{"id":15327,"date":"2024-04-15T10:56:06","date_gmt":"2024-04-15T10:56:06","guid":{"rendered":"https:\/\/www.bitcoincasinos.com\/?p=15327"},"modified":"2024-04-18T14:33:18","modified_gmt":"2024-04-18T14:33:18","slug":"bitcoin-returns-to-65000-mark-following-a-market-recovery-awaits-hong-kong-trade","status":"publish","type":"post","link":"https:\/\/www.bitcoincasinos.com\/blog\/2024\/04\/15\/bitcoin-returns-to-65000-mark-following-a-market-recovery-awaits-hong-kong-trade\/","title":{"rendered":"Bitcoin Returns To $65000 Mark Following A Market Recovery And Awaits Hong Kong Trade"},"content":{"rendered":"
The Bitcoin market starts to recover following the Iran and Israel conflict, as BTC exceeds $65,000 and Ether rises above $3100.\u00a0<\/strong><\/p>\n BTC fell under $62,000 during the 13th-14th April weekend, as global events and tension impacted the cryptocurrency markets – as Iran and Israel are now in high tension conflict following an attack on Saturday 13th April.<\/p>\n However, after news of an eased tension begins to surface, due to the United States opting to avoid any involvement – the markets on the way back to normal.<\/p>\n Those who trade on Polymarket now give the possibility of Israel retaliating a 4% chance and this has dropped drastically from the 57% that was handed moments after the initial attack.<\/p>\n During the opening concerns, PAXG, which is a gold digital asset option made by Paxos, was being traded at a 20% vertical.<\/p>\n This came as crypto users decided to exit any possible risks to the safety and legislation of gold – which looked to be decreasing following the conflict.<\/p>\n Gold was already subject to heavy assessment and increased selling incentives, as the United States tax season nears – which is set to take place in the ‘halving’ build up.<\/p>\n Arthur Hayes, who is a respected trader in the cryptocurrency sector, has revealed that the tightness of dollar liquidity has impacted certain assets.<\/p>\n He said: \u201cGiven that the halving occurs at a time when dollar liquidity is tighter than usual, it will add propellant to a raging firesale of crypto assets.\u201d<\/p>\n Another factor that could make a huge dent in the crypto market is the release of bitcoin and ether ETFS in Hong Kong.<\/p>\n This move will allow traders in China to gain access to various digital assets, as the crypto market looks to increase in new regions.<\/p>\n A report from Matrixport has revealed that an estimated $25 billion could be unlocked through the variety ETFs available.<\/p>\n","protected":false},"excerpt":{"rendered":" The Bitcoin market starts to recover following the Iran and Israel conflict, as BTC exceeds $65,000 and Ether rises above $3100.\u00a0 Bitcoin Market Starts To Recover BTC fell under $62,000 during the 13th-14th April weekend, as global events and tension impacted the cryptocurrency markets – as Iran and Israel are now in high tension conflict … <\/p>\n","protected":false},"author":204,"featured_media":15331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[5],"tags":[],"acf":[],"yoast_head":"\nBitcoin Market Starts To Recover<\/h2>\n