Bitcoin jumps key price resistance as Hong Kong opens crypto trading to retail investors

“This looks like a non-macro related spot-based move, and the timing coincides with the news that Hong Kong will allow retail trading of BTC and ETH on licensed digital asset platforms from June 1st,” Noel Acheson , author of the Crypto Is Macro Now newsletter, said in Tuesday’s edition. “This is not a total surprise – the regime and timing were largely expected. But informer of “That matters more in a weak market with constraints coming from other vectors,” Acheson said.