Bitcoin Surges After Hong Kong’s Retail Trading Launch: Crypto Analysts

Coin Edition

Published May 29, 2023 08:03

Updated May 29, 2023 08:15

Bitcoin Surges After Hong Kong’s Retail Trading Launch: Crypto Analysts

Coin Edition -

  • Crypto Banter founder Ran Neuner sat with crypto analyst Sheldon the Sniper to discuss the spike in Bitcoin’s price.
  • Neuner suggests that the recent increase in Bitcoin’s value can be attributed to Hong Kong’s regulatory development.
  • CZ’s tweets about the Web 3.0 white paper suggest a bullish sentiment, according to Neuner.

In a recent interview, Crypto Banter founder Ran Neuner sat with crypto analyst Sheldon the Sniper to discuss the spike in Bitcoin’s price. The duo highlighted the recent announcement made by Hong Kong’s Securities and Futures Commission, which unveiled plans to permit retail investors to trade select crypto assets from June 1.

Furthermore, Neuner mentioned about a tweet from Colin Wu, a Chinese reporter from Wu Blockchain, which revealed that meme coin FLOKI was featured as a partner on a billboard during the singles finals of the 2023 World Table Tennis Championships broadcasted on Chinese state TV station CCTV-5. Neuner found this development “quite weird.”

In response to the exposure, FLOKI witnessed a surge of over 10% in its price. At present, FLOKI is priced at $0.0000335.

The post Bitcoin Surges After Hong Kong’s Retail Trading Launch: Crypto Analysts appeared first on Coin Edition.

Get The App
Join the millions of people who stay on top of global financial markets with Investing.com.
Download Now

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes