Bitwise Investment Director said that investors have begun to build positions for crypto assets in the next few years. Hong Kong virtual asset ETFs r

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Cointime2024/11/07 02:44

By:Cointime

after Trump's victory, the cryptocurrency Bitcoin has reached a new historical high. Matthew Hougan, the investment director of Bitwise Asset Management, believes that the entire cryptocurrency industry has been tied up for years, but now it should come to an end. Investors have started to build positions for future years of cryptocurrency assets. The virtual currency ETF traded in Hong Kong performed well yesterday, with Bosera Bitcoin rising 7% and closing at 57.04 yuan, reaching a new high. Huaxia Ethereum, which holds Ethereum spot, rose 6.9% and closed at 6.28 yuan. The virtual currency ETF traded in RMB showed even more significant gains, with Huaxia Bitcoin rising 8.1% to 8.41 yuan RMB, and Huaxia Ethereum rising 7.3% to 5.79 yuan RMB.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14