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Cryptocurrencies Price Prediction: Bitcoin, Binance & Ethereum — American Wrap 30 April

Binance CEO CZ sentenced to four months in prison, BNB price slightly recovers

Binance (BNB) founder and ex-CEO Changpeng Zhao (CZ) will spend four months in jail after Judge Richard Jones sentenced him on Tuesday. CZ earlier pleaded to one count of violating the Bank Secrecy Act in November 2023.
BNB/USDT 1-hour chart

BTC bulls need to hold here on the daily time frame, lest we see $52K range tested.

Bitcoin (BTC) price slid lower on Tuesday during the opening hours of the New York session, dipping its toes into a crucial chart area. It comes as markets continue to digest the performance of Hong exchange-traded funds (ETFs) after their first day of issuance.

BTC

Bitcoin, Ethereum Spot ETF in Hong Kong sees underwhelming response with $12 million in trade volume

The recently approved Bitcoin (BTC) and Ethereum (ETH) Spot Exchange Traded Funds (ETFs) in Hong Kong failed to gather a significant volume on their first trading day on Tuesday. The launch of the crypto-related ETFs was far away from the overwhelming response that the Bitcoin Spot ETFs received in the US in January, when the trading volume hit $4.6 billion on the first day after their approval. 
 
 

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