Bitcoin is on course for 12% losses in April, and with the monthly close just days away, it could end up sparking the weakest BTC price action in more than a year.The largest cryptocurrency continues to tread water beneath significant resistance levels after a week of sustained selling during Wall Street trading hours.
Its comeback may be helped by a dose of deja vu this week — less than four months after the United States, Hong Kong is set to launch its own spot Bitcoin exchange-traded funds . It is not just FOMC; headlining the week’s macro events is accompanying commentary from Fed Chair Jerome Powell on May 1, followed by jobless claims and unemployment data on May 2 and May 3, respectively.
Like the U.S. in January, Hong Kong is about to open the doors to spot Bitcoin ETFs — and anticipation of copycat interest and price impact is already building. “The substantial capital potential might lead to increased liquidity and possibly stabilize Bitcoin prices,” it wrote on X.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: Utoday_en - 🏆 295. / 63 Weiterlesen »
Bitcoin resets bull market BTC price metrics as April dip passes 7%Bitcoin metrics ditch overheated signals with BTC price losing 7% in April.
Herkunft: Cointelegraph - 🏆 562. / 51 Weiterlesen »