Bitcoin and Ethereum have seen interesting price movements recently, with Bitcoin's lateralization phase ongoing but the early May waning phase seemingly over. Bitcoin's price has been fluctuating between $26,000 and $30,000, but has rebounded above $28,000. Ethereum's price has been stable around $1,900 for over two months, with the difference from Bitcoin largely due to the market impact of the Sepolia update and Ethereum's burn process. The reopening of crypto exchanges in Hong Kong could attract capital from all over China, potentially leading to a return of Chinese capital to the crypto markets. However, it remains to be seen if Chinese capital will follow suit, especially if China allows its citizens to use the crypto trading services offered by Hong Kong exchanges.
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Bitcoin and Ethereum Prices Rebound on News of Hong Kong Crypto Exchange Reopening
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