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Trump's Media Company Files ETF Application for Bitcoin and Ethereum
Truth Social, US President Donald Trump's media venture, has taken a bold step into the cryptocurrency market. The platform, which operates under the Trump Media & Technology Group umbrella, officially filed an application with the US Securities and Exchange Commission (SEC) on June 16, 2025, for a Bitcoin and Ethereum ETF (exchange-traded fund).Bitcoin and Ethereum ETF application from Truth SocialAccording to the application filed by Truth Social, investors will be offered direct exposure to both Bitcoin (BTC) and Ethereum (ETH) assets. The fund, which is planned to be traded on the NYSE Arca exchange under the ticker symbol B.T., will allocate 75% of its investment portfolio to Bitcoin and 25% to Ethereum. The fund is sponsored by Yorkville America Digital, a New Jersey-based crypto asset firm. Custody services will be provided by Crypto.com. Devin Nunes, CEO of Trump Media & Technology Group, which owns Truth Social, described the new ETF application as part of the company's digital finance vision. In his statement, Nunes said, “At Trump Media, we continue to aggressively develop our products and services. As part of this vision, our Bitcoin reserves are also growing.”This crypto initiative from the Trump camp has resonated not only in the investment world but also in political circles. As recalled, Trump openly supported Bitcoin mining in his 2024 election campaign and argued that the US should become a “crypto production hub.”The company's strategic approach to digital assets is not limited to the ETF application. Trump Media also announced that it has raised approximately $2.3 billion in capital. This funding was secured from approximately fifty investors through debt financing and stock subscription agreements. In another document submitted to the SEC, it was noted that the company had registered approximately 56 million shares of common stock and 29 million shares of convertible bonds for resale. Devin Nunes emphasized that these financial activities were conducted to support the company's growth strategy and expansion plans.Bitcoin price nears 107,000 dollarsTruth Social's ETF application was also welcomed positively in the cryptocurrency market. According to market data, Bitcoin rose to $106,777, up 1.6% following the news. The market value exceeded $2.12 trillion, while the 24-hour trading volume reached $42 billion. Bitcoin's market dominance is currently at 63.66%. A limited increase was also observed on the Ethereum side. Market players expect a significant upward momentum in both BTC and ETH prices if the ETF is approved by the SEC.An ETF application featuring Trump's name is expected to be particularly influential, especially given the current regulatory process for cryptocurrencies. All eyes are now on the SEC's decision.
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16 Jun 2025
CoinShares Report: Bitcoin, ETH, XRP, Sui, and SOL on the Radar of Institutional Investors
Institutional interest in cryptocurrency markets continues to grow. According to CoinShares' weekly report, demand for crypto asset investment products has not weakened despite geopolitical tensions. This trend, supported by US-based entries in particular, has increased institutional interest not only in leading coins such as Bitcoin and Ethereum, but also in altcoins such as XRP, Sui, and Solana. According to the latest data, investments in cryptocurrencies have reached their highest levels of the year, with some altcoins showing signs of recovery.CoinShares report: Net inflows into cryptocurrenciesDespite geopolitical tensions dampening global risk appetite, cryptocurrency investment products maintained their steady upward trend, earning investors' confidence. According to CoinShares' report dated June 16, 2025, there was a net inflow of $1.9 billion into crypto assets last week. This marks the ninth consecutive week of inflows, with the total inflow since the beginning of the year reaching a record $13.2 billion.When looking at regional data, the United States was, as expected, the country with the highest investor interest. The United States maintained its lead with $1.92 billion in weekly inflows, followed by Switzerland ($20.7 million), Germany ($39.2 million), and Canada ($12.1 million). In contrast, outflows of 56.8 million dollars and 8.5 million dollars were observed in countries such as Hong Kong and Brazil, respectively.Bitcoin and Ethereum investments at the top, XRP and Sui also saw interestBased on asset-based evaluation, Bitcoin remained the main focus of investors with a weekly inflow of 1.325 billion dollars. This strong performance further boosted Bitcoin's total inflows since the beginning of the year to 11.4 billion dollars. Additionally, 3.7 million dollars in inflows were recorded for short Bitcoin products. There was also notable activity in the Ethereum sector. The weekly inflow of 583 million dollars marked the highest level seen since February. Ethereum's total inflows over the past few weeks reached $2 billion, bringing its share of assets under management (AuM) to 14%. In addition to these two major assets, XRP and Sui also regained investor interest with inflows of $11.8 million and $3.5 million, respectively. Solana experienced limited inflows of 1.3 million dollars, while other altcoins like Cardano and Chainlink saw low-volume activity. On the other hand, multi-asset products closed the week in negative territory with -14 million dollars, Chainlink with -0.3 million dollars, and Litecoin with -0.1 million dollars.iShares took the lead, while Fidelity and Grayscale remained in negative territoryOn the fund provider side, iShares stood out with 1.497 billion dollars in inflows from its US-based ETFs, while some major players like Fidelity (-88 million dollars) and Grayscale (-1.659 billion dollars) are still struggling with negative flows. Other providers like Bitwise, ARK 21Shares, and CoinShares XBT have also recorded negative inflows since the start of the year.
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16 Jun 2025
Metaplanet Reaches 10,000 BTC Target: Shares Rise
Japanese investment firm Metaplanet has reached a major milestone in its Bitcoin investments. The company announced that it has purchased an additional 1,112 Bitcoin, bringing its total BTC holdings to 10,000. With this move, Metaplanet has surpassed crypto exchange giant Coinbase to become one of the largest institutional Bitcoin holders.Metaplanet has acquired an additional 117 million dollars worth of BitcoinMetaplanet CEO Simon Gerovich stated in a post on X (formerly Twitter) that the newly acquired 1,112 BTC cost a total of 117.2 million dollars, with an average purchase price of 105,435 dollars. With this latest purchase, the company has fully achieved its 2025 target of 10,000 BTC.According to the data, Coinbase Global holds 9,267 BTC. Metaplanet's total BTC count reaching 10,000 has propelled the company ahead of Coinbase in this area. Metaplanet has demonstrated remarkable growth in a short period by aggressively continuing its Bitcoin purchase strategy, which it launched in April 2024. $210 million bond announcementThe company did not limit itself to Bitcoin purchases, but also announced the issuance of $210 million in interest-free bonds. According to the company's statement, the proceeds from these bonds issued to the EVO Fund will be used entirely for new Bitcoin purchases. The maturity date of the bonds in question has been set for December 12, 2025.Following these developments, Metaplanet shares experienced a rapid rise. The company's shares, which are traded on the Tokyo Stock Exchange, gained 17.23% in value on the day of the announcement, rising to 1,769 yen. Looking at the year-to-date performance, the increase in share prices has reached 408%. Some sources indicate that following these recent announcements, the share price rose by up to 22% during the day, reaching 1,830 yen.A target of 100,000 BTC by 2026Metaplanet's Bitcoin targets are not limited to this. The company plans to acquire 100,000 BTC by 2026 and 210,000 BTC by 2027. This equates to 1% of the total Bitcoin supply. To support this goal, the company also announced plans for a $5.4 billion share offering on June 6. Under this plan, 555 million new shares are expected to be issued over the next two years.In light of these developments, Metaplanet is emerging as one of the most notable institutional Bitcoin investors. The company's total return on its BTC positions since the beginning of 2025 has exceeded 200%.It is worth noting that neither Metaplanet nor any other company has come close to matching MicroStrategy's BTC holdings. MicroStrategy holds 582,000 BTC – the company began accumulating BTC in August 2020 and set an example for other companies.
