After dipping below $62.5K yesterday, Bitcoin has shown signs of recovery. The cryptocurrency market seems to be in a wait-and-see mode, anticipating Hong Kong’s decision on whether to approve the first spot Bitcoin and Ethereum ETFs.
This potential approval is seen as a significant development for the mainstream adoption of cryptocurrencies. However, some analysts warn that there could be downsides as well.
While Bitcoin dipped over the weekend, meme coins and AI tokens saw some gains. This follows the recent liquidations in the market.
