. The interest rate cut is expected to begin this month and continue in 250 basis point increments at each meeting for the rest of the year.The Treasury issued 23.8 billion TL worth of lease certificates with a 5-year maturity yesterday. Today, dollar-denominated bonds and lease certificates will be sold. The BIST-100 continued its upward trend, closing at its highest level since March 18th. The index is 6% below last year's peak. While bond yields have eased, they are still 100 basis points above early July levels. The CDS premium has fallen to 285 basis points. BIST is expected to continue its buying trend today. Second-quarter earnings and the August 4th CPI data will be closely watched later this week.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 439.00 TL, increased by 9.96%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 806.21 billion TL, price per share of 176.3 TL, decreased by 0.28%. Türkiye Garanti Bankası (GARAN) → 600.6 billion TL market capitalization, 142.1 TL per share price, decreased by 0.63%.Koç Holding A.Ş. (KCHOL) → Market capitalization: 438.2 billion TL, price per share: 172.0 TL, decreased by 0.46%.Turkish Airlines Inc. (THYAO) → Market capitalization: 405.72 billion TL, price per share: 297.50 TL, increased by 1.19%.Precious Metals and Currency PricesGold: 4396 TLSilver: 50.66 TLPlatinum: 1889 TLDollar: 40.40 TLEuro: 47.25 TLWe look forward to bringing you the latest updates again tomorrow.
Daily Market Summary with JrKripto July 21, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week within the accumulation zone. As highlighted in our previous newsletters, the $117,900 level remains a key threshold, and BTC continues to hover around this area. On the downside, the primary support lies at $111,800, while a move to the upside could target the trend resistance at $122,000.Ethereum, meanwhile, has broken out of its short-term parallel channel and is now trading within the broader downtrend zone that has been in place since 2021. After a sharp rally toward the $3,800 region, ETH has entered this trend zone. A breakout here could signal a strong upward move for Ethereum. In case of a pullback, the $3,500 level is expected to act as support.Crypto NewsThe supply of Ethena's stablecoin, $USDE, has surpassed $6 billion, reaching an all-time high.Trump signed the stablecoin bill into law.Trump on trade agreements: There are major agreements to be announced soon. We have several important trade letters.Mastercard said crypto stablecoins "enable faster, lower-cost cross-border payments."Coinbase stock reached its highest level since its 2021 IPO.US banking giant Charles Schwab announced that it will begin offering trading services for Bitcoin and Ethereum.The total market capitalization of crypto assets has surpassed $4 trillion for the first time.CryptocurrenciesTop Gainers:CFX → Up 93.3% to $0.23443022OM → Up 43.6% to $0.3408515CKB → Up 37.0% to $0.00613046TRAC → Up 32.3% to $0.56129275BLUR → Up 28.6% to $0.1174197Top Losers:FRAX → Down 10.7% to $3.60TKX → Down 6.7% to $8.50USELESS → Down 4.8% to $0.27799262XTZ → Down 4.5% to $1.08CHEEMS → Down 3.9% to $0.0000014.Fear Index:Bitcoin: 72 (Greed)Ethereum: 62 (Greed)Dominance:Bitcoin: 60.94% ▲ 0.13%Ethereum: 11.81% ▼ 0.16%Total Daily Net ETF InflowsBTC ETFs: $363.50 MillionETH ETFs: $402.50 MillionGlobal MarketsAfter reaching record highs last week, global markets closed the week calmly in the wake of the Japanese elections. The VIX index fell to 16.4, closing near July's lows, indicating that risk appetite remains intact.In the US, the University of Michigan consumer confidence index rose to 61.8 in July. The current conditions index rose to 66.8, and the expectations index rose to 58.6. Inflation expectations fell sharply: the 12-month outlook fell from 5% to 4.4%, and the 5-year outlook fell from 4% to 3.6%.Housing starts increased by 4.6% month-over-month in June, reaching 1.32 million units. This was a 0.5% decrease compared to the same period last year. Building permits, contrary to expectations, increased by 0.2%. The annualized figure reached 1.40 million units.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.21 trillion market capitalization, $172.41 per share, decreased by 0.34%.Microsoft (MSFT) → $3.79 trillion market capitalization, $510.05 per share, decreased by 0.32%. Apple (AAPL) → $3.15 trillion market capitalization, $211.18 per share, up 0.55%.Amazon (AMZN) → $2.4 trillion market capitalization, $226.13 per share, up 1.01%.Alphabet (GOOG) → $2.25 trillion market capitalization, $185.94 per share, up 0.67%.Borsa IstanbulDomestically, the Central Bank of the Republic of Turkey (CBRT) will release its July Market Participants Survey today. The Treasury will conduct direct sales of 5-year lease certificates today and 1-year dollar-denominated bonds and lease certificates tomorrow.This week, markets will focus on Thursday's CBRT interest rate decision. Expectations are for a 250 basis point cut to 43.50%. Fitch and Moody's Turkey reports will be monitored on Friday. The expectation of a rating upgrade from Moody's is prominent.The BIST 100 finished flat last week. Bank stocks fell 2.8% on a weekly basis, while Aselsan rose 8%. The insurance and REIT indices also showed positive divergence. The index is expected to trend flat on the first day of the week.Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.22 trillion TL, price per share of 363.00 TL, increased by 10.00%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 757.87 billion TL, price per share of 166.20 TL, increased by 2.66%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 583.8 billion TL, price per share of 139.00 TL, decreased by 1.84%.Koç Holding A.Ş. (KCHOL) → Market value 421.97 billion TL, price per share 166.40 TL, decreased by 1.13%. Turkish Airlines Inc. (THYAO) → Market capitalization: 398.82 billion TL, price per share: 289.00 TL, decreased by 0.09%.Precious Metals and Currency PricesGold: 4361 TLSilver: 49.66 TLPlatinum: 1872 TLDollar: 40.39 TLEuro: 47.00 TLWe look forward to bringing you the latest updates again tomorrow.