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16 Jun 2025
BTC Comments and Price Analysis 13 June 2025
BTC Technical Analysis BTC Rising Trend Since April 2025, Bitcoin has successfully maintained its upward trend step by step, despite ongoing geopolitical tensions and market turbulence. Notably, last night’s Israeli airstrike on Iran triggered a general wave of selling across markets, and a brief panic sell-off was also observed on the BTC side. Just a few days prior, political tensions between Trump and Elon Musk had again sparked volatile price movements in BTC.Nevertheless, Bitcoin’s technical structure remains solid in the face of these negative developments. With last night’s decline, the price fell to the key ascending channel support at $101,589, where it encountered strong buying interest. As a result, BTC tested both the trend support and the horizontal support at $103,068 and managed to hold above them.BTC is currently trading at around $104,950. In the short term, the first resistance level is the $107,353 zone. If this level is breached, the $111,800 peak could be the next technical target. A breakout with strong volume could set the stage for a new ATH attempt.Downside risks have not been entirely eliminated. As long as the trend support zone between $101,500 and $103,000 holds, the technical outlook will remain positive. However, if we see a close below this band, the next levels to monitor as successive support zones are $97,391, $95,745, and $91,268.
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13 Jun 2025
Daily Market Summary with JrKripto 13 June 2025
You can find today’s edition of “Daily Market Recap with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the overall market conditions together and review the latest updates.Bitcoin (BTC) had previously dropped below the $104,977 support level, falling to as low as $101,150 before rebounding from the $101,059–$100,063 range with strong buying pressure and breaking out of the descending channel to the upside. However, BTC has now pulled back to around $104,950, once again approaching critical support levels. If the downward move continues, the $104,977 and $101,059 supports remain important. A drop below these levels could bring the $96,914 level into focus. On the upside, it will be difficult to speak of a sustained recovery unless the $106,794 and especially $109,588 resistance levels are broken. A stable move above $109,588 could target $111,980 (ATH) and $114,500.Ethereum (ETH) also gave a positive signal earlier by breaking out of its descending channel, but it has now pulled back to around $2,525. This weakening has raised doubts about the recovery. If the downward movement continues, the $2,385 level stands out as strong support. Falling below this level could bring $2,098 and then $2,004 into play. For the upward recovery to gain momentum, ETH needs to break above $2,711 and then $2,838. However, to reestablish a positive outlook, the price must maintain above $2,711.Crypto NewsBlackRock aims to become the world's largest crypto asset manager by 2030.President Trump called the 🇺🇸🇨🇳 China trade deal "GREAT!"Trident announced a funding plan of up to $500 million for the XRP Treasury and appointed Chaince Securities LLC as a strategic advisor.Financial market giant DTCC is exploring a stablecoin.French firm The Blockchain Group raised €9.7 million to buy more Bitcoin.Coinbase to launch futures trading in the U.S.Coinbase is partnering with American Express to launch the 'Coinbase One Card' offering up to 4% Bitcoin cashback.Israeli air force carried out airstrikes on Iran.Top Gainers in CryptocurrenciesVENOM → Up 26.6% to $0.17085618AERO → Up 15.0% to $0.63056735TRIBE → Up 5.5% to $0.45062473AB → Up 5.0% to $0.01219636WBT → Up 3.2% to $33.62Top Losers in CryptocurrenciesSPX → Down 18.4% to $1.39FARTCOIN → Down 17.9% to $1.10MOG → Down 17.0% to $0.97854539POPCAT → Down 16.7% to $0.3029431BRETT → Down 16.5% to $0.04416029Fear IndexBitcoin: 66Ethereum: 58DominanceBitcoin: 64.85% ▲ 0.83%Ethereum: 9.41% ▼ 3.66%Daily Net ETF InflowsBTC ETFs: $86.30 MillionETH ETFs: $112.30 MillionGlobal MarketsThe day began with reports that Israel struck multiple targets in Iran. We had previously warned in yesterday’s bulletin of rising geopolitical tensions in the region, but the scale and speed of this development have exceeded market expectations. Reports indicate that Israel hit military, industrial, and even academic targets in over 10 cities in Iran. The scope of this strike is significant, and attention now turns to Iran’s possible retaliation. Whether Iran will target Israeli cities or U.S. bases in the region remains a closely watched matter.These developments have caused noticeable movements in asset prices. Oil prices have surged nearly 10%, while gains have also been seen in precious metals, agricultural commodities, and other safe-haven assets. Conversely, global equity markets are under selling pressure. Losses in U.S. and European futures and Asian stock markets range between 1–2%.Yesterday, U.S. stock indices closed higher. The S&P 500 gained 0.4% and the Nasdaq 0.2%, while the VIX volatility index rose 0.8 points to 18.0. In Europe, the Eurostoxx-600 index declined by 0.3% due to diminishing trade optimism and heightened geopolitical tensions.Following the Middle East crisis, Brent crude oil tested $78.50 this morning and is currently trading around $74.70, up 7.7%. Gold also hit a one-month high on safe-haven demand, rising 1.1% to $3,422 per ounce. The U.S. Dollar Index (DXY) is up 0.4% at 98.3. Selling pressure continues in futures markets and Asian equities.On the macroeconomic front, the U.S. Producer Price Index (PPI) rose 0.1% in May, falling short of the 0.2% market expectation. Year-over-year, PPI rose to 2.6% from 2.5%. The decline in airline fares and flat energy prices contributed to the lower increase.Better-than-expected CPI and PPI data, along with signs of cooling in the labor market, have increased expectations of a potential