HK Stock Market Move | Bitcoin breaks through $72,000, OKG TECH (01499) rises more than 17%, and BOYAA (00434) rises more than 10%.
Cryptocurrency concept stocks have all rebounded. As of press time, Euro Tech Cloud Chain (01499) rose by 17.29% to HK$0.177; Gold Rush Investment (01328) rose by 12.28% to HK$3.2.
Concept stocks of cryptocurrencies across the board rebounded, as of the time of writing, OKG TECH (01499) rose by 17.29%, reaching 0.177 Hong Kong dollars; GOLDSTREAM INV (01328) rose by 12.28%, reaching 3.2 Hong Kong dollars; BOYAA (00434) rose by 10.62%, reaching 3.02 Hong Kong dollars; SINOHOPE TECH (01611) rose by 6.31%, reaching 2.36 Hong Kong dollars.
On the news front, the cryptocurrency market had a significant rally, with Bitcoin breaking through $72,000, and Ethereum, Dogecoin, and others surging. Market maker Enflux stated that this cryptocurrency rebound seems to be driven more by position adjustments rather than a firm belief, mainly reflecting short covering after bearish sentiment among traders triggered by geopolitical news. In addition, it was reported that President Trump of the United States stated that the "GENIUS Act," which provides a regulatory framework for stablecoin issuance, is being threatened and weakened by the banking industry, and he urged Congress to expedite the enactment of legislation to regulate the cryptocurrency market structure.
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