First Mover Asia: Bitcoin Holds Above $21,000; $5M DeFi Platform Forward Funding Round Highlights Crypto’s Growth in Thailand, but Regulation Lags

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While noting bitcoin’s encouraging rebound from $18,500 earlier in the week, Joe DiPasquale, CEO of crypto asset manager BitBull Capital, also said such resurgences were not unusual for cryptos during the bear markets. “While the bulls will welcome this bounce, it is important to note how continued bearish price action has intermittent relief rallies, particularly when short position holders are taking profits,” he said. he declares.

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