Fed rate cut in September. However, at the upcoming June 18 meeting, the Fed is expected to keep interest rates unchanged.Additionally, weekly jobless claims in the U.S. came in at 248,000 for the week ending June 7, exceeding expectations of 242,000. Continuing claims rose to 1.96 million—the highest since November 2021—indicating a slowdown in the labor market.Most Valuable Companies & Stock PricesMicrosoft (MSFT): $3.56 trillion market cap, $478.87 per share, up 1.32%NVIDIA (NVDA): $3.54 trillion market cap, $145.00 per share, up 1.52%Apple (AAPL): $2.98 trillion market cap, $199.20 per share, up 0.21%Amazon (AMZN): $2.26 trillion market cap, $213.24 per share, up 0.02%Alphabet (GOOG): $2.14 trillion market cap, $176.97 per share, down 1.02%Borsa IstanbulIn Turkey, the Industrial Production Index (IPI) for April showed a sharp 3.1% monthly decline. The calendar-adjusted annual change was 3.3%. This steep monthly drop largely reflects a correction and normalization following March's strong growth. Volatility in capital goods production continues to be the primary driver of fluctuations in industrial output.The Construction Cost Index rose 1.7% in April month-over-month, with an annual increase of 22.7%. This marks the 11th consecutive month of year-over-year decline. Seasonally adjusted figures show that the monthly increase accelerated from 1.9% to 2.3%, signaling rising construction costs.Due to heightened geopolitical tensions in the Middle East, the BIST-100 index fell below its 100- and 200-day moving averages, ending the day down 1.7%. The biggest losses were in the banking, holding, and aviation sectors, while defense and steel stocks performed relatively better. The rise in geopolitical risk also pushed up oil and gold prices.Meanwhile, the CBRT has shifted all its funding operations to weekly repo auctions, bringing the average funding cost down to 46%—a 300 basis point drop over the last three trading days.Geopolitical tensions will continue to be the dominant factor in the short term. As such, a bearish trend may persist on the BIST today.Technical Outlook:The BIST-100 index closed at 9,520 yesterday, showing a weak trend throughout the session. The pullback, which began from 9,734—just below the 9,740–9,770 resistance band—continued throughout the day but remained relatively limited. The index staying above the 9,475–9,445 transition band indicates that the bullish expectation is still intact. If this support zone is breached, signs of weakness may strengthen, bringing the 9,255–9,148 support range back into focus. For now, as long as the index remains above this support zone, the possibility of retesting the 9,740–9,770 resistance band remains on the table.Most Valuable Companies on Borsa IstanbulQNB Finansbank (QNBTR): 876.86B TRY market cap, 258.75 TRY per share, down 1.15%Aselsan (ASELS): 659.83B TRY market cap, 144.20 TRY per share, down 0.35%Garanti Bank (GARAN): 499.8B TRY market cap, 114.20 TRY per share, down 4.03%Turkish Airlines (THYAO): 384.68B TRY market cap, 265.00 TRY per share, down 4.93%Koç Holding (KCHOL): 374.3B TRY market cap, 142.20 TRY per share, down 3.66%Precious Metals & Currency PricesGold: 4,334 TRYSilver: 46.19 TRYPlatinum: 1,617 TRYUSD: 39.42 TRYEUR: 45.45 TRYSee you again tomorrow with the latest updates!
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13 Jun 2025
Bitcoin and Altcoins Shook by Iran-Israel Tensions
Cryptocurrency markets started the last trading day of the week with sharp declines. The markets experienced a serious sell-off due to rising geopolitical tensions in the Middle East and inflation data from the US. Almost all major cryptocurrencies, especially Bitcoin and Ethereum, lost value. The total market value of cryptocurrencies fell by more than 2 percent, from $3.37 trillion to $3.32 trillion. The value of positions liquidated daily exceeded $1.1 billion. Let's take a look at the market details of the day...Major decline in the market: Bitcoin, ETH and other cryptocurrencies in the top 10 declinedDogecoin (DOGE) was one of the assets most affected by the general decline in the market. The popular meme coin lost nearly 7 percent in value in just 24 hours, falling to $0.181. While Bitcoin fell 4 percent to below $103,000, Ethereum fell 9 percent to $2,500. Solana lost more than 6%, while XRP lost nearly 4%. According to JrKripto.com data, a total of $1.04 billion worth of positions were liquidated in the last 24 hours, the vast majority of which were long (bullish) positions. A $317 million long position was liquidated on Bitcoin alone. Liquidations in Ethereum totaled $151 million.Tension between Iran and IsraelTwo main developments stand out behind this decline in crypto markets. The first is Israel's airstrike on a nuclear facility in Iran. With this news coming around 03:30 Turkish time, investors quickly exited risky assets and headed for safe havens. This move pushed the price of gold above $3,410 per ounce, while causing a sharp 13% increase in oil prices. As investors rushed to safe havens, the exit from Bitcoin and altcoins, which are considered "risky assets", increased.US inflation also affected the marketThe second factor affecting the market is the May CPI data announced in the US on Wednesday. Although the data indicating that inflation is slowing was perceived positively in the markets at first glance, many investors used this opportunity to make profits and turned to sell-side transactions. This correction, especially for Bitcoin, which exceeded the $ 110,000 level at the beginning of the week, was a turning point where excessive optimism was broken.The impact of geopolitical tensions and economic data on the markets seems to continue in the coming days. Considering the high volatility of crypto assets, investors are expected to act cautiously and give more importance to risk management. In particular, the Fed's interest rate policy and developments in the Middle East will play a critical role in determining the direction of crypto markets.
