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 BTC23,121.20-276.33-1.15
09.15 ETH1,651.05-13.92-0.84
09.15 LTC58.84-0.25-0.42
09.15 BNB299.36+7.49+2.57
09.15 XRP0.37-0.00-0.46
09.15 ADA0.51-0.00-0.86
09.15 DOT8.15+0.02+0.30
09.15 DOGE0.07-0.00-1.43
09.15 UNI8.90-0.23-2.57
09.15 LINK7.42-0.12-1.66

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