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The New York Stock Exchange (NYSE) closed in positive territory on October 18, 2023, with the Dow Jones Industrial Average rising 0.2% to 30,912.32, the S&P 500 rising 0.3% to 3,821.94, and the NASDAQ Composite rising 0.4% to 11,354.55.
In a surprise move, the US government is now among the largest holders of Bitcoin, with over $5 billion in BTC. This suggests that the US government is taking cryptocurrencies more seriously and may be considering more regulation in the future.
Meanwhile, the trial of Sam Bankman-Fried, the former CEO of FTX, is ongoing. Bankman-Fried is accused of fraud and money laundering in connection with the collapse of FTX. The outcome of this trial could have major implications for the crypto industry.
Bitcoin price hits new 2023 high, breaking resistance at $31,000. Other cryptocurrencies, such as Solana, Polygon, and Cardano, are also performing well.