Hong Kong Stock Market Update: Bitcoin falls below $51,000, OSL Group drops over 8%, SINOHOPE TECH falls over 7%.
Bitcoin concept stocks fell, as of the time of publication, OSL Group dropped by 8.2% to HKD 8.06, while SINOHOPE TECH fell by 7.3% to HKD 2.92. On the news front, on February 21st, Bitcoin briefly fell below $51,000 per coin, dropping over 2% intraday. Previous analysis suggested that the market tends to repeat wave patterns, applying this pattern to Bitcoin indicates that Bitcoin may fall back to around $40,000 before rising to around $70,000.
Zhitong App learned that stocks related to Bitcoin concept have declined. As of the time of publication, OSL Group (00863) fell by 8.2% to HKD 8.06, while SINOHOPE TECH (01611) dropped by 7.3% to HKD 2.92.
On the news front, on February 21st, Bitcoin briefly fell below $51,000 per coin, dropping over 2% intraday. Previous analysis suggested that the market tends to repeat wave patterns, applying this model to Bitcoin indicates that Bitcoin may retrace to around $40,000 before rising to around $70,000.