U.S. stocks fell, the New Taiwan Dollar surged to the top among Asian currencies, MicroStrategy bought Bitcoin again.

The US stock market closed lower yesterday, with the S&P 500 index falling 0.64%, ending a consecutive rise over 9 trading days. The New Taiwan Dollar to US Dollar exchange rate recorded the largest increase since the Central Bank's statistics began, leading all Asian currencies, with users frantically entering the market to exchange, causing a complete crash of online banking across Taiwan. Meanwhile, the pioneer of Bitcoin reserve strategy, MicroStrategy, reissued new shares to purchase 1,895 coins, holding a total of 555,450 BTC.

(The foreign media is in an uproar! The New Taiwan Dollar soars nearly 7%, the Central Bank remains motionless, what is Bloomberg analyzing behind the scenes? )

The New Taiwan Dollar has risen nearly 10% in a month, leading all Asian currencies.

The exchange rate of New Taiwan Dollar against the US Dollar continued to soar on Monday, following last Friday's record increase since the Central Bank's statistics, reaching a high of 29.59 NT dollars during the session. Although the gains narrowed in the afternoon, it closed at 30.145 NT dollars. In just two trading days, the New Taiwan Dollar has surged by 1.872 NT dollars, an increase of 6.21%.

Among the 16 major currencies tracked by Bloomberg, the New Taiwan Dollar once recorded its largest pump in over 30 years during the trading session. The Japanese Yen rose about 0.9%, and the Euro to USD exchange rate broke the 1.13 mark, while the Chinese market was closed for holidays.

The Governor of the Central Bank of Taiwan, Yang Jinlong, held a press conference yesterday, stating that the unusual situation in the exchange market "ends here," and also pointed out that there are vultures waiting for an opportunity to speculate on the currency.

Yang Jinlong stated that the exchange rate of the New Taiwan Dollar is determined by market supply and demand. Under normal circumstances, supply and demand would be in a normal state, but this time it is clearly an effect caused by strong market expectations. "I personally believe that this is excessive volatility and is not good."

He emphasized that there was no pressure from the United States regarding the exchange rate, and the Central Bank did not participate in the Taiwan-U.S. negotiation work, nor was the exchange rate issue discussed.

MicroStrategy Strategy buys another 1,895 Bitcoins

The pioneer of Bitcoin reserve strategy, MicroStrategy, has announced that from April 28 to May 4, it spent approximately 180.3 million USD to purchase 1,895 Bitcoins, with an average purchase price of about 95,167 USD.

As of May 4th, Strategy and its subsidiaries hold a total of 555,450 Bitcoins, with an average purchase price of about 68,550 USD.

This time, a total of 180.3 million USD was raised by issuing common stock MSTR and preferred stock STRK, all of which will be used to purchase Bitcoin.

This article discusses the fall of the US stock market, the Taiwan dollar soaring to the top among Asian currencies, and MicroStrategy's continued purchase of Bitcoin, originally appeared on Chain News ABMedia.