Market Analysis: The cryptocurrency market saw a brief reprieve from selling pressure on Monday, largely attributed to developments in the Asia-Pacific financial markets. Reports indicate that several major investment firms, such as China Asset Management, Bosera Capital, and HashKey Capital, have received approval from the Hong Kong Securities and Futures Commission to introduce Bitcoin and Ethereum spot ETFs. This news signals a growing acceptance of cryptocurrencies in traditional financial markets and could potentially lead to increased liquidity and investment in the crypto space.
