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Monday, July 7, 2025

First Mover Asia: When It Comes to Crypto, Hong Kong Isn’t the World’s ‘Freest Economy’; Bitcoin Has a Late Fall - CoinDesk

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Crypto investors were feeling more confident for much of Monday, sending Bitcoin over the $31,000 level for the first time in six days before a late drop.
The largest cryptocurrency by market capitalization was recently trading at about $30,300, up about 0.5% over the past 24 hours. Ether, the second largest crypto by market caps, was changing hands at roughly $1,730, down about 3% over the same period. Other major altcoins that had risen significantly earlier in the day, including SOL and ADA were more recently about flat, as investors wrestled with a few positive economic signs and the months-long flow of more troubling news.
King noted that the presence of institutional investors has differentiated the latest price slump from previous...



Read Full Story: https://www.coindesk.com/markets/2022/06/07/first-mover-asia-when-it-comes-to...

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