The world's leading cryptocurrencies continued their downward trend on Tuesday, with Bitcoin falling below the $62,000 mark after Hong Kong launched its first crypto exchange-traded funds (ETFs).
The six Hong Kong ETFs missed market expectations on the first day of trading, as they have a combined trading volume of only $11 million, much lower than the $100 million expected.
Bitcoin plunged 3.27% at 5:52 am ET, selling for $61,751, while Ethereum plummeted 5.03% to go for $3,053 at the same time.
