David Beckham-backed Prenetics ditches bitcoin purchase

"The cancellation of the bitcoin purchase by Prenetics serves as a significant signal of the ongoing turbulence in the cryptocurrency market. This decision highlights investor risk aversion, especially in a climate where recovery seems uncertain. The implications for other cryptocurrencies could be substantial, as market volatility persists. Observing future market dynamics will be crucial, and how corporates and investors respond may define their strategies moving forward. These developments are likely to heighten concerns around the long-term viability of cryptocurrencies, prompting increased caution among businesses."