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13 Jun 2025
Daily Market Summary with JrKripto 12 June 2025
You can find today’s edition of “Daily Market Recap with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the overall market conditions together and review the latest updates.Bitcoin (BTC) rebounded after falling as low as $101,150 below the $104,977 support level, recovering strongly from the $101,059–$100,063 range and breaking out of the descending channel to the upside, shifting its technical outlook into positive territory. However, BTC is currently experiencing a slight pullback, trading around $107,600. The $109,588 resistance is crucial for the upward move to continue. If the price holds above this level, the next targets would be $111,980 (ATH) and $114,500, respectively. On the downside, $106,794 and $104,977 should be watched as support levels. Holding these supports is essential for maintaining the positive scenario.Ethereum (ETH) similarly broke out of its descending channel, rebounding from the $2,385 support and is currently trading around $2,750. For the upward movement to gain momentum, ETH needs to surpass the $2,838 resistance. Once this level is broken, $3,004 may become the next target. In the event of a downward correction, the $2,385 level remains the most important support.Crypto NewsUkraine has officially submitted a bill proposing the establishment of a strategic #Bitcoin reserve.Interactive Strength (TRNR) has launched a $500 million facility to purchase Fetch.ai (FET) tokens, initiating a crypto treasury strategy focused on AI.Trump: “Inflation numbers are great! The Fed should cut rates by a full percentage point.”Circle's stablecoin to be launched within the #WLD project.Bank of America is developing a stablecoin.Lutnick: “Many deals are coming next week.”GameStop plans to offer $1.75 billion in convertible bonds.Top Gainers in CryptocurrenciesZBCN → Up 17.6% to $0.00445597SPX → Up 11.6% to $1.72RVN → Up 8.1% to $0.0222342WBT → Up 4.7% to $32.69KAIA → Up 4.5% to $0.16935909Top Losers in CryptocurrenciesAI16Z → Down 14.9% to $0.19085176GRASS → Down 14.8% to $1.71PENDLE → Down 12.1% to $3.93DOG → Down 11.9% to $0.00414189PLUME → Down 10.9% to $0.10564537Fear IndexBitcoin: 71Ethereum: 60DominanceBitcoin: 64.18% ▲ 0.09%Ethereum: 9.92% ▼ 0.18%Daily Net ETF InflowsBTC ETFs: $164.60 MillionETH ETFs: $240.30 MillionKey Economic Data to Watch Today3:30 PM – Initial Jobless ClaimsForecast: 242K / Previous: 247K3:30 PM – Producer Price Index (PPI) (MoM) (May)Forecast: 0.2% / Previous: -0.5%Global MarketsYesterday in the U.S., May CPI data came in below expectations for both headline and core inflation. Monthly CPI rose by 0.08%, falling short of the 0.2% forecast. Annual inflation edged up by just 4 basis points to 2.35%, also below the expected 2.5%. Price declines in energy, automotive, and clothing contributed to this mild inflation outlook. Core CPI rose 0.13% month-over-month, below the 0.3% forecast, and annual core inflation has remained flat at 2.8% for the past three months.Despite the data, market reaction was limited. U.S. stock markets closed lower yesterday. The S&P 500 dropped 0.3%, the tech-heavy Nasdaq fell 0.5%, while the Dow Jones ended flat.Meanwhile, surging geopolitical tensions in the Middle East led to a sharp increase in oil prices. WTI crude ended the day up 5.5%, positively impacting energy stocks. The S&P 500 Energy Sector Index rose 1.5%, making it the top gainer. Conversely, news that the U.S. and Mexico are discussing tariff reductions on steel exports pressured steel-related stocks. As a result, the S&P 500 Materials Sector Index fell 1.0%, becoming the biggest loser.After the close, Oracle (ORCL) reported strong financial results, but this did not significantly shift overall market sentiment. U.S. markets are expected to open slightly lower today. European markets started the day with selling pressure. Investors are closely watching the U.S. PPI data due later today. Having fallen into negative territory in April, the PPI is expected to turn positive in May and show annual growth. This data could have a stronger market impact than CPI.Most Valuable Companies & Stock PricesMicrosoft (MSFT): $3.51 trillion market cap, $472.62 per share, up 0.36%NVIDIA (NVDA): $3.49 trillion market cap, $142.83 per share, down 0.78%Apple (AAPL): $2.97 trillion market cap, $198.78 per share, down 1.92%Amazon (AMZN): $2.26 trillion market cap, $213.20 per share, down 2.03%Alphabet (GOOG): $2.16 trillion market cap, $178.79 per share, down 0.68%Borsa IstanbulDomestically, April's Industrial Production Index (IPI) will be released today. In March, the seasonally and calendar-adjusted IPI rose 3.4% monthly but fell 2.7% year-over-year. On a calendar-adjusted basis, annual growth was 2.5%. However, early indicators for April suggest continued weakness in industrial production. Notably, the April PMI for manufacturing stood at 47.3, remaining below the 50 threshold, indicating ongoing contraction.The Construction Cost Index for April is also expected today.The BIST-100 index showed a cautious rise yesterday, closing around its 100-day moving average but failing to break above the 9,700 level. With the second weekly repo auction post-holiday, the CBRT’s weighted average funding rate dropped to 48%, reinforcing expectations for a potential rate cut on June 19. Meanwhile, heightened geopolitical tensions in the Middle East lifted oil prices, contributing to selling pressure in both U.S. markets and VIOP's evening session. A slight pullback may be seen in Borsa Istanbul today as a result.Technical Outlook:The BIST-100 closed at 9,686 yesterday, following a predominantly positive session. The upward trend remains intact, and the index has now closed above both its 100- and 200-day moving averages for two consecutive days, supporting a bullish technical view. Although the lower limit of the 9,740–9,770 resistance band was tested, the close remained below it. This range is still being considered a “transition zone.” If the index closes above this band, a move toward the 10,000 level could begin.Most Valuable Companies on Borsa IstanbulQNB Finansbank (QNBTR): 884.4B TRY market cap, 264.00 TRY per share, unchangedAselsan (ASELS): 644.33B TRY market cap, 144.60 TRY per share, up 2.34%Garanti Bank (GARAN): 508.62B TRY market cap, 119.90 TRY per share, down 0.99%Turkish Airlines (THYAO): 400.89B TRY market cap, 282.00 TRY per share, down 2.93%Koç Holding (KCHOL): 385.46B TRY market cap, 147.60 TRY per share, down 2.89%Precious Metals & Currency PricesGold: 4,205 TRYSilver: 46.03 TRYPlatinum: 1,588 TRYUSD: 39.18 TRYEUR: 44.78 TRYSee you tomorrow with the latest updates!
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12 Jun 2025
Sharp Decline in the Crypto Market: What is the Reason Behind the Loss in Bitcoin and Altcoins?
The global cryptocurrency market experienced a widespread decline as of June 12, 2025. The total market value decreased by 2.1 percent in the last 24 hours, falling to $3.38 trillion. The daily trading volume also dropped by 5.27 percent to $133.81 billion. On the other hand, the Fear and Greed Index, which is a sentiment index, remains in the Greed zone. So, what is the reason behind this significant decline in Bitcoin and altcoins?Macroeconomic developments triggered the marketThis sharp decline is not unique to cryptocurrencies. A series of macroeconomic and political developments in global markets have significantly reduced investors' appetite for risk. A similar picture is evident in US stock markets. The S&P 500 index fell 0.27% to 6,022.24 points. The Dow Jones Transport Index (DJT) fell 1.87% to 20.52 points, while the NASDAQ fell 0.50% to 19,615.88 points. The Dow Jones fell by a very limited 0.0026% to 42,865.77 points.Significant increase in Bitcoin and altcoin liquidationsOne of the most striking effects of the market shift was the increase in liquidations on crypto exchanges. Over 100,000 investors lost their positions in leveraged trades over the past 24 hours. According to JrKripto.com data, a total of $336 million worth of liquidations occurred in the cryptocurrency markets over the past 24 hours. It was notable that 91% of these liquidations were from long positions. Additionally, the largest single liquidation occurred on the BTCUSD perpetual futures pair on Binance, amounting to $2.15 million.According to CoinGlass data, liquidations of this magnitude typically indicate misaligned expectations about the market's direction. Following the release of inflation data showing a decline, many investors had opened long positions assuming the upward trend would continue. However, the sudden selling pressure swept away both long and short positions. Bitcoin and Ethereum lost value, with altcoins impacted more severelyBitcoin, the pioneer of the cryptocurrency market, is trading at $107,740.76, down 1.68% in the last 24 hours. Bitcoin's market value fell to $2.14 trillion, while its daily trading volume reached $53.99 billion. Ethereum also experienced a similar decline, trading at $2,760.10 with a 1.11% loss. Major altcoins were particularly hard hit by this decline. XRP prices fell by 1.87%, while Solana (SOL) experienced a 3.97% decline in value, making it one of the hardest-hit major cryptocurrencies.What is expected in the short term?This decline in the markets is not driven by specific news or sudden developments, but rather by increasing uncertainty in global markets and technical correction trends. Crypto investors, especially those taking on higher risks through leveraged trading, are facing severe liquidations during such pullbacks.Bitcoin's drop below $108,000 is seen by technical analysts as a potential test of a new support level. Ethereum remaining below $2,800 indicates that buying appetite remains weak. In the coming days, both data flows from traditional markets and crypto developments will continue to be directional. In particular, new economic data to be released in the US and statements by central bank officials will be closely monitored by crypto investors.
