Cryptoverse: Buoyant bitcoin helps market cruise past $2 trillion

13 Sept 23:16 Key points summarised by AI

The overall cryptocurrency market has surpassed $2 trillion, demonstrating surprising resilience amidst global economic and geopolitical instability.
Market leader Bitcoin broke its 2022 trading range, gaining 18% and showing comparative steadiness against volatile traditional stock and currency markets.
Bitcoin's volatility has significantly waned, with its 30-day volatility now about two-thirds of its June 2021 level, making its price swings less extreme.
While some technical indicators show bullish signs for Bitcoin (positive funding rates, increased long-term holding), analysts remain cautious due to rising oil prices and potential recession risks.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.