Bitcoin concept stocks were collectively lower. As of press release, Meitu (01357) fell 4.95% to HK$2.88; Ouke Cloud Chain (01499) fell 3.7% to HK$0.26; OSL Group (00863) fell 3.13% to HK$9.3; and Blue Port Interactive (08267) fell 1.54% to HK$0.64.
The Zhitong Finance App learned that Bitcoin concept stocks were collectively lower. As of press release, Meitu (01357) fell 4.95% to HK$2.88; Oke Cloud Chain (01499) fell 3.7% to HK$0.26; OSL Group (00863) fell 3.13% to HK$9.3; and Blue Port Interactive (08267) fell 1.54% to HK$0.64.
According to news, earlier on Wednesday, the price of Bitcoin plummeted to 59,900 US dollars, the lowest price since March; Ether also fell below 3,000 US dollars during the same period, reaching 2.5% within 24 hours. According to Glassnode data, Bitcoin has fallen more than 15% from its latest all-time high, while some altcoins have fallen 40% to 50% from recent highs.
Furthermore, Bitcoin's most recent halving is expected to take place around April 20. The head of the Crypto.com exchange said that as the so-called halving date approaches, the Bitcoin sell-off may become apparent, but in the long run, this event will support the price of this largest digital asset. J.P. Morgan Chase and Deutsche Bank believe that the positive impact of Bitcoin's upcoming “halving” of software updates every four years is already largely reflected in the price.