HK Stock Market Move | Concept stocks of cryptocurrencies surged, SINOHOPE TECH (01611) surged by over 5%, and Bitcoin briefly broke through $102,000.

Cryptocurrency concept stocks rose across the board in the morning session. As of press time, SINOHOPE TECH (01611) was up 5.38% at 1.96 Hong Kong dollars; OKG TECH (01499) was up 4.73% at 0.177 Hong Kong dollars; OSL GROUP (00863) was up 2.46% at 7.9 Hong Kong dollars; BOYAA (00434) was up 2.14% at 5.26 Hong Kong dollars. In terms of news, Bitcoin briefly broke through $102,000 per coin this morning, reaching a new high since January 7. It was reported that on Wednesday, local time, the U.S. state of Oklahoma proposed a bill to establish a strategic reserve of Bitcoin, joining the ranks of more and more states, hoping to capitalize on the potential returns of this cryptocurrency. It is also worth noting that on January 20th, U.S. President-elect Trump will officially become the 47th President of the United States. The future of Bitcoin in 2025 will partly depend on the extent to which Trump fulfills his promises regarding cryptocurrency, including establishing a national Bitcoin reserve.