Crypto-Related Stocks Plunge Across the Board in Hong Kong Market

Stock News

03/02

Cryptocurrency-themed equities experienced a broad decline in Hong Kong trading. At the time of writing, STARCOIN GROUP (00399) dropped 16.92% to HK$0.216. GOLDSTREAM INV (01328) fell 10.63% to HK$2.86. HASHKEY HLDGS (03887) declined 7.11% to HK$6.27. OKG TECH (01499) decreased 4.62% to HK$0.165. Market sentiment was influenced by Bitcoin's volatile movements over the weekend. Following joint U.S.-Israel military strikes against Iran on Saturday, Bitcoin initially plunged sharply, dropping over $1,000, before rebounding from around $63,000 to as high as $68,000. The cryptocurrency is currently trading near $66,000. Hayden Hughes, Managing Partner at investment firm Tokenize Capital, noted that genuine price discovery for Bitcoin would only occur after U.S. stock markets and Bitcoin ETFs open on Monday. Meanwhile, Markus Thielen, Head of Research at 10x Research, indicated that traders generally believe the Iran conflict will not lead to significant negative economic impacts, and demand for Bitcoin has noticeably increased in recent days.

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At the time of writing, STARCOIN GROUP (00399) dropped 16.92% to HK$0.216. GOLDSTREAM INV (01328) fell 10.63% to HK$2.86. HASHKEY HLDGS (03887) declined 7.11% to HK$6.27. OKG TECH (01499) decreased 4.62% to HK$0.165. Market sentiment was influenced by Bitcoin's volatile movements over the weekend. Following joint U.S.-Israel military strikes against Iran on Saturday, Bitcoin initially plunged sharply, dropping over $1,000, before rebounding from around $63,000 to as high as $68,000. The cryptocurrency is currently trading near $66,000. Hayden Hughes, Managing Partner at investment firm Tokenize Capital, noted that genuine price discovery for Bitcoin would only occur after U.S. stock markets and Bitcoin ETFs open on Monday. Meanwhile, Markus Thielen, Head of Research at 10x Research, indicated that traders generally believe the Iran conflict will not lead to significant negative economic impacts, and demand for Bitcoin has noticeably increased in recent days.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1156","symbol_name":"資產管理與託管銀行","start_time":0,"source_url":"","article_id":"1192456866","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192456866","pubTimestamp":1772433986,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Cryptocurrency-themed equities experienced a broad decline in Hong Kong trading. At the time of writing, STARCOIN GROUP (00399) dropped 16.92% to HK$0.216. 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