The Magazine for Asian Investors
Bitcoin remains above the $40,000 key mark. At 8:55 a.m. today (Jan. 15), the Bitcoin price rose 1.27% to $42,993.90. The market remains favorable for traders as volatility remains high after the recent downturn. Players in the market should especially follow the BTC movement because at the moment a large part of the market follows this valuation.
Bitcoin price positive movement this morning happened after the Dow, slipped 201 points on Friday (January 14). U.S. economic data for December continued to come in weak on Friday. Retail sales fall 1.9% MoM and consumer confidence fell to a decade low of 68.8.
Meanwhile, the University of San Diego has announced that it is accepting Bitcoin as donations. The announcement came after an alumnus made a donation in BTC worth $25,000.
Rajah Gainey, an associate director in the Division of University Relations and Development, said, “The donor envisions a future where both donors and students understand the value and utility of bitcoin and other cryptocurrencies in supporting SDSU, including receiving and spending on campus,” adding, “We believe over the long run that this could be a really good benefit to SDSU.”
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Saturday, January 15, 2022