Daily Market Summary with JrKripto July 18, 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.We mentioned in our previous newsletters and analyses that Bitcoin faces resistance around $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically sound pullback. If a reversal from $117,900 occurs, we can expect a move back into the trend zone. We currently see it remaining above $118,000. In the opposite scenario, the $114,000 support will be decisive in the short term.Ethereum, on the other hand, appears to have more volume compared to BTC. It has made a clear break above the $3500 level and is now trading near the $3700 resistance area.Crypto NewsSharpLink Gaming has filed for a $5 billion share sale to acquire more ETH. The US House of Representatives has passed the latest crypto bill, Anti-CBDC. The bill, which bans the Fed from issuing digital currencies, will be sent to the Senate.The US House of Representatives has formally passed the crypto bill CLARITY.The House Passes the Crypto Market Structure Bill, Sends it to the Senate.The US House of Representatives has also passed the other crypto bill, GENIUS.Blackrock has applied to add staking to its Ethereum ETF.NASDAQ has submitted a proposal to allow staking for the iShares Ethereum Trust.CryptocurrenciesTop Gainers:TKX → Up 62.1% to $10.96GIGA → Up 25.5% to $0.02435242LDO → Up 22.6% to $1.14SNEK → Up 20.5% to $0.004006UNI → Up 19.4% to $10.62Top Losers:CVX → Down 14.2% to $4.49CHEEMS → Down 9.2% to $0.0000015DEXE → Down 6.4% to $7.98BONK → Down 6.3% to $0.00003593USELESS → Down 6.0% to $0.32065324 Fear Index:Bitcoin: 73 (Greed)Ethereum: 55 (Greed)Dominance:Bitcoin: 61.73% ▼ 0.82%Ethereum: 11.26% ▲ 2.18%Total Daily Net ETF InflowsBTC ETFs: $514.80 MillionETH ETFs: $584.80 MillionGlobal MarketsGlobal risk appetite is generally strong. US and European futures indices are bullish, while Asia is flat. The VIX index fell to 16.5, returning to last week's average. This suggests that risk appetite is increasing due to the better-than-expected US retail sales, employment data, and earnings figures.In the US, retail sales increased by 0.6% month-over-month in June, exceeding expectations (0.1%), while sales excluding automotive and gasoline also rose by the same amount. The control group, which reflects economic growth, also increased by 0.5%. Unemployment claims fell below expectations at 221,000 for the week of July 12th. Thus, while the labor market remains positive, the four-week average number of claims also declined. However, continuing claims, at 1.96 million, remain above 1.9 million since May.Most Valuable Companies and Stock Prices• NVIDIA (NVDA) → $4.22 trillion market capitalization, $173.00 per share, increased by 0.95%.• Microsoft (MSFT) → $3.8 trillion market capitalization, $511.70 per share, increased by 1.20%. • Apple (AAPL) → $3.14 trillion market capitalization, $210.02 per share, down 0.07%.• Amazon (AMZN) → $2.38 trillion market capitalization, $223.88 per share, up 0.31%.• Alphabet (GOOG) → $2.23 trillion market capitalization, $184.70 per share, up 0.51%.Borsa IstanbulThe Borsa Istanbul stock market saw a 2.5% rise yesterday, noting strong inflows. The index is expected to head towards the 10,450/10,500 resistance zone. With net foreign inflows of $1.1 billion in June, total inflows reached $1.9 billion in the first half of the year.Home sales in June increased by 35.8% year-over-year to 107,723. However, there was a 5.3% month-over-month decrease in seasonally adjusted terms. Mortgaged sales increased by 112.6% annually. Sales to foreigners increased by 8.7%. Housing prices increased by 2% in June, with an annual increase of 32.8%, and a real decrease of 1.7%.Short-term external debt stock increased by 1.2% in May, reaching $170.3 billion. Total external debt with a maturity of one year or less reached $222.3 billion. The stock market is expected to see strong buying activity today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.05 trillion TL, price per share of 325.00 TL, increased by 10.0%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 737.35 billion TL, price per share of 162.70 TL, increased by 0.62%. • Garanti Bank of Turkey (GARAN) → 562.38 billion TL market capitalization, 134.90 TL per share, increased by 0.75%.Koç Holding A.Ş. (KCHOL) → 408.28 billion TL market capitalization, 161.60 TL per share, increased by 0.37%.Turkish Airlines Inc. (THYAO) → Market capitalization: 393.3 billion TL, price per share: 289.00 TL, increased by 1.40%.Precious Metals and Currency PricesGold: 4331 TLSilver: 49.79 TLPlatinum: 1905 TLDollar: 40.37 TLEuro: 46.96 TLWe look forward to bringing you the latest updates again tomorrow.
