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ETH Comments and Price Analysis 2 June 2025
Ethereum (ETH) Technical Analysis – 4-Hour ChartOn the 4-hour chart, Ethereum (ETH) has broken below the lower boundary of the ascending channel. Following the breakdown, the price is attempting to hold around the $2,488 level. However, this area lies below the former channel support and carries the risk of turning into a horizontal resistance zone. There is an attempt to re-enter the channel with increasing volume; if successful, the price may once again test the upper boundary of the channel. ETH Rising Channel The $2,467 level stands out as the initial support area. If this zone is broken, the price may decline further toward the $2,416 and $2,315 levels. Notably, the $2,272–$2,290 range was a previous area where buying reactions emerged. Therefore, short-term buyers may step in if the price pulls back to this zone. However, if this area is also lost, the $2,181 support level could come into focus.On the upside, the first resistance zone to watch is the $2,565–$2,595 range. This area could generate strong selling pressure. However, if the price breaks this zone with high volume and maintains stability above $2,500, the upward movement could gain momentum. In this case, the $2,800 level would become the next target, followed by $3,000. Particularly, closing above $2,595 would indicate a shift back in favor of the buyers.Looking at the overall structure, technical pressure has increased in the short term. With the breakdown of the ascending channel, price movements have become more cautious. While the medium-to-long-term bullish outlook is not completely invalidated, there is currently no clear buyer dominance in the market. Supports are being tested one by one, and the price is seeking direction through reactions.
Daily Market Summary with JrKripto 2 June 2025
You can find today’s “Daily Market with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the general market conditions together and take a look at the latest evaluations.Bitcoin (BTC) started its upward trend from the $75,930 level and carried it to an all-time high (ATH) at $111,980, then pulled back due to profit-taking and is currently trading at $104,671. In the technical outlook, the $104,629 level is being followed as the first support, while below this level, support levels are located at $101,059 and $96,115. For the upward movement to regain strength, the $109,588 level needs to be surpassed. If it can stay above this resistance, $111,980 and $114,500 may be targeted.Ethereum (ETH), on the other hand, extended its upward movement from the $1,486 level to $3,004, then pulled back to $2,481 with the subsequent correction. Technically, the $2,385 level is an important support. Below this level, there are support levels at $2,098 and $2,004. For the continuation of the upward movement, the $2,711 resistance needs to be surpassed. Once this level is broken, the $2,838 and $3,004 levels may become targets again. Overall, ETH is in a horizontal consolidation phase, and holding above $2,385 is critical for the continuation of the positive scenario.Crypto NewsSHARPLINK GAMING has applied for a $1 billion IPO and plans to use the proceeds to purchase Ethereum.Cetus confirmed that the quarantined funds on Sui have been moved to a multisig safe wallet. The funds will remain secure until they are returned to users.WH Senior Advisor Hassett: Trump is considering a phone call with Chinese President Xi this week.U.S. Commerce Secretary Lutnick said tariffs “will not be lifted.”Elon Musk announced that X has launched its new 'XChat' messaging system with "Bitcoin-style" encryption.Top Gaining Cryptocurrencies:MASK → Up 27.8% to $2.57INC → Up 27.3% to $0.03161628KTA → Up 18.6% to $0.95564181AI16Z → Up 13.3% to $0.23943525FLR → Up 10.7% to $0.01914012Top Declining Cryptocurrencies:TKX → Down 6.6% to $31.52LPT → Down 6.2% to $8.27RAY → Down 4.8% to $2.36PLUME → Down 4.7% to $0.12862161GIGA → Down 3.7% to $0.02157426Fear Index:Bitcoin: 59Ethereum: 38Dominance:Bitcoin: 64.51% ▲ 0.05%Ethereum: 9.36% ▼ 0.52%Daily Net ETF Flows:BTC ETFs: -$616.10 MillionETH ETFs: $70.20 MillionKey Data to Watch TodayTime: 16:45 – Manufacturing Purchasing Managers Index (PMI) (May)Expectation: 52.3Previous: 50.2Time: 17:00 – ISM Manufacturing PMI (May)Expectation: 49.3Previous: 48.7Time: 20:00 – Fed Chair Powell’s SpeechGlobal MarketsU.S. stock markets opened sharply lower after President Donald Trump accused China of violating trade agreements. However, they managed to recover most of their losses by the end of the day. This rebound was driven by lower-than-expected April personal consumption expenditures (PCE) data and positive results in the University of Michigan consumer confidence survey.According to PCE inflation data, annual headline inflation dropped to 2.1%, and core PCE inflation, excluding food and energy, fell to 2.5%—the lowest since February 2021. Monthly inflation stood at 0.1%, in line with expectations. While service prices saw limited increases, the downward trend in goods prices ended with a 0.1% rise. The rise in disposable income was driven by social security payments.As a result, the S&P 500 index closed flat with a marginal 0.01% drop, the Nasdaq declined by 0.32%, and the Dow Jones rose by 0.13%. Eight of the 11 sectors in the S&P 500 closed higher, with consumer staples and utilities leading gains, while energy, consumer discretionary, and tech sectors declined.As the new week begins, trade tensions between the U.S. and China continue to escalate. China rejected Trump’s accusations and argued that the U.S. was the one violating the agreement. These developments created selling pressure in Asian markets and U.S. futures, and European markets are also expected to open lower.Meanwhile, expectations regarding the Federal Reserve’s interest rate policy have shifted slightly. While tariff policies may exert upward pressure on inflation, markets are now pricing in a total of 50 basis points in rate cuts for September and December.The University of Michigan’s consumer sentiment index for May was revised upward from the previous estimate of 50.8 to 52.2, marking a pause in the four-month decline. The index is still 24% lower than the same period last year. Short-term inflation expectations rose slightly to 6.6%, while 5-year long-term expectations declined from 4.4% to 4.2%.On the Chinese side, economic data signaled a recovery. The manufacturing PMI rose from 49.0 to 49.5 in May, slowing the contraction. The non-manufacturing PMI, covering services and construction, came in at 50.3, just above the growth threshold.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.42 Trillion market cap, $460.36 per share, up 0.37%NVIDIA (NVDA) → $3.3 Trillion market cap, $135.13 per share, down 2.92%Apple (AAPL) → $3 Trillion market cap, $200.85 per share, up 0.45%Amazon (AMZN) → $2.18 Trillion market cap, $205.01 per share, down 0.34%Alphabet (GOOG) → $2.09 Trillion market cap, $172.85 per share, down 0.06%Borsa Istanbul (BIST)In Q1 2025, the Turkish economy grew by 2% compared to the same period last year, and 1% on a quarterly basis. This growth was slightly below market expectations of 2.5% and the institutional forecast of 2.3%. The main driver was household consumption. Thanks to favorable credit conditions before the interest rate hike, consumption increased by 2% annually, contributing 1.6 percentage points to growth. Public spending rose by 1.2%, adding 0.2 points, and investments (fixed capital formation) grew by 2.1%, also contributing 0.2 points. However, while exports remained flat, a 3% rise in imports pulled growth down by 0.6 points. Growth was sustained by domestic demand in Q1, but this momentum is expected to weaken in Q2. We believe there are increasing downside risks to our 2025 growth forecast of 3.1%, and that growth may fall below 3%.In the labor market, negative developments were seen. In April, the seasonally adjusted unemployment rate rose from 8% to 8.6%, the highest since November 2024. The broader underemployment rate hit a record high, rising from 28.8% to 32.2%. The combined rate of time-related underemployment and unemployment rose to 22.5%, while the rate of unemployed and potential labor force remained at 20%. This sharp increase is thought to be partly due to temporary unemployment of daily wage workers during the holiday period.Price increases also continued. According to Istanbul Chamber of Commerce data, retail prices rose by 2.83% monthly and 46.57% annually in May. According to TÜRK-İŞ, the hunger threshold increased by 4.39% to 25,092 TL in May. The Ministry of Treasury and Finance will make domestic debt payments totaling 581.6 billion TL between June and August. In June, a borrowing of 278.9 billion TL is planned against payments of 265.6 billion TL.The Financial Stability Report published by the Central Bank indicated a shift in commercial loans in favor of TRY since March. Due to high commercial loan interest rates, credit growth is expected to remain moderate, and firms’ financial positions are generally considered manageable.Last week’s decline in Borsa Istanbul was driven especially by selling in banking stocks. The BIST-100 index dropped below 9,000 points during the session but closed slightly above that level. The Capital Markets Board (SPK) extended regulations on short selling bans, share buybacks, and margin trading until July 4. These measures are expected to provide short-term support to the market. However, due to settlement advantages during the holiday, some investors may still opt to sell. Tomorrow’s inflation data from TURKSTAT will be important; market expectation is around 2% monthly. The BIST-100 is expected to start the week with a flat movement above 9,000 points.Most Valuable Companies on Borsa IstanbulQNB Finansbank (QNBTR) → 867.65 Billion TL market cap, 258.50 TL per share, down 0.19%Aselsan Elektronik Sanayi (ASELS) → 590.98 Billion TL market cap, 130.00 TL per share, up 0.31%Türkiye Garanti Bankası (GARAN) → 444.78 Billion TL market cap, 107.70 TL per share, up 1.70%Türk Hava Yolları (THYAO) → 377.08 Billion TL market cap, 273.25 TL per share, no changeKoç Holding A.Ş. (KCHOL) → 359.34 Billion TL market cap, 140.40 TL per share, down 0.92%Precious Metals and Exchange RatesGold: 4,181 TLSilver: 41.93 TLPlatinum: 1,326 TLUSD: 39.26 TLEUR: 44.67 TLSee you again tomorrow with the latest updates!
