Bitcoin Moves Positive at $30,000 – Young Thais Favour Digital Assets

Today (May 18), the bitcoin price rose 1.51% to $30,407.47.

The bitcoin price moved into positive territory this morning after the Dow Jones Industrial Average closed up 431 points on Tuesday (May 17), as investors watch the earnings of publicly traded companies. In addition, there were further statements from Federal Reserve Chairman Jerome Powell that the Fed will use its tools until inflation shows signs of lowering.

  • The Dow Jones Industrial Average rose 431.17 points, or 1.34%, to close at 32,654.59.
  • The S&P 500 rose 80.84 points, or 2.02%, to close at 4,088.85 points.
  • The Nasdaq rose 321.73 points, or 2.76%, to close at 11,984.52.

Movements in the Crypto Market

A survey by the SEC on Thais’ interest in digital assets found that 46% are speculative, followed by 33% who invest in long-term returns, while 11% use them as a source of savings, and another 10% believe it is easier to make money from digital assets than from a full-time job.

The Securities and Exchange Commission (SEC) has noted that the trend of investing in digital assets is becoming increasingly popular among young investors, both domestically and internationally. The number of trader accounts on Thailand’s digital asset exchanges increased more than tenfold in February 2022 compared to 2020.

Therefore, the SEC Research Division conducted a study with experts and collected data across various platforms to identify Thai people’s characteristics, attitudes, experiences, and investment behaviors related to digital assets.

The Spot Market is Open

Wednesday, May 18, 2022

Crypto
Updated at
USD
Price
Ounce
Change

%Change
10.10 BTC30,108.24-313.03-1.03
10.10 ETH2,067.99-17.47-0.84
10.10 LTC72.39+1.42+2.01
10.10 BNB303.66-4.16-1.35
10.10 XRP0.430.00+0.23
10.10 ADA0.57-0.02-3.10
10.10 DOT10.752.18-2.18
10.10 DOGE0.090.00+0.13
10.10 UNI5.43+0.13+2.50
10.10 LINK7.63-0.12-1.57

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