The Magazine for Asian Investors
Bitcoin remains in the $22,000 range
The bitcoin price rose 0.11% today (August 4) to $22,907.48.
Bitcoin’s morning rally came after the Dow ended Wednesday’s session up 416 points, as investors shed concerns following a visit to Taiwan by House Speaker Nancy Pelosi. There was no military confrontation between China and the US.
The publication of strong U.S. economic data also had a positive impact on trading.
- The Dow Jones Industrial Average rose 416.33 points, or 1.29%, to close at 32,812.50 points.
- The S&P 500 rose 63.98 points, or 1.56%, to close at 4,155.17.
- The Nasdaq rose 319.40 points, or 2.59%, to close at 12,668.16.
Markets were also buoyed by comments from James Bullard, president of the Federal Reserve (Fed) St. Louis Branch, who expressed confidence that the U.S. economy can avoid a recession even if the Fed continues to raise interest rates.
The Institute for Supply Management (ISM) reported that its services index rose to 56.7 in July after a three-month decline.
The index for the U.S. services sector was driven by an increase in new orders and jobs.
The Spot Market is Open
Thursday, August 4, 2022
| Crypto Updated at | USD Price | Change | %Change |
| 09.15 BTC | 23,121.20 | -276.33 | -1.15 |
| 09.15 ETH | 1,651.05 | -13.92 | -0.84 |
| 09.15 LTC | 58.84 | -0.25 | -0.42 |
| 09.15 BNB | 299.36 | +7.49 | +2.57 |
| 09.15 XRP | 0.37 | -0.00 | -0.46 |
| 09.15 ADA | 0.51 | -0.00 | -0.86 |
| 09.15 DOT | 8.15 | +0.02 | +0.30 |
| 09.15 DOGE | 0.07 | -0.00 | -1.43 |
| 09.15 UNI | 8.90 | -0.23 | -2.57 |
| 09.15 LINK | 7.42 | -0.12 | -1.66 |
