Crypto Market Braces for China's Impact on Bitcoin and Altcoin Prices

The CEO of Binance, Changpeng Zhao, has predicted that China's recent coverage of a bitcoin ATM in Hong Kong could trigger the next bitcoin price bull run. China has had a tumultuous relationship with cryptocurrencies, with a strict crypto trading and mining ban in 2021. However, Hong Kong has recently adopted a new crypto licensing regime that will allow the trading of established cryptocurrencies such as bitcoin and ethereum from June 1.