Leak Reveals ‘Enormous’ China Earthquake Could Be About To Hit The Price Of Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And Solana

Bitcoin
BTC
ethereum and other major cryptocurrencies, including BNB
bnb
XRP
XRP
cardano, dogecoin, polygon and solana, have returned to the spotlight this month (just as the IMF put a twist on cryptocurrencies).

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The bitcoin price has seen its price nearly double this year despite Growing Fears That A US-Led Crypto Crackdown Is About To Escalate. Ethereal
ETH
and other top ten coins BNB, XRP, cardano, dogecoin, polygon, and solana have also risen, but have mostly been unable to keep up with bitcoin:as bullish investors make huge price predictions.

Now CEO of stablecoin issuer Circle, Jeremy Allaire, who oversees the $28 billion USDC
USDC
stablecoin, has said it sees "huge demand" for digital assets in emerging markets, with China and Asia at the "center."

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“Hong Kong is clearly looking to establish itself as a very important hub for digital asset and stablecoin markets and we are paying close attention to that,” Allaire said. Bloomberg at the World Economic Forum in Tianjin, China, calling Asia a "big area of ​​focus" for the company. "We see huge demand for digital dollars in emerging markets and Asia is really the center of that."

This month, Hong Kong, a special administrative region of China, launched a new cryptocurrency licensing regime that is expected to open the city to bitcoin, ethereum and cryptocurrency trading. The move comes amid a US cryptocurrency crackdown that has sent some of the biggest US bitcoin and cryptocurrency companies scrambling to find new homes around the world.

"What's happening in Hong Kong may be an indicator of how these markets are growing in greater China," Allaire said.

This week, a leak revealed HSBC
HBA
Hong Kong, the city's largest bank, has reportedly started allowing its customers to trade bitcoin and ethereum exchange-traded funds (ETFs) that are listed on the Hong Kong stock exchange.

"The move will broaden local users' exposure to cryptocurrencies in Hong Kong," said local journalist Colin Wu. aware to Twitter along with leaked images.

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The HSBC Bitcoin, Ethereum and Crypto ETF news comes as the US Securities and Exchange Commission (SEC) comes under renewed pressure to approve a US spot bitcoin ETF following a request from the world's largest asset manager, BlackRock.

The SEC has so far denied all previous applications for spot bitcoin ETFs and remains at war with many crypto firms in the country, accusing some of the largest of allowing trading in unregistered securities.

“The crypto market is proving remarkably resilient in light of the recent SEC announcements, with bitcoin seeing a 13% rally in the past week,” Katharine Wooller, head of crypto security firm Coincover, said in emailed comments. electronic.

“The 30-day low has now seen prices surge from $25,000 to $31,395 with bitcoin dominance at its highest point of the year as traders look for a flight to quality. For long-term holders, bad news from a regulator is far from unusual, and the US is only a small market for a truly global asset.With adequate protection for digital assets and regulatory frameworks in place in various jurisdictions, cryptocurrencies of good reputation are firmly in 'business as usual' territory.