The Magazine for Asian Investors
Bitcoin continues to climb towards $45,000, with today (March 24) the Bitcoin price rising 1.70% to move at $42,861.37.
While Bitcoin is positive, US stock markets are falling yesterday, with the Dow Jones Industrial closing down 448 points yesterday (March 23). On the other hand, oil prices are rising again, and with them inflationary pressures. This could be a factor that further accelerates the rate hike of the U.S. Federal Reserve (Fed), as Powell had already addressed at the beginning of the week.
- The Dow Jones Industrial Average fell 448.96 points, or 1.29%, to close at 34,358.50.
- The S&P 500 was down 55.37 points, or 1.23%, to close at 4,456.24.
- The NASDAQ fell 186.21 points, or 1.32%, to close at 13,922.60 points.
Movements in the Crypto Market
State of Florida Gives ‘Green Light’ to Payment of Corporate Taxes with Cryptocurrencies
On Tuesday, Florida Governor Ron DeSantis announced a new plan to allow businesses to pay their Florida taxes with crypto coins.
Governor DeSantis has made his stance on supporting the crypto market clear, keeping the state on the cutting edge of technology to become the emerging center for crypto investment in the future. He has invited companies like Blockchain.com to set up operations in Miami. Back in December, DeSantis offered to have companies pay state transaction fees in crypto as well.
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Thursday, March 24, 2022