MARKET SUMMARY
Latest Situation in Crypto Assets
| Assets | Last Price | 24h Change | Dominance | Market Cap. |
|---|---|---|---|---|
| BTC | 98,370.63 | 0.83% | 60.23% | 1,95 T |
| ETH | 2,845.85 | 3.81% | 10.62% | 343,82 B |
| XRP | 2.458 | -1.56% | 4.39% | 142,18 B |
| SOLANA | 203.15 | -0.75% | 3.06% | 99,19 B |
| DOGE | 0.2648 | -0.06% | 1.21% | 39,24 B |
| CARDANO | 0.7630 | 2.07% | 0.83% | 26,89 B |
| TRX | 0.2272 | 1.38% | 0.60% | 19,58 B |
| LINK | 19.84 | 1.67% | 0.39% | 12,68 B |
| AVAX | 26.72 | 0.47% | 0.34% | 11,01 B |
| SHIB | 0.00001604 | -1.70% | 0.29% | 9,46 B |
| DOT | 4.809 | 1.77% | 0.23% | 7,44 B |
*Prepared on 2.6.2025 at 07:00 (UTC)
WHAT’S LEFT BEHIND
MicroStrategy Changes Its Name to “Strategy”
MicroStrategy has changed its name to “Strategy” to emphasize its crypto-focused activities. The new logo features a stylized “B” representing the Bitcoin strategy and orange, the symbol of Bitcoin, was chosen as the main colour.
MicroStrategy (Strategy) Reported a Net Loss of 670.8 Million Dollars in the 4th Quarter
MicroStrategy reported a net loss of $670.8 million in its Q4 financial results. The company significantly increased its Bitcoin holdings during the same period, buying more than 210,000 BTC.
Eric Trump: Now is a Good Time to Buy BTC and ETH
Eric Trump, Trump’s second son, said on the X platform that it is a good time to buy Bitcoin (BTC) and Ethereum (ETH) and supported the Trump family’s crypto project WLFI.
FDIC Issues 175 Bank Regulatory Documents Related to Crypto
The US Federal Deposit Insurance Corporation (FDIC) has published 175 regulatory documents regarding banks involved in cryptocurrency activities. The documents reveal that banks engaged in crypto ventures face strict supervision.
Brazil Prepares Legal Ground for Crypto Investments
Brazilian lawmaker Adriana Ventura has introduced a bill that would allow investment funds to invest directly in crypto assets such as Bitcoin. This step aims to create an orderly and secure investment environment in Brazil’s crypto market
New Mexico Senator Introduces Strategic Bitcoin Reserve Act
Senator Anthony Thornto has introduced a bill to invest 5% of public funds in Bitcoin in New Mexico.
NYSE Files to Convert Grayscale Litecoin Trust into Spot LTC ETF
The New York Stock Exchange (NYSE) has filed a formal application with the SEC to convert the Grayscale Litecoin Trust into a spot Litecoin ETF. If approved, it could create new liquidity opportunities in the LTC market.
Pudgy Penguins Burn 12.16 Billion PENGU Tokens
Pudgy Penguins burned 12.16 billion PENGU tokens, accounting for 13.69% of the total supply. The move aims to support token value by reducing the circulating supply.
Berachain Announces Token Economics and Launches Airdrop
The Berachain Foundation announced the BERA token economy and launched the airdrop process. 15.8% of Genesis tokens were allocated to community airdrops.
JupiterDAO: Our Official X Account Has Been Hijacked, Do Not Click on Links
JupiterDAO announced that its official X account has been compromised and warned users against the risk of fraud.
HIGHLIGHTS OF THE DAY
Important Economic Calender Data
| Time | News | Expectation | Previous |
|---|---|---|---|
| – | Heroes of Mavia – 13.04M Tokens Unlock | – | – |
| – | Ondo Finance – “Ondo Summit” Conference in New York, USA | – | – |
| 13:30 | US Initial Jobless Claims | 214K | 207K |
| 19:30 | Fed Waller Speaks | – | – |
| 20:30 | FOMC Member Daly Speaks | – | – |
| 22:10 | FOMC Member Logan Speaks | – | – |
INFORMATION:
*The calendar is based on UTC (Coordinated Universal Time) time zone.
