Thai crypto stocks surge as bitcoin tops $81,000

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Summary · why it matters

Thai cryptocurrency investment stocks led gains, with ZIGA jumping 8.62% to 1.26 baht and BTC rising 3.33% to 0.31 baht, after bitcoin surged past $81,000 in trading on Coin Metrics platform. The rally was supported by a decline in US Treasury yields and expectations that the Fed will hold interest rates at its meeting this month. CME Group's FedWatch Tool indicates investors assign a 51.6% probability that the Fed will hold rates, up from 36.8% yesterday. Analysts expect bitcoin to potentially reach $150,000 by the end of this year.

Impact on assets 5

Critical Materials & Supply Chain▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks
Others▼ · 2 stocks
Others▲ · 1 stocks
Bitcoin
BTC-USD
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Bitcoin tops $81,000 on Fed rate hold expectations and lower Treasury yields

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