Cryptocurrency-related stocks such as Marathon continue to rise as Bitcoin continues to grow | 6th Financial Tankan

12/6 (Wednesday) morning market trends (compared to the previous day)

Traditional finance Tech stock rebound

• NY Dow: 36,124 -0.2%
• Nasdaq: 14,229 +0.3%
• Nikkei average: 32,775 -1.37%
• USD/JPY: 147.1 -0.03%
• Gold futures: 2,037 -0.2%
• NVIDIA: $465 +2.3%
• Tesla: $238 +1.3%

Today’s NY Dow continued to fall slightly, but the Nasdaq turned positive due to buying into large IT stocks such as Nvidia.

Last night, US job openings data for October was released, showing once again that the labor market is cooling. The number of cases decreased from 9.35 million in September to 8.733 million, significantly lower than the expected 9.3 million. This data is seen as justifying another rate cut by the FOMC next Thursday.

connection:What is the US financial policy meeting “FOMC” that attracts attention from investors around the world? | Easy-to-understand explanation

connection: Virtual currency Bitcoin mining stocks continue to rise significantly, NY Dow declines

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:.

• US job openings in October at lowest level since March 2021
• U.S. non-manufacturing industry (retail industry and service industry) general business conditions index in November rose from 51.8 in October to 52.7, pace of expansion accelerating
• U.S. Treasury market prices rise, hoping for interest rate cuts to avoid recession in 2024
• Dollar/JPY = 147.1 yen Temporarily fell to 146.5 yen after US job data
• Bitcoin continues to rise to $44,000

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: 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｜$140.2 (-0.6%)
• MicroStrategy | $577 (+2.5%)
• Marathon | $15.2 (+2.8)
• Riot Platforms | $15.1 (+0.9%)

Major cryptocurrency-related stocks continued to rise on the 6th as Bitcoin continued to rise to $44,000.

Bitcoin mining giant Marathon mined 1,187 BTC in November and sold 700 BTC for expenses. The company currently holds 14,025 BTC ($617 million).

Riot also purchased an additional 66,560 ASICS machines from MicroBT, the maker of Bitcoin mining machines. It is expected to arrive in the second half of 2024 and be fully operational by the second half of 2025, with a total hashing power of 38 EH/s. The company’s stock price has increased +349.26% since the beginning of the year.

connection: “Investigating the allocation of funds by institutional investors in Bitcoin, Ethereum, and Altcoins” Bybit report

Virtual currency market BTC once again hits new year-to-date highs

• Bitcoin: $44,327 +5.5%
• Ethereum: $2,279 +2.2%

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

The post Cryptocurrency-related stocks such as Marathon continue to rise as Bitcoin continues to grow | 6th Financial Tankan appeared first on Our Bitcoin News.