Hong Kong Stocks Movement | Crypto-Related Shares Extend Declines: OKG TECH (01499) Drops Over 8%, BOYAA (00434) Falls Nearly 4%

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Crypto-related stocks continued their downward trend. As of press time, OKG TECH (01499) fell 8.68% to HK$0.221, OSL GROUP (00863) dropped 5.08% to HK$15.15, and BOYAA (00434) declined 3.85% to HK$4.25.

The sell-off followed Bitcoin's sharp drop early on November 17, briefly falling below the $93,000 mark and erasing more than 30% of its gains since the beginning of the year. Market analysts attribute the sustained downturn in the cryptocurrency market to capital outflows, signaling a potential period of heightened vulnerability.

Patrick Munnelly of Tickmill Group noted that major investment funds, ETF investors, and corporate treasuries have withdrawn from Bitcoin, removing a "key pillar supporting this year's rally" and ushering in a "new phase of market fragility."

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Market analysts attribute the sustained downturn in the cryptocurrency market to capital outflows, signaling a potential period of heightened vulnerability.</p>\n<p>Patrick Munnelly of Tickmill Group noted that major investment funds, ETF investors, and corporate treasuries have withdrawn from Bitcoin, removing a \"key pillar supporting this year's rally\" and ushering in a \"new phase of market fragility.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"","article_id":"1158838506","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158838506","pubTimestamp":1763360311,"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":"Crypto-related stocks continued their downward trend. 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