Home money Stock prices are changing in different directions, with Bitcoin approaching $ 50,000

Stock prices are changing in different directions, with Bitcoin approaching $ 50,000

by drbyos

The value of Bitcoin reached a record high of $ 48,215.83 for a short time, but then dropped to $ 47,335. The value of the cryptocurrency has risen sharply since US electric car maker Tesla Motors bought the cryptocurrency for about $ 1.5 billion and plans to adopt it soon as a means of payment for car purchases.

Investors remained optimistic about the US government’s additional spending, and US President Joe Biden met with executives at JPMorgan Chase, Walmart and other companies to support his proposed $ 1.9 trillion economic support package.

Market optimism was also boosted by progress on Covid-19 vaccines.

“Indeed, there are good times in the capital markets, which act as if they have more money than we know what to do with it, so they continue (..) to invest money in risk assets,” said Patrick O’Heer, an analyst at Briefing.com .

Oil prices rose in anticipation of an increase in demand when economies reopen after a pandemic.

The Dow Jones Industrial Average fell less than 0.1% to 31,375.83 points on Tuesday, the Standard & Poor’s 500 index fell 0.1% to 3,911.23 points, and the Nasdaq Composite index increased by 0.1% to 14,007.70 points.

The London Stock Exchange index FTSE 100 rose 0.1% to 6531.56 points on Tuesday, the Frankfurt stock exchange index DAX 30 fell 0.3% to 14,011.80 points, while the Paris stock exchange index CAC 40 rose 0.1% to 5691 .54 points.

In the e-commerce of the New York Stock Exchange, the price of WTI crude oil rose by 0.7% on Tuesday to USD 58.36 per barrel. The price of Brent crude rose 0.9% to $ 61.09 a barrel on the London Stock Exchange.

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The euro rose from 1.2050 to 1.2116 dollars per euro on Tuesday, the British pound against the US dollar rose from 1.3741 to 1.3813 dollars per pound, and the US dollar against the Japanese yen fell from 105.23 to 104.58 yen per dollar. The value of the euro against the British pound rose from 87.69 to 87.71 pence per euro.

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