Market price trends in the morning of 12/20 (Wednesday) (compared to the previous day)

traditional finance

• NY Dow: 37,557 +0.7%
• Nasdaq: 15,003 +0.6%
• Nikkei average: 33,219 +1.4%
• USD/JPY: 143.8 +0.7%
• Gold futures: 2,053 +0.6%
• NVIDIA: $496 -0.9%
• Apple: $196.9 +0.5%

Today’s NY Dow continued to rise and hit new highs. The Nasdaq also hit a new high this year. Since the end of last week, several Fed presidents have made restraining statements, but the market still seems to have high expectations for next year’s rate cut.

connection: Significant rise in US Steel, virtual currency related stocks, etc. Bank of Japan monetary policy decision today

Yesterday, Chicago Fed President Goolsby said in an interview with CNBC that the U.S. Federal Reserve should not act based on how the stock market will react, following last week’s hawkish New York Fed President Williams, trying to keep expectations for interest rate cuts in check. did. Additionally, Cleveland Fed President Mester and San Francisco Fed President Daley each said in interviews on the same day that expectations of a rate cut in the first half of next year are premature.

Atlanta Fed President Bostic also predicted on the 20th that the Fed may cut interest rates twice in the second half of 2024.

connection: FOMC suggests dovish shift; US stocks and Bitcoin rise across the board due to predictions of multiple interest rate cuts next year

Today’s main market materials are as follows:.

• S&P500 and NASDAQ near record highs
• U.S. housing starts in November hit the highest level in six months due to lower interest rates, etc.
• Dollar-yen rises to 144 yen level at one point, Bank of Japan maintains negative interest rates, domestic stocks continue to rise

connection: “Bitcoin will reach $80,000 in 2024” Bitwise makes a bullish prediction for the virtual currency market

connection: VanEck predicts the amount of capital inflow upon approval of Bitcoin spot ETF, taking into account gold ETF cases and economic environment

Important economic indicators/events from this week onwards

• 12/20 (Tue) Announcement of People’s Bank of China’s loan prime rate (lending interest rate index)
• 12/21 (Thursday) 22:30 U.S. quarterly real gross domestic product (GDP, final value)
• 12/22 (Fri) 22:30 US November personal consumption expenditure (PCE deflator)
• US stock market closed for Christmas on Monday, December 25th

connection:Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks

Virtual currency related stocks continue to grow

• Coinbase | $161 (+5%)
• Microstrategy | 571.3 (+0.2%)
• Marathon | $21.9 (+10.5%)

Marathon Digital Holdings, the largest Bitcoin mining company in North America, announced on the 19th that it will purchase two Bitcoin mining facilities in Granbury, Texas and Kearney, Nevada from an affiliate of Generate Capital for $178 million in cash. The acquisition and move marks the first fully owned site for Marathon, which currently hosts most of its mining capacity with third parties. Only 3% of the company’s 584 megawatts of capacity are at sites it owns and operates, and once the deal closes, that will increase to 45%.

connection:Bitcoin rebounds to the $43,000 level, with the development of Bitcoin spot ETFs, there is a strong desire to buy the push

Virtual currency market

• Bitcoin: $42,269 -0.7%
• Ethereum: $2,173 -1.9%

connection: US Coinbase digs into next year’s outlook for the virtual currency market

CoinPost Special feature for virtual currency beginners

CoinPost official app (1.7.15) has been released on iOS and Android
・iOS17 compatible
・Improved display of in-app WebView
・Improved behavior when tapping notifications
Such… pic.twitter.com/Y8dikLRBe7

— CoinPost (virtual currency media) (@coin_post) November 15, 2023

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