After Israel conducted airstrikes on Iran, according to Coindesk data, the price of Bitcoin in Hong Kong fell by 3.3% compared to 24 hours ago, now at approximately 0.1043 million USD, while Ethereum's price dropped significantly by 9%. Caroline Mauron, co-founder of trading company Orbit Markets, indicated that Cryptos reacted negatively after the Israeli airstrikes on Iran, consistent with other major risk Assets. She anticipates technical support around the 0.101 million USD level, but geopolitical factors will impact prices in the short term.
Bitcoin and Ethereum ETFs listed in Hong Kong have decreased. Huaxia Bitcoin ETF (03042.HK), Harvest Bitcoin Spot ETF (03439.HK), and Bosera HashKey Bitcoin ETF (03008.HK) have fallen by 2.9% to 3%. Additionally, Huaxia Ethereum ETF (03046.HK), Harvest Ethereum Spot ETF (03179.HK), and Bosera HashKey Ethereum ETF (03009.HK) dropped by 8.5% to 8.9%.
Reports indicate that following the airstrikes, investors immediately turned to safe-haven Assets like government bonds, leading to declines in the stock market and futures. During the Asia session, New York crude oil rose over 9%, while spot gold prices increased by 3.1%, now at 3,427.7 USD per ounce.
