Hong Kong Stock Market Update | SINOHOPE TECH surged over 7% intraday as Bitcoin price breaks $70,000 for the first time.
SINOHOPE TECH surged over 7% intraday, and as of the time of writing, it rose by 5.9% to HKD 3.77, with a turnover of HKD 8.699 million. On the news front, last Friday, the price of Bitcoin reached the milestone of $70,000 for the first time in history. Although there has been a slight pullback since then, the overall trend of the price remains upward. In addition, the cryptocurrency tax platform CoinLedger stated in a recent research report that Bitcoin halving has only occurred three times so far, but the price of Bitcoin has surged by an average of 400% in the year following the last two halvings. Based on whether Bitcoin reached $69,000 during the halving in April, the research predicts a future price of $115,000.
Zhitong App learned that SINOHOPE TECH (01611) surged over 7% during the trading session, and as of the time of publication, it rose by 5.9% to HKD 3.77, with a turnover of HKD 8.699 million.
On the news front, last Friday, the price of Bitcoin reached the milestone of $70,000 for the first time in history. Although there has been some retracement since then, the overall price trend remains upward. In addition, the cryptocurrency tax platform CoinLedger stated in a recent research report that Bitcoin halving has only occurred three times so far, but the price of Bitcoin has surged by an average of 400% in the year following the last two halvings. Based on whether Bitcoin reached $69,000 during the halving in April, the research predicts a future price of $115,000.