Bitcoin’s 
BTCUSD price fell below the $61,000 mark after the first spot Bitcoin exchange-traded funds (ETFs) went live in Hong Kong. Is Bitcoin at risk of going below $60,000 in the next few days?
BTC price falls below $61K as Hong Kong ETF launches
Bitcoin fell to a weekly low of $60,543 on April 30, a day after the launch of the first batch of spot Bitcoin ETFs in Hong Kong. The world’s first cryptocurrency is down over 7.3% on the weekly and 13% on the monthly chart, according to CoinMarketCap.
The Hong Kong-based ETFs only amassed $12.4 million in trading volume during the first day, which pales compared to the first-day…
