𝗛𝗼𝗻𝗴 𝗞𝗼𝗻𝗴 𝗚𝗶𝘃𝗲𝘀 𝗡𝗼𝗱 𝘁𝗼 𝗦𝗽𝗼𝘁 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗻𝗱 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗘𝗧𝗙𝘀 𝗔𝗺𝗶𝗱 𝗖𝗿𝘆𝗽𝘁𝗼 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗯𝗼𝘂𝗻𝗱
As Bitcoin and Ethereum prices bounce back, Hong Kong embraces the trend with approvals for spot cryptocurrency ETFs, reinforcing its status as a crypto hub.
The move comes ahead of the Bitcoin halving event, boosting market optimism. Despite setbacks like the JPEX fraud, Hong Kong remains competitive against Singapore and Dubai in attracting crypto ventures.
The news sparks a market recovery, with Bitcoin rising 3.1% and Ethereum nearly 6% in the past 24 hours. Solana also sees a 7.4% surge, possibly fueled by network updates