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#Will ETH see a strong rebound in May?
Bitcoin ETF, which started trading in the US in January 2024, first caused a big decline in the market due to GBTC outflows. Then, as of the end of February and March, it was seen that the BTC reached ATH with the rises experienced with the effect of market entries. In the past minutes, it was announced that Hong Kong spot Bitcoin and spot Ethereum ETF, which were previously confirmed in the Asian benchmark, have started trading. So what is the latest situation in Bitcoin and Ethereum?
How many dollars did Bitcoin be?
In the last 12 hours, it has experienced a noticeable rise in the price of Bitcoin. Bitcoin price has risen from $61,754, where it fell amid uncertainty, to $64,110 at the time of writing. This represented an increase of close to 2% in the last 24 hours.
How many dollars is the Ethereum price?
On the other hand, another ETF that started trading in Hong Kong was their Spot Ethereum ETF. It is wondered what the Franklin ETF, which is still considered an unknown in the USA and was recently announced to be listed by DTCC, will bring.
In the midst of all this, the ETH price has reached the $3,200 mark and is trading at $3,192. This price is interpreted as a fall of 2.97%.
The 24-hour trading volume of ETH, whose market volume decreased to 389 billion dollars, increased to 15.3 billion dollars after a 32% rise. It remains a matter of curiosity how the news of a ETF from the USA may have an impact on the price. #ContentStar #HotTopicDiscussion