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Hong Kong approves first batch of spot bitcoin, ether ETFs in drive to become crypto hub
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Market cap doesn't hinder the price of anything. It's literally just a number that's determined by price x number of shares/coins that exist.
For ETH to hit 30k, crypto in general will have had to have exploded in popularity that makes the last few bull runs look like childs play.
It COULD happen, but it would happen either in tandem with a crazy rising market, or because it's (Ethereum) been adopted in some major way (Think what's happened with NVDA the last few years).