Bitcoin concept stocks collectively declined. As of press release, Liberal Arts Interactive (00434) fell 6.31% to HK$1.93; Meitu (01357) fell 3.6% to HK$3.48; OSL Group (00863) fell 2.88% to HK$7.77; and Xiongan Technology (01647) fell 1.18% to HK$0.084.
The Zhitong Finance App learned that Bitcoin concept stocks fell collectively. As of press release, Liberal Arts Interactive (00434) fell 6.31% to HK$1.93; Meitu (01357) fell 3.6% to HK$3.48; OSL Group (00863) fell 2.88% to HK$7.77; and Xiongan Technology (01647) fell 1.18% to HK$0.084.
According to the news, the price of Bitcoin has continued to rise over the past few months and hit a new high of $7,3881.3 on March 14. Since then, the price of Bitcoin has continued to decline over the next few days. Today, the intraday price of Bitcoin fell below 65,000 US dollars and is currently reported at 6,4956 US dollars, down nearly 4% during the day.
According to reports, J.P. Morgan Chase released a report in February stating that the much-anticipated Bitcoin halving event will arrive in April, which may have a serious negative impact on the profitability of Bitcoin miners. The report warns that the price of Bitcoin may plummet to 42,000 US dollars/unit as a result, more than 36% of the potential drop in the current price. Furthermore, the Bank of Japan raised interest rates for the first time since 2007, ending the era of negative interest rates.