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12 Jun 2025
Trump Announces Trade Deal with China: How Did Cryptocurrencies Move?
There has been a remarkable development in the long-standing trade war between the US and China. Former US President Donald Trump announced the completion of a comprehensive trade agreement between the parties as a result of negotiations with Chinese President Xi Jinping. The announcement on Truth Social follows the previously announced 90-day tariff truce.Trump: Our deal with China is finalizedThe months-long trade war between the US and China seems to have entered a new phase with official statements today. Former US President Donald Trump announced on Truth Social that the trade deal with Chinese President Xi Jinping is “complete”. According to Trump, the deal is subject only to the final approval of the two leaders.Trump's post read as follows: “Our deal with China is complete, subject to final approval by Xi and me. Full magnetics and all necessary rare earth elements will be supplied in advance by China. We get 55% tariffs, China gets 10%. Relations are excellent!” This follows a 90-day “tariff truce” between the two countries announced last month. Since then, the two sides have temporarily suspended tariffs, but the details of the agreement have not been finalized. On Thursday, June 6, following a phone call that lasted about an hour and a half, Trump announced that talks would begin in London on Monday, June 9. Most recently, the US President announced that a final agreement had been reached.Trump also stated that the agreement is not limited to trade products. He emphasized that Chinese students will continue to have access to US universities: “It has always been positive for me that Chinese students use our colleges and universities.”Recently in crypto marketFollowing Trump's statements, financial markets and especially the cryptocurrency market reacted weakly positive. Trump's deal, which is said to have been reached with tariff rates of “55% - 10%”, may ease the perception of global economic risk and provide a shift towards assets such as Bitcoin. For now, no significant change has been observed in the price of the leading cryptocurrency. During the two-day talks in London recently, US Secretary of Commerce Howard Lutnick told the press on his way out that “things are going great”. This led to increased optimism in the market. Now Trump's official announcement has reinforced this optimism.A new page in the trade warThe protracted trade war, which started during the Trump era, has seen many ups and downs so far. The harsh imposition of tariffs had strained global supply chains and increased inflationary pressures. Although the tariffs, which have been reduced to reasonable levels for now, have a negative impact on prices in the short term, they are welcomed by the markets in terms of reducing the risk of recession.According to experts, the deal is critical for the US to regain easy access to rare earth elements from China. These elements have a strategic role in many fields, especially in the technology and energy sectors. In addition, the US was expected to make such transition agreements in line with its goal of gradually moving production to its own territory.
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11 Jun 2025
Crypto Move from Ukraine: Central Bank Will Be Able to Hold Bitcoin Reserves
A remarkable bill on cryptocurrencies has been submitted to parliament in Ukraine. Recorded on June 10, the new bill aims to authorize the country's central bank to include Bitcoin and other crypto assets in its national reserves. The bill, drafted by a group of lawmakers led by Yaroslav Zheleznyak, a deputy from the Holos party, is eagerly awaited in the cryptocurrency space.With the new bill, the Central Bank of Ukraine will be able to hold cryptocurrenciesThe draft law proposes amendments to the law “On the National Bank of Ukraine”. It would give the central bank the option to hold virtual, i.e. crypto-assets in its reserves in addition to gold and foreign currencies. However, this is not a mandatory practice. The bill only gives the NBU this authority. When, how and in what form, and how much crypto-assets to hold in reserves is left entirely to the bank's discretion.Zheleznyak said, “With this bill, we authorize the National Bank to include virtual assets in the country's reserves. However, decisions such as timing, method and volume will be entirely at the discretion of the central bank.” Zheleznyak's Telegram post According to Zheleznyak, a well-managed crypto reserve system can strengthen the country's macroeconomic stability and promote the development of the digital economy. “Proper management of crypto reserves strengthens macroeconomic stability and creates new opportunities for the digital economy,” he said in a post on Telegram.In a video call with Kirill Khomyakov, Binance's Regional Director for Central and Eastern Europe, Zheleznyak noted the global interest in the use of crypto assets in reserves. He noted that countries such as the US, El Salvador, Switzerland and Brazil have begun to consider crypto as a strategic reserve asset.The draft law has now been submitted to the Ukrainian parliament, the Verkhovna Rada, and is under consideration. If adopted, Ukraine will be one of the few countries to officially consider cryptoassets as a monetary policy instrument.Full legal ground in 2025In addition to the central bank's potential Bitcoin reserve step, Ukrainian lawmakers are also working on a more comprehensive bill that aims to fully legalize the use of crypto by mid-2025. This second bill, which is expected to be submitted to parliament after the new year, was drafted in cooperation with the Central Bank and the International Monetary Fund (IMF). The new legal regulation envisages the regulation of crypto assets in a security-like structure. Accordingly, earnings from cryptos will be taxed only when converted into fiat currencies; no tax exemption will be granted for daily digital asset transactions.Danylo Hetmantsev, Chairman of the Ukrainian Committee on Finance, Tax and Customs Policy, announced that the core of the draft law has been finalized and is expected to be passed by the parliament in the first quarter of 2025. There is also the possibility that Ukraine could become the first country in Europe to recognize Bitcoin as an official state reserve asset. Zheleznyak confirmed that the bill to create a state-backed strategic Bitcoin reserve is in the final stages and will be presented soon.