A Giant Investment Move from SharpLink Gaming to Ethereum: A $ 1 Billion IPO Application
A Major Move Elevates Institutional Interest in Crypto: SharpLink Gaming Files for $1 Billion Public Offering to Acquire EthereumAn important development has taken institutional interest in crypto to a new level. SharpLink Gaming has filed for a $1 billion public offering with the aim of integrating Ethereum into its corporate treasury. This move is part of the company’s strategy to solidify its blockchain-based financial approach and position Ethereum as a corporate reserve asset.Objective: A Digital Capital Structure with EthereumU.S.-based SharpLink announced that it has filed a “Shelf Offering” registration with the U.S. Securities and Exchange Commission (SEC), with plans to gradually release over 72 million shares to the market. A significant portion of the funds raised from this offering will be used to purchase Ethereum (ETH). The remainder will cover operational expenses, marketing activities, and general corporate costs.With this step, SharpLink aims to make Ethereum its primary reserve asset and transform its capital structure into a blockchain-based model. The company had previously announced this initiative under the title “Ether Treasury Strategy” on May 27.A Strong Reaction from the Ethereum CommunitySharpLink’s strategic move resonated widely within the Ethereum community. In the days following the announcement, the company’s stock price surged by approximately 2,700%, and its market capitalization grew elevenfold. Analysts compared the move to MicroStrategy’s investment in Bitcoin. Some crypto analysts even remarked, “Ethereum now has its own Saylor.” Prominent ETH advocate Anthony Sassano supported the strategy with the phrase, “You’re not bullish enough.”The Joseph Lubin Effect: Ethereum Confidence at the Leadership LevelSharpLink Gaming’s commitment to Ethereum goes beyond investment. The company has appointed Ethereum co-founder Joseph Lubin as chairman of the board. This appointment signals that the strategy is being embraced at the highest leadership level. Lubin’s blockchain vision and credibility in the industry are seen as strong confidence signals for investors.Earlier, a $435 Million Ethereum Purchase Was MadeJust a week before this development, SharpLink Gaming had already made a $435 million Ethereum purchase. With this new public offering filing, the company plans to significantly expand its ETH reserves.
ETH Comments and Price Analysis 30 May 2025
Ethereum – 4-Hour Chart Short-Term Technical Analysis (May 30, 2025)Ethereum is moving within an ascending parallel channel. At the moment, it has touched the lower boundary of the channel at $2,540, which acts as a significant short-term support.Key Technical Levels:Supports:$2,540 (Channel lower boundary and horizontal support)$2,467$2,397Resistances:$2,566 (Short-term horizontal resistance)$2,632$2,788 (Channel upper boundary)Technical Pattern:Ascending Channel: Price continues to move within the channel. The recent approach to the lower band increases the likelihood of a short-term bounce.Horizontal Consolidation: There is a range-bound movement between $2,540 and $2,630. A breakout from this range will determine the short-term trend direction. ETH Short Term ETH is currently attempting to hold above the support line. If it maintains support above $2,540, an upward move toward $2,632 and $2,788 could be expected. However, if it fails to hold above $2,540, a pullback toward $2,467 and lower support levels may occur. The breakout direction will be key in determining the short-term trend.
Daily Market Summary with JrKripto 30 May 2025
You can find today’s “Daily Market Update with JrKripto,” where we’ve compiled the most important developments from global and local markets, below. Let’s analyze the general market conditions together and review the latest updates.Bitcoin (BTC) is currently trading at $105,400. The long-term uptrend that began at $75,930 gained momentum after breaking through the resistance levels at $101,059 and $104,000, eventually reaching an all-time high (ATH) of $111,880. However, following profit-taking at this peak, BTC has broken below the $108,000 support level and is currently trading below it. This pullback signals a short-term bearish outlook, with $104,629 serving as intermediate support and $101,059 as a stronger support zone. In potential upward recoveries, the first resistance lies again at $108,000. If this level is breached, $111,000 and subsequently $114,500 could be targeted. However, to maintain its upward trend, it is critical for BTC to establish support above the $108,000 level.Ethereum (ETH) is currently trading at $2,610. The upward movement that began at $1,486 pushed the price above resistance levels at $2,453 and $2,595, reaching as high as $2,720. However, selling pressure from this region has dragged ETH back below the $2,595 level. The current price action points to a short-term correction. If the downward movement continues, $2,453 and $2,095 will serve as support levels. In case of upward recovery, $2,595 is once again the initial resistance. If surpassed, the next potential targets would be $2,800 and $2,981. For ETH’s positive outlook to regain strength, maintaining support above $2,595 is crucial.Crypto NewsBybit has obtained a MiCA license in Austria.Telegram raised $1.7 billion through convertible bonds to repay existing debt.Fed member Goolsbee: If tariffs are avoided through a deal or otherwise, we could return to a rate-cutting scenario.Bitcoin treasury firm Twenty One, backed by Tether, raised its total funding to $685 million following a second bond sale.White House: Trump told the Fed chair that not cutting rates is a mistake.The SEC Crypto Task Force met with Payward to discuss tokenization of traditional assets and staking services.SEC has dropped its lawsuit against Binance.Nigel Farage, leader of the UK Reform Party, will introduce a Strategic Bitcoin Reserve bill.Top Gainers:LPT → Up 86.7% to $10.45VENOM → Up 16.7% to $0.12698581SAFE → Up 13.0% to $0.67709936DEXE → Up 12.6% to $14.10ZBCN → Up 12.0% to $0.00621744Top Losers:PNUT → Down 20.6% to $0.27233779SYRUP → Down 16.9% to $0.34540183MOG → Down 16.2% to $0.00000101OM → Down 16.0% to $0.32981439DOG → Down 15.8% to $0.00441292Fear Index:Bitcoin: 66Ethereum: 60Dominance:Bitcoin: 63.96% ▲ 0.40%Ethereum: 9.64% ▼ 0.07%Daily Net ETF Flows:BTC ETFs: -$346.80 MillionETH ETFs: $91.90 MillionKey Economic Data to Watch Today:15:30 – Core Personal Consumption Expenditures (PCE) Price Index (YoY, April)Forecast: 2.5%Previous: 2.6%15:30 – Core PCE Price Index (MoM, April)Forecast: 0.1%Previous: 0.0%Global MarketsU.S. stock indices opened strong thanks to Nvidia’s solid financial results and the U.S. International Trade Court’s decision to block tariffs imposed by President Donald Trump. However, profit-taking occurred during the day after a federal appeals court temporarily halted this decision. Still, the indices closed higher: S&P 500 up 0.40%, Dow Jones up 0.28%, and Nasdaq up 0.39%.Ten out of eleven S&P 500 sectors ended the day in positive territory, with the best performers being real estate (+0.95%), healthcare (+0.74%), and infrastructure (+0.69%). Telecommunications was the only sector to close lower (-0.35%). Nvidia shares rose 3.2%.On the macroeconomic front, the U.S. economy contracted at an annualized rate of 0.2% in Q1 2025. While this is less than the initial estimate of -0.3%, it marks the first economic contraction since 2022. The upward revision was mainly due to stronger-than-expected investment spending. However, personal consumption grew only 1.2%, the lowest rate since Q2 2023. Government spending fell by 4.6%, the sharpest decline since 2022. Fixed investment rose 7.8%, and exports grew 2.4%. Imports surged 43%, suggesting that consumers and businesses pulled forward demand ahead of high tariffs.Initial jobless claims in the U.S. rose by 14,000 to 240,000 for the week ending May 24 (forecast: 230,000). The four-week moving average dropped by 250 to 230,750. Continuing claims rose by 26,000 to 1.92 million for the week ending May 17.Today, the markets are focused on April’s PCE inflation data, closely monitored by the Fed. The forecast is for monthly inflation to rise 0.1% and annual inflation to increase to 2.2% from 2.3% in March. Additionally, preliminary CPI data from Germany for May, U.S. personal income and spending, trade balance, and the University of Michigan’s final consumer sentiment index will be released. German CPI is expected to continue its gradual decline.Asian indices opened slightly lower this morning, while European indices began the day in positive territory. Although trade policy uncertainty continues to cap gains, Nvidia’s strong results and today’s U.S. inflation data remain in sharp focus.Top Companies by Market Value and Stock PricesMicrosoft (MSFT) → $3.41 trillion market cap, $458.68 per share, up 0.29%NVIDIA (NVDA) → $3.4 trillion market cap, $139.19 per share, up 3.25%Apple (AAPL) → $2.99 trillion market cap, $199.95 per share, down 0.23%Amazon (AMZN) → $2.18 trillion market cap, $205.70 per share, up 0.48%Alphabet (GOOG) → $2.09 trillion market cap, $172.96 per share, down 0.24%Borsa IstanbulAccording to final data released by TURKSTAT, Turkey’s foreign trade deficit in April stood at $12.1 billion—close to the provisional figures earlier released by the Ministry of Trade. In the same period, exports increased 7.8% year-over-year to $20.8 billion, while imports rose 12.7% to $32.9 billion. As a result, the trade deficit for the first four months of 2025 reached $34.6 billion, a 14.7% increase compared to the same period last year. The 12-month rolling trade deficit reached $86.7 billion, the highest since June 2024.Important domestic data releases are expected today. April’s unemployment rate, Q1 2025 GDP figures, and the Central Bank’s Financial Stability Report will be published. In Q4 2024, Turkey’s economy grew 3.0% annually and 1.7% quarter-on-quarter (seasonally and calendar-adjusted). For Q1 2025, annual growth is expected to be around 2.0%.The BIST-100 index is trying to find support just below the 9,200 mark—near its lowest dollar-based level in a year. Since the beginning of the month, the banking, telecommunications, and energy sectors have shown strong performance, while chemical, cement, aviation, retail, and insurance sectors have remained weak. Today, GDP data will be released at 10:00 a.m., followed by the Central Bank’s Financial Stability Report at 10:30 a.m. Next Tuesday, May’s inflation figures will be published. Forecasts suggest monthly inflation around 2.0%. A flat trading day is expected on BIST-100.Technically, the BIST-100 index tested 9,265 intraday yesterday before pulling back and closing at 9,171. The index is trying to hold above the previous support band of 9,148–9,044. While rebound attempts remain weak, efforts to stabilize in this zone may continue. If not, further weakness could follow. A close above 9,475 would signal renewed optimism. Intermediate resistance levels are at 9,224 and 9,325, while strong resistance lies at 9,475/9,500, 9,588, and 9,740/9,760. Support zones are at 9,148, 9,074/9,044, 8,984, 8,872, and 8,618.Top Companies by Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → 886.08 billion TL market cap, 264.50 TL per share, no changeAselsan Electronic Industries (ASELS) → 602.83 billion TL market cap, 129.30 TL per share, down 2.19%Garanti Bank (GARAN) → 460.32 billion TL market cap, 106.10 TL per share, down 3.19%Turkish Airlines (THYAO) → 384.33 billion TL market cap, 277.00 TL per share, down 0.54%Koç Holding A.Ş. (KCHOL) → 362.63 billion TL market cap, 143.50 TL per share, up 0.35%Precious Metals and Exchange RatesGold: 4,152 TLSilver: 41.81 TLPlatinum: 1,361 TLUSD: 39.22 TLEUR: 44.58 TLSee you again tomorrow with the latest updates!
