The Magazine for Asian Investors
The Bitcoin price rose this morning in Asia (May 20), by 5.00% and is moving at $ 30,270.30.
Bitcoin’s positive move this morning came after the Dow Jones Index closed down 236.94 points on Thursday (May 19), extending its slump from Wednesday. Concerns are growing that an accelerated rate hike by the U.S. Federal Reserve (Fed) will plunge the U.S. economy into recession.
- The Dow Jones Industrial Average fell 236.94 points, or 0.75%, to close at 31,253.13.
- The S&P 500 index fell 0.58% to close at 3,900.79 points.
- The Nasdaq index fell 0.26% to 11,388.50.
Movements in the Crypto Market
Recently, Bitkub Capital Group Holdings, the largest group of companies involved in blockchain technology and digital assets in Thailand, together with Tao Kae Noi, the giant of Thailand’s seaweed snack industry, launched the NFT campaign: THE PHENOMENON, where more than 600,000 NFTs were given away via Taokaenoi snack packs.
The campaign aims to give customers the opportunity to experience the digital lifestyle by collecting non-fungible tokens (NFT). One can win the chance to showcase a business idea and possibly partner with Bitkub and Tao Kae Noi.
The purpose of this collaboration stems from the need to promote Thai startups and inspire new generations of entrepreneurs. By introducing blockchain technology and Non-Fungible Token (NFT) into the bag, buyers can scan and collect a special collection of Non-Fungible Tokens (NFTs) through the digital wallet (Bitkub NEXT).
The Spot Market is Open
Friday, May 20, 2022