Daily Market Summary with JrKripto July 17, 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.We mentioned in our previous newsletters and analyses that Bitcoin faces resistance around $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically healthy pullback. If a reversal from $117,900 occurs, we can expect a move back into the trend zone. We currently see it remaining above $118,000. In the opposite scenario, the $114,000 support will be decisive in the short term.Ethereum, on the other hand, appears to have more volume compared to BTC. It made a clear break above $3,400 and is now trading near the $3,500 resistance level.Crypto NewsThe BlackRock Ethereum ETF saw $500 million in inflows yesterday.ETH broke above $3,400 for the first time since February.Holders of Trump's World Liberty Financial cryptocurrency have voted to make the token tradable.The US House of Representatives has formally passed the Anti-CBDC Act, the Genius Act, and the Clarity Act.Investors are pricing in a greater than 50% chance that the Fed will cut interest rates in September.Windtree Therapeutics will purchase $200 million worth of BNB for its treasury.Bank of America: "The company will collaborate with some stablecoins."CryptocurrenciesTop Gainers:FLOKI → Up 34.6% to $0.0001343CRV → Up 23.7% to $0.98030287MEW → Up 23.6% to $0.00397761BONK → Up 21.7% to $0.00003807TOSHI → Up 18.3% to $0.0007296Top Losers:TKX → Down 27.6% to $6.74PUMP → Down 19.0% to $0.00531582M → Down 18.0% to $0.3304374KTA → Down 12.7% to $0.74222945PENGU → Down 10.4% to $0.03000343Fear Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 63.08% ▲ 0.05%Ethereum: 10.82% ▼ 0.56%Total Daily Net ETF InflowsBTC ETFs: $799.40 MillionETH ETFs: $726.60 MillionGlobal MarketsMarkets are experiencing volatility due to concerns about the Fed's independence and its balance sheet announcements. Rumors that Trump will fire Fed Chair Powell sent the VIX volatility index to 19.5, but the index closed at 17.2 after Trump denied the news.In the US, the June PPI remained unchanged on a monthly basis, while the annual increase slowed from 2.7% to 2.3%. Industrial production increased by 0.3%, exceeding expectations, and capacity utilization rose to 77.6%. Mortgage applications fell by 10%, recording their sharpest weekly decline since mid-April; the 30-year mortgage rate rose to 6.82%.As the Trump-Powell tensions continue, global markets are seeing negative US futures, positive European futures, and mixed Asian futures.Most Valuable Companies and Stock Prices:NVIDIA (NVDA) → $4.18 trillion market capitalization, $171.37 per share, up 0.39%Microsoft (MSFT) → $3.76 trillion market capitalization, $505.62 per share, down 0.04%Apple (AAPL) → $3.14 trillion market capitalization, $210.16 per share, increased by 0.50%Amazon (AMZN) → $2.37 trillion market capitalization, $223.19 per share, decreased by 1.40%Alphabet (GOOG) → $2.22 trillion market capitalization, $183.77 per share, increased by 0.37%Borsa IstanbulFollowing a positive opening yesterday at Borsa Istanbul, the BIST 100 index fell nearly 3% following news of Israel's strike on Damascus. It then recovered nearly 2%, closing the day with a 1.02% loss at 10,121 points. Reaction buying may continue today. Resistance levels at 10,300 and 10,450, and support levels at 10,000 and 9,800 should be closely monitored.In June, the central government budget posted a deficit of 330.2 billion TL. This figure was below the Treasury's cash deficit but above the same month last year. The primary deficit was 54.5 billion TL, bringing the total deficit in the first half of the year to 980.5 billion TL, and the 12-month cumulative deficit to 2.3 trillion TL.Companies with the Highest Market Capitalization on Borsa Istanbul:QNB Finansbank (QNBTR) → Market capitalization of 1.05 trillion TL, price per share of 325.00 TL, increased by 3.83%Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 737.35 billion TL, price per share of 162.70 TL, increased by 0.62%Türkiye Garanti Bankası (GARAN) → Market capitalization of 562.38 billion TL, price per share of 134.90 TL, increased by 0.75%Koç Holding A.Ş. (KCHOL) → Market capitalization of 408.28 billion TL, price per share of 161.60 TL, increased by 0.37%Turkish Airlines Inc. (THYAO) → Market capitalization of 393.3 billion TL, price per share of 289.00 TL, increased by 1.40%Precious Metals and Currency Prices:Gold: 4322 TLSilver: 49.01 TLPlatinum: 1836 TLDollar: 40.25Euro: 46.82 TLWe look forward to bringing you the latest updates again tomorrow.
