HK Stock Market Move | Cryptocurrency market welcomes a strong rebound. MEMESTRATEGY (02440) surged over 7%, while YUNFENG FIN (00376) rose nearly 6%.

Cryptocurrency concept stocks are on the rise. As of the time of writing, MEMESTRATEGY (02440) rose 7.26% to 2.66 Hong Kong dollars; YUNFENG FIN (00376) rose 5.88% to 3.78 Hong Kong dollars; IVD MEDICAL (01931) rose 5.99% to 6.72 Hong Kong dollars; BOYAA (00434) rose 5.4% to 4.1 Hong Kong dollars; SINOHOPE TECH (01611) rose 4.92% to 3.41 Hong Kong dollars. In terms of news, the cryptocurrency market has seen a strong rebound, with Bitcoin briefly surpassing $91,000. As of the time of writing, Bitcoin was at $90,913.3 per unit, up nearly 4% in the last 24 hours; Ethereum was at $3,020.77 per unit, up 2.57% in the last 24 hours. According to CME's "FedWatch," the probability of the Fed cutting interest rates by 25 basis points in December has risen to 85% as of 6:30 a.m. Beijing time on the 27th. In addition, economists at JPMorgan have changed their forecast and now believe that the Fed will begin cutting rates in December, reversing their previous prediction that policymakers would delay the rate cut until January next year.