Virtual currency Bitcoin briefly reaches the $38,000 level, Coinbase stock price returns to May 2022 level | 25th Financial Tankan

11/25 (Saturday) morning market trends (compared to the previous day)

Traditional finance US stocks mixed

• NY Dow: 35,390 +0.3%
• Nasdaq: 14,250 -0.1%
• Shanghai Composite Index: 3,040 -0.6%
• Nikkei average: 33,625 +0.5%
• USD/JPY: 149.3 -0.09%
• NVIDIA: 477.7 -1.9%
• Microsoft: 377.4 -0.1%

World stock prices in November

Global stock markets performed well in November. Markets in China, Latin America and other countries rose in November, with one of the most popular benchmarks for international stock performance, the MSCI All-Country World Index, at its highest level in more than three years. It is pushing itself one step closer to becoming the moon.

Source: Google

connection: Weak October CPI raises expectations for interest rate cuts next summer; cryptocurrency-related stocks continue to fall | 15th Financial Tankan

The MSCI All-Country World Index, which includes stocks of about 3,000 companies traded in 23 developed markets and 24 emerging markets, is up 7.6% so far in November, according to MarketWatch. This is the highest rate of increase since April 2020, when the index rose 10.2% as global markets recovered from the shock of the coronavirus pandemic.

Regarding the Japanese stock market, Japan’s main benchmark, the Nikkei 225, rose 8.9% in November, making it the fastest month in three years, according to FactSet data. It’s momentum. Warren Buffett and BlackRock CEO Fink are also increasing their focus on the domestic market.

Regarding US stocks today, the NY Dow continued to rise slightly, and the Nasdaq fell slightly due to the continued decline in Nvidia. Following the stock market closure for Thanksgiving the previous day (Thursday), it refers to Black Friday, the next day when Americans participate in discount sale shopping, a slow market with few participants. The stock market remained in a wait-and-see mood.

Nvidia down 2%

Semiconductor giant Nvidia has postponed the release of its new artificial intelligence (AI) semiconductor for the Chinese market, called H20, which was announced this month and is being developed to comply with new U.S. export regulations, until the first quarter of next year. Then, I was disgusted that I had notified them.

In addition, the recently announced sales forecast for the fourth quarter that fell short of higher market expectations also appears to have contributed to the selling pressure.

connection: NVIDIA sales tripled but plummeted 7% after hours

This week’s main market factors are as follows:.

• U.S. FOMC meeting summary not considered material
• Sam Altman returns as CEO of OpenAI
• Crude oil prices have fallen 18% from their peak in September This week, we will look at the postponement of OPEC and OPEC+ meetings and the four-day cease-fire agreement between Hamas and Israel
• U.S. Purchasing Managers Index (PMI) employment index enters contraction zone for the first time since mid-2020
• Japan October Comprehensive CPI (YoY) = +3.3% (Previous +3.0%) US October CPI = +3.2% higher
• Dollar-yen temporarily fell to 147.14 yen this week

Important economic indicators/events from this week onwards

• 11/29 (Wednesday) 22:30 Revised quarterly real GDP for the July-September period in the US
• 11/30 (Thu) 22:30 US October personal consumption expenditure (PCE deflator)
• 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”

Virtual currency related stocks Coinbase highest price since 22 years

• Coinbase｜$115.5 (+5.7%)
• MicroStrategy | $520 (+2.4%)
• Marathon | $11.4 (+4.5%)

Coinbase’s stock price has hit a year-to-date high and returned to May 2022 levels.

Source: Tradingview

Coinbase’s stock price rally also comes after the US Department of Justice handed Binance a historic $4.368 billion fine this week, with CZ admitting to violating US regulations. The global version of Binance’s complete withdrawal from the US and CZ’s resignation as CEO seem to be a tailwind for Coinbase to expand its market share in the US.

connection: SEC Crypto Mom and Coinbase CEO comment on Binance’s settlement with the US Department of Justice and CZ’s resignation

Virtual currency market

• Bitcoin: $37,759 +1.4%
• Ethereum: $2,077 +0.6%

Bitcoin briefly reached $38,400 last night. The background to this was believed to be that Grayscale and BlackRock had separate meetings with the SEC regarding listing applications for Bitcoin ETFs. Also, the drop this Tuesday on the news of the Binance and Justice Department settlement was offset by the subsequent rebound.

connection: BlackRock also meets with SEC to apply for listing of Bitcoin ETF

Source: Binance

connection: Binance CZ pleads guilty to violating anti-money laundering measures in plea deal with the US Department of Justice

connection: “Possibility of year-end rise in virtual currency market” Matrixport report

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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