Hong Kong Stock Market News | Xiongan Technology fell more than 8%, leading the decline in Bitcoin concept stocks. The price of Bitcoin once fell below $66,000
Concept stocks related to Bitcoin fell across the board today. As of the time of publication, Xiongan Technology fell by 8.11% to HKD 0.068; OSL Group fell by 5.53% to HKD 8.03; Blueport Interactive fell by 4.11% to HKD 0.7; Meitu Company fell by 1.52% to HKD 3.23. On the news front, on the morning of April 2nd, the virtual currency market suddenly crashed, with the price of Bitcoin briefly falling below the $66,000 mark, a drop of over 6%. Ethereum's price also dropped below $3,400, a decrease of over 7%. It is worth noting that according to HODL15Capital monitoring, on April 1st, Bitcoin spot ETF saw a net outflow of $88 million, with GBTC seeing a net outflow of $303 million. In addition, a recent report by JP Morgan pointed out that the Bitcoin "halving" event is coming in April, which may have a serious negative impact on the profitability of Bitcoin miners. The report warned that the price of Bitcoin could plummet to $42,000 per coin, representing a potential downside of over 36% from the current price
According to the Wise Finance APP, concept stocks related to Bitcoin experienced a general decline today. As of the time of writing, Xiongan Technology (01647) fell by 8.11% to HKD 0.068; OSL Group (00863) fell by 5.53% to HKD 8.03; Blueport Interactive (08267) fell by 4.11% to HKD 0.7; and Meitu Inc. (01357) fell by 1.52% to HKD 3.23.
On the news front, on the morning of April 2nd, the virtual currency market suddenly plummeted, with the price of Bitcoin briefly falling below the $66,000 mark, a drop of over 6%. Ethereum's price also dropped below $3,400, a decrease of over 7%. It is worth noting that according to HODL15Capital monitoring, on April 1st, Bitcoin spot ETFs saw a net outflow of $88 million, with GBTC experiencing a net outflow of $303 million.
Furthermore, a recent report from JP Morgan pointed out that the Bitcoin "halving" event is approaching in April, which may have a serious negative impact on the profitability of Bitcoin miners. The report warned that the price of Bitcoin could plummet to $42,000 per coin, representing a potential downside of over 36% from the current price