Hong Kong stock market anomaly | Bitcoin concept stocks show strength as Bitcoin price breaks through $57,000. Bitcoin spot ETF was previously approved in the United States.
Bitcoin concept stocks performed strongly today. As of the time of writing, OSL Group rose by 18.79% to HKD 9.61, GRANDSHORES rose by 9.41% to HKD 0.093, MEITU rose by 4.51% to HKD 2.55, and New Fire Technology Holdings rose by 3.44% to HKD 3.31. On the news front, Bitcoin spot prices briefly broke through $57,000 today, rising over 8% intraday, hitting a new high since December 2021. In addition, Tom Lee, Managing Partner of Fundstrat Global Advisors, made an aggressive prediction on the trend of Bitcoin, suggesting that by the end of this year, the cryptocurrency could climb to $150,000. Furthermore, on January 10, the U.S. Securities and Exchange Commission (SEC) approved 11 Bitcoin spot ETFs, leading to a price increase of over 10% in Bitcoin. At the same time, Bitcoin ETF trading volumes hit a record high. On February 20, industry insiders stated that the trading volume of 9 Bitcoin spot ETFs approached $2 billion, marking the highest level since the first day of trading on January 11.
Zhitong App learned that Bitcoin-related stocks performed strongly today. As of the time of publication, OSL Group (00863) rose by 18.79% to HKD 9.61; GRANDSHORES (01647) rose by 9.41% to HKD 0.093; MEITU (01357) rose by 4.51% to HKD 2.55; SINOHOPE TECH (01611) rose by 3.44% to HKD 3.31.
In terms of news, Bitcoin spot prices briefly surpassed $57,000 today, with an intraday increase of over 8%, hitting a new high since December 2021. Additionally, Tom Lee, Managing Partner of Fundstrat Global Advisors, made an aggressive prediction on Bitcoin's trend, suggesting that by the end of this year, the cryptocurrency could rise to $150,000.
Furthermore, on January 10th, the U.S. Securities and Exchange Commission (SEC) approved 11 Bitcoin spot ETFs, leading to a price increase of over 10%. At the same time, Bitcoin ETF trading volumes hit a historical high. On February 20th, industry insiders indicated that the trading volume of 9 Bitcoin spot ETFs approached $2 billion, marking the highest level since the first day of trading on January 11th.