HK Stock Market Move | Cryptocurrency concept stocks collectively soared as Trump's victory sparked a frenzy in the coin circle, with Bitcoin hitting a new high of $75,000.

Cryptocurrency concept stocks collectively opened higher, as of the time of writing, OKG TECH (01499) rose 11.17% to 0.209 Hong Kong dollars; GRANDSHORES (01647) rose 9.09% to 0.12 Hong Kong dollars; OSL GROUP (00863) rose 7.84% to 8.8 Hong Kong dollars; SINOHOPE TECH (01611) rose 5.5% to 2.3 Hong Kong dollars. On the news front, on November 7th, Bitcoin surged again, currently surpassing $75,300 per coin to hit a new all-time high, with other cryptocurrencies also rising sharply. With the dust settling on the U.S. election, Trump announced that he won the 2024 U.S. presidential election. Due to Trump's support for digital assets, the rise in Bitcoin is seen as the so-called "Trump trade"; Trump has vowed, if he returns to the White House, to make the U.S. the global center for cryptocurrencies, establish a strategic Bitcoin reserve, and appoint regulators who are passionate about digital assets, signaling that he is the most friendly candidate to the industry.