The Magazine for Asian Investors
This morning in Asia March 22, the Bitcoin price rose by 5% and moved to $ 43,021.26.
The positive movement came in contrast to the U.S. stock markets. The Dow Jones closed down 201 points on Monday (March 21).
- The Dow Jones Industrial fell 201.94 points or 0.58% to close at 34,552.99 points.
- The S&P 500 was down 1.94 points, or 0.04%, to close at 4,461.18.
- The NASDAQ fell 55.38 points, or 0.40%, to close at 13,838.46.
Movements in the Crypto Space
Honduras to Officially Accept Bitcoin as Legal Tender
According to rumors from several internet sources, Honduras could be the next country after El Salvador to officially accept Bitcoin (BTC) as legal tender.
The country’s president, Xiomara Castro, stated that “El Salvador should not be the only country to escape the power of the dollar, stressing that it is the right of Honduras to go to the First World.”
The Honduran president made the announcement on Monday morning, March 21, while the Central American country is closely monitoring the development. Previously, in August 2021, Honduras launched its first Bitcoin and Ethereum ATM in the capital Tegucigalpa, allowing users to buy digital assets with the local currency Lempira.
The Spot Market is Open
Tuesday, March 22, 2022