On the evening of the 18th, the Federal Reserve announced a quarter-point interest rate cut as expected; however, the "dot plot" suggests only two cuts next year. Additionally, comments from Fed Chair Powell leaned hawkish, leading to Bitcoin's price dropping below the $100,000 mark. According to Coindesk data, Bitcoin has fallen 5.44% to $99,062.11 in the past 24 hours. Ethereum also dropped 7.1%, reporting $3,596.14.
In Hong Kong, Cryptos stocks and ETFs are under pressure. BOYAA (00434.HK) is currently priced at 4.88 HKD, down 8.79%. New Fire Technology (01611.HK) is currently priced at 1.99 HKD, down 2.93%. OSL GROUP (00863.HK) is currently priced at 7.78 HKD, down 3.23%. GRANDSHORES (01647.HK) is currently priced at 0.081 HKD, down 4.71%.
China Asset Bitcoin (03042.HK) is currently priced at 12.19 HKD, down 5.21%, with a turnover of 5.7724 million shares, involving 70.9265 million HKD. Bosera Bitcoin (03008.HK) is currently priced at 76.78 HKD, down 5.07%. Jafin Bitcoin (03439.HK) is currently priced at 12.31 HKD, down 4.94%.
Bosera Ethereum (03009.HK) is currently priced at 27.68 HKD, down 6.8%. China Asset Ethereum (03046.HK) is currently priced at 8.61 HKD, down 7.17%. Jafin Ethereum (03179.HK) is currently priced at 8.695 HKD, down 6.91%.