HK Stock Market Move | Bitcoin briefly broke through $90,000 before plummeting. Cryptocurrency ETFs and related stocks are generally experiencing a pullback.

Cryptocurrency ETFs and related concept stocks are generally experiencing a pullback. As of the time of writing, GRANDSHORES (01647) has fallen by 8.13% to 0.113 Hong Kong dollars; OSL GROUP (00863) has fallen by 5.47% to 7.09 Hong Kong dollars; Harvest Ether Spot ETF (03179) has fallen by 4.13% to 7.9 Hong Kong dollars; ChinaAMC Ether ETF (03046) has fallen by 3.37% to 7.875 Hong Kong dollars. In terms of news, the price of Bitcoin recently plunged after breaking through $90,000 USD, dropping nearly $5,000 USD in just 3 hours. Market data shows that on November 12, Bitcoin surged to a high of $90,070.1 before declining to $85,500 at one point. As of the time of writing, Bitcoin is trading at $87,798. Previously, spurred by Trump's election victory, Bitcoin had been hitting new highs. However, market analysts point out that there is uncertainty around whether Trump will fulfill his promises on cryptocurrency made during the campaign, and there has been no substantial progress. With potential changes in the future, traders need to be vigilant about risks.