Daily Market Summary with JrKripto 29 May 2025
You can find today’s “Daily Market Update with JrKripto,” where we’ve compiled the most important developments from global and local markets, below. Let’s analyze the general market conditions together and take a look at the latest evaluations.Bitcoin (BTC) is currently trading at $108,380. The long-term upward trend that began at $75,930 gained momentum after breaking through the resistance levels at $101,059 and $104,000. The price surged to $111,880, setting a new all-time high (ATH). However, following this peak, profit-taking led to a pullback, bringing BTC down to around $108,000. At the moment, BTC is moving within a horizontal consolidation range between $108,000 and $111,000. If the price breaks upward from this range, $114,500 and $118,300 are potential resistance targets. On the other hand, if the price breaks downward, $108,000 is the first support level to watch. Should this level fail to hold, the next support zones are $104,629 and $101,059. Maintaining above the $108,000 level is critically important for the continuation of the bullish trend in BTC.Ethereum (ETH) is currently trading at $2,720. The strong upward trend that began at $1,486 gained momentum after breaking through the resistance levels at $2,453 and $2,595. Following a recent correction, the price has climbed to $2,720. ETH is currently exhibiting horizontal price movement within the $2,595 – $2,800 range. If this consolidation zone is broken to the upside, $2,981 and the psychological resistance at $3,000 could be targeted. On the downside, $2,595 is the first support level, followed by $2,453 and $2,095 if it breaks below. The outlook for ETH remains positive, but sustaining above the $2,800 level is necessary for the upward momentum to strengthen.Crypto NewsU.S. Vice President JD Vance: “Soon, more than 100 million Americans will own #Bitcoin.”Nvidia Q1 2025 Earnings: Came in above expectations at $44.1 billion.Pakistan is establishing a strategic Bitcoin reserve under government leadership.A federal court ruled that Trump does not have the authority to impose tariffs under economic emergency legislation.The Central Bank of Russia announced it will allow financial institutions to offer crypto-linked derivatives, securities, and digital financial assets to qualified investors.Top Gainers:ZBCN → Up 32.0% to $0.00550774SPX → Up 21.7% to $1.18EIGEN → Up 11.4% to $1.67TON → Up 8.7% to $3.35IOTX → Up 8.6% to $0.02358207Top Losers:PLUME → Down 7.9% to $0.1474069SYRUP → Down 7.2% to $0.41507846DEEP → Down 4.8% to $0.17444699GRASS → Down 4.6% to $2.14AI16Z → Down 4.2% to $0.29408506Fear Index:Bitcoin: 73Ethereum: 62Dominance:Bitcoin: 63.46% ▼ 0.45%Ethereum: 9.86% ▲ 2.28%Daily Total Net ETF InflowsBTC ETFs: $432.70 MillionETH ETFs: $84.90 MillionKey Data to Watch Today15:30 – Gross Domestic Product (GDP) (Quarterly) (Q1)Forecast: -0.3%Previous: 2.4%15:30 – Initial Jobless ClaimsForecast: 229KPrevious: 227K19:00 – EIA Crude Oil InventoriesForecast: 1.000M barrels increasePrevious: 1.328M barrels increaseGlobal MarketsThis morning, global risk appetite is trending positively. The decision by the U.S. International Trade Court to halt tariffs imposed by former President Trump on imports—citing an overreach of legal authority—was welcomed by the markets. Following this development, U.S. stock index futures, which had closed lower yesterday, are showing gains of up to 2% this morning. Similarly, futures in Asian and European markets are also on the rise.Yesterday, U.S. equity indices closed in negative territory. The Fed’s May FOMC meeting minutes emphasized the increased uncertainty due to import tariffs and stated that interest rate policy changes should wait until there is more clarity on the economic outlook. Additionally, concerns were raised about inflation being more persistent than expected and rising unemployment risks. As a result, investor risk appetite decreased, and selling pressure intensified. The S&P 500 fell 0.56%, the Dow Jones 0.58%, and the Nasdaq 0.51%. All sectors posted negative performances, with infrastructure, raw materials, and energy leading the losses.Meanwhile, Nvidia’s much-anticipated Q1 results were released. Although its net profit of $0.81 per share slightly missed expectations, revenue came in stronger than expected at $44.1 billion. Despite ongoing restrictions in the Chinese market, these robust results were positively received by both Nvidia shareholders and the broader market.Today’s economic data flow is highlighted by U.S. Q1 GDP figures and personal consumption expenditures. These indicators could be key in determining market direction. Overall, Trump’s trade policies and the Fed’s cautious stance continue to be major influences on global markets.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.4 trillion market cap, $457.36 per share, down 0.72%NVIDIA (NVDA) → $3.29 trillion market cap, $134.81 per share, down 0.51%Apple (AAPL) → $2.99 trillion market cap, $200.42 per share, up 0.10%Amazon (AMZN) → $2.17 trillion market cap, $204.72 per share, down 0.63%Alphabet (GOOG) → $2.1 trillion market cap, $173.38 per share, down 0.34%Borsa IstanbulDomestically, Turkey’s Economic Confidence Index rose slightly to 96.7 in May. While consumer and sectoral confidence indices increased, business confidence declined. Today, TURKSTAT will release the final foreign trade data for April. According to preliminary data from the Ministry of Trade, exports rose 8.5% year-over-year to $20.9 billion, while imports increased by 12.9% to $33 billion. Consequently, the trade deficit rose by $2.1 billion year-over-year, reaching $12 billion. On Friday, Q1 2025 GDP data and the Central Bank of Turkey’s Financial Stability Report will be released.The BIST-100 index closed at 9,178 yesterday, continuing its downward movement. The index tested 9,248 with a limited intraday rise but then fell back due to selling pressure, ending the day near its lowest dollar-based level in a year. The technical outlook remains weak, with the 9,148–9,044 band seen as a relatively strong support zone. A short-term rebound may occur at these levels, but a drop below this range could signal further weakness.Closures above 9,475 could signal renewed optimism. Intraday resistance levels are at 9,224, 9,325, 9,331, and 9,410, while the main resistance levels are at 9,475/9,500, 9,588, and 9,740/9,760. Support levels are at 9,148, 9,074/9,044, 8,984, 8,872, and 8,618. The index is expected to move sideways today. Key data releases this week include Friday’s GDP figures and the Central Bank’s report.Top Companies by Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market cap: 863.46 billion TL, price per share: 257.75 TL, no changeAselsan Electronic Industries (ASELS) → Market cap: 616.06 billion TL, price per share: 132.70 TL, down 1.78%Garanti Bank (GARAN) → Market cap: 467.04 billion TL, price per share: 110.80 TL, down 0.36%Turkish Airlines (THYAO) → Market cap: 381.57 billion TL, price per share: 278.25 TL, up 0.63%Koç Holding (KCHOL) → Market cap: 364.66 billion TL, price per share: 143.70 TL, down 0.07%Precious Metals and Currency PricesGold: 4,111 TLSilver: 41.88 TLPlatinum: 1,364 TLUSD: 39.09 TLEUR: 44.06 TLSee you again tomorrow with more market updates!
Daily Market Summary with JrKripto 27 May 2025
You can find below today’s “Daily Market with JrKripto” report, in which we compile the most important developments in global and local markets. Let’s analyze the general market conditions together and take a look at the latest evaluations.Bitcoin (BTC) is currently trading at $109,750. The long-term upward trend that started from the level of $75,930 gained momentum by breaking through the $101,059 and $104,000 resistances and reached $111,880, refreshing the all-time high (ATH) record. The slight pullback seen after this peak is considered as the market’s process of digesting profit-taking. Technically, the level of $108,000 continues to act as an important short-term support. As long as it holds above this level, $114,500 and $118,300 levels may be targeted again. In case of increasing downward pressure, the levels of $104,629 and $101,059 will be followed as supports. For the positive trend in BTC to continue, maintaining above $108,000 is of great importance.Ethereum (ETH) is currently trading at $2,630. The upward trend that started from the level of $1,486 gained speed after surpassing the $2,453 and $2,595 resistance levels, and ETH has once again gained upward momentum following the correction. In the current outlook, the level of $2,595 now acts as strong support. As long as it remains above this level, $2,800 and $2,981 stand out as potential targets. In possible pullbacks, if it drops below $2,595, the support zones of $2,453 and $2,095 may come into focus respectively. To maintain the upward trend in ETH, staying above $2,595remains important.Crypto News– Japan plans to allocate 900 billion yen in government funds for an emergency aid package in response to U.S. tariffs.– Florida has become the first state to promote lifting capital gains taxes on Bitcoin.– Trump: “Countries around the world want to make trade agreements with us.”– Strategy announced that it has purchased 4,020 Bitcoins at $106,237.– Trump Media Group aims to raise $3 billion in funds to invest in cryptocurrencies.CryptocurrenciesTop Gainers:CAKE → up 15.3%, reaching $2.86CHEX → up 13.6%, reaching $0.23239787QNT → up 12.4%, reaching $107.73FRAX → up 11.2%, reaching $3.57VIRTUAL → up 9.6%, reaching $2.45Top Losers:ZBCN → down 18.8%, falling to $0.00416172KTA → down 7.7%, falling to $0.80173763TEL → down 6.8%, falling to $0.000442572XMR → down 6.2%, falling to $386.28SYRUP → down 4.9%, falling to $0.42535468Fear Index:Bitcoin: 74Ethereum: 57Dominance:Bitcoin: 64.22% ▼ 0.19%Ethereum: 9.21% ▲ 0.61%Global MarketsOn the last trading day of the week, new tariff policies announced by U.S. President Donald Trump caused selling pressure in global markets. Trump announced that a 50% customs tariff would be applied to products imported from the European Union and that a 25% customs tax would be applied to iPhones if Apple produces them outside the U.S. He also stated that similar taxes would be imposed on Samsung and other smartphone manufacturers.Following these announcements, U.S. stock indexes started the day with losses. However, some of the losses were recovered during the day. The S&P 500 closed down 0.67%, the Dow Jones down 0.61%, and the Nasdaq down 1.00%. Only 4 out of 11 sectors in the S&P 500 closed positive. The best performance was seen in the infrastructure sector with a 1.16% rise. Consumer staples, energy, and real estate stayed flat with slight gains. Technology, telecommunications, and consumer discretionary showed the weakest performance of the day with losses of 1.33%, 0.99%, and 0.91% respectively.Trump's postponement of the implementation of the 50% EU customs tariff from June 1 to July 9 gave a signal of recovery in markets at the start of the week. U.S. stock markets were closed on Monday due to Memorial Day. On the first trading day of the week, futures saw recovery. U.S. and European futures indexes rose up to 1%, while Asian markets moved in a mixed and volatile pattern.Global investors' risk appetite is slightly positive as of this morning. The postponement of Trump’s tariff decisions was perceived positively, especially in the U.S. and Europe. In the upcoming period, trade policies and tariff decisions will continue to be decisive in markets.On the other hand, the Consumer Confidence Index announced by the Conference Board in the U.S. has been declining for five months. In April, the index fell to 86, the lowest level since May 2020. Consumers’ 12-month inflation expectation rose from 6.2% to 7%, reaching its highest level since November 2022. It is estimated that this index will rise to 87.1 in May.