Merkle sees room for crypto recovery in second halfListen to this articleCrypto assets recorded a negative annual return in 2025. "This shift reflects a structural change in crypto markets," said Mr Thanalop. According to Merkle, crypto assets closed 2025 with negative annual returns, compounded by a major liquidation event on Oct 10 that drained liquidity from the system. Historically, crypto markets have shown a positive correlation with small caps, suggesting they could benefit indirectly from this rotation, noted Merkle. "We expect a gradual shift away from short-term, momentum-driven digital asset speculation towards projects with clearer fundamentals.

Source: Bangkok Post January 07, 2026 09:32 UTC