Daily Market Summary with JrKripto July 16, 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.We mentioned in our previous newsletters and analyses that Bitcoin faces resistance at $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically sound pullback. A reversal from $117,900 could lead to a move back into the trend zone. In the opposite scenario, the $114,000 support level will be decisive in the short term.Ethereum continues to test the critical areas mentioned in the analysis, and even price above them.Crypto NewsStandard Chartered, through its UK subsidiary, has begun offering spot trading services for Bitcoin and Ethereum to institutional clients. The bank is the first major global bank to offer this service. (Reuters)A whale, who began selling from his 80,000 Bitcoin holdings, sent another 40,000 BTC worth $4.6 billion to Galaxy Digital.ProShares is launching ETFs targeting double the daily returns of Solana (SOL) and XRP.Donald Trump: Inflation has arrived. The Fed must lower interest rates. And now.SharpLink Gaming announced it holds 280,706 ETH.CryptocurrenciesTop Gainers:COW → Up 21.7% to $0.44006204ENS → Up 19.3% to $26.55CVX → Up 15.9% to $4.45BSV → Up 15.5% to $29.84TEL → Up 13.8% to $0.00647608Top Losers:TKX → Down 15.5% to $9.15M → Down 8.2% to $0.39629311FARTCOIN → Down 4.6% to $1.21EUL → Down 4.0% to $13.23FUN → Down 3.2% to $0.0214798Fear Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 63.80% ▲ 0.08%Ethereum: 10.31% ▼ 0.05%Total Daily Net ETF InflowsBTC ETFs: $403.10 MillionETH ETFs: $192.30 MillionGlobal MarketsThe inflation data released in the U.S. yesterday for June came in slightly above expectations. The Consumer Price Index (CPI) rose by 0.3% on a monthly basis, while annual inflation reached 2.7%, compared to the forecast of 2.6%. Core inflation, which excludes food and energy, increased to 2.9% year-over-year.Rising energy and food prices played a key role in the uptick. Following the data, expectations for a Federal Reserve rate cut this year have weakened, with markets now pushing their projections to the fourth quarter of 2025. There is even growing speculation that rate hikes could be back on the table later this year.After the inflation data, the VIX index edged up slightly to 17.4, signaling a modest deterioration in risk sentiment. Despite this, global markets opened the day on a positive note, with buying activity observed in U.S. and European futures as well as Asian markets.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.17 trillion market capitalization, $170.70 per share, up 4.04%Microsoft (MSFT) → $3.76 trillion market capitalization, $505.82 per share, up 0.56%Apple (AAPL) → $3.12 trillion Market capitalization, price per share: $209.11, up 0.23%Amazon (AMZN) → Market capitalization: $2.4 trillion, price per share: $226.35, up 0.29%Alphabet (GOOG) → Market capitalization: $2.21 trillion, price per share: $183.10, up 0.16%Borsa IstanbulThe Treasury borrowed a total of 90.3 billion TL in auctions held on Monday. The average compound yield on 2- and 5-year fixed-coupon bonds was 40.80% and 36.15%, respectively.Today, May service and construction production indices, private sector foreign loan debt, and June budget balance data will be released.Selling pressure was prominent in banking stocks on Monday. Today, however, may be a day where foreign influences will be closely monitored due to high inflation data in the US and geopolitical developments. We expect a flat trend in the BIST-100.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of TL 989.09 billion, price per share of TL 295.25, increased by 1.37%Aselsan Elektronik Sanayi (ASELS) → Market capitalization of TL 709.08 billion, price per share of TL 155.5, increased by 0.97%Türkiye Garanti Bankası (GARAN) → Market capitalization of TL 577.5 billion, price per share of TL 137.5, decreased by 3.31%Koç Holding A.Ş. (KCHOL) → Market capitalization of TL 417.16 billion, price per share of TL 164.5, decreased by 0.66%Türk Hava Yolları A.O. (THYAO) → Market capitalization 401.58 billion TL, price per share 291.00 TL, decreased 0.68%Precious Metals and Currency PricesGold: 4314 TLSilver: 49.06 TLPlatinum: 1754 TLDollar: 40.24 TLEuro: 46.77 TLWe look forward to bringing you the latest updates again tomorrow.