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.35 trillion market cap, share price $450.18, 1.03% dropNVIDIA (NVDA) → $3.2 trillion market cap, share price $131.29, 1.16% dropApple (AAPL) → $2.92 trillion market cap, share price $195.27, 3.02% dropAmazon (AMZN) → $2.13 trillion market cap, share price $200.99, 1.04% dropAlphabet (GOOG) → $2.05 trillion market cap, share price $169.59, 1.39% dropBorsa IstanbulImportant economic data will be announced domestically this week. On Tuesday, the economic confidence index, on Thursday the final version of April’s foreign trade data, and on Friday, April’s unemployment rate and Q1 2025 GDP growth data will be announced. Also on Friday, the CBRT will publish the year’s first Financial Stability Report.According to preliminary data from the Ministry of Trade, exports in April increased by 8.5% to $20.9 billion, while imports rose by 12.9% to $33 billion. As a result, April’s foreign trade deficit increased to $12 billion, marking a $2.1 billion increase compared to the same period last year. The 12-month cumulative trade deficit reached $86.6 billion, the highest level since June 2024.The growth data to be announced on Friday will be the most critical agenda item of the week for the markets. Our growth estimate for the first quarter is approximately 2% year-on-year and around 1.5% quarter-on-quarter. The CBRT’s updated output gap forecasts in the Inflation Report also indicate growth above potential, around 1.5% during this period.At Borsa Istanbul, the BIST-100 index fell to the 9,300 level yesterday, then moved within a horizontal band in line with expectations. Although there was volatility in stocks, no significant sectoral divergence was observed. Today, with U.S. and U.K. markets reopening after the holiday, an increase in foreign investor participation may be seen on Borsa Istanbul. The main index continues to show a sideways and tight pattern.Technically, the BIST-100 index pulled back to 9296 yesterday and closed at 9345 points. The 9331 level stands out as support in the short term. As long as it remains above this level, a sideways and tight movement is more likely than a significant drop. Closings above 9475 on the index may signal a new wave of optimism. Support levels are 9331, 9233, 9148, 9044, and 8984; resistance levels are 9475/9500, 9588, 9740/9760, 9895, and 9953.Most Valuable Companies on Borsa IstanbulQNB Finansbank (QNBTR) → ₺872.68 billion market cap, share price ₺258.75, ▼ 0.67%Aselsan (ASELS) → ₺621.53 billion market cap, share price ₺136.10, ▼ 0.15%Garanti Bank (GARAN) → ₺469.56 billion market cap, share price ₺111.20, ▼ 0.54%Turkish Airlines (THYAO) → ₺386.4 billion market cap, share price ₺277.00, ▼ 1.07%Koç Holding (KCHOL) → ₺372.78 billion market cap, share price ₺144.50, ▼ 1.70%Precious Metals and Exchange RatesGold: ₺4,164Silver: ₺41.29Platinum: ₺1,349Dollar: ₺38.97Euro: ₺44.32See you again tomorrow with the latest updates!
Daily Market Summary with JrKripto 26 May 2025
We present below today’s edition of “Daily Market with JrKripto”, in which we compile the most important developments from global and local markets. Let’s analyze the general market conditions together and take a look at the latest assessments.Bitcoin (BTC) is currently trading at $109,800. The long-term upward trend that started from the $75,930 level accelerated after the $101,059 and $104,000 resistances were broken, reaching $111,880 and setting a new all-time high (ATH) record. However, the pullback seen after this peak is considered a natural correction caused by profit-taking. At this stage, the $108,000 level stands out as the first important support. As long as this level holds, the upward movement may regain strength, targeting the $114,500 – $118,300 levels. If downward pressure increases, the $104,629 and $101,059 levels will be monitored as supports. In order to maintain the overall bullish trend in BTC, it is crucial that the price does not fall below $108,000.Ethereum (ETH), on the other hand, has pulled back to the $2,570 level. The uptrend that began at $1,486 gained momentum after breaking through the $2,453 and $2,595 resistances. The current correction after the recent rise can be interpreted as a technical breather. The $2,595 level still acts as the first important support. If this level is broken upward again, the $2,800 and $2,981 levels may be monitored as potential resistance targets. On the other hand, if the price falls below $2,595, the $2,453 and $2,095 support levels may come into focus again. It is important for the positive outlook in ETH to maintain price movement above $2,595.Crypto News– Japan plans to allocate ¥900 billion in government funds for an emergency aid package in response to U.S. tariffs.– PFVS has been added to the Binance Alpha project.– Florida has become the first U.S. state to promote removing capital gains tax on Bitcoin.– President Powell did not comment on the economy or policy outlook in his commencement address at Princeton.CryptocurrenciesTop Gainers:– ZBCN → up 33.1%, reaching $0.00502794– SAROS → up 19.7%, reaching $0.19175176– VIRTUAL → up 17.2%, reaching $2.24– GRASS → up 17.2%, reaching $2.44– JUP → up 17.0%, reaching $0.61145538Top Losers:– USDB → down 1.9%, to $0.98728466– CHEEMS → down 1.5%, to $0.00000162– JST → down 1.0%, to $0.03539383– SYRUP → down 0.9%, to $0.44254981– BORG → down 0.8%, to $0.21739263Fear Index:Bitcoin: 72Ethereum: 58Dominance:Bitcoin: 64.21% ▼ 0.01%Ethereum: 9.14% ▲ 0.10%Daily Total Net ETF InflowsBTC ETFs: $211.70 millionETH ETFs: $58.60 millionGlobal MarketsPresident Trump’s tax cut bill and trade policies are increasing uncertainties about the future of the U.S. economy, while the decision to impose a 50% tariff on goods imported from the European Union and additional tariff threats targeting Apple have brought global trade concerns back into focus. However, Trump announced that the implementation date for these measures has been postponed from June 1 to July 9, 2025.These developments created selling pressure in global stock markets at the end of the week, while demand for goldincreased due to safe haven appeal, and Brent oil prices rose amid supply concerns. As we begin the new week, Trump’s decision to delay the implementation helped improve risk appetite slightly and created a more positive mood in global markets.Meanwhile, U.S. stock markets are closed today for Anna Day, and UK markets are closed due to the spring holiday.Most Valuable Companies and Stock Prices– Microsoft (MSFT) → $3.35 trillion market cap, share price: $450.18, ▼ 1.03%– NVIDIA (NVDA) → $3.2 trillion market cap, share price: $131.29, ▼ 1.16%– Apple (AAPL) → $2.92 trillion market cap, share price: $195.27, ▼ 3.02%– Amazon (AMZN) → $2.13 trillion market cap, share price: $200.99, ▼ 1.04%– Alphabet (GOOG) → $2.05 trillion market cap, share price: $169.59, ▼ 1.39%Borsa IstanbulAccording to domestic data released by the Ministry of Culture and Tourism, the number of foreign tourists increased by 8% year-over-year in April. However, in the first four months of the year, the total number of foreign visitors dropped by 0.6% compared to the same period last year, totaling 10.6 million. By country:– Visitors from Germany increased by 31.3%– From the UK, by 13.3%– But arrivals from Russia and Bulgaria declined by 5.1% and 14.2%, respectivelyThis limited the overall growth rate.Looking at the real sector’s foreign currency position, non-financial firms’ net FX short position decreased by $0.6 billionin March to $153.9 billion. During this period:– FX assets rose by $8.2 billion– FX liabilities increased by $7.7 billion– Domestic loans rose by $3.3 billion– Foreign loans rose by $2.8 billion– Short-term net FX surplus increased by $4.7 billion to $12.4 billionAccording to the CBRT’s May inflation expectations report:– 12-month forward inflation expectations declined to 25.1% among market participants– 41.0% in the real sector– But rose to 59.9% among householdsAt the same time, the CBRT increased reserve requirements for foreign repo transactions and foreign loan users in Turkish lira:– For up to 1-month maturity: raised to 18%– For up to 3-month maturity: raised to 14% (previously 12%)On Friday, the BIST-100 index fell by 1.3%, giving up its weekly gains and dropped to the 240 level in dollar terms, among the lowest levels in the last two years. The newly announced Credit Guarantee Fund (KGF) package included only limited credit expansion, while the U.S. trade war statements added to global selling pressure.This week, local markets will focus on:– Wednesday: Economic confidence index– Thursday: Foreign trade data– Friday: Q1 GDP (national income) and CBRT Financial Stability ReportTechnically, the BIST-100 index tested 9,505 on the last trading day of the week, then pulled back and closed at 9,356. The failure to break above the 9,475/9,500 resistance, and the index staying above 9,331, currently points to more of a consolidation than a decline.– Nearby supports: 9,331, 9,233– Strong support: 9,148–9,044 band– For upside movement: a close above 9,475 could signal optimismImportant levels:– Supports: 9,331 / 9,233 / 9,148 / 9,044 / 8,984– Resistances: 9,475–9,500 / 9,588 / 9,740–9,760 / 9,895 / 9,953Top Market Cap Companies on Borsa Istanbul– QNB Finansbank (QNBTR) → ₺871.84 billion market cap, share price: ₺260.25, no change– Aselsan (ASELS) → ₺621.07 billion market cap, share price: ₺136.40, ▲ 0.15%– Garanti Bank (GARAN) → ₺465.36 billion market cap, share price: ₺110.20, ▼ 0.54%– Turkish Airlines (THYAO) → ₺386.06 billion market cap, share price: ₺281.00, ▲ 0.45%– Koç Holding (KCHOL) → ₺374.30 billion market cap, share price: ₺147.70, ▲ 0.07%Precious Metals and Exchange Rates– Gold: ₺4,155– Silver: ₺41.62– Platinum: ₺1,378– Dollar: ₺39.02– Euro: ₺44.17See you again tomorrow with the latest news!
