Bitcoin and Ethereum ETFs in Hong Kong experienced outflows totaling $39.3 million on Monday, May 13. 😮 This was the highest total outflow on the Hong Kong Stock Exchange since they launched on May 2. But the situation is brighter in America; Bitcoin ETFs experienced an inflow of $66 million on May 13. 📈💰
Crypto markets gained nearly 2% on the day to reach a total of $2.40 trillion at the time of writing. Bitcoin reached $63,000 early in Asia but is currently trading at $62,500. Ethereum prices exhibited a similar pattern, but its gains were not enough to break the $3,000 resistance and ETH remained weak at $2,930.
Altcoins were mostly green at the time of writing, with Solana, Dogecoin, Shiba Inu, and Near Protocol outperforming others. 🚀
How long do you think this situation will last? We are waiting your comments! 👇