Bitcoin ETFs hitting Hong Kong excite markets overnight, but overall BTC price conditions remain precarious, analysts say.
Bitcoin (BTC) attempted to hold higher on April 30 as an institutional landmark in Hong Kong boosted momentum.
Data from Cointelegraph Markets Pro and TradingView showed local highs of $64,714 on Bitstamp after the daily close.
This coincided with the launch of new spot Bitcoin exchange-traded funds (ETFs) in Hong Kong — an important moment for the industry in Asia, where conditions have rarely fostered Bitcoin as a mainstream asset.