Historical Entries in Bitcoin and Ethereum ETFs: Institutional Capital Flows into Crypto
In May 2025, spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the U.S. experienced some of the largest institutional inflows in history. This development shows that digital assets are no longer just speculative instruments, but have become cornerstones of institutional portfolios. The size of the ETFs and the accelerating institutional interest appear poised to fundamentally reshape the role of Bitcoin and Ethereum in the global financial system.Record Figures in Spot Bitcoin ETFsIn the final week of May 2025, spot Bitcoin ETFs recorded $25 billion in weekly trading volume and $2.75 billion in net inflows. On May 22 alone, net inflows reached $934.8 million, marking the highest daily figure since January 2024.The largest share went to BlackRock’s IBIT fund, which set a new record with $877.2 million in daily inflows, pushing its assets under management to $68.7 billion. The fund currently holds 651,617 BTC, equivalent to 3.1% of total global supply.Since the spot ETFs were approved in January 2024, total net inflows have reached $44.6 billion. As of 2025, IBIT ranks among the top five ETFs in the U.S. by size.Quiet Climb in Ethereum ETFsDuring the same period, Ethereum ETFs also showed an upward trend. As of May 23, daily net inflows stood at $110.5 million, bringing the weekly total to $211.8 million.Fidelity’s FETH fund led with $42.2 million, while Grayscale’s ETHE fund contributed $43.7 million. Although BlackRock’s ETHA fund saw no inflows that week, it remains a significant institutional vehicle with $3.38 billion in assets under management.Gold vs. Bitcoin ETFs: The Race Heats UpIn the ETF market, traditional instruments and digital assets are now in direct competition. In Q1 2025, gold ETFsattracted $21.1 billion in net inflows, showing strong performance. During the same period, spot Bitcoin ETFs drew $3.6 billion in net inflows. This suggests that while investors still turn to gold as a “safe haven,” they are also increasingly acknowledging crypto’s rapid rise.According to data from Bitwise, Bitcoin ETFs brought in $36.2 billion in net inflows in 2024, outperforming the first-year performance of the GLD gold ETF by a factor of 20. Bitwise projects $120 billion in inflows by the end of 2025, and $300 billion by 2026.Governments and Corporations Are Accumulating BTCBeyond institutional investors, publicly traded companies and nation-states are also expanding their Bitcoin reserves. Public companies collectively hold 1,146,128 BTC (approx. $125 billion), which represents 5.8% of total supply.Governments hold a combined 529,705 BTC, led by the United States (207,189 BTC), China (194,000 BTC), and the United Kingdom (61,000 BTC).Bitwise estimates that by 2026, spot ETFs, sovereign reserves, and public companies will bring a total of $420 billion in capital into Bitcoin.Crypto Enters the Institutional EraAs of 2025, cryptocurrencies are no longer limited to individual investors; they are now firmly on the radar of institutional giants. Record inflows into spot Bitcoin and Ethereum ETFs reflect the legitimacy and growing adoptionof crypto assets.With Bitcoin approaching its all-time high of $112,000 and Ethereum rebounding 90%, investor confidence is clearly rising.With hundreds of billions of dollars in expected inflows by 2026, the crypto market is no longer just a tech trend—it now represents a permanent and transformative force in global finance.
Daily Market Summary with JrKripto 23 May 2025
You can find today’s edition of “Daily Market with JrKripto,” where we compile the most important developments from global and local markets, below. Let’s analyze the general market conditions together and review the latest evaluations.Bitcoin (BTC) is currently trading at $111,030. The long-term uptrend that began at $75,930 accelerated after surpassing the $101,059 and $104,000 resistance levels, with the price reaching a new all-time high (ATH) at $111,880 today. The limited pullback seen after this peak is considered a healthy profit-taking. If the upward move continues, the next resistance targets stand at $114,500 and $118,300. In potential downward corrections, $108,000 serves as the first strong support, followed by $104,629 and $101,059 as lower support levels. To maintain the positive outlook, staying above $108,000 is crucial.Ethereum (ETH) is currently trading sideways at $2,665. The strong upward trend from $1,486 gained momentum after breaking the $2,453 and $2,595 resistance levels. ETH continues to hold above $2,595, and as long as this level holds, the next resistance targets are $2,800 and $2,981. In case of downward movement, $2,595 will be the first support. If breached, $2,453 and $2,095 will come back into focus. Maintaining above $2,595 is key to preserving ETH’s upward momentum.Crypto NewsSEC approves Canary Staking TRX ETF application.CFTC’s Mersinger: Crypto perpetual futures may be tradable in the U.S.Kraken to offer over 50 tokenized stocks and ETFs, including Apple, Tesla, and NVIDIA.Strategy plans to sell $2.1 billion in preferred shares to fund Bitcoin purchases.Cetus protocol on $SUI exploited.FIFA partners with Avalanche (AVAX) to launch its own blockchain network.Binance to list World Liberty Financial USD (USD1).Top Gainers:MEW → up 27.6%, now at $0.00466798WLD → up 23.0%, now at $1.56DOG → up 21.0%, now at $0.00546503HYPE → up 18.2%, now at $36.83WHYPE → up 17.6%, now at $36.66Top Losers:KTA → down 13.8%, now at $0.73976103TRUMP → down 9.4%, now at $13.95DEEP → down 9.1%, now at $0.19136417FRAX → down 9.1%, now at $3.22WAL → down 8.5%, now at $0.58493299Fear & Greed Index:Bitcoin: 75Ethereum: 60Market Dominance:Bitcoin: 63.81% ▼ 0.31%Ethereum: 9.32% ▲ 0.49%Daily Total Net ETF Inflows:BTC ETFs: $934.80 millionETH ETFs: $110.50 millionGlobal MarketsU.S. stock markets started the day under selling pressure but ended flat thanks to bond market buying. The S&P 500 and Dow Jones indices moved sideways, while the Nasdaq rose 0.28%, with the "Magnificent Seven" tech stocks showing strong performance. Only 3 out of 11 sectors in the S&P 500 closed in the green.S&P Global's services and manufacturing PMI came in at 52.3, beating expectations. This strong performance was supported by potential delays in U.S. tariffs on China. However, existing home sales fell 0.5%, reflecting weakness in that area.Meanwhile, a tax cut bill passed the House of Representatives by a vote of 215 to 214, and now moves to the Senate. This development is shaping market expectations for future tax policies. Still, near-term budget deficit concerns are suppressing demand for bond auctions. As of this morning, U.S. futures are showing mild declines.The VIX volatility index fell 0.6 points to 20.3, indicating a relatively calm market.Weekly jobless claims in the U.S. dropped by 2,000 to 227,000 for the week ending May 17. However, the 4-week average rose by 1,000 to 231,500, signaling slight labor market cooling. Continuing claims rose by 36,000 to 1.9 millionfor the week ending May 10.In Asia, markets were mixed, while European indices opened positively. Today’s U.S. new home sales and building permits data will be closely watched.In Japan, core inflation (excluding fresh food) rose from 3.2% in March to 3.5% in April, pointing to continued price pressures.Most Valuable Companies & Stock PricesMicrosoft (MSFT) → $3.38T market cap, share price: $454.86, ▲ 0.51%NVIDIA (NVDA) → $3.24T market cap, share price: $132.83, ▲ 0.78%Apple (AAPL) → $3.01T market cap, share price: $201.36, ▼ 0.36%Amazon (AMZN) → $2.16T market cap, share price: $203.10, ▲ 0.98%Alphabet (GOOG) → $2.08T market cap, share price: $171.98, ▲ 1.13%Borsa Istanbul (BIST)Yesterday, Borsa Istanbul saw a ~2% intraday rebound, closing near 9,500, driven by expectations related to the Credit Guarantee Fund. There is evidence of foreign buying and inflows from major institutions. However, technical indicators show that momentum is still weak. A clear upward move would require the index to break above the 9,700–9,800 range. As long as this does not happen, a cautious tone may persist.In the short term, 9,530 points is a resistance level, while the 9,350–9,400 band is support. Below that, 9,000–9,100 is seen as the main support zone.Q1 earnings from companies were weak, and rising interest rates prompted downward revisions in target prices. However, these were not as severe as expected. The 12-month average target for BIST 100, previously around 14,400 points, has been revised to 13,800. This still suggests an upside potential of about 46%—but for this to materialize, new market catalysts are needed, such as:Falling interest ratesAccelerating economic growthReduction in domestic and global political/economic uncertaintyUntil these factors align, no meaningful short-term rally is expected.Today, the market will follow the CBRT’s weekly foreign investor flows report. While there was a $670 million inflow over the past four weeks, a significant outflow is expected for the May 12–16 week.Turkey’s 5-year CDS started the day at 298 basis points, indicating continued high risk perception.According to the CBRT’s second Inflation Report of the year, inflation forecasts remain:2025 year-end: 24%2026: 12%2027: 8%The upper and lower bounds of these forecasts remain unchanged (e.g., 19–29% for 2025), and the CBRT notes that upward and downward risks are currently balanced.Highest Market Cap Companies on Borsa Istanbul:QNB Finansbank (QNBTR) → 886.08B TL market cap, share price: 262.75 TL, ▼ 0.66%Aselsan (ASELS) → 624.72B TL market cap, share price: 136.10 TL, ▼ 0.66%Garanti Bank (GARAN) → 472.08B TL market cap, share price: 113.20 TL, ▲ 0.71%Turkish Airlines (THYAO) → 392.26B TL market cap, share price: 285.00 TL, ▲ 0.26%Koç Holding (KCHOL) → 382.41B TL market cap, share price: 151.20 TL, ▲ 0.27%Precious Metals and Exchange RatesGold: 4,155 TLSilver: 41.62 TLPlatinum: 1,378 TLUSD: 39.02 TLEUR: 44.17 TLSee you again tomorrow with the latest updates!
