HK Stock Market Move | OSL GROUP (00863) rises over 5% as sentiment in the cryptocurrency market heats up, with Bitcoin prices surpassing $90,000.
18/11/2024
GMT Eight
OSL GROUP (00863) rose more than 5%, as of the time of writing, up 5.21% to HK$7.07 with a trading volume of HK$2.8638 million.
On the news front, cryptocurrency has been hot recently, with the current price of Bitcoin rising to $90,000 per coin. Geoff Kendrick, Global Head of Digital Asset 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. Guoyuan stated that Trump's economic policies are favorable for cryptocurrency. On one hand, Trump has a clear stance in support of cryptocurrency, and on the other hand, in the context of increasing global division, the currency properties of cryptocurrency are strengthening, similar to gold.