Most cryptocurrency investors breathed a sigh of relief as Bitcoin rebounded on Monday morning, following a turbulent weekend marked by a sharp decline. The turnaround was attributed to Hong Kong’s approval of its first spot Bitcoin and Ether exchange-traded funds (ETFs), signaling a new era for the digital asset market.
Over the weekend, Bitcoin experienced a nearly 10% drop, slipping below the $62,000 mark amidst escalating tensions between Israel and Iran, market volatility, and ongoing inflation concerns. However, the mood shifted positively on Monday morning, with Bitcoin regaining its footing and climbing 2.5% to reach $66,000.
The approval of spot Bitcoin and Ether ETFs in Hong Kong came as a significant development in the cryptocurrency space. Three offshore Chinese asset managers, including the Hong Kong units of Harvest Fund Management, Bosera Asset Management, and China Asset Management (ChinaAMC), are gearing up to launch their ETFs soon, according to reports from Reuters.
Unlike mainland China, Hong Kong has historically maintained a more favorable stance towards cryptocurrencies. By greenlighting these ETFs, the region is poised to align itself with other major financial markets like the United States, where cryptocurrency ETF investments have gained traction.
As the impending Bitcoin halving event draws near, heightened volatility is expected in the cryptocurrency market. Set to occur around April 19, the halving will cut the miner reward in half, reducing it from 6.25 Bitcoin to 3.125 Bitcoin. This anticipated change is likely contributing to the fluctuations seen in Bitcoin and other digital assets.
On Monday morning, the second-largest cryptocurrency, Ether, experienced a 12% decrease over the week but saw a 5% increase for the day, hovering around $3,100. Solana, priced at $147, faced an 18% decline from the previous week but rebounded with a 7.8% surge on Monday. Dogecoin, which had dropped over 20% in a week, saw a 5% increase on Monday, reaching $0.15.
Overall, the approval of cryptocurrency ETFs in Hong Kong has injected fresh momentum into the market, offering investors new avenues for participation in the digital asset space. With ongoing developments and the upcoming Bitcoin halving event, the cryptocurrency landscape remains dynamic and full of potential for traders and enthusiasts alike.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-350x250.png)