Daily Market Summary with JrKripto 22 May 2025
You can find today’s edition of “Daily Market with JrKripto”, where we compile the most important developments in global and local markets, below. Let’s analyze general market conditions together and review the latest insights.Bitcoin (BTC) is currently trading at $110,600. The long-term uptrend that began at $75,930 gained momentum after breaking through the $101,059 and $104,000 resistance levels, and as of today, BTC has reached $111,880, setting a new all-time high (ATH). The slight pullback following this new peak can be seen as a natural profit-taking movement. If the upward momentum continues, potential resistance levels to watch are $114,500 and $118,300. In downward corrections, the first support is at $108,000; below that, $104,629 and $101,059 stand out as key support zones. Maintaining stability above $108,000 is critical for BTC to sustain its bullish trend.Ethereum (ETH) is currently trading at $2,665. The strong rally from $1,486 has accelerated with the breakout of the $2,453 and $2,595 resistance levels. With current pricing, ETH’s next potential targets are $2,800 and $2,981. In possible correction scenarios, the first support level will be $2,595. If this level breaks, $2,453 and $2,095 are the next support areas to watch. To maintain upward momentum, ETH needs to hold above $2,595.Crypto NewsBinance to list World Liberty Financial USD (USD1)Senator Cynthia Lummis said Americans are ready to update U.S. gold reserves with BitcoinSEC approved in-kind redemptions for BlackRock's Spot Ethereum ETFThe Texas House of Representatives officially passed the Strategic Bitcoin Reserve Act SB21WLD raised $135 million from Andreessen Horowitz and Bain Capital Crypto to fund network expansionBitcoin breaks its all-time high with a new recordTether minted $2 billion USDTTop Gainers:SPX → Up 25.1%, now at $0.92172304DOG → Up 24.8%, now at $0.00452217FARTCOIN → Up 21.0%, now at $1.56WIF → Up 20.6%, now at $1.16POPCAT → Up 19.8%, now at $0.53627774Top Losers:OM → Down 3.2%, now at $0.4199871KAITO → Down 2.3%, now at $2.10FRAX → Down 1.8%, now at $3.65DEXE → Down 1.1%, now at $12.61BTSE → Down 0.5%, now at $1.51Fear & Greed Index:Bitcoin: 71 (Greed)Ethereum: 60 (Greed)Dominance:Bitcoin: 64.21% ▼ 0.13%Ethereum: 9.16% ▲ 0.81%Daily Total Net ETF InflowsBTC ETFs: $607.10 millionETH ETFs: $1 millionGlobal MarketsConcerns over tax cuts in the U.S. and the resulting budget deficit led to weak demand in the bond market and selling pressure in equity markets. Particularly, the weak demand for the 20-year U.S. Treasury auction caused a sharp increase in yields. While these budget concerns create short-term pressure, a potential corporate tax cut in the future could support U.S. equities.U.S. stock indexes started the day lower, attempted to recover during the session, but fell again after the Treasury auction and ended the day with losses. The 20-year bond yield came in at 5.04%. The 2-year yield rose by 5 basis points, climbing above 4.00%, while 10- and 20-year yields rose by 11 basis points.As a result:S&P 500 fell 1.61%Dow Jones fell 1.91%Nasdaq fell 1.41%10 of the 11 major sectors in the S&P 500 closed negative. The only sector in the green was telecommunications, with a 0.67% gain. The steepest losses were in real estate (-2.63%), healthcare (-2.37%), financials (-2.05%), and infrastructure (-1.91%).Today’s economic data includes:S&P Global PMIHome sales data10-year TIPS (inflation-indexed bonds) auctionU.S. index futures are showing a flat trend in early hours, while European futures and Asian markets display a selling bias. European markets are also expected to start the day weak.Top Companies and Stock PricesMicrosoft (MSFT) → $3.36T market cap, stock price $452.57, ▼ 1.22%NVIDIA (NVDA) → $3.21T market cap, stock price $131.80, ▼ 1.92%Apple (AAPL) → $3.02T market cap, stock price $202.09, ▼ 2.31%Amazon (AMZN) → $2.14T market cap, stock price $201.12, ▼ 1.45%Alphabet (GOOG) → $2.05T market cap, stock price $170.06, ▲ 2.87%Borsa IstanbulThe BIST 100 index failed to break through the 9750–9800 resistance range for four consecutive days last week and fell slightly below 9400 amid continued capital outflows. Short-term indicators show weakening momentum, and the weak outlook in global markets is adding pressure on BIST.In this context, the 9200–9250 range is the first key support zone. On the upside, 9500 is the critical resistance.Following weak Q1 2025 earnings, analysts revised their BIST 100 target price downward. The new 12-month target average is around 13,800, implying a 47% potential return. However, the lack of strong catalysts to realize this potential reinforces the view that “a stock market that can’t rise, falls,” bringing the 9000–9100 zone back into focus.Today, attention in Türkiye is on the CBRT’s second Inflation Report of the year. In February, the central bank raised its 2025 year-end inflation forecast from 21% to 24%, while maintaining the 2026 forecast at 12%. The report will be released at 10:30 AM. Key data releases today also include:Manufacturing capacity utilization rateReal sector confidence indexSectoral confidence indicesMeanwhile, the Treasury has authorized Bank of America, BNP Paribas, HSBC, and Morgan Stanley for a new 2032 dollar-denominated bond issuance abroad. According to Bloomberg, the issue totals $2 billion with a yield of 7.45%. This brings the total international issuance for the year to $4.5 billion.Yesterday, the BIST 100 dropped for the second day in a row, closing down 1.2% at 9398 points. It is still up 3.5% for the month but down 4.4% year-to-date. Energy and REIT stocks slightly outperformed, while Turkish Airlines, Pegasus, Koç Holding, and Ereğli weighed on the index. Retail stocks also saw continued selling pressure.Technically, the close below 9475 signals continued weakness. Immediate support levels are at 9331–9233, with stronger support at 9148–9044. If the downward move persists, 8984 will be the next level to watch. On the upside, a close above 9475 is needed for recovery. Key resistance levels are:9475, 9740–9760, 9895, and 9953.A stabilization attempt may be seen today after two days of decline.Top Companies by Market Cap on Borsa IstanbulQNB Finansbank (QNBTR) → ₺893.61B market cap, ₺265.00 per share, ▼ 0.66%Aselsan (ASELS) → ₺606.48B market cap, ₺131.60 per share, ▼ 1.05%Garanti Bank (GARAN) → ₺467.04B market cap, ₺113.50 per share, ▲ 2.07%Turkish Airlines (THYAO) → ₺386.06B market cap, ₺280.25 per share, ▲ 0.18%Koç Holding (KCHOL) → ₺383.93B market cap, ₺150.50 per share, ▼ 0.59%Precious Metals & Exchange RatesGold: ₺4172Silver: ₺41.52Platinum: ₺1337USD/TRY: ₺38.83EUR/TRY: ₺44.04See you again tomorrow with the latest updates!
BlackRock’s New Ethereum Move: In-Kind Buyback Period in Spot ETF
One of the largest asset management companies in the U.S., BlackRock, has taken a significant step toward the Ethereum market. The company has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a spot ETF product called iShares Ethereum Trust, which includes “in-kind” transactions—i.e., transactions conducted directly with Ethereum.With this application, investors in BlackRock’s ETF would be able to buy and sell shares using Ethereum instead of cash. This has the potential to improve both transaction efficiency and tax advantages for investors.What Is “In-Kind Redemption” and Why Is It Important?“In-kind redemption” refers to a system where ETF investors can use crypto assets (in this case, Ethereum) instead of cash to buy or sell ETF shares. That means an investor can give ETH to receive ETF shares, or redeem ETF shares in exchange for ETH.The advantages of this system for investors include:Lower transaction costsReduced tax burden (since it's a direct asset swap)ETF prices closer to Ethereum's actual market valueThis approach had previously been applied successfully with BlackRock’s Bitcoin ETF, and a similar impact is now expected for Ethereum.SEC Decision Expected in NovemberBlackRock’s application has not yet been approved. The SEC is expected to issue a final decision by November 10, 2025. If approved, this could mark a historic milestone for Ethereum.Additionally, reports indicate that BlackRock is in discussions with the SEC to include Ethereum staking (i.e., earning income through proof-of-stake) in the ETF. This feature would allow investors to earn passive income through their ETF shares. However, staking is subject to a more complex regulatory process.Is the Institutional Ethereum Era Beginning?This application is more than just a technical detail. It signals a deeper shift: Institutional investors are now showing significant interest in Ethereum—not just Bitcoin. The fact that a giant like BlackRock is working systematically on Ethereum products suggests that the market is maturing.Possible implications of this development include:Medium-term upward price expectations for EthereumDiversification of ETFs and expansion of the investor baseGreater integration of Ethereum into traditional financeBlackRock’s in-kind transaction filing for its spot Ethereum ETF signals a structural transformation in the crypto markets. If approved by the SEC, Ethereum—like Bitcoin—could become a mainstay in institutional portfolios. At the same time, it would open the door to a more efficient, transparent, and low-cost investment product for investors.Institutionalization in the crypto world is growing step by step. In this new era, Ethereum is set to become highly visible—not just through its technological foundation, but as a financial product as well.