Bitcoin Fluctuates Following US Inflation Data
The latest US inflation data generated widespread market buzz, and Bitcoin's price was not immune. The larger-than-expected increase in the Consumer Price Index (CPI) in June prompted investors to reconsider their expectations for the Fed's interest rate policies. Bitcoin, however, experienced a brief pullback amid this uncertainty, but has recovered rapidly to stabilize around $117,000.US Inflation on the RiseAccording to data released by the US Department of Labor, the annual US CPI data rose to 2.7% in June. This rate is up from May's 2.4% and marks the highest annual increase since February. Monthly, the CPI increased by 0.3%, its sharpest increase in five months.Core inflation, which excludes volatile food and energy prices, is also on an upward trend. In June, the core CPI reached 3% year-over-year and increased by 0.3% month-over-month. These developments, in particular, indicate that the new tariffs recently implemented by President Donald Trump's administration are beginning to impact consumer prices.What direction will the Fed's interest rate policy take?Markets have long been expecting the Fed to cut interest rates this year. However, these strong inflation data releases could prompt the US Federal Reserve to take a more cautious approach. Inflation running above the 2% target may require the Fed to maintain its hawkish stance.Bitcoin's reaction: A brief decline, followed by a recoveryFollowing the release of the inflation data, the BTC/USDT pair initially experienced a brief pullback. After testing $123,000 on the night of July 14, it fell to $116,000 following the data release. However, this decline was short-lived. As seen in the image, prices recovered towards noon on July 15, stabilizing around $117,000. According to some experts, the appeal of limited-supply assets like Bitcoin could increase, particularly if inflation becomes persistent due to structural reasons. Conversely, if the Fed signals a rate hike, a new wave of selling in risky assets could also emerge in the short term.In this period where macroeconomic developments are increasingly decisive, Bitcoin's direction will largely depend on the Fed's statements and new inflation data released in the coming months. While the $117,000 level currently stands as a stabilizing point, investors clearly need more dovish messaging to break out.With the release of US PPI and unemployment figures in the coming weeks, Bitcoin's price may see renewed momentum. However, increased volatility seems inevitable during this period.
Daily Market Summary with JrKripto July 15, 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 updated its current ATH to $123,800 as of yesterday. As mentioned in our BTC analysis, we stated that it would be beneficial for the price to pull back from the resistance zone after reaching it. BTC, which has been revisiting its ATH for several days, has now broken through a key resistance area. The $115,000 zone will be closely watched.Ethereum, as seen in the chart we shared in yesterday's updated analysis, experienced a pullback after a trend reversal. As long as it remains above the $2,880–$2,900 region, the positive outlook will continue.Crypto NewsStandard Chartered has begun offering spot trading services for Bitcoin and Ethereum to corporate clients through its UK subsidiary. The bank has become the first major global bank to offer this service. (Reuters)The Federal Reserve and US regulators issued a statement confirming that banks are allowed to hold Bitcoin and other cryptocurrencies.Ondo Finance is accelerating development of a full-stack RWA platform with the acquisition of Strangelove.MicroStrategy purchased 4,225 Bitcoin at an average price of $111,827 between July 7 and July 13.CryptocurrenciesTop Gainers:FUN → Up 15.2% to $0.02259278USELESS → Up 13.3% to $0.34701556BDX → Up 11.5% to $0.06992641INCH → Up 11.2% to $0.34411542BONK → Up 7.4% to $0.00002875Top Losers:M → Down 26.6% to $0.41467673MOG → Down 15.1% to $0.00000158KTA → Down 14.7% to $0.79702945DOG → Down 11.3% to $0.00400906CRO → Down 10.7% to $0.10273858Fear Index:Bitcoin: 73 (Greed)Ethereum: 63 (Greed)Dominance:Bitcoin: 64.37% ▼ 0.23%Ethereum: 9.87% ▲ 0.26%Total Daily Net ETF Inflows:BTC ETFs: $297.40 millionETH ETFs: $259.00 millionData to Watch Today3:30 PM – Core Consumer Price Index (CPI) (Monthly) (June)Expectation: 0.3% | Previous: 0.1%3:30 PM – Consumer Price Index (CPI) (Annual) (June)Expectation: 2.6% | Previous: 2.4%3:30 PM – Consumer Price Index (CPI) (Monthly) (June)Expectation: 0.3% | Previous: 0.1%All Day – Turkey: Democracy Day – HolidayGlobal MarketsMarkets are focused on today’s U.S. June inflation data. Rising trade tensions and uncertainties are keeping investors cautious, while the market’s overall response to tariff threats has been limited. Bond yields in the U.S. and Europe rose slightly; U.S. stock markets moved higher, while Eurozone stocks declined slightly.In response to Trump’s announcement of a 30% tariff, the EU announced it would take countermeasures if no agreement is reached by August 1st. However, the EU Trade Commissioner noted that negotiations were ongoing. Regarding Mexico, the White House clarified that the tariff would not apply to products covered by the USMCA.Most Valuable Companies and Stock PricesNVIDIA (NVDA): $4T market cap | $164.07 per share ▼ 0.52%Microsoft (MSFT): $3.74T market cap | $503.02 per share ▼ 0.06%Apple (AAPL): $3.12T market cap | $208.62 per share ▼ 1.20%Amazon (AMZN): $2.4T market cap | $225.69 per share ▲ 0.30%Alphabet (GOOG): $2.21T market cap | $182.81 per share ▲ 0.83%Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR): 989.09B TL | 295.25 TL/share ▲ 1.37%Aselsan Elektronik Sanayi (ASELS): 709.08B TL | 155.5 TL/share ▲ 0.97%Türkiye Garanti Bankası (GARAN): 577.5B TL | 137.5 TL/share ▼ 3.31%Koç Holding A.Ş. (KCHOL): 417.16B TL | 164.5 TL/share ▼ 0.66%Türk Hava Yolları A.O. (THYAO): 401.58B TL | 291.00 TL/share ▼ 0.68%Precious Metals and Currency PricesGold: 4,349 TLSilver: 49.48 TLPlatinum: 1,784 TLUSD/TRY: 40.22 TLEUR/TRY: 47.05 TLWe look forward to bringing you the latest updates again tomorrow.
