Solana, Ethereum & Bitcoin — Asian Wrap 03 May

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Bitcoiners and cryptocurrency enthusiasts are calling for a marketwide recovery after the flash crash that saw Bitcoin price drop to the $56,000 range. It comes following the fourth BTC halving and, more recently, the Federal Open Market Committee Meeting (FOMC). If a fully-fledged bull market does not commence, token holders will settle for an altcoin season. 

Ethereum (ETH) is beginning to show signs of recovery on Thursday despite a second consecutive day of poor performance in Hong Kong’s spot Ethereum ETFs. Bloomberg analyst James Seyffart has also shared that a spot Ethereum ETF may not happen in the US in 2024.

Bitcoin (BTC) price ticked north on Thursday following reports that BlackRock has been approaching different investor classes on matters to do with BTC exchange-traded funds. According to the firm’s head of digital assets, markets could see a new investor segment come into the space…

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