Bitcoin concept stocks generally rose. As of press release, Xiongan Technology (01647) rose 7.46% to HK$0.072; Xinhuo Technology Holdings (01611) rose 5.56% to HK$2.85; and OSL Group (00863) rose 5% to HK$10.08.
The Zhitong Finance App learned that Bitcoin concept stocks generally rose. As of press release, Xiongan Technology (01647) rose 7.46% to HK$0.072; Xinhuo Technology Holdings (01611) rose 5.56% to HK$2.85; OSL Group (00863) rose 5% to HK$10.08; and Meitu (01357) rose 2.74% to HK$3.
According to the news, Bitcoin surpassed 66,000 US dollars/coin in the short term on Monday, the first time since April 15. At 8:09 on April 20, Bitcoin successfully halved for the fourth time at a block height of 840,000. The Bitcoin network's mining rewards were halved from 6.25 BTC to 3.125 BTC. The last halving occurred on May 11, 2020.
J.P. Morgan analysts believe that Bitcoin is expected to be under pressure in the short term due to excessive market purchases. Nansen research analysts said that Bitcoin's return on price is generally higher after being halved. Within 250 days after halving, its return is five to six times that of other years. The analyst believes that currently, the macroeconomic situation in the US is forcing risk assets, including cryptocurrencies, to adjust, but Bitcoin's upward trend remains unchanged.