SINGAPORE - Blow after blow, a continuous string of bad news for cryptocurrencies in the past week brought digital asset darling Bitcoin to its knees over the weekend, and observers say the end is not yet near despite a rebound in prices.
Bitcoin, the most popular cryptocurrency in the world, on Monday (June 20) rebounded to hover at the US$20,000 (S$27,743) mark, up from this year's low of US$17,592.78 on Saturday (June 18). The digital asset now makes up about 43 per cent of crypto's total market capitalisation, according to CoinMarketCap.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
