Hong Kong Crypto Stocks Rally as Bitcoin Surpasses $70,000 Mark

Stock News

6 hours ago

Cryptocurrency-related stocks showed broad gains in Hong Kong trading. YUNFENG FIN (00376) advanced 8.72% to HK$3.24, while BOYAA (00434) rose 8.06% to HK$2.95. SINOHOPE TECH (01611) increased 7.04% to HK$2.28, and OKG TECH (01499) climbed 5.81% to HK$0.182. The rally followed Bitcoin's significant recovery, which saw the cryptocurrency surge approximately 13% from Thursday's low near $60,000 to above $70,000, marking its largest single-day rebound in nearly three years. Bitcoin nearly erased all losses from the previous session and was trading at $70,263.4 at the time of reporting, up 1.28% over the past 24 hours. TD Cowen maintained a relatively optimistic outlook for medium-term trends, with analyst Vitanza suggesting that the recent decline could ultimately pave the way for Bitcoin to reach new highs, potentially in the third quarter.

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YUNFENG FIN (00376) advanced 8.72% to HK$3.24, while BOYAA (00434) rose 8.06% to HK$2.95. SINOHOPE TECH (01611) increased 7.04% to HK$2.28, and OKG TECH (01499) climbed 5.81% to HK$0.182. The rally followed Bitcoin's significant recovery, which saw the cryptocurrency surge approximately 13% from Thursday's low near $60,000 to above $70,000, marking its largest single-day rebound in nearly three years. Bitcoin nearly erased all losses from the previous session and was trading at $70,263.4 at the time of reporting, up 1.28% over the past 24 hours. 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YUNFENG FIN (00376) advanced 8.72% to HK$3.24, while BOYAA (00434) rose 8.06% to HK$2.95. SINOHOPE TECH (01611) increased 7.04% to HK$2.28, and OKG TECH (01499) climbed 5.81% to HK$0.182. The rally followed Bitcoin's significant recovery, which saw the cryptocurrency surge approximately 13% from Thursday's low near $60,000 to above $70,000, marking its largest single-day rebound in nearly three years. Bitcoin nearly erased all losses from the previous session and was trading at $70,263.4 at the time of reporting, up 1.28% over the past 24 hours. TD Cowen maintained a relatively optimistic outlook for medium-term trends, with analyst Vitanza suggesting that the recent decline could ultimately pave the way for Bitcoin to reach new highs, potentially in the third quarter.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1526","symbol_name":"科网股","start_time":0,"source_url":"","article_id":"1165599511","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1165599511","pubTimestamp":1770603233,"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-related stocks showed broad gains in Hong Kong trading. YUNFENG FIN (00376) advanced 8.72% to HK$3.24, while BOYAA (00434) rose 8.06% to HK$2.95. 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