HK Stock Market Move | Concept stocks of encrypted currencies regain momentum, with Bitcoin briefly surpassing $93,000. OKG TECH (01499) surged over 10%.

09:36 14/11/2024

The concept stocks of cryptocurrencies are picking up momentum again. As of the time of writing, Ok Cloud Chain (01499) was up 10.6% at HKD 0.24, Meitu Inc. (01357) was up 8.87% at HKD 3.19, and Boyaa Interactive (00434) was up 4.51% at HKD 3.01.

Concept stocks related to cryptocurrency are picking up again. As of the time of writing, OKG TECH (01499) rose by 10.6% to HKD 0.24; MEITU (01357) rose by 8.87% to HKD 3.19; BOYAA (00434) rose by 4.51% to HKD 3.01; SINOHOPE TECH (01611) rose by 4.24% to HKD 2.46. In terms of news, the cryptocurrency market continues to be hot. On Wednesday, Bitcoin continued to rise after breaking through the important $90,000 mark, reaching a high of $93,483, a new all-time high. Dogecoin, backed by Elon Musk, also surged more than 16% in one day. Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, believes that after Trump's victory, the price of Bitcoin will reach $125,000 by the end of this year and $200,000 by the end of 2025. Jan Van Eck, CEO of leading asset management company VanEck, predicts that the price of Bitcoin will reach $300,000.

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