Bitcoin Back in Green as Crypto Market Awaits Hong Kong Spot ETF Decision

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The market has shaken off concerns of escalations between Iran and Israel as the U.S. appears to have talked Israel out of a counter-attack.

Traders are also anticipating the approval of BTC ETFs in Hong Kong, which is expected later Monday or this week.is back above $3100 as market volatility has calmed after Iran launched a massive drone and missile attack against Israel that was mostly thwarted by air defense systems.over the weekend as geopolitical tension shook the markets. However, tension seems to have subsided, and this conflict will not escalate further as the U.S.

, was trading at a 20% premium over its analog counterpart as crypto traders fled risk assets for the safety of the yellow metal.“Given that the halving occurs at a time when dollar liquidity is tighter than usual, it will add propellant to a raging firesale of crypto assets,” Arthur Hayes wrote in a blog post on the topic.the launch of bitcoin and perhaps ether ETFs in Hong Kong this week, giving traders in China easier access to digital assets exposure.

 

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