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11 Jun 2025
Daily Market Summary with JrKripto 11 June 2025
You can find today’s edition of “Daily Market Recap 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.Bitcoin (BTC) dropped as low as $101,150 after falling below the $104,977 support level, but then rebounded strongly from the $101,059–$100,063 range. With this recovery, the short-term descending channel structure was broken to the upside, and BTC is currently trading around $109,200. The technical outlook has turned positive again.In the short term, the $109,588 resistance is critical. If this level is surpassed, the next targets are $111,980 (ATH) and then $114,500. On possible pullbacks, the $106,794 and $104,977 levels are strong supports. Holding these supports is key to sustaining the uptrend.Ethereum (ETH) also broke out of its descending channel to the upside, displaying a positive outlook. Rebounding from the $2,385 support level, ETH is now trading around $2,770.To continue the upward move, ETH needs to break the $2,838 resistance. If this level is breached, the $3,004 level may come into play. On the downside, $2,385 stands out as a strong support.Crypto NewsNasdaq-listed MatalphaPro purchased 18,000 $ETH ($48 million) via Binance 10 hours ago.The SEC has begun reviewing Bitwise’s Bitcoin and Ethereum ETFs.The SEC requested firms applying for Solana ETFs to update their S-1 forms. Solana ETFs could be approved within 3 to 5 weeks.GameStop announced that it has purchased 4,710 Bitcoins.The U.S. and Mexico are nearing a deal to lift Trump-era 50% tariffs on steel imports up to a certain volume.The World Bank voiced agreement with President Trump, stating that countries are using unfair trade practices and called for lowering tariffs imposed on the U.S.Nasdaq has proposed a Spot SUI ETF to the SEC.Ukraine has officially submitted a bill to establish a strategic #Bitcoin reserve.Top Gainers in CryptocurrenciesKAIA → Up 19.2% to $0.16271082JTO → Up 17.9% to $2.25GIGA → Up 15.3% to $0.02752151SYRUP → Up 15.0% to $0.49653499LAUNCHCOI → Up 14.1% to $0.22357478Top Losers in CryptocurrenciesAXL → Down 13.4% to $0.49167878DEXE → Down 9.9% to $9.33ZBCN → Down 9.7% to $0.00378731KAVA → Down 6.3% to $0.43993857AI16Z → Down 6.3% to $0.22387602Fear IndexBitcoin: 70Ethereum: 58DominanceBitcoin: 64.14% ▲ 0.11%Ethereum: 9.88% ▼ 0.62%Daily Net ETF InflowsBTC ETFs: $431.20 MillionETH ETFs: $125.00 MillionKey Economic Data to Watch Today3:30 PM – Core Consumer Price Index (MoM) (May)Expected: 0.3% / Previous: 0.2%3:30 PM – Consumer Price Index (MoM) (May)Expected: 0.2% / Previous: 0.2%3:30 PM – Consumer Price Index (YoY) (May)Expected: 2.5% / Previous: 2.3%5:30 PM – EIA Crude Oil InventoriesExpected: -2.400M / Previous: -4.304MGlobal MarketsPositive developments in U.S.-China trade talks boosted risk appetite in global markets. Following this news, major U.S. indices rose between 0.3% and 0.6% yesterday. The S&P 500 closed up 0.3% at 6,038, inching closer to the all-time high of 6,147. Sector-wise, the S&P 500 Energy Index led gains with a 1.8% increase, while the Industrials Index was the only loser, down 0.4%.European markets opened flat today, and U.S. indices are expected to open slightly lower. On the macroeconomic front, the key highlight is the U.S. CPI data at 3:30 PM Turkish time. Expectations are for a 0.3% rise in core CPI and a 0.2% increase in headline CPI. These results will be crucial for the Fed's interest rate policy. Oracle (ORCL) earnings are also in focus.Technically, for the S&P 500, the first resistance level is 6,159, with 5,982 acting as support in case of a pullback.The World Bank released its June 2025 Global Economic Outlook Report, warning that rising protectionism and trade tensions are hindering global recovery. It downgraded its global growth forecast for 2025 from 2.7% to 2.3%, marking the lowest rate since the 2008 financial crisis. It also noted that the 2020s could be the weakest decade since the 1960s, with an average growth of 2.5%.On a country basis, the U.S. 2025 growth forecast was cut by 0.9 points to 1.4%. The Eurozone's was revised down by 0.3 points, and Mexico’s by 1.3 points. Turkey’s forecast was raised by 0.5 points to 3.1%, driven by stronger-than-expected Q4 2024 data and falling oil prices.In summary, the main focus today is U.S. inflation data. A lower-than-expected print could strengthen expectations for earlier Fed rate cuts, potentially supporting positive market sentiment.Most Valuable Companies & Stock PricesNVIDIA (NVDA): $3.51 trillion market cap, $143.96 per share, up 0.93%Microsoft (MSFT): $3.5 trillion market cap, $470.92 per share, down 0.39%Apple (AAPL): $3.03 trillion market cap, $202.67 per share, up 0.61%Amazon (AMZN): $2.31 trillion market cap, $217.61 per share, up 0.29%Alphabet (GOOG): $2.18 trillion market cap, $180.01 per share, up 1.34%Borsa IstanbulDomestically, the Treasury reported a cash surplus of 247.1 billion TRY in May. The cumulative budget deficit for the first five months of the year narrowed to 838.1 billion TRY. The primary balance posted a surplus of 348.6 billion TRY in May, bringing the year-to-date deficit down to 63 billion TRY—indicating strong fiscal performance.In yesterday’s auctions, the Treasury borrowed a total of 97.9 billion TRY including non-competitive bids (ROT). The 9-month T-bill auction yielded an average annual compound interest rate of 46.81%, while the 4-year fixed coupon bond saw a yield of 37.88%.Markets continue to price in a potential rate cut at the June 19 CBRT meeting. The central bank’s recent resumption of high-volume weekly repo auctions lowered the average funding cost by over 40 basis points to 48.6%, reinforcing rate cut expectations.Bond yields dropped in line with this trend. The 2-year bond yield fell to 42.7%, the lowest since March 20, while the 10-year yield dropped roughly 40 basis points to 33%. Turkey’s CDS also improved, falling to 294 basis points.Banking stocks were the biggest beneficiaries of falling rates, with the banking index rising 5.0% yesterday, making the strongest contribution to the BIST 100’s 1.8% gain. Trading volume also increased. Despite this, bank stocks still trail the main index by about 4% YTD. With the rate cut expectation in place, banking stocks are likely to maintain their strength.Today, the BIST 100 is expected to close above the 100- and 200-day moving averages in the 9,600–9,700 band. Technically, the index maintained its upward momentum after a strong open, closing at 9,659. This confirms a breakout above not only the 50-day average but also the 100- and 200-day moving averages. With the break above the 9,475 resistance, a new upward trend has begun, targeting the 9,740–9,770 range. A sustained close above this range could set the stage for a move toward the 10,000 level.Most Valuable Companies on Borsa IstanbulQNB Finansbank (QNBTR): 899.48B TRY market cap, 268.50 TRY per share, no changeAselsan (ASELS): 634.75B TRY market cap, 139.40 TRY per share, up 0.14%Garanti Bank (GARAN): 513.66B TRY market cap, 121.80 TRY per share, down 0.41%Turkish Airlines (THYAO): 401.58B TRY market cap, 290.00 TRY per share, down 0.34%Koç Holding (KCHOL): 381.91B TRY market cap, 152.30 TRY per share, up 1.13%Precious Metals & Currency PricesGold: 4,205 TRYSilver: 46.03 TRYPlatinum: 1,588 TRYUSD: 39.18 TRYEUR: 44.78 TRYSee you tomorrow with more updates and market news!