Daily Market Summary with JrKripto July 14, 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.As highlighted in previous articles, Bitcoin continues to demonstrate strong upward momentum, reaching new all-time highs. As we start the new week, another ATH has been confirmed. That said, the potential for further records and even higher levels remains significant.On the Ethereum side, the rally has outpaced that of Bitcoin. For instance, while BTC gains 10%, ETH can move by around 20%. The current resistance at $3,072 represents a strong selling zone. A breakout above this level could pave the way for a move toward $3,500. However, if the price faces rejection here, the $2,880 support level will be critical to watch closely.Crypto NewsWhite House Economic Advisor Hassett: Trump has the authority to fire Powell if there's a legitimate reason.Trump: The US will impose a 30% tax on the EU starting August 1.The Czech National Bank acquired Coinbase shares in the second quarter.Former Fed member Warsh said the Fed should cut interest rates immediately and that a change of Fed chair would be a good thing.CryptocurrenciesTop Gainers:M → Up 50.7% to $0.56798979MOG → Up 29.5% to $0.00000166ENA → Up 27.3% to $0.37180338SNEK → Up 27.1% to $0.00275231B → Up 24.4% to $0.46838309Top Losers:USELESS → Down 6.5% to $0.27971634ZBCN → Down 6.0% to $0.00344617TKX → Down 4.1% to $12.12VENOM → Down 0.7% to $0.22752356USDY → Down 0.5% to $1.09Fear Index:Bitcoin: 70 (Greed)Ethereum: 58 (Greed)Dominance:Bitcoin: 64.65% ▼ 0.03%Ethereum: 9.97% ▼ 0.21%Total Daily Net ETF Inflows:BTC ETFs: $1.03 BillionETH ETFs: $204.90 MillionGlobal MarketsWe begin the week amid rising tariff tensions between the U.S. and the EU. The U.S. has announced it will impose 30% tariffs on goods from the EU and Mexico starting August 1, prompting a retaliatory response from the EU; both developments weighing heavily on global markets. Adding to the uncertainty, the U.S. administration’s calls for Fed Chair Powell’s resignation and threats of dismissal have further increased market stress. This week, investors will closely monitor U.S. inflation data, U.S.–EU trade negotiations, and signals from the ongoing earnings season. The VIX volatility index, which remained subdued throughout most of last week, edged higher on Friday in response to the tariff news but still closed the week lower. This indicates that, for now, market risk perception remains relatively contained.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.02 trillion market capitalization, $164.92 per share, up 0.50%Microsoft (MSFT) → $3.74 trillion market capitalization, $503.32 per share, up 0.37%Apple (AAPL) → $3.15 trillion market capitalization, $211.16 per share, down 0.59%Amazon (AMZN) → $2.39 trillion market capitalization, $225.02 per share, up 1.24%Alphabet (GOOG) → $2.19 trillion market capitalization, $181.31 per share, up 1.46%Borsa IstanbulThe domestic current account deficit fell below expectations at $0.7 billion in May. The 12‑month cumulative deficit rose to $16 billion, while the current account surplus, excluding gold and energy, climbed to $49.5 billion. The data suggest that the deterioration observed in April was temporary and that the overall balance is on an improving path.The BIST‑100 index closed last week with a gain of nearly 1%, with bank and REIT stocks showing notable outperformance, while the telecom sector came under selling pressure. This week brings a packed data calendar. The market will be closed tomorrow due to a public holiday, and we anticipate a slightly weak opening to the week for the BIST.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market cap 975.69 billion TL, price 291.25 TL, up 2.92%Aselsan Elektronik Sanayi (ASELS) → Market cap 702.24 billion TL, price 154.00 TL, up 0.98%Türkiye Garanti Bankası (GARAN) → Market cap 597.24 billion TL, price 142.20 TL, up 0.21%Koç Holding A.Ş. (KCHOL) → Market cap 419.94 billion TL, price 165.60 TL, up 1.35%Türk Hava Yolları A.O. (THYAO) → Market cap 404.34 billion TL, price 293.00 TL, up 0.69%Precious Metals and Currency PricesGold: 4,344 TLSilver: 50.49 TLPlatinum: 1,814 TLDollar: 40.21 TLEuro: 46.89 TLWe look forward to bringing you the latest updates again tomorrow.
