HK Stock Market News | Bitcoin concept stocks collectively decline as Bitcoin price continues to fall, breaking below $65,000 during today's trading session
Concept stocks related to Bitcoin collectively fell. As of the time of publication, BOYAA fell by 6.31% to HKD 1.93; MEITU fell by 3.6% to HKD 3.48; OSL Group fell by 2.88% to HKD 7.77; GRANDSHORES fell by 1.18% to HKD 0.084. On the news front, the price of Bitcoin has been steadily rising over the past few months, hitting a new high of $73,881.3 on March 14th. In the following days, the price of Bitcoin continued to decline, with the intraday price falling below $65,000 today, currently at $64,956, down nearly 4% intraday. It is reported that J.P. Morgan once released a report in February pointing out that the highly anticipated Bitcoin halving event will occur in April, which may have a serious negative impact on the profitability of Bitcoin miners. The report warned that the price of Bitcoin could plummet to $42,000 per coin, with a potential downside of over 36% from the current price. In addition, the Bank of Japan raised interest rates for the first time since 2007, signaling the end of the era of negative interest rates
According to the information from the Wise Finance APP, stocks related to Bitcoin concept collectively fell. As of the time of publication, BOYAA (00434) fell by 6.31% to HKD 1.93; MEITU (01357) fell by 3.6% to HKD 3.48; OSL Group (00863) fell by 2.88% to HKD 7.77; GRANDSHORES (01647) fell by 1.18% to HKD 0.084.
On the news front, the price of Bitcoin has been continuously rising over the past few months, reaching a new high of $73,881.3 on March 14th. In the following days, the price of Bitcoin has been declining, with today's intraday price dropping below $65,000 to $64,956, a nearly 4% decrease.
It is reported that Morgan Stanley had previously released a report in February indicating that the highly anticipated Bitcoin halving event will occur in April, which may have a serious negative impact on the profitability of Bitcoin miners. The report warned that the price of Bitcoin could plummet to $42,000 per coin, representing a potential downside of over 36% from the current price. In addition, the Bank of Japan raised interest rates for the first time since 2007, signaling the end of the era of negative interest rates