Zhitong
2023.12.04 01:58
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Hong Kong Stock Market News | SINOHOPE TECH surges over 18% as Bitcoin price surpasses $40,000.

SINOHOPE TECH once surged more than 18%, and as of the time of writing, it has risen by 11.06%, reaching HKD 2.61, with a trading volume of HKD 4.1593 million. On the news front, the price of Bitcoin has reached $40,000 for the first time since May 2022. Due to the expected interest rate cut and increased demand for ETFs, Bitcoin, as the largest digital asset, has continued its rebound this year. As of 6:35 am on Monday, the trading price of Bitcoin in Singapore was $40,099, bringing its increase in 2023 to 142%. Market analysts pointed out in a report that Bitcoin continues to be supported by the optimistic sentiment of the approval of ETFs by the U.S. Securities and Exchange Commission and the interest rate cut by the Federal Reserve in 2024. In addition, the company announced at the end of last month that it has reached a strategic cooperation with SlowMist, a global leading blockchain security company. The two parties will actively cooperate in MPC security audits, anti-money laundering (AML) for digital assets, Web3 threat intelligence cooperation networks, and the security of the digital asset ecosystem, jointly building a secure infrastructure for the development of the Web3 industry in Hong Kong.

Zhitong App learned that SINOHOPE TECH (01611) once surged more than 18%, and as of the time of writing, it has risen by 11.06% to HKD 2.61, with a turnover of HKD 4.1593 million.

On the news front, the price of Bitcoin reached $40,000 for the first time since May 2022. As the largest digital asset, Bitcoin has continued its rebound this year due to expectations of interest rate cuts and increased demand for ETFs. As of 6:35 am on Monday, the trading price of Bitcoin in Singapore was $40,099, bringing its increase in 2023 to 142%. Market analysts pointed out in a report that Bitcoin continues to be supported by the optimistic sentiment of the approval of ETFs by the U.S. Securities and Exchange Commission and the interest rate cut by the Federal Reserve in 2024.

In addition, the company announced at the end of last month that it has reached a strategic cooperation with SlowMist, a global leading blockchain security company. The two parties will actively cooperate in MPC security audits, anti-money laundering (AML) of digital assets, Web3 threat intelligence cooperation network, and digital asset ecosystem security, jointly building a secure infrastructure for the development of the Web3 industry in Hong Kong.