Late at night, the cryptocurrency world was in turmoil again, and three pieces of news were like thunder, stirring up market sentiment.
First, there was a heavyweight positive: the world's top futures trading platform, the Chicago Mercantile Exchange (CME), was plotting to get involved in Bitcoin trading, intending to capture Wall Street's growing interest in cryptocurrencies. Although the plan has not been finalized, it is undoubtedly another strong signal that mainstream finance is embracing digital assets.
Then, the light of hope shone on Hong Kong - at the Bitcoin Asia Summit, Han Tongli, CEO of Harvest Fund, boldly imagined that BTC and ETH ETFs might be able to cross barriers in the future and connect to the mainland Chinese market through the ETF Connect mechanism, opening a new era of cryptocurrency investment for mainland Chinese investors. Han Tongli expressed optimism that if conditions are ripe, they are ready to push this matter into place within the next two years.
However, there are storms in addition to joy. While the price of Bitcoin broke through the $66,000 skyline, it also brought about violent fluctuations. Overnight, more than 54,000 investors were unfortunately liquidated, and funds worth about 1 billion yuan were wiped out, once again warning of the high-risk nature of the crypto market.
That night, the cryptocurrency stage played out a drama of hope and crisis. The mood of each participant was mixed, just like the fluctuations in the market.