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11 Jun 2025
Trump Destekli American Bitcoin ve GameStop, Yüklü Miktarda BTC Satın Aldı!
While the number of crypto-currency companies in the US is on the rise, two remarkable names have come to the fore with their Bitcoin investments: American Bitcoin, the new Trump family-backed mining company, and GameStop, once the symbol of the “meme stock” craze. Both companies have made hundreds of millions of dollars of BTC purchases in recent weeks, strategically adding crypto assets to their treasuries.Trump family's “American Bitcoin” buys $24 million worth of BTCAmerican Bitcoin, the new mining company backed by Eric Trump and Donald Trump Jr., reported to the U.S. Securities and Exchange Commission (SEC) that it had purchased 215 BTC worth approximately $24 million as of May 31. The company plans to merge with Gryphon Digital Mining in the second quarter and go public on Nasdaq under the symbol “ABTC”. American Bitcoin's operations are currently based in Niagara Falls (New York), Medicine Hat (Alberta) and Orla (Texas) under a service agreement with Hut 8. The company's primary goal is to finance new purchases with low-cost BTC production and achieve a leadership position in the industry.The interest of the names behind American Bitcoin, founded by Eric Trump and Donald Trump Jr., in the cryptocurrency market is not surprising. Although Donald Trump has been critical of Bitcoin in the past, he has recently attracted attention with his statements supporting cryptocurrencies. GameStop added Bitcoin to its treasuryOn the other hand, GameStop, which struggled to transition from physical game retailing to the digital world, bought 4,710 BTC between May 3 and June 10. While this figure corresponds to approximately 515 million dollars, it came after the company's decision to “adopt Bitcoin as a reserve asset” in March. GameStop had previously stepped into the sector with a Web3-compatible digital wallet project, but ended the project due to regulatory uncertainties. However, despite the crypto investment, the company's financial statements remain weak. In the first quarter of 2024, revenues fell 17% to $732 million. Hardware and accessory sales declined by 32%. The Bitcoin investment, according to some analysts, is a “financial bulwark” against falling store sales and late digitalization strategies. But with share prices down nearly 20% following the announcement, investors remain cautious.These steps by GameStop and American Bitcoin continue the wave of Bitcoin investment that began with MicroStrategy in 2020. With other companies, such as the Trump family's Trump Media, already known for its affinity for Bitcoin and cryptocurrency, also turning to BTC reserves, Bitcoin is increasingly becoming part of the long-term strategy of more and more companies. In particular, 2024 and 2025 have taken their place in crypto history as a period when Bitcoin started to be seen more frequently on company balance sheets.
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11 Jun 2025
The SEC Has Received Bitwise's Bitcoin and Ethereum ETF Application for Review
Another Major Step Taken in the Crypto MarketBitwise’s ETF application that includes both Bitcoin and Ethereum has been officially taken into the review process by the U.S. Securities and Exchange Commission (SEC). This is not just a new investment product but a critical turning point for the overall direction of the sector.Two Giants, In One BasketBitwise’s proposed ETF gives investors the opportunity to invest simultaneously in both Bitcoin and Ethereum. The fund’s composition is allocated according to market capitalization. The current ratios are approximately 83% Bitcoin, 17% Ethereum. In other words, two strong assets come together in a single product.This structure could be appealing especially for institutional investors who are cautious about crypto. It both provides diversification and offers the chance to enter the market via a regulated instrument.What Does the SEC Process Mean?The SEC has started reviewing the rule change application submitted via NYSE Arca. During this process, a critical question is being asked: “Is this ETF adequately secure against market manipulation?”The commission will primarily seek public feedback:General comments will be collected within the first 21 days.Then, opposing opinions can be submitted over 35 days.This evaluation will affect not only the Bitwise file but also other potential ETF applications that include Ethereum.Why Is This So Important?Because this is the first ETF application that includes both Bitcoin and Ethereum together. The SEC’s approach to this application will guide future dual or hybrid ETFs.If approved, it will make institutional investors’ access to crypto markets even easier.If rejected, it will indicate that the SEC is still moving cautiously.Bitwise’s file is a serious reference point for players in the sector. Similar applications from major names like Gemini, BlackRock, Grayscale are also on the agenda. For that reason, Bitwise’s application is not standalone; it may create a chain reaction.The crypto market is growing, maturing. Every step the SEC takes now is not just regulatory but plays a direction-setting role. Bitwise’s ETF application, in that sense, is a development that takes the pulse of the sector.Now eyes are on the SEC. The decision to be given will shape not only this ETF but the future of crypto investment products. Expectations are high; its impact will be substantial.
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10 Jun 2025
Green Light from SEC for Crypto Purchase to Nasdaq-Listed Siebert Financial!
Siebert Financial Corp announced on June 9 that its registration statement on Form S-3 has been approved by the US SEC, allowing the company to raise up to $100 million through the sale of securities. The proceeds will be spent on buying cryptocurrencies, investing in artificial intelligence and potential strategic acquisitions.Green light for Siebert Financial for crypto acquisitionThe Nasdaq-listed company gained the flexibility to raise up to $100 million in capital with the approval of the US Securities and Exchange Commission (SEC). The funds will be used to finance artificial intelligence solutions, digital asset investments and possible strategic acquisitions. The stock, which Wall Street Zen analysts upgraded to “strong buy”, provided market support for the institution's growth plans. Siebert Financial Corp. announced that its Form S-3 shelf-registration statement has been approved by the SEC. This approval allows the company to offer different securities, including common stock, preferred stock, depositary receipts and debt instruments, to the public, either together or separately, in a single transaction or series. This structure, which will allow a capital increase of up to 100 million dollars in total, creates the financial infrastructure that will accelerate the company's growth strategies.The funds to be used within the scope of the shelf registration include crypto asset purchases, especially investments in leading digital currencies such as Bitcoin, Ethereum and Solana. In addition, the development of Artificial Intelligence (AI) supported products and services, technological integration projects into existing business units and potential merger and acquisition transactions were also listed among the priority spending items. So the company is diversifying its investments.Optimistic statements from senior executivesJohn Gebbia, CEO of Siebert Financial, stated that the shelf registration approval lays the foundation for the company's technology-focused growth plans. “This approval gives us access to additional financing to take quick and decisive steps in critical areas such as artificial intelligence and digital assets. We now have the flexibility to realize our growth vision.”CFO Andrew Reich pointed out that flexibility in capital access strengthens the capacity to create value in the long term. “The ability to raise capital continuously and when we need it prepares us not only for current opportunities, but also for future technology investments. Providing our shareholders with a long-term growth perspective is our key priority.”In a Wall Street Zen research note, it was announced that Siebert Financial shares were upgraded from “buy” to “strong buy” category. In the first quarter financials announced on May 13, 2025, the company reported a profit of $ 0.22 per share, a net margin of 12.83 percent and a return on equity of 13.92 percent. Siebert, which recorded revenues of 28.92 million dollars in the same period, also drew attention with its strong operational performance.Institutional investors also increased their positions considering this performance. Jane Street Group LLC increased its stake by 40.9 percent to 16,440 shares in the first quarter. Northern Trust Corp. increased its shares by 15.1 percent in the fourth quarter, while Geode Capital Management LLC increased by 4.9 percent to 216,841 shares in the same period. Renaissance Technologies LLC added 275 percent to its portfolio in the fourth quarter, reaching 39,000 shares. Institutional investors now own 1.52% of the company.
