Crypto Survives Weekend Sell-Off, Hong Kong Approves Spot Bitcoin and Ethereum ETFs

Market Update Crypto prices suffered steep declines over the weekend following news of Iran launching drone strikes at Israel. Bitcoin and Ethereum reached respective lows of $60.8k and $2.85k, while many altcoins saw drops of over 20%. Open interest (OI) across all coins on Friday was $48 billion, and after the rapid price declines, approximately 25% of that was wiped, with total OI of about $36 billion at the time of writing. $BTC (-2.81%) and $ETH (-1.37%) have rebounded slightly with Bitcoin trading at $64.0k and Ethereum at $3,100. $ONDO (-1.32%) has emerged as one of the strongest perf