The Magazine for Asian Investors
Bitcoin is nearing the $40,000 mark, as today (March 16) the Bitcoin price rose 0.79% to $39,222.3.
Bitcoin has moved positively this morning after the Dow closed up 599 points yesterday (March 15). Markets rose yesterday on speculation ahead of the U.S. Federal Reserve’s interest rate decision to be announced today. The speculation goes from no rate hike, over 25 basis points to 50 basis points.
- The Dow Jones Industrial Average rose 599.10 points, or 1.82%, to close at 33,544.34.
- The S&P 500 rose 89.34 points, or 2.14%, to close at 4,262.45.
- The NASDAQ rose 367.40 points, or 2.92%, at 12,948.62 points.
Movements in the Crypto Space
Al Arabiya TV reported that the Ukrainian government has set up a “Help Ukraine” website to accept crypto donations to the Ukrainian Central Bank. The goal is to use it as a source of funding for the fight against Russia. The website was set up in cooperation with two major crypto companies, FTX and Everstake.
The Aid For Ukraine website is currently accepting donations in 10 cryptocurrencies, including Bitcoin, Ether, and Dogecoin.
“Cryptocurrency has played a huge role in the defense of Ukraine. Crypto assets have proven to be able to facilitate funding for the citizens and soldiers of Ukraine. Cryptocurrencies have also gained the attention of the public around the world,”said Oleksandra Borniakov, Deputy Minister of Digital Affairs of Ukraine.
Kuna, a Ukrainian crypto trading platform, will also participate in the initiative.
The report said that yesterday (March 15) crypto donations on the Aid For Ukraine website reached nearly $49 million, with a goal of $200 million.
The Spot Market is Open
Wednesday, March 16, 2022