Daily Market Summary with JrKripto 21 May 2025
You can find today’s edition of “Daily Market with JrKripto,” where we compile the most important developments from global and local markets, below. Let’s analyze the general market conditions together and review the latest evaluations.Bitcoin (BTC) is currently trading at $104,700. The upward trend that started at $75,930 has continued strongly after breaking through the resistance levels of $101,059 and $104,000. Most recently, BTC is priced above the $104,629 resistance. If it maintains permanence above this level, the next targets appear to be $108,000 and $109,850. In the event of a pullback, $104,629 now serves as the first support level. Below that, $101,059 and subsequently $96,115 can be followed as support. While the overall trend remains positive, holding above $104,629 is critical for the continuation of the rise.Ethereum (ETH) is currently trading at $2,480. After starting its rise from the $1,486 level, it broke the $2,453 resistance and tested $2,595 before pulling back. At present, ETH is trying to hold above the $2,453 level. If this support holds, $2,595 and $2,981 could again become targets. However, if it drops below $2,453, the levels of $2,095 and $1,790 should be watched as support levels. Maintaining above $2,453 is important for ETH to preserve its positive outlook.Crypto NewsIndia’s Supreme Court stated that cryptocurrencies should be regulated rather than banned.Coinbase’s customer data theft will be investigated by the DOJ.The SEC has delayed its decision on Fidelity’s spot Solana ETF application.Trump said his meeting with Putin went very well and that ceasefire negotiations between Russia and Ukraine would begin immediately.Putin: "My meeting with Trump was very meaningful. It was very informative and beneficial."JPMorgan CEO Jamie Dimon announced that the company will not offer Bitcoin custody services but will allow customers to purchase Bitcoin.A class action lawsuit has been filed against MicroStrategy and its executives for allegedly making misleading statements about their Bitcoin strategy.The Central Bank of Russia plans to lift restrictions on financial instruments linked to Bitcoin and cryptocurrencies.Top Gainers:KTA → up 31.0%, reached $0.80163842LAUNCHCOI → up 21.8%, reached $0.24297025AAVE → up 19.7%, reached $261.82SYRUP → up 15.9%, reached $0.36833722SPX → up 11.8%, reached $0.72499049Top Losers:PYTH → down 8.3%, dropped to $0.13006234NEIRO → down 5.6%, dropped to $0.00053275AMP → down 5.2%, dropped to $0.00463428IP → down 3.5%, dropped to $4.58SFP → down 3.1%, dropped to $0.54123572Fear & Greed Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 63.80% ▼ 0.13%Ethereum: 9.33% ▲ 0.38%Daily Total Net ETF Inflows:BTC ETFs: $667.40 millionETH ETFs: $13.70 millionGlobal MarketsVolatility in global markets continues, though signs of recovery are evident this morning. Following a 90-day trade agreement between the U.S. and China, tariff-related concerns have taken a backseat for now. Meanwhile, credit rating agency Moody’s downgraded the U.S. credit rating by one notch to Aa1 for the first time in 108 years, citing high debt and widening deficits. The outlook was revised from “negative” to “stable.”Despite the pressure from the downgrade, a constructive two-hour meeting between President Donald Trump and Russian President Vladimir Putin, with calls to begin peace talks for the Russia-Ukraine war, helped limit market fallout.Markets started the day with selling pressure due to Moody’s move but later recovered thanks to buying activity. Stock and bond markets ended the day flat to slightly positive. The U.S. 10-year Treasury yield tested 4.56% during the day but fell to 4.45% on increased buying.Out of the 11 major sectors in the S&P 500, 7 closed in positive territory. The top-performing sectors were healthcare (+0.96%), consumer staples (+0.42%), and industrials (+0.38%). Energy (-1.55%) and consumer discretionary (-0.27%) were the weakest.New York Fed President John Williams and Atlanta Fed President Raphael Bostic stated there were no short-term rate cut expectations. Meanwhile, China’s central bank (PBOC) cut its policy rate by 10 basis points for the first time in 7 months to support markets. This move was welcomed in Asia, and European markets are expected to start the day positively.Most Valuable Companies & Stock PricesMicrosoft (MSFT) → $3.41T market cap, stock at $458.87, up 1.01%NVIDIA (NVDA) → $3.31T market cap, stock at $135.57, up 0.13%Apple (AAPL) → $3.12T market cap, stock at $208.78, down 1.17%Amazon (AMZN) → $2.19T market cap, stock at $206.16, unchangedAlphabet (GOOG) → $2.03T market cap, stock at $167.87, up 0.26%Borsa IstanbulAfter climbing from the 9,000 level to 9,800, the BIST 100 index remains in search of direction. Toward the week’s close, limited capital inflows replaced recent outflows, leading to a recovery trend—especially driven by the banking sector. Today, the effort to hold above the 9,600 level is expected to continue.While today’s data calendar is relatively quiet, the Inflation Report to be released by the CBRT on Thursday will be a key highlight for monetary policy direction. Turkey’s 5-year CDS started the day at 295 basis points, signaling relatively balanced risk perception.According to CBRT’s May Market Participants Survey, year-end inflation expectations rose slightly from 30% to 30.35%. The end-2026 forecast is 20.6%, 24-month forward expectation is 17.8%, and 5-year forward is 11.2%, showing little change from the previous month.Bloomberg HT’s Consumer Confidence Preliminary Index dropped by 1.8% in May to 70.90, signaling a slight decline in consumer confidence.The BIST 100 index finished last week with a 3.0% gain, mainly due to strong demand for banking stocks. The average weekly return of bank shares was 6.9%. Globally, the highlight was the announcement that Russia-Ukraine peace negotiations would begin urgently following the Trump-Putin meeting.This week’s data calendar includes:Today: Consumer confidence indexThursday: Real sector and sectoral confidence indices, capacity utilization rateFriday: Sectoral inflation expectationsThe focus is clearly on Thursday’s Inflation Report.Technically, the BIST 100 tested 9,516 during the day and closed at 9,668. The 9,475–9,580 range remains a key support zone. Staying above these levels suggests continued upward movement. A break above 9,740–9,760 could bring the 9,895 resistance level back into play. However, falling below the 9,475–9,580 band could trigger renewed weakness.Key Support Levels: 9,490/9,475, 9,230, 9,044Key Resistance Levels: 9,740/9,760, 9,895, 9,953Highest Market Cap Companies on Borsa Istanbul:QNB Finansbank (QNBTR) → 901.15B TL market cap, stock at 267.00 TL, down 0.74%Aselsan (ASELS) → 632.02B TL market cap, stock at 130.80 TL, down 5.63%Garanti Bank (GARAN) → 475.86B TL market cap, stock at 114.00 TL, up 0.62%Turkish Airlines (THYAO) → 404.34B TL market cap, stock at 290.25 TL, down 0.94%Koç Holding (KCHOL) → 403.21B TL market cap, stock at 158.00 TL, down 0.63%Precious Metals and Exchange RatesGold: 4,006 TLSilver: 39.87 TLPlatinum: 1,226 TLDollar: 38.83 TLEuro: 43.72 TLSee you again tomorrow with the latest news!
Daily Market Summary with JrKripto 20 May 2025
You can find today’s edition of “Daily Market with JrKripto,” where we compile the most important developments from global and local markets, below. Let’s analyze the general market conditions together and review the latest evaluations.Bitcoin (BTC) is currently trading at $104,700. The upward trend that started at $75,930 has continued strongly after breaking through the resistance levels of $101,059 and $104,000. Most recently, BTC is priced above the $104,629 resistance. If it maintains permanence above this level, the next targets appear to be $108,000 and $109,850. In the event of a pullback, $104,629 now serves as the first support level. Below that, $101,059 and subsequently $96,115 can be followed as support. While the overall trend remains positive, holding above $104,629 is critical for the continuation of the rise.Ethereum (ETH) is currently trading at $2,480. After starting its rise from the $1,486 level, it broke the $2,453 resistance and tested $2,595 before pulling back. At present, ETH is trying to hold above the $2,453 level. If this support holds, $2,595 and $2,981 could again become targets. However, if it drops below $2,453, the levels of $2,095 and $1,790 should be watched as support levels. Maintaining above $2,453 is important for ETH to preserve its positive outlook.Crypto NewsIndia’s Supreme Court stated that cryptocurrencies should be regulated rather than banned.Coinbase’s customer data theft will be investigated by the DOJ.The SEC has delayed its decision on Fidelity’s spot Solana ETF application.Trump said his meeting with Putin went very well and that ceasefire negotiations between Russia and Ukraine would begin immediately.Putin: "My meeting with Trump was very meaningful. It was very informative and beneficial."JPMorgan CEO Jamie Dimon announced that the company will not offer Bitcoin custody services but will allow customers to purchase Bitcoin.A class action lawsuit has been filed against MicroStrategy and its executives for allegedly making misleading statements about their Bitcoin strategy.The Central Bank of Russia plans to lift restrictions on financial instruments linked to Bitcoin and cryptocurrencies.Top Gainers:KTA → up 31.0%, reached $0.80163842LAUNCHCOI → up 21.8%, reached $0.24297025AAVE → up 19.7%, reached $261.82SYRUP → up 15.9%, reached $0.36833722SPX → up 11.8%, reached $0.72499049Top Losers:PYTH → down 8.3%, dropped to $0.13006234NEIRO → down 5.6%, dropped to $0.00053275AMP → down 5.2%, dropped to $0.00463428IP → down 3.5%, dropped to $4.58SFP → down 3.1%, dropped to $0.54123572Fear & Greed Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 63.80% ▼ 0.13%Ethereum: 9.33% ▲ 0.38%Daily Total Net ETF Inflows:BTC ETFs: $667.40 millionETH ETFs: $13.70 millionGlobal MarketsVolatility in global markets continues, though signs of recovery are evident this morning. Following a 90-day trade agreement between the U.S. and China, tariff-related concerns have taken a backseat for now. Meanwhile, credit rating agency Moody’s downgraded the U.S. credit rating by one notch to Aa1 for the first time in 108 years, citing high debt and widening deficits. The outlook was revised from “negative” to “stable.”Despite the pressure from the downgrade, a constructive two-hour meeting between President Donald Trump and Russian President Vladimir Putin, with calls to begin peace talks for the Russia-Ukraine war, helped limit market fallout.Markets started the day with selling pressure due to Moody’s move but later recovered thanks to buying activity. Stock and bond markets ended the day flat to slightly positive. The U.S. 10-year Treasury yield tested 4.56% during the day but fell to 4.45% on increased buying.Out of the 11 major sectors in the S&P 500, 7 closed in positive territory. The top-performing sectors were healthcare (+0.96%), consumer staples (+0.42%), and industrials (+0.38%). Energy (-1.55%) and consumer discretionary (-0.27%) were the weakest.New York Fed President John Williams and Atlanta Fed President Raphael Bostic stated there were no short-term rate cut expectations. Meanwhile, China’s central bank (PBOC) cut its policy rate by 10 basis points for the first time in 7 months to support markets. This move was welcomed in Asia, and European markets are expected to start the day positively.Most Valuable Companies & Stock PricesMicrosoft (MSFT) → $3.41T market cap, stock at $458.87, up 1.01%NVIDIA (NVDA) → $3.31T market cap, stock at $135.57, up 0.13%Apple (AAPL) → $3.12T market cap, stock at $208.78, down 1.17%Amazon (AMZN) → $2.19T market cap, stock at $206.16, unchangedAlphabet (GOOG) → $2.03T market cap, stock at $167.87, up 0.26%Borsa IstanbulAfter climbing from the 9,000 level to 9,800, the BIST 100 index remains in search of direction. Toward the week’s close, limited capital inflows replaced recent outflows, leading to a recovery trend—especially driven by the banking sector. Today, the effort to hold above the 9,600 level is expected to continue.While today’s data calendar is relatively quiet, the Inflation Report to be released by the CBRT on Thursday will be a key highlight for monetary policy direction. Turkey’s 5-year CDS started the day at 295 basis points, signaling relatively balanced risk perception.According to CBRT’s May Market Participants Survey, year-end inflation expectations rose slightly from 30% to 30.35%. The end-2026 forecast is 20.6%, 24-month forward expectation is 17.8%, and 5-year forward is 11.2%, showing little change from the previous month.Bloomberg HT’s Consumer Confidence Preliminary Index dropped by 1.8% in May to 70.90, signaling a slight decline in consumer confidence.The BIST 100 index finished last week with a 3.0% gain, mainly due to strong demand for banking stocks. The average weekly return of bank shares was 6.9%. Globally, the highlight was the announcement that Russia-Ukraine peace negotiations would begin urgently following the Trump-Putin meeting.This week’s data calendar includes:Today: Consumer confidence indexThursday: Real sector and sectoral confidence indices, capacity utilization rateFriday: Sectoral inflation expectationsThe focus is clearly on Thursday’s Inflation Report.Technically, the BIST 100 tested 9,516 during the day and closed at 9,668. The 9,475–9,580 range remains a key support zone. Staying above these levels suggests continued upward movement. A break above 9,740–9,760 could bring the 9,895 resistance level back into play. However, falling below the 9,475–9,580 band could trigger renewed weakness.Key Support Levels: 9,490/9,475, 9,230, 9,044Key Resistance Levels: 9,740/9,760, 9,895, 9,953Highest Market Cap Companies on Borsa Istanbul:QNB Finansbank (QNBTR) → 901.15B TL market cap, stock at 267.00 TL, down 0.74%Aselsan (ASELS) → 632.02B TL market cap, stock at 130.80 TL, down 5.63%Garanti Bank (GARAN) → 475.86B TL market cap, stock at 114.00 TL, up 0.62%Turkish Airlines (THYAO) → 404.34B TL market cap, stock at 290.25 TL, down 0.94%Koç Holding (KCHOL) → 403.21B TL market cap, stock at 158.00 TL, down 0.63%Precious Metals and Exchange RatesGold: 4,006 TLSilver: 39.87 TLPlatinum: 1,226 TLDollar: 38.83 TLEuro: 43.72 TLSee you again tomorrow with the latest news!
