Cryptocurrencies total market cap soars to B4bn
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Digital exchanges enjoy rapid surge
published : 11 Jan 2021 at 04:30
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Cryptocurrencies total market capitalisation in Thailand soared to nearly 4 billion baht on Friday, or around 6% of the Stock Exchange of Thailand s (SET) 2020 daily average trade, backed by the continuous price surges of bitcoin and other digital currencies.
Bitcoin s euphoric rally endured as it topped 1.24 million baht or US$40,000 on Friday, while ethereum soared, reaching an all-time high of 39,168 baht.
According to data from the Securities and Exchange Commission (SEC), bitcoin s average trading volume surged from 460 million baht during Dec 22-27 to over 553 million during Dec 28-Jan 2.