The Magazine for Asian Investors
Bitcoin Exceeds $41,000 after Overnight Recovery
The Bitcoin price continues to hover around the $40,000 mark. Today (April 21) the Bitcoin price increased by 0.62% to $41,422.26.
Bitcoin’s positive performance came after U.S. stock markets closed mixed on Wednesday (April 20). The DOW rose 249 points, in contrast to the S&P 500 Index and NASDAQ Index. This was driven by the strong performance of listed companies, including Procter & Gamble (P&G) and IBM Corp, after these companies released better-than-expected results.
- The Dow Jones Industrial Average rose 249.59 points, or 0.71%, to close at 35,160.79.
- The S&P 500 fell 2.76 points, or 0.06%, to close at 4,459.45.
- The NASDAQ fell 166.59 points, or 1.22%, to close at 13,453.07.
On the bitcoin side, there was a strong recovery late in the night after the price fell below $39,000 yesterday.
Although no one knows the exact cause of this price volatility, however, the price reversal can be seen as a good thing. Experts believe that the Bitcoin price went down to test support before there was a strong bounce, suggesting that this was only due to short positions.
The Spot Market is Open
Thursday, April 21, 2022
Crypto Updated at | USD Price | Change | %Change |
18.30 BTC | 42,438.64 | +1,208.96 | +2.93 |
18.30 ETH | 3,140.09 | +74.40 | +2.43 |
18.20 LTC | 112.49 | +0.44 | +0.39 |
18.20 BNB | 424.71 | +6.61 | +1.58 |
18.20 XRP | 0.76 | +0.01 | +1.23 |
18.20 ADA | 0.96 | +0.02 | +2.20 |
18.20 DOT | 19.40 | +0.58 | +3.08 |
18.20 DOGE | 0.14 | 0.00 | +0.78 |
18.20 UNI | 9.50 | +0.34 | +8.73 |
18.20 LINK | 14.24 | +0.27 | +1.93 |