Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

News Snapshot:

Cryptocurrencies gave up their weekend gains, with the broad-market CoinDesk Market Index declining 3% over the past 24 hours. The first batch of Hong Kong-listed spot bitcoin and ether ETFs will start trading on Tuesday morning. ChinaAMC's head of digital asset management said the offerings will be beneficial for crypto prices improving liquidity and expand participation. Crypto markets were lower across the board, with bitcoin {{BTC}} wavering near $63,000 as the upcoming Hong Kong crypto spot exchange-traded fund (ETF) debut has failed to spark excitement among investors. BTC drifted lower during the day from $64,000 over the weekend, slipping briefly...