South China Morning Post: Despite Bitcoin's deep correction to a 10-month low, Hong Kong crypto investors remain cautiously optimistic
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According to a report by Bijie Network: Bijie Network news, according to the South China Morning Post, despite bitcoin's price plunging over the weekend to its lowest point in 10 months, cryptocurrency investors remain cautiously optimistic. On Monday, bitcoin fell to $74,541, down about 40% from its all-time high of $126,000. Other major cryptocurrencies also weakened, with ethereum dropping more than 15% since Friday night and solana falling over 12%. Evan Auyang, President of digital asset company Animoca Brands, said that macro pressures have severely impacted the crypto market. James Aitchison, founder of crypto hedge fund Caerus Global Management, pointed out that this round of decline was initially triggered by a sharp sell-off in the precious metals market last weekend, and was amplified by thin weekend trading volumes and bitcoin breaking below the psychological threshold of $80,000. Professional investors generally regard this volatility as "business as usual."
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