The economic calendar content on the relevant page is obtained from reliable news and data providers. The news in the economic calendar content, the date and time of the announcement of the news, possible changes in the previous, expectations and announced figures are made by the data provider institutions. Darkex cannot be held responsible for possible changes that may arise from similar situations.
MARKET COMPASS
“Investors are looking for returns despite the potential risks and negative news flow” is a good way to describe the current state of global markets. Trump’s statement that he is in no hurry to negotiate with China on tariffs and his remarks on Gaza, weaker-than-expected financial results of some major companies such as Alphabet and weaker-than-expected macro indicators can be listed among the “negatives” for the markets. On the other hand, investors prone to risk-taking may be encouraged by the fact that some bad economic data may strengthen the US Federal Reserve’s (FED) hand for further interest rate cuts. Some FED officials have already started to make relatively more cautious statements in the wake of the latest data and Trump’s policies.
Yesterday, Wall Street managed to close the day higher despite the developments and with the rise of DeepSeek, Asian stock markets are also following the US indices. Futures contracts indicate that European and US indices will start the new day higher. Some recovery was also seen in major digital stocks in line with this.
Ahead of the critical labor market figures to be released tomorrow, weekly jobless claims and statements by some FED officials will be monitored today. For the short term, we think that the horizontal course in important cryptocurrencies may continue.
From the short term to the big picture.
Trump’s victory on November 5, one of the main pillars of our bullish expectation for the long-term outlook in digital assets, produced a result in line with our predictions. In the process that followed, the appointments made by the president-elect and the increasing regulatory expectations for the crypto ecosystem in the US, as well as the emergence of BTC as a reserve, continued to take place in our equation as positive variables. Then, 4 days after the new President took over the White House, he signed the “Cryptocurrency Working Unit” decree, which was among his election promises, and we think that the positive reflection of the outputs it will produce in the coming days on digital assets may continue.
On the other hand, the expectations that the FED will continue its interest rate cut cycle, albeit on hiatus for now, and the fact that the volume in crypto-asset ETFs indicates an increase in institutional investor interest, support our upside forecast for the big picture. In the short term, given the nature of the market and pricing behavior, we think it would not be surprising to see occasional pause or pullbacks in digital assets. However, at this point, it is worth underlining again that we think the fundamental dynamics continue to be bullish.
TECHNICAL ANALYSIS
BTC/USD
Remarkable developments continue to take place in the cryptocurrency world. MicroStrategy changed its name to “Strategy” to emphasize its crypto-focused strategy and announced a net loss of $ 670.8 million in Q4. While Eric Trump pointed to a buying opportunity for Bitcoin and Ethereum, new bills supporting Bitcoin investments from Brazil and New Mexico came to the agenda. In the data set, eyes will be on US unemployment claims today.
When the technical outlook is examined, it is seen that BTC made an upward breakout yesterday within the flag pattern we highlighted in our previous analysis and retreated after testing the 99,000 levels. Aiming to accumulate long positions at 96,000 and 97,000 levels, the price entered an upward trend again after testing the 96,200 level. BTC is currently trading at 98,421 and the buy signals on the hourly charts are confirmed on the 4-hour charts. Although the momentum indicator tends to weaken in the positive zone, it has the potential to regain strength later in the day. If the upward movement continues, the 99,100 level stands out as a critical threshold for retesting six-digit price levels. Short positions at 100,000 and above show a remarkable intensity. In case of a possible pullback, the 95,000 level will be followed as an important major support point to maintain the positive outlook.
Supports 97,200 – 95,000 – 92,800
Resistances 99,100 – 98,000 – 101,400
ETH/USDT
Although ETH experienced a momentary retreat below the 2,781-support level yesterday evening due to the decline in Bitcoin, it made a rapid recovery thanks to strong purchases and closed above this level. With these reaction purchases, the price continues to rise and is currently priced above the 2,830 level.
When technical indicators are analyzed, Relative Strength Index (RSI) continues its upward movement and displays a positive outlook with the increase in momentum. RSI’s persistence at current levels may contribute to maintaining the upward trend. The Chaikin Money Flow (CMF) indicator is also trending upwards in line with the price action, indicating an increase in money entering the market and continued buying appetite. A look at the Ichimoku indicator shows that the price is moving above the future kumo cloud. Although this alone does not constitute a definite buy signal, it can be said that if the price stabilizes at these levels, the uptrend may strengthen. In particular, the stabilization of the price above the cloud can be considered as a positive sign for trend transformation.