Daily Market Summary with JrKripto 15 May 2025
You can find today’s “Daily Market with JrKripto,” where we compile the most important developments in global and local markets, below. Let’s analyze the general market conditions together and take a look at the latest evaluations.Bitcoin (BTC) is currently trading at $101,550. The strong upward trend that started from the $75,930 level gained significant momentum after surpassing the $101,059 and $104,000 resistance levels. However, with the selling pressure from the $104,629 level, a short-term pullback is being observed in BTC. Currently, the $101,059 level is being tested as a critical support. If staying above this zone is maintained, the upward movement may regain strength, and if the $104,629 resistance is surpassed, the $108,000 and $109,850 levels may again become targets. On the other hand, if the $101,059 support is lost, the $96,115 and $94,570 levels are strong support zones to follow on the downside.Ethereum (ETH) has dropped to the $2,530 level. With the strong rise that started from the $1,486 support, ETH broke the $2,453 resistance and, after testing the $2,595 level, faced some profit-taking. It is currently trading above the $2,453 level. As long as it remains above this zone, with the continuation of the upward trend, the $2,595 and $2,981 levels may again become targets. However, in case the $2,453 level is broken to the downside, the $2,095 and $1,790 levels should be followed as the next support zones. To maintain the positive outlook in ETH, price action above $2,453 is important.Crypto NewsPresident Trump stated that India has offered zero customs duty on U.S. goods.JP Morgan completed the first publicly tokenized bond transaction on the Ondo blockchain.Trump: We are ahead of China in crypto.Trump: I am a big crypto fan.Coinbase announced that cbADA, cbDOGE, cbLTC, and cbXRP are coming soon.Twent One announced that it purchased 4,812 BTC at an average price of 95,300.CryptocurrenciesTop Gainers:FAI → Increased by 38.5%, reaching $0.02676225.ATH → Increased by 20.2%, reaching $0.05417113.LAUNCHCOI → Increased by 18.9%, reaching $0.24307398.AMP → Increased by 13.2%, reaching $0.00516593.NEIRO → Increased by 8.3%, reaching $0.0006159.Top Losers:PI → Decreased by 25.1%, falling to $0.88510663.GIGA → Decreased by 14.7%, falling to $0.02361419.TOSHI → Decreased by 14.3%, falling to $0.00068798.TDCCP → Decreased by 13.1%, falling to $0.36088537.PYTH → Decreased by 12.8%, falling to $0.16686662.Fear Index:Bitcoin: 71 (Greed)Ethereum: 60 (Greed)Dominance:Bitcoin: 62.59% ▲ 0.01%Ethereum: 9.56% ▼ 0.27%Daily Total Net ETF InflowsBTC ETFs: $319.50 MillionETH ETFs: $63.50 MillionThank you, and here are the data to be announced on Thursday, May 15, 2025:Data to Watch Today15:30 – Core Retail Sales (Monthly) (April)Expectation: 0.3% – Previous: 0.5%15:30 – Jobless ClaimsExpectation: 229K – Previous: 228K15:30 – Philadelphia Fed Manufacturing Index (May)Expectation: -11.3 – Previous: -26.415:30 – Producer Price Index (PPI) (Monthly) (April)Expectation: 0.2% – Previous: -0.4%15:30 – Retail Sales (Monthly) (April)Expectation: 0.0% – Previous: 1.4%15:40 – Fed Chair Powell’s SpeechGlobal MarketsPositive developments in global trade and the U.S.'s agreements with Gulf countries on the technology sector led to strong gains, especially in tech stocks. With these developments, the Nasdaq index rose by 0.72%, the S&P 500 gained 0.10%, while the Dow Jones index declined by 0.21%.Among the 11 main sectors in the S&P 500 index, technology, telecommunications, and consumer discretionary sectors showed gains. The weakest performance came from the healthcare sector, which fell by 2.31%, followed by the materials sector (0.96%) and real estate sector (0.90%).Especially Nvidia and Tesla shares contributed significantly to the overall performance of the technology sector, rising by 16% and 16.6% respectively in the first three trading days of the week.With U.S. crude oil inventories showing the highest increase in the last two months, concerns about oversupply in oil prices increased. Brent oil fell by 0.8% to $66.1, while U.S. crude oil inventories rose by 3.5 million barrels last week to reach 441.8 million barrels.Gold prices also fell by 2.2%, declining to $3,177/ounce, the lowest level in the last five weeks, due to reduced safe-haven demand amid decreasing economic uncertainties.The U.S. 10-year bond yield rose to 4.54%, the highest level since February 18, while the 2-year bond yield climbed to 4.05%, the highest since February 27. This indicates a continued upward trend in bond market interest rates. The spread between the 10-year and 2-year bond yields increased from 46 to 49 basis points.The Dollar Index (DXY) ended the day flat at 101.0. The euro/dollar parity closed the day down by 0.2% at 1.118.While a mixed outlook dominates Asian stock markets this morning, European markets are expected to start the day with a flat to slightly negative trend. Today, U.S. PPI (Producer Price Index) data for April stands out in the economic calendar. Also, peace negotiations between Russia and Ukraine are planned to be held in Istanbul today and are being closely followed by the markets.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → $3.37T market cap, $452.94 per share, up 0.85%NVIDIA (NVDA) → $3.30T market cap, $135.34 per share, up 4.16%Apple (AAPL) → $3.17T market cap, $212.33 per share, down 0.28%Amazon (AMZN) → $2.23T market cap, $210.25 per share, down 0.53%Alphabet (GOOG) → $2.01T market cap, $166.81 per share, up 3.68%Borsa İstanbulDomestically, today’s key data includes the central government’s April budget balance, the March service and construction production indices, and the number of salaried employees. In March, the central government budget deficit came in at TRY 261.5 billion, below the Treasury’s previously announced cash deficit of TRY 298.4 billion. In April, the Treasury’s cash balance posted a deficit of TRY 183.5 billion, while the primary balance recorded a surplus of TRY 73.6 billion. The service production index had lost momentum in February; the annual increase, which was 7.0% in January, slowed to 1.2% in February.Yesterday, Borsa Istanbul showed a generally flat market trend. Shares of Garanti Bank, Turkcell, and Aselsan outperformed, while sales pressure on Turkish Airlines (THY), which holds significant weight in the index, limited the upward movement. Additionally, expectations of extended settlement periods due to the upcoming May 19th public holiday led to cautious market behavior. On top of that, news suggesting that top leaders will not attend the Russia–Ukraine ceasefire talks dampened market optimism. However, any potential ceasefire decision coming out of today’s discussions could positively impact market sentiment. Therefore, a slightly bullish tone is expected on the BIST today.From a technical perspective, the BIST100 index dropped to 9,658 during the session but recovered with reactionary buying to close at 9,702. The index’s ability to stay above the 9,475–9,580 band—considered a transition zone—signals continued market optimism. As long as this zone holds, upward momentum could strengthen, and if the 9,740/9,750 intermediate resistance is surpassed, the 9,895 resistance could come into play. Hence, the 9,580–9,475 range now serves as a critical support zone.Top Companies by Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR) → Market Cap: TRY 929.63 billion, Share Price: TRY 270.75, ▼ 2.43%Aselsan Electronic Industry (ASELS) → Market Cap: TRY 629.28 billion, Share Price: TRY 139.40, ▲ 1.01%Garanti Bank (GARAN) → Market Cap: TRY 477.12 billion, Share Price: TRY 111.50, ▼ 1.85%Turkish Airlines (THYAO) → Market Cap: TRY 412.62 billion, Share Price: TRY 298.00, ▼ 0.33%ENKA Construction and Industry (ENKAI) → Market Cap: TRY 398.61 billion, Share Price: TRY 67.65, ▼ 0.51%Precious Metals and Currency RatesGold: TRY 3,940Silver: TRY 39.87Platinum: TRY 1,226USD/TRY: 38.77EUR/TRY: 43.49Looking forward to seeing you again tomorrow with the latest updates!
