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The market is now reacting to very weak trading volumes for the first trading day of Bitcoin and Ethereum index funds in Hong Kong.
Trading volumes for six funds amounted to only $11.2 million, which is a negligible number compared to the $4.6 billion trading volume of US Bitcoin index funds on the first day.
Currencies are bleeding now due to the rise in USDT holdings and the continued rise in Bitcoin holdings, with its price falling, and this is the worst combination for alternative currencies.
Waiting for positive news with the opening of the US market trading session.
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