NY Dow and Nasdaq continue to rise Bitcoin mining stocks rise | 24th Financial Tankan

1/24 (Tue) morning market trends (compared to the previous day)

traditional finance

• • NY Dow: $33,546 +0.5%
  • Nasdaq: $11,323 +1.6%
  • Nikkei Average: ?26,906 +1.3%
  • USD/JPY: 130.6 +0.95%
  • USD Index: 102 +0.05%
  • 10-year US Treasury yield: 3.52 +1.17%
  • Gold Futures: $1,932 +0.2%

crypto assets

• Bitcoin: $22,988 +1.8%
• Ethereum: $1,634. +0.5%

Today’s New York Dow continued to rise from last weekend, rising about $171. Yesterday's nasdaq and nikkei also increased substantially. Expectations for a recovery in the Chinese economy due to the U.S. Fed’s easing of interest rate hikes and the abolishment of the zero-corona policy appear to have supported the stock market.

Starting this week, she and tech companies like Microsoft (24th), Tesla (25th), Apple (February 2) and Amazon (February 2) will be announcing their financial results. The high technology industry tends to cut costs because of the effects of rising interest rates and inflation. Last week, the parent company of Google, alphabet, followed Amazon and meta by announcing major job losses.

Microsoft also announced last week plans to fire 10,000 people all over the world. On the other hand, the company will increase its investment in AI, which is a strategic area of ??Focus, and will invest 10 billion dollars over the next few years in openai, which developed the conversational model ai "chatgpt" on the 23rd before the financial results are announced. Made the plan official. We need to invest in openai in 2019 and 2021. An upgraded version of ChatGPT, GPT-4, is scheduled to be released this spring.

: Soaring prices of AI-related tokens such as “AGIX”

For individual US stocks, Big Bear ai (AI related) -1%, Amazon -0.25%, Microsoft +0.8%, Alphabet C +1.2%, Apple +1.9%, Tesla +6.6%, Meta +2.4%, Coin Base +1.4%, Micro Strategy +4.2%.

: Recommended for cryptocurrency investors, advantageous shareholder benefits “10 selections”

Important economic indicators/events from this week onwards

• January 22-27: 7-day Lunar New Year holiday in China and Greater China
• January 26: U.S. Real GDP (Quarter Annual Rate) (Preliminary Report)
• January 28: University of Michigan Consumer Confidence Index (confirmed)
• Feb 2: FOMC Key Rate.
• February 3: U.S. Unemployment Rate, Nonfarm Payrolls

: The current Bitcoin is on the rise in Asia time, the US stock correlation index is at the lowest level in a year

USD/JPY: 130.6 +0.95%

The exchange rate is $1 = 130.6 yen, 0.95%. As announced last night, The Bank of Japan has implemented a JPY 1 trillion 5-year pledged facility, and the return on newly issued 10-year government bonds fell to 0.375 per cent from the maximum allowable limit of 0.50 per cent, bringing about the sale of the yen. The rise in US Treasury bond rates also seems to have led to dollar redemptions.

: The background of the “strong dollar” that affects the virtual currency market also explains the correlation and factors of the weak yen

Cryptocurrency/Blockchain-related Stocks (Year-on-Year Change/Year-to-Week Change)

• Coinbase Global | $55.9 (+1.4%/+1.4%)
• Algo Blockchain|$1.9 (+12%/+12.1%)
• Marathon Digital Holdings | $9 (+11%/+11.5%)
• Micro Strategy | $250 ((+4.2%/+4.2%)
• Monex Group | ?487 (+2.5%/+2.5%)

Bitcoin mining company Argo Blockchain has surged after meeting the requirements and relisting on the Nasdaq of the United States. She avoided bankruptcy by selling her Texas heli extraction facility to Galaxy Digital last December.

: The financial difficulties of cryptocurrency mining companies continue UK-listed Argo mentions the possibility of business termination

: Recommended for cryptocurrency investors, advantageous shareholder benefits “10 selections”

GM Radio 2023 first episode this week

As a special guest this time, we invited Anthony Rose, head of engineering at Matter Labs. Development of ethereum (eth) l2 solution "zksync". Matter Labs is developing a technology to improve the scalability of Ethereum by utilizing cryptographic technology called zero-knowledge proof, and it is currently attracting a lot of attention.

: The first GM radio of this year will take place, the guests will be Ethereum L2 "zkSync" executives of the development enterprise.

It will be broadcast on @CoinPost_Global's Twitter space from 12:30 p.m. to 1 p.m. on Thursday, January 26, Japan time.

This year, the premiere of "GM radio" will take place!

Guests are executives of Ethereum L2 “zkSync” development company https://t.co/Wqyrx8PcGy

— CoinPost-virtual currency information site-[app delivery](@coin_post) January 19, 2023

Click here to view the footage from the previous episode, including Yat Siu, president of Animoka Brands.

Reminder: Our 2nd #GMRadio starts in 30 min (24:00 UTC / 19:00 EST / 9:00 JST)

Tune in to hear about “Leading The Open Metaverse With Innovative Blockchain Games” with Executive Chairman of @animocabrands@Ben_Charbit@Darewise!https://t.co/nr8dNhMpBM

— CoinPost Global (@CoinPost_Global) December 22, 2022

NY Dow and Nasdaq continue to rise Bitcoin mining stocks rise | 24th Financial Tankan appeared first on Our Bitcoin News.