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Thursday, May 9, 2024

Bangkok Post – Bitcoin retreats to 1-month low as ETF-led enthusiasm wanes

A representation of the Bitcoin cryptocurrency is seen in this illustration taken Jan 11, 2024. (Reuters)

Bitcoin slid to the lowest since mid-December as the speculative demand for the token sparked by hype about new exchange-traded funds dissipates, leaving the cryptocurrency in the red since the start of 2024.

The largest digital asset flirted with a drop below $40,000 before trading at $40,843 as of 11:40 a.m. Friday in Singapore, a decline of 4% in the past 24…

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