Business News Asia
SEC shows that weekly trading volume in digital assets fell by 3.07 billion baht due to lower returns than stocks-gold-oil, with KUB falling the most, down 25.23%. The volume of domestic crypto investors has continued to decline since November 2021, and the number of active trading accounts is less than 50%.
The SEC has released its weekly (April 15) digital asset market report, which shows that the global digital asset market has a market capitalization of around $1.8 trillion, with Bitcoin having a share of over 41.4%. At last count, $93.14 billion worth of Bitcoin was traded per day.
Currently, digital assets have lower returns compared to stocks, gold, and oil, although the volatility of digital asset prices is much higher compared to stock prices.
Since the beginning of 2022, the market capitalization of cryptocurrencies has been in negative territory, with KUB having the highest negative return with 25.23%, while Bitcoin is the least negative with 13.79%.
Cumulative revenue by type of digital asset was found to be rather fragmented, with Tether at ฿5.45 billion, or 12.73%, followed by Bitcoin at ฿4.78 billion, or 11.15%, and Gala at ฿3.53 billion, or 11.42%.
The trading value has started to return upwards in line with the trend of the cryptocurrency market price. Bitcoin and Ethereum have been found to increase less than other cryptocurrencies. Therefore, the distribution of the trading value of different coins has started to increase.