Hong Kong Stock Market Update: Bitcoin briefly surpassed $64,000, MEITU rose over 6%, and SINOHOPE TECH surged over 4%.

In the morning session, concept stocks related to Bitcoin showed active performance. As of the time of writing, MEITU rose by 6.1% to HKD 2.61, SINOHOPE TECH rose by 4.94% to HKD 3.4, and GRANDSHORES rose by 4.44% to HKD 0.094. On the news front, Bitcoin once again staged a surge in prices. Bitcoin briefly broke through $64,000 during the session, hitting a new high since November 2021. Analysts suggest that the direct investment in Bitcoin Exchange Traded Funds (ETFs) has attracted more funds into this field. Meanwhile, investors are anticipating the upcoming halving of mining rewards in April, a situation historically favorable for Bitcoin prices.

Zhitong App learned that the concept stocks related to Bitcoin were active in the morning session. As of the time of publication, MEITU (01357) rose by 6.1% to HKD 2.61; SINOHOPE TECH (01611) rose by 4.94% to HKD 3.4; GRANDSHORES (01647) rose by 4.44% to HKD 0.094.

On the news front, Bitcoin once again staged a drama of soaring prices. Bitcoin briefly surpassed $64,000 during the trading session, hitting a new high since November 2021. Analysts believe that the direct investment in Bitcoin through Exchange-Traded Funds (ETFs) has attracted more funds into this field. Meanwhile, investors are anticipating the upcoming halving of mining rewards in April, a situation that has historically been favorable for Bitcoin prices.

Source: Zhitong The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.