HK Stock Market Move | Cryptocurrency concept stocks are all rising. Trump announces the establishment of a cryptocurrency reserve in the United States. The market is focusing on this week's cryptocurrency summit.

Cryptocurrency concept stocks are all strong, as of the time of writing, LINEKONG (08267) rose 34.62%, to 0.35 Hong Kong dollars; BOYAA (00434) rose 20.94%, to 4.1 Hong Kong dollars; OKG TECH(01499) rose 17.83%, to 0.152 Hong Kong dollars; GRANDSHORES(01647) rose 11.84%, to 0.085 Hong Kong dollars; SINOHOPE TECH(01611) rose 7.89%, to 1.64 Hong Kong dollars. On the news front, US President Trump stated on March 2nd local time that an executive order on digital assets designated cryptocurrencies such as Ripple (XRP), Solana (SOL), and Cardano (ADA) as strategic reserves. Trump said that Bitcoin (BTC) and Ethereum (ETH) will become core reserves for cryptocurrencies, just like other valuable cryptocurrencies. As a result, the price of Bitcoin had briefly surpassed $95,000 on Sunday and as of the time of writing, Bitcoin is at $92,848 per coin. In addition, according to Caixin's report, Trump will host the White House's first cryptocurrency summit this Friday (March 7), further solidifying his support for the cryptocurrency industry. The White House stated in a declaration on the evening of February 28 that Trump will speak at the meeting, and the attendees will include prominent founders, CEOs, and investors in the cryptocurrency industry, as well as members of the President's digital asset working group.