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Bitcoin Falls Through US$100K Mark; BOYAA Shrinks ~9%
Recommend 11 Positive 14 Negative 4 |
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The Fed announced a 25 bps interest rate cut overnight (18th), as expected, but the bitmap shows only two rate cuts next year, coupled with the hawkish comments of Fed Chairman Jerome Powell, causing the Bitcoin price to fall through the US$100,000 mark. Bitcoin descended 5.44% to US$99,062.11 in the past 24 hours, according to Coindesk's data. Ether also stumbled 7.1% to US$3,596.14. Hong Kong cryptocurrency concept stocks and ETF were under pressure. BOYAA (00434.HK) last eroded 8.79% to $4.88, while SINOHOPE TECH (01611.HK) faded 2.93% to last at $1.99. OSL GROUP (00863.HK) last cratered 3.23% to $7.78, while GRANDSHORES (01647.HK) last printed at $0.081, down 4.71%. AAStocks Financial News |
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