12/5 (Tuesday) morning market trends (compared to the previous day)

traditional finance

• NY Dow: 36,204 -0.1%
• Nasdaq: 14,185 -0.8%
• Nikkei average: 33,231 -0.6%
• USD/JPY: 147.1 +0.01%
• Gold futures: 2,048 -2%
• NVIDIA: $455 -2.6%
• Tesla: $235 -1.3%

Today’s NY Dow fell slightly to -41 points, and US Treasury yields rebounded. Also, large IT stocks such as Nvidia were sold. Last Saturday, US Chairman Jerome Powell made a statement discouraging his predictions of early interest rate cuts next year, which are considered to have gone too far, but the market appears to have remained unchanged.

connection: Coinbase Mining stock rises significantly, Bitcoin hits new year-to-date high

On the other hand, the market appears to be taking a wait-and-see attitude as multiple inflation indicators, including the November unemployment rate and the ISM Non-Manufacturing Economic Index, will be announced this week.

The next CPI (Consumer Price Index) data and FOMC interest rate announcements are also scheduled for next week.

Today’s main market materials are as follows:.

• Many analysts believe that the current stock price hike and expectations for interest rate cuts are too much.
• Bitcoin returns to $42,000, same level as last April
• US bond yield rebound US 10-year bond yield +1.46% (compared to previous day)
• Gold futures/spot gold pullback

Important employment data will be released this week.

Important economic indicators/events from this week onwards

• 12/6 (Wednesday) 22:15 US November ADP employment statistics
• 12/8 (Friday) 22:15 U.S. November unemployment rate
• 12/12 (Tue) 22:30 U.S. November Consumer Price Index (CPI)
• 12/14 (Thu) 4:00 US FOMC policy rate announcement

connection:Bitcoin reaches the $40,000 level for the first time in a year and a half, and “virtual currency-related stocks” rise across the board in the stock market

connection: Stock investment recommended for virtual currency investors, “10 representative virtual currency stocks in Japan and the United States”

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 significantly higher

• Coinbase｜$141 (+5.4%)
• MicroStrategy | $563.2 (+6.7%)
• Marathon | $14.8 (+8.4%)
• Stronghold Digital Mining | $5.9 (+15.7%)

Major crypto stocks continued to rise on the 5th as Bitcoin returned to $42,000.

MicroStrategy’s Bitcoin (BTC) portfolio has ballooned to $2 billion in unrealized gains due to rising prices.

connection: MicroStrategy purchases approximately $600 million worth of virtual currency Bitcoin

Furthermore, with regard to the virtual currency exchange Coinbase, market dominance has been ensured due to Binance’s complete withdrawal from the US, and expectations from investors are rising.

connection:Weekly Cryptocurrency News (+Asia Special Feature) | Strong interest in MicroStrategy’s additional BTC purchases and Rich Dad author’s views

Virtual currency market BTC hits new high again

• Bitcoin: $42,137 +5.1%
• Ethereum: $2,244 +1.4%

connection: Prediction of Bitcoin reaching $125,000 in 2024, Matrixport analysis based on halving

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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