HK Stock Market Move | Cryptocurrency concept stocks continue to decline, with OKG TECH (01499) falling more than 8% and BOYAA (00434) falling nearly 4%.

Cryptocurrency concept stocks continued to decline. As of the time of writing, OKG TECH (01499) fell by 8.68% to 0.221 Hong Kong dollars; OSL GROUP (00863) fell by 5.08% to 15.15 Hong Kong dollars; BOYAA (00434) fell by 3.85% to 4.25 Hong Kong dollars. On the news front, on the morning of November 17, Bitcoin once again plunged, falling below the $93,000 mark at one point, erasing over 30% of its gains since the beginning of the year. According to the Securities Times, market analysts believe that one of the important reasons for the continued decline in the cryptocurrency market may be the withdrawal of funds, suggesting that the cryptocurrency market may be entering a fragile period. Patrick Munnelly of Tickmill Group pointed out in a report that major investment funds, exchange-traded fund investors, and corporate treasuries have withdrawn from Bitcoin, taking away "key pillars of support for this year's rebound," thereby "ushering in a new period of market fragility."