Hong Kong Stock Market Update | Bitcoin rebounds strongly, breaking through $68,000. BOYAA surged over 13%, SINOHOPE TECH surged over 9%

Concept stocks related to Bitcoin rose in the morning session. As of the time of writing, BOYAA rose by 14.21% to HKD 2.17; SINOHOPE TECH rose by 9.27% to HKD 3.3; OSL Group rose by 7.87% to HKD 7.81; MEITU rose by 5.59% to HKD 3.78. On the news front, Bitcoin turned higher on Wednesday, reversing the morning's decline. Investors temporarily halted recent selling and began to consider the latest policy decisions of the Federal Reserve. Bitcoin rebounded strongly, breaking through the $68,000 mark, with a 24-hour increase of 6.92%. A research report from the cryptocurrency tax platform CoinLedger previously pointed out that Bitcoin has only halved three times so far, but the price of Bitcoin has soared by an average of 400% in the year following the past two halvings. Depending on whether Bitcoin reached $69,000 during the halving in April, the study predicts a future price of $115,000