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Bangkok Post

Business

Crypto market aflutter

Bitcoin Jirayut Srupsrisopa Crypto United States Cryptocurrency Inflation Bitkub Bittrex Thailand

Last year was a rough one for cryptocurrencies as Bitcoin, the largest digital asset in the world, lost nearly 65% of its market value.

Crypto enthusiasts were caught off guard by a series of unfortunate events such as the Terra Luna crash, the collapse of major exchange FTX, and unfavourable macroeconomic conditions.

In 2023, Bitcoin is recovering amid upside momentum, partly attributed to encouraging macroeconomic conditions.

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