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Why market goes down ??

Bitcoin Slips Under $62K as Hong Kong ETFs Disappoint.

Asia's first spot bitcoin and ether ETFs debuted in Hong Kong with dismal trading volumes.

Bitcoin (BTC) faced selling pressure during European hours after data showed poor uptake for Hong Kong’s newly listed exchange-traded funds tied to bitcoin and ether.

The leading cryptocurrency by market value fell nearly 2% from $63,300 to under $61,000 in 60 minutes to 09:00 UTC, CoinDesk data show. Ether (ETH), the second-largest cryptocurrency, slipped 2.8% to $3,066.

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