Bitcoin 10 minutes
Bitcoin bids accelerated over the past hour, nearly erasing the weekend decline caused by Iranian strikes against Israel.
The catalyst for the latest buying leg is Hong Kong’s approval of spot BTC and ETH applications for ETFs. There’s no word yet on when they’ll launch, but there are a handful of apps.
Bitcoin remains about 1.2% below pre-attack levels, but Ethereum is now higher. Both moves were rumored last week, so they’re not entirely surprising, but for ETH it’s particularly optimistic given that a US ETF approval now seems unlikely.
It’s a big week for Bitcoin, with the halving scheduled for the end of the week.
cnbctv18-forexlive
