U.S. stocks are wary of high prices; the market capitalization of the virtual currency Solana surpasses XRP and ranks 5th | 21st Financial Tankan

11 months ago 67

12/21 (Thursday) morning market trends (compared to the previous day)

traditional finance

  • NY Dow: 37,082 -1.2%
  • Nasdaq: 14,777 -1.5%
  • Nikkei average: 33,675 +1.3%
  • USD/JPY: 143.4 -0.04%
  • Gold futures: 2,044 -0.3%
  • NVIDIA: $481 -3%
  • Apple: $194.8 -1%

Today’s rise in the NY Dow paused and it fell for the first time in 10 days. The NASDAQ and S&P 500 have also fallen, and profit-taking has accelerated. There didn’t seem to be anything particularly noteworthy on this day, but there are growing concerns about high prices.

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Today’s main market materials are as follows:.

  • US Consumer Confidence Index in December rises for the first time since March 2021: Concerns about economic recession recede
  • Number of used homes sold in November increased by 0.8% from the previous month due to lower mortgage interest rates
  • U.S. bond yields fall across the board, with growing expectations for next year’s interest rate cut

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Important economic indicators/events from this week onwards

  • 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

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Virtual currency related stocks

  • Coinbase|$161.8 (+0.4%)
  • MicroStrategy | $573 (+0.3%)
  • Marathon | $22.1 (+0.5%)

Cryptocurrency-related stocks briefly rose significantly as Bitcoin returned to the $44,000 level, but the gains have largely disappeared as the NY Dow declined.

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Virtual currency market Solana exceeds XRP market capitalization

  • Bitcoin: $43,599 +3.2%
  • Ethereum: $2,191 +0.7%
  • Solana: $81.5 +12.3%

Yesterday, the virtual currency Solana surpassed XRP and advanced to fifth place in the market capitalization ranking. Currently, it has a difference of about $5 billion from BNB, which is in fourth place.

Source: CoinGecko

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