Ethereum

Bitcoin

David Vance

April

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin’s price recovers following a selloff during the weekend, just four days ahead of the halving event scheduled for April 20.</li> 
 <li>The markets saw huge volatility the past two days as investors digested a potential military escalation in the Middle East.</li> 
</ul> 
<p><a href="https://crypto.ro/en/news/bitcoin-regains-leadership-as-cryptocurrency-market-recovers-from-massive-sell-off/">Bitcoin</a>‘s price seems on the path to recovery, following a sudden drop amidst the weekend selloff. This was triggered by news of an Iranian attack against Israel.</p> 
<p>The crypto market index has bounced back approximately 5% in the past 24 hours. The selloff was a rapid response to the news of the attack, which Israel claims to have successfully deterred.</p> 
<p>Iran launched attack drones and missiles against Israel in an apparent retaliation for a strike in Syria that killed important Iranian military officers. This took the conflict in the region into a dangerous new phase, according to reports from <a href="https://www.bloomberg.com/news/articles/2024-04-14/bitcoin-price-rebounds-after-iran-s-attack-on-israel-btc-eth?embedded-checkout=true" rel="nofollow noopener" target="_blank">Bloomberg</a>.</p> 
<p>The publication noted that the selloff we witnessed during the weekend was an indication of the huge market volatility as investors were digesting the possibility of a military escalation in the Middle East.</p> 
<p>Bloomberg cited David Lawant, Head of Research at FalconX, who stated that more investors than usual could choose to express their market views via crypto.</p> 
<p>Iran’s actions took place while most markets were closed, and crypto traders were among the first to react to the major geopolitical event.</p> 
<h2 id="bitcoin-price-rebounds-following-the-weekend-selloff">Bitcoin price rebounds following the weekend selloff</h2> 
<p>At the moment of writing this article, Bitcoin is trading above $66k, up by almost 3% in the past 24 hours on <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="nofollow noopener" target="_blank">CoinMarketCap</a>.</p> 
<figure id="attachment_39224" aria-describedby="caption-attachment-39224" style="width: 100%" class="wp-caption alignnone">
 <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="nofollow noopener" target="_blank"><img loading="lazy" decoding="async" class="wp-image-39224 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-19.jpg" alt="Bitcoin price" width="700" height="475" title="Bitcoin Price Rebounds 4 Days Ahead Of Halving 6" srcset="https://crypto.ro/en/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-19.jpg 700w, https://crypto.ro/en/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-19-300x204.jpg 300w" sizes="(max-width: 700px) 100vw, 700px"></a>
 <figcaption id="caption-attachment-39224" class="wp-caption-text">
  Bitcoin price
 </figcaption>
</figure> 
<h2 id="hong-kong-approves-first-batch-of-btc-and-eth-etfs">Hong Kong approves first batch of BTC and ETH ETFs</h2> 
<p>Today, the crypto industry received optimism from Asia as Hong Kong has reportedly announced the approval of the first batch of Bitcoin and Ethereum ETFs.</p> 
<p>According to the latest&nbsp;reports coming from Shanghai, Reuters, Hong Kong’s securities regulator just <a href="https://crypto.ro/en/news/hong-kong-approves-bitcoin-ethereum-etfs/">approved</a> the first spot Bitcoin and Ethereum exchange-traded funds.</p> 
<p>The move is marking an important milestone for Hong Kong on the path to becoming Asia’s first city to accept popular crypto products as a tool of mainstream investment.</p> 
<p>Hong Kong’s decision comes about three months after the US SEC’s approval of the first BTC ETFs in the country, a move that triggered huge<a href="https://crypto.ro/en/news/blackrocks-spot-bitcoin-etf-is-the-fastest-growing-ever-larry-fink-says/"> investment opportunities</a>.</p> 
<p>Bitcoin is now 4 days and a few hours ahead of the <a href="https://www.binance.com/en/events/bitcoin-halving" rel="nofollow noopener" target="_blank">halving event</a> scheduled for April 20.</p> 
<p>Since the halving event happens every 210,000 blocks, the next Bitcoin halving is expected to occur when the block height reaches 840,000.</p> 
<p>During a recent interview with Bloomberg, Marathon Digital Holdings Inc., CEO Fred Thiel said that Bitcoin’s halving rally is <a href="https://crypto.ro/en/news/marathon-ceo-bitcoin-halving-rally-partially-priced-in/">partially priced in</a>.</p>

Bitcoin Price Rebounds 4 Days Ahead Of Halving

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