This week, the crypto market witnessed a selling pressure, which tumbled the Bitcoin price from $64500 to $58090, registering a 10% loss. The bearish shift triggered a correction trend across major altcoins, raising concerns of a prolonged downtrend into September. However, the AVAX and LINK price analysis shows recovery potential amid the listing announcement on Hong Kong’s HashKey Exchange.
AVAX and LINK Price Hints Reversal on Retail Listing Approval in HK
Hong Kong-based HashKey Exchange recently announced the listing approval of AVAX (Avalanche) and LINK (Chainlink) for retail investors. This move signifies the expansion of the web3 landscape in HK, which previously restricted retail trading to Bitcoin (BTC) and Ethereum (ETH).
Livio Weng, CEO of HashKey Exchange, noted, “ There may be many reasons for this acceleration, but the main catalyst may have been particularly when Trump expressed his intention to have Web3 happen in the United States.” in an interview with the So
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