- The tech heavy Nasdaq closed 0.99% lower at 13,858.
- Coinbase had a successful Nasdaq debut in a milestone for cryptocurrency.
- Goldman Sachs boosted the Dow Jones with record first-quarter earnings.
The US markets closed mixed on Wednesday with the Dow Jones retreating from an intraday record high after the Fed released a report saying the US economy had accelerated to a moderate pace.
The Dow Jones rose 0.2% to finish the trading day up 54 points to close at 33,731 points.
The tech heavy NASDAQ fell 0.99% to finish the trading day down 138 points to close at 13,858 points.
One bitcoin is worth US$62,869 going into the Asian trading day, down 0.99% in the last 24-hours.
The Australian dollar is firm against the major currencies and is buying 77.27 US cents.
The US?s largest cryptocurrency exchange platform Coinbase made a successful debut on Wall Street on Wednesday with shares opening at US$381/share, 52% higher than the reference price of US$250/share it set on Tuesday. Coinbase closed the session at US$328.28/share with a market valuation of US$85.8bn.
Goldman Sachs accounted for a large portion of the Dow Jones? gains after reporting record first-quarter net profits and record revenues of US$17.7bn, easily exceeding expectations of US$12.6bn.
And Instagram is testing a new feature allowing users to be in control of whether they want likes on posts to be viewed by the public or to be kept hidden after the social media platform controversially acted to privatise likes per post a few years ago.