Bitcoin-related stocks staged a collective rebound. At the time of writing, OKG Technology (01499) rose 5.24% to HK$0.201, Boyaa Interactive (00434) gained 4.66% to HK$3.82, Emperor Securities & Financial (01428) climbed 4.64% to HK$7.22, and Yunfeng Financial (00376) advanced 4.39% to HK$3.57.

The cryptocurrency market has seen heightened volatility recently. After weeks of steep declines, Bitcoin surged past $87,000 on Monday. However, the current price remains over 30% below its October peak of $126,000.

Market expectations for rate cuts shifted after New York Fed President John Williams hinted at further easing in December. Traders now assign a 70% probability of a Fed rate cut next month. Goldman Sachs noted that growth concerns may be overstated, liquidity conditions could improve, and AI productivity themes are gaining traction in client discussions. Many investors view high-beta assets like Bitcoin as a gauge of risk appetite, suggesting that a sustained BTC recovery could reignite a year-end rally in U.S. equities.