Bitcoin's market dominance hits a three-year high of 55.3%, with its value peaking at $65,468.

A sharp 13.3% price drop in Bitcoin led to $387 million in forced liquidations and a $5.4 billion decrease in open interest.

While Bitcoin has made a modest recovery, trader sentiment remains shaken, questioning its role as 'digital gold'.

The altcoin market shows mixed responses, with some losses and gains, amid the overall cryptocurrency market turbulence.

Hong Kong's approval of spot Bitcoin ETFs is a positive sign, following earlier SEC approvals in the U.S.

The anticipated Bitcoin halving event is projected to potentially boost prices, adding a speculative element for investors.

Investors are advised to monitor the Hong Kong market closely due to its possible influence on cryptocurrency prices.

Fusion Media's risk disclosure underscores the inherent risks of trading cryptocurrencies and the need for careful investment consideration.