Within the framework of current price movements, the 2,992 level stands out as the clearest resistance point for ETH. Although selling pressure is likely to increase as this level is approached, stronger and sharper rises are likely to be seen if this resistance is overcome. On the other hand, it should be noted that if 2,781 support is broken again, downward movements may accelerate, and lower levels may be tested.
Supports 2,781 – 2,501 – 2,368
Resistances 2,992 – 3,131 – 3,339
XRP/USDT
XRP fell to the Kijun level after losing 2.47 support yesterday evening. However, it is trying to recover with the reaction it received from here and is trying to rise above the 2.47 level again. Since the momentum in the market is currently flat, it is difficult to see strong and hard price movements.
Looking at the technical indicators, Chaikin Money Flow (CMF) has started to move upwards, suggesting that liquidity entering the market is increasing and buyers are gaining strength. However, the Relative Strength Index (RSI) is still flat, meaning that the price is struggling to set a clear direction. According to the Ichimoku indicator, the price is currently stuck between the Kijun and Tenkan levels. This shows that the market remains uncertain and there is no clear direction. The fact that the price is consolidating here does not give a clear idea of which way the trend will break.
In general, indicators do not produce a clear signal and price movements remain sideways. XRP holding above the 2.47 level may offer a positive outlook, but if a downward move comes, the 2.25 level is the most critical support. A fall below this level may cause the decline to accelerate.
Supports 2.2502 – 2.0201 – 1.6309
Resistances 2.4719 – 2.6489 – 2.7815
SOL/USDT
According to a report by crypto research firm Messari, application revenues on the Solana network increased by 213% in the fourth quarter of 2024. Messari said that cumulative application revenues increased from $268 million in Q3 2024 to $840 million in Q4
SOL has remained sideways since our analysis yesterday, continuing to fluctuate at a narrow level. On the 4-hour timeframe, the 50 EMA (Blue Line) continues to be below the 200 EMA (Black Line). This could deepen the decline in the medium term. At the same time, the asset continues to be priced below the 50 EMA and 200 EMA. When we examine the Chaikin Money Flow (CMF)20 indicator, it is in positive territory and at the same time, money inflows are in balance. However, the increase in (CMF) and the decrease in volume at the same time may increase the decline. However, the Relative Strength Index (RSI)14 indicator is at the mid-level of the negative zone and the price continues to be at the mid-level of the downtrend that started on RSI on January 19. At the same time, the mismatch is noticeable. This could push the price higher. The 237.53 level appears to be a very strong resistance point in the rises driven by both the upcoming macroeconomic data and the news in the Solana ecosystem. If it breaks here, the rise may continue. In case of retracements for the opposite reasons or due to profit sales, the 189.54 support level can be triggered again. If the price reaches these support levels, a potential bullish opportunity may arise if momentum increases.
Supports 200.00 – 189.54 – 181.75
Resistances 209.93 – 222.61 – 237.53
DOGE/USDT
Since our analysis yesterday, the price has been trending sideways, breaking the uptrend. This may cause the price to fall. On the 4-hour timeframe, the 50 EMA (Blue Line) continues to be below the 200 EMA (Black Line). This could mean that the decline could deepen further in the medium term. At the same time, the price is below the 50 EMA (Blue Line) and the 200 EMA (Black Line). However, the large gap between the moving averages and the asset may increase the probability of DOGE rising. When we analyze the Chaikin Money Flow (CMF)20 indicator, although it is in positive territory, money inflows are balanced. At the same time, Relative Strength Index (RSI)14 is at the middle level of the negative zone. The 0.33668 level appears as a very strong resistance point in the rises due to political reasons, macroeconomic data and innovations in the DOGE coin. In case of possible pullbacks due to political, macroeconomic reasons or negativities in the ecosystem, the 0.22632 level, which is the base level of the trend, is an important support. If the price reaches these support levels, a potential bullish opportunity may arise if momentum increases.
Supports 0.25025 – 0.22632 – 0.21154
Resistances 0.28164 – 0.30545 – 0.33668
LEGAL NOTICE
The investment information, comments and recommendations contained herein do not constitute investment advice. Investment advisory services are provided individually by authorized institutions taking into account the risk and return preferences of individuals. The comments and recommendations contained herein are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.