Daily Market Summary with JrKripto July 11, 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's all‑time high continues to climb, with the latest peak reaching $108,404 today. The likelihood of this level increasing further in the coming hours and days remains strong, supported by a surge in trading volume that we haven’t seen in quite some time. Overall, the prevailing sentiment around BTC appears firmly positive.Ethereum has also achieved its long‑anticipated $3,000 milestone. This upward movement signals that it’s not just Bitcoin, but the broader market, especially ETH, that is currently in a strong bullish phase.Crypto NewsTRUMP said the following in a post on TRUTH SOCIAL: "Stocks and cryptocurrencies have reached all‑time highs. This strength demonstrates the robustness of the economy. The Fed should swiftly lower interest rates to reflect this strength."Robinhood officially launched $ETH and $SOL staking in the US.Fed member Waller: Stablecoins will increase competition in payment systems.Fed member Daly: The economy is in good shape, with strong growth and employment. Inflation is falling. Monetary policy remains restrictive.Fed member Daly: I'm considering a rate cut in the fall.CryptocurrenciesTop Gainers:M → Up 50.7% to $0.56798979MOG → Up 29.5% to $0.00000166ENA → Up 27.3% to $0.37180338SNEK → Up 27.1% to $0.00275231B → Up 24.4% to $0.46838309Top Fallers:USELESS → Down 6.5% to $0.27971634ZBCN → Down 6.0% to $0.00344617TKX → Down 4.1% to $12.12VENOM → Down 0.7% to $0.22752356USDY → Down 0.5% to $1.09Fear Index:Bitcoin: 70 (Greed)Ethereum: 58 (Greed)Dominance:Bitcoin: 64.65% ▼ 0.03%Ethereum: 9.97% ▼ 0.21%Total Daily Net ETF InflowsBTC ETFs: $1.18 BETH ETFs: $383.10 MGlobal MarketsUS stock indices broke records ahead of the earnings season, driven by generally positive sentiment. The S&P 500 rose 0.27%, the Dow Jones Industrial Average rose 0.43%, and the Nasdaq rose 0.09%. Tariff‑related risks remained in the background in the markets, while investors focused on corporate balance sheets. The VIX volatility index fell 0.2 points to 15.8.In the US, unemployment benefits applications for the week ending July 5 fell short of expectations at 227,000. This data suggests a continued strong outlook in the labor market. However, ongoing applications reached their highest level since November 2021, indicating that companies are being cautious in hiring new employees.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4 T market cap, $164.10 per share, up 0.75%Microsoft (MSFT) → $3.73 T market cap, $501.48 per share, down 0.40%Apple (AAPL) → $3.17 T market cap, $212.41 per share, up 0.60%Amazon (AMZN) → $2.36 T market cap, $222.26 per share, down 0.13%Alphabet (GOOG) → $2.16 T market cap, $178.70 per share, up 0.59%Borsa IstanbulDomestic industrial production for May increased by 3.1% month‑over‑month and 4.9% year‑over‑year. While capital goods were particularly prominent in this strong increase, there were also increases in sectors related to construction, as well as textiles and clothing. Balance of payments, retail sales, turnover, and foreign‑trade indices will be released today. The current‑account deficit is expected to reach around $1 billion in May.Borsa Istanbul continued its rise, fueled by positive expectations for President Erdoğan's statements this weekend. It is rumored that the announcement may include new steps in both domestic politics and relations with the US. With positive data in industrial production, the upward trend in the BIST is expected to continue today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market cap 948.05 B TL, 283.00 TL per share, 0.00% changeAselsan Elektronik Sanayi (ASELS) → Market cap 695.4 B TL, 152.3 TL per share, down 0.13%Türkiye Garanti Bankası (GARAN) → Market cap 595.98 B TL, 143.5 TL per share, up 1.13%Koç Holding A.Ş. (KCHOL) → Market cap 414.37 B TL, 164.7 TL per share, up 0.80%Türk Hava Yolları A.O. (THYAO) → Market cap 401.58 B TL, 294.75 TL per share, up 1.29%Precious Metals and Currency PricesGold: 4,309 TLSilver: 48.42 TLPlatinum: 1,774 TLUS Dollar: 40.16 TLEuro: 46.97 TLWe look forward to bringing you the latest updates again tomorrow.
