Bitcoin Surges Past $70K on China ETF Hopes Despite Looming Halving Uncertainty

Bitcoin price has skyrocketed over 70% since early 2023 to top $70,000 despite market crash fears due to impending halving event
Leak reveals China could soon approve Hong Kong-based spot bitcoin ETFs, marking a major shift given prior crypto crackdowns
Approvals may come as soon as this month from Hong Kong's securities regulator
Fresh investments could flow into bitcoin and crypto markets if ETFs are greenlit
Investor demand for non-China assets remains incredibly high amid economic uncertainty