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10 Jun 2025
Daily Market Summary with JrKripto
You can find today’s edition of “Daily Market with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the overall market conditions together and review the latest assessments.Bitcoin had previously fallen to $101,150 after losing the $104,977 support during its decline from the rising trend. However, strong buying from the $101,059–$100,063 range allowed a rebound, and BTC broke upward from the short-term descending channel. Currently trading around $109,200, this breakout has shifted its technical outlook back into positive territory.In the days ahead, the $109,588 resistance is critical. If this level is surpassed, targets may extend first to the all-time high of $111,980 and then to $114,500. On the downside, $106,794 and $104,977 have now become strong support levels. Maintaining these supports is important for keeping the BTC outlook positive.Ethereum similarly broke upward out of its descending channel. Having declined from $2,838 down to the $2,385 support, ETH bounced strongly and is now trading around $2,670.For the bullish momentum to continue, ETH needs to break above the $2,711 resistance. If it stays above this level, the next targets could be $2,838 and $3,004. On the downside, the $2,385 support continues to be watched closely—breaking below it could deepen the decline.Crypto NewsHassett: The U.S. will lift export controls if talks progress positively.Strategy announced it purchased 1,045 BTC.South Korea’s new president is preparing to propose legislation this week to allow major banks to adopt Bitcoin and other cryptocurrencies.Trump approved U.S. Treasury Secretary Bessent increasing technology export controls and is encouraging negotiators to consider lifting export controls in China talks.CBOE submitted a proposal to allow staking in the Invesco Galaxy Ethereum ETF.Canary Marinade registered a Solana ETF in Delaware.U.S. Commerce Secretary Lutnick: U.S.–China talks were productive.Trump: “I didn’t think about calling Musk. I wouldn’t have a problem talking to him. I think Musk will want to talk to me.”Top Crypto MoversGainers:AXL → +86.4% to $0.60299MOG → +28.7% to $0.00000109AIOZ → +23.2% to $0.40169NEIRO → +19.7% to $0.0004936FARTCOIN → +17.3% to $1.25Losers:KTA → –25.0% to $1.26ZBCN → –9.5% to $0.00412637KET → –5.1% to $0.50306524LEO → –3.6% to $8.82BDX → –2.5% to $0.06147175Fear IndexBitcoin: 66Ethereum: 53DominanceBitcoin: 64.49% ▼ 0.23%Ethereum: 9.62% ▲ 0.81%Daily Net ETF FlowsBTC ETFs: +$386.20 millionETH ETFs: +$52.70 millionGlobal MarketsOn the first trading day of the week, U.S. markets closed with limited gains: S&P 500 +0.1%, Nasdaq +0.3%, Dow Jones flat. Tesla (+4.5%) lifted the S&P Consumer Discretionary Index, making it the best-standing sector. Insurer stock sell-offs dragged the Financials Index –0.5%, the worst-performing sector. U.S. and EU futures remained flat.Investors are focused on President Trump’s speech scheduled for 23:00 TRT and GameStop’s Q2 earnings after market close.S&P 500 technical levels: support at 5,962; resistance at 6,134. If it breaks down, next support is 5,872; if up, next resistance 6,164.Markets also watch London U.S.–China trade talks. Futures show modest gains; VIX ended +0.4 to 17.2.China posted weak export data: May exports rose only 4.8% YoY to $316.1 billion (vs. 6.0% expected). Exports to the U.S. fell 35%, the steepest drop in five years. Exports to other markets rose 11%; imports declined 3.4%. The U.S. trade surplus with China shrank 41.6% to $18 billion.The second round of U.S.–China trade talks resumed in London yesterday and is closely monitored.Top Cap Companies & Stock PricesMicrosoft (MSFT): $3.51T market cap, $472.75/share, +0.50%NVIDIA (NVDA): $3.48T market cap, $142.63/share, +0.64%Apple (AAPL): $3.01T market cap, $201.45/share, –1.21%Amazon (AMZN): $2.30T market cap, $216.98/share, +1.60%Alphabet (GOOG): $2.15T market cap, $177.63/share, +1.55%Borsa İstanbulIn Istanbul, inflation came in below market expectations in May, strengthening the chance of a rate cut at the June 19 MPC meeting, boosting investor appetite and foreign inflows. Yet macro and external risks may limit the BIST 100’s ability to break the 9,800–10,000 resistance band.Today, Turkey will release May Treasury cash balances and hold auctions for 9-month bills, 4-year fixed-rate, and 7-year floating rate bonds.The BIST, closed for the past 2½ trading days, now sees recent gains abroad. This week’s key events for both global and local markets are the London U.S.–China negotiations, followed by the Fed’s June 18 rate decision and central bank meeting on June 19, both potentially increasing volatility. A positive BIST open and follow-through momentum are expected today.BIST 100 technical outlook: The index bounced from a dip to 9,422 and closed at 9,487, supported by strong support around 9,148–8,965. As long as it holds above this, the 9,475–9,500 zone remains a near-term target. Closing above 9,500 could trigger a new optimism wave, pushing toward 9,740–9,770.Top Borsa İstanbul Companies by Market CapQNB Finansbank (QNBTR): ₺873.51 billion market cap, ₺261.00/share, +0.10%Aselsan (ASELS): ₺636.12 billion market cap, ₺138.00/share, –1.08%Garanti Bank (GARAN): ₺487.62 billion market cap, ₺119.60/share, +3.01%Turkish Airlines (THYAO): ₺395.37 billion market cap, ₺291.50/share, +1.75%Koç Holding (KCHOL): ₺376.58 billion market cap, ₺150.90/share, +1.62%Precious Metals & FX RatesGold: ₺4,177Silver: ₺46.07Platinum: ₺1,532USD: ₺39.29EUR: ₺44.82See you tomorrow with today’s updates!
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10 Jun 2025