Market Insight | Bitcoin breaks through the $69,000 mark, OSL Group rises by 9%, BlueFocus Interactive rises by 8%
Concept stocks related to Bitcoin are on the rise. As of the time of publication, OSL Group rose by 9% to HKD 5.69, Blueport Interactive rose by 8.2% to HKD 0.33, and Boyaa Interactive rose by 4.91% to HKD 1.71. On the news front, the price of Bitcoin continued to rise on Monday, surpassing the $69,000 mark for the first time since the end of July. This was mainly due to a large influx of funds into the Bitcoin spot exchange-traded funds (ETFs) in the U.S. stock market in the short term, betting on the continuous rise of the price of this globally largest digital asset, as well as the optimistic sentiment in the market towards the regulatory prospects of cryptocurrencies in the U.S. Furthermore, the Republican candidate Donald Trump has publicly expressed support for cryptocurrencies multiple times, leading Bitcoin to be seen as the core beneficiary asset of the so-called "Trump trade". Standard Chartered Bank had previously predicted that if Trump wins, the price of Bitcoin could potentially be pushed up to $125,000, and a victory for Harris would also benefit Bitcoin, with its price potentially rising to $75,000
According to the Wise Finance APP, stocks related to Bitcoin concept are rising. As of the time of publication, OSL Group (00863) is up 9% at HKD 5.69; Blueport Interactive (08267) is up 8.2% at HKD 0.33; Boya Interactive (00434) is up 4.91% at HKD 1.71.
On the news front, the price of Bitcoin continued to rise on Monday, surpassing the $69,000 mark for the first time since the end of July. This is mainly due to a large influx of funds into the Bitcoin spot exchange-traded funds (ETFs) in the U.S. stock market in the short term, betting on the continuous rise of the price of this globally largest digital asset, as well as the optimistic sentiment in the market towards the regulatory prospects of cryptocurrencies in the U.S.
In addition, the Republican candidate Donald Trump has publicly expressed his support for cryptocurrencies multiple times, to the extent that Bitcoin is seen as the core beneficiary asset of the so-called "Trump trade". Standard Chartered Bank had previously predicted that if Trump wins, the price of Bitcoin could be pushed up to $125,000, and a victory for Harris would also benefit Bitcoin, with its price potentially rising to $75,000