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MARKET RECAP – MARCH 29, 2023

Written By: Timmy

March 29, 2023

STOCK MARKET

Dow Jones ended at $32,717.60 (+1.00%)

S&P ended at $4,027.81 (+1.42%)

Nasdaq Composite ended at $11,926.24 (+1.79%)

Stocks experienced a significant increase, mainly due to notable gains in the tech industry, which helped the Nasdaq recover from its previous losses. Additionally, investors felt less anxious about the banking sector, which contributed to the overall market’s performance today.

CRYPTO MARKET

Bitcoin’s price shot up by 3.64% with a value of $28,422.50 as of 3:00 PM CDT, as stated by Coin Metrics.

Bitcoin’s value increased today as investors decided to overlook the US government’s recent actions against Binance. Despite the increased government scrutiny, as well as investor uncertainties about inflation, monetary policy, and other macroeconomic concerns, Bitcoin saw its price increase.

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