HK Stock Market News | Bitcoin concept stocks collectively decline as Bitcoin price continues to fall, breaking below $65,000 during today's trading session

Concept stocks related to Bitcoin collectively fell. As of the time of publication, BOYAA fell by 6.31% to HKD 1.93; MEITU fell by 3.6% to HKD 3.48; OSL Group fell by 2.88% to HKD 7.77; GRANDSHORES