MOVE Comments and Price Analysis July 10, 2025
Move Technical Analysis$8 million MOVE has been unlocked today, which raises concerns as to whether it will have an effect on the price. This unlock was realized when the price was trading at a key support area. As a result, it is important to read the analysis below. MOVE signaled a strong price recovery to the level of $0.20 recently, yet this momentum could not carry on and the price was rejected from the resistance zone which intersected the downtrend. The price is again at the $0.1453 support and trying to hold at the lower boundary of the trend, and this zone previously worked as a strong support. However, the current price poses a risk of sell pressure as it is below MA50 and MA200 along with a death cross.The price may pull back to the support $0.1346 if this sell pressure goes on. This level is of great importance for the price. If broken downwards, the sell pressure is likely to increase, and then the price may go down to the levels $0.1200 and $0.1050 respectively. In terms of upward movements, $0.1560 would be the first resistance level the price will face. If broken upwards, the price may go up and test $0.1666 again. However, the price must close above $0.18 if the trend should change permanently.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 July 10, 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.We can say that Bitcoin crowned its ongoing volume trend with a new all-time high. After breaking out of the previous trend, BTC decisively surpassed key resistance levels and reached a record high of $111,999, followed by a natural pullback. This movement successfully met the previously highlighted $111,800 target. Going forward, as long as Bitcoin holds above the $109,600 level, the positive sentiment is likely to persist. The next target lies in the $114,000 region.Following Bitcoin’s lead, Ethereum continues to push through major resistance levels. Holding above $2,700 would support this bullish outlook. If the $2,880 resistance is broken, the $3,000 zone will be the next target.Crypto NewsTrump announces 50% tariffs on BrazilCoinbase to list SKY and USDSThe SEC postponed in-kind refunds for the BlackRock Spot Ethereum ETFThe SEC approved in-kind redemptions for the Bitwise Bitcoin ETF Trust and Bitwise Ethereum ETFCircle enters into a USDC revenue-sharing agreement with ByBit, the second-largest crypto exchangeNvidia plans to launch a new AI chip specifically designed for China in SeptemberTrump: “Lower the interest rate.”Ripple will hold its $500 million reserve of $RLUSD crypto stablecoin with BNY MellonNvidia becomes the first company to reach a $4 trillion market capitalizationTrade Advisor Navarro: The Fed needs to lower interest rates in JulyCryptocurrenciesTop Gainers:M → Up 69.5% to $0.35883003PENGU → Up 23.9% to $0.01821681BANANAS31 → Up 22.5% to $0.02508994ZBCN → Up 20.8% to $0.00359288USELESS → Up 17.2% to $0.30264032Top Losers:TKX → Down 10.1% to $12.70VENOM → Down 2.1% to $0.22408004GRASS → Down 1.6% to $1.15MX → Down 1.3% to $2.41LEO → Down 1.2% to $8.99Fear Index:Bitcoin: 68 (Greed)Ethereum: 56 (Greed)Dominance:Bitcoin: 64.77% ▲ 0.02%Ethereum: 9.77% ▼ 0.09%Total Daily Net ETF Inflows:BTC ETFs: $215.70 MillionETH ETFs: $211.30 MillionGlobal MarketsWhile the Fed minutes reveal ongoing disagreements among members regarding interest rate cuts and inflation, U.S. President Trump has intensified his calls for a rate cut, this time proposing a reduction of up to 300 basis points.The tariff agenda has also regained momentum. After sending letters to 14 countries earlier this week, the U.S. extended similar communications yesterday to the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, and Sri Lanka.Despite these developments, market reactions to the tariff announcements continue to fade. The VIX index fell by 0.9 points yesterday to 15.9, signaling a sustained recovery in risk appetite.In the Fed minutes, members expressed differing views on whether the inflationary effects of tariffs would be transitory or persistent. They emphasized that overall growth and employment remain strong, that monetary policy is currently sufficiently tight, and that further action will depend on more conclusive data.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $3.97 trillion market capitalization, $162.88 per share, up 1.80%Microsoft (MSFT) → $3.74 trillion market capitalization, $503.51 per share, up 1.39%Apple (AAPL) → $3.15 trillion market capitalization, $211.14 per share, up 0.54%Amazon (AMZN) → $2.36 trillion market capitalization, $222.54 per share, up 1.45%Alphabet (GOOG) → $2.15 trillion market capitalization, $177.66 per share, up 1.43%Borsa IstanbulDomestically, May industrial production data is set to be released today. In April, production declined by 3.1% month-on-month but posted a 12.5% year-on-year increase. Preliminary indicators suggest that the weak production trend persisted into May.Following a two-day decline, the BIST-100 index rebounded above the 10,000 mark yesterday, supported by buying interest in banking, holding companies, Tüpraş, and Turkish Airlines shares. This upward move was fueled by expectations of a rate cut at the Monetary Policy Committee (MPC) meeting scheduled for July 24th, alongside a generally optimistic tone in domestic markets.Treasury and Finance Minister Şimşek, who met with investors in London yesterday, remarked that reserves have strengthened and the risk of volatility in the Turkish Lira has diminished. In addition to industrial production data, markets will also closely watch President Erdoğan’s statements on Saturday. The upward momentum in the BIST is expected to continue today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → 914.55 billion TL market capitalization, 281.00 TL per share, 2.93% increaseAselsan Elektronik Sanayi (ASELS) → 694.03 billion TL market capitalization, 149.7 TL per share, down 1.64%Türkiye Garanti Bankası (GARAN) → 576.66 billion TL market capitalization, 139.6 TL per share, 1.68% increaseKoç Holding A.Ş. (KCHOL) → 392.81 billion TL market capitalization, 160.3 TL per share, 3.49% increaseTürk Hava Yolları A.O. (THYAO) → Market capitalization: 387.09 billion TL, price per share: 286.75 TL, increased by 2.23%Precious Metals and Currency PricesGold: 4,278 TLSilver: 46.93 TLPlatinum: 1,744 TLDollar: 40.01 TLEuro: 47.05 TLWe look forward to bringing you the latest updates again tomorrow.
