Ethereum and Bitcoin slumps as Hong Kong spot ETFs debut disappoints investors 📉

The largest of the cryptocurrencies Bitcoin loses more than 3% today and retreats to $61,000, while the largest of the 'altcoins, Ethereum, records a 5% decline, testing important psychologically $3000 zone. We can tie such a reaction in part to disappointing data on the purchase of spot ETFs, which began trading today on the Hong Kong exchange.

Regulators agreed to allow trading in spot funds tracking Bitcoin and Ether prices, but investor interest turned out to be far lower than expected. A total of 6 permitted ETFs saw a volume of only $11 million (BTC accounted for $8.5 million of trading) after trading began on the Hong Kong exchange.
Some estimates spoke of as much as $100 million on the first day. In comparison, ETFs in the US recorded $655 million in cumulative volume on the first day. But interest in them has also dropped noticeably in recent weeks, putting a question mark over the momentum of the entire cryptocurrency market.

Ethereum chart (D1)

The ETH price reacted with strong downward pressure near the 23.6 Fibonacci retracement of the upward wave from the fall of 2022, and a renewed downward movement could suggest pressure for a retest of the area around the 38.2 Fibo retracement, at $2800.Source: xStation5

23 July 2026, 6:51 PM

Daily Summary: Trump's War Threats Weigh on Markets. Wall Street Sinks into the Red

21 July 2026, 1:05 PM

Bitcoin Climbs Above $66,000 as ETF Flows Recover but Glassnode Warns of Higher Volatility

20 July 2026, 6:48 AM

Morning Wrap: Oil Climbs Back Above $90 as Chinese AI Weighs on Tech Stocks.

17 July 2026, 6:55 AM

Morninga Wrap: Wall Street Under Pressure. AI Loses Momentum, Netflix Disappoints, and the Persian Gulf Erupts

Crypto

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days