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Cryptocurrency Prices And News: Bitcoin Falls Near Key Level After Soft Hong Kong ETF Launch

Cryptocurrency Prices And News: Bitcoin Falls Near Key Level After Soft Hong Kong ETF Launch

Cryptocurrency News: Cryptocurrency prices retreated early Wednesday as bitcoin trended below $58,000. Three spot bitcoin ETFs and three ether ETFs debuted in Hong Kong on Tuesday but failed to hit launch-day forecasts. The new Hong Kong ETFs recorded $12.8 million in trading volume during their first day, driven by $9.74 million in bitcoin ETF volume, Bloomberg analyst James Seyffart reported.