Bitcoin makes a jump back above $43,000. Today (Feb. 15), the price increased by 4.14% and was at $43,567.20.
Bitcoin’s uptrend comes after the Dow Jones Industrial Average closed 171 points lower on Monday (Feb. 14). Investors are concerned about the situation in Ukraine and the prospect of an interest rate hike by the Federal Reserve (Fed).
- The Dow Jones Industrial Average fell 171.89 points, or 0.49%, to close at 34,566.17.
- The S&P 500 was down 16.97 points, or 0.38%, to close at 4,401.67.
- The Nasdaq index fell 0.23 points, or 0.00%, to close at 13,790.92 points.
Recent movements in the crypto market in Thailand, share prices of bitcoin mining companies rise on falling stock market conditions.
Shares of bitcoin mining companies such as ZIGA, UPA, and ECF rose during the opening session yesterday (Feb. 14), despite the SET urging investors to be cautious and carefully review related information before trading.
The share price of companies investing in the bitcoin mining business, such as Zika Innovation Public Company Limited (ZIGA), rose 29.35% to 11.90 baht per share.
United Power of Asia Public Company Limited (UPA) rose 28.26% to 0.59 baht per share, East Coast Furnitech Public Company Limited (ECF) rose 29.47% to 2.46 baht per share.
The enthusiasm for bitcoin mining stocks has prompted exchanges to issue letters warning investors to be wary of speculation and to do their research before investing in bitcoin mining capital.
In addition, all member firms are required to monitor trading and operations that are closely related to prevent excessive speculation and transmission of trading orders that may be inappropriate or do not comply with the Securities and Exchange Act.
The Spot Market is Open
Tuesday, February 15, 2022