Digital currency ETFs across the board are on the rise. As of press time, Bosera Bitcoin (03008) rose 7.96% to HKD 48, CSOP Bitcoin (03439) rose 7.84% to HKD 7.705, Huaxia Bitcoin (03042) rose 7.85% to HKD 7.695, and Huaxia Ethereum (03046) rose 6.94% to HKD 8.015.
According to the Wisdom Wealth app, digital currency ETFs are on the rise. As of press time, Bosera Bitcoin (03008) rose 7.96% to HKD 48, CSOP Bitcoin (03439) rose 7.84% to HKD 7.705, Huaxia Bitcoin (03042) rose 7.85% to HKD 7.695, and Huaxia Ethereum (03046) rose 6.94% to HKD 8.015.
On the news front, former U.S. President Donald Trump survived an assassination attempt. After being shot, Trump's chances of becoming president again increased to 66.5%. Previously, media reports indicated that former U.S. President Trump would speak at the Bitcoin 2024 conference in Tennessee. In response to the news, Bitcoin has broken the $61,000 mark and Ethereum briefly rose above $3,300. In addition, the market currently believes that the Fed will likely cut interest rates in September, which is also favorable for the virtual currency market. Federal Reserve Chairman Jerome Powell stated earlier this week that he is concerned that maintaining high interest rates for an extended period could endanger economic growth, and hinted that interest rates could be lowered as long as inflation continues to show progress.
Furthermore, the market currently believes that the Fed will likely cut interest rates in September, which is also favorable for the virtual currency market. Federal Reserve Chairman Jerome Powell stated earlier this week that he is concerned that maintaining high interest rates for an extended period could endanger economic growth, and hinted that interest rates could be lowered as long as inflation continues to show progress.