Hong Kong stock market anomaly | Bitcoin concept stocks show strength as Bitcoin price breaks through $57,000. Bitcoin spot ETF was previously approved in the United States.

Bitcoin concept stocks performed strongly today. As of the time of writing, OSL Group rose by 18.79% to HKD 9.61, GRANDSHORES rose by 9.41% to HKD 0.093, MEITU rose by 4.51% to HKD 2.55, and New Fire Technology Holdings rose by 3.44% to HKD 3.31. On the news front, Bitcoin spot prices briefly broke through $57,000 today, rising over 8% intraday, hitting a new high since December 2021. In addition, Tom Lee, Managing Partner of Fundstrat Global Advisors, made an aggressive prediction on the trend of Bitcoin, suggesting that by the end of this year, the cryptocurrency could climb to $150,000. Furthermore, on January 10, the U.S. Securities and Exchange Commission (SEC) approved 11 Bitcoin spot ETFs, leading to a price increase of over 10% in Bitcoin. At the same time, Bitcoin ETF trading volumes hit a record high. On February 20, industry insiders stated that the trading volume of 9 Bitcoin spot ETFs approached $2 billion, marking the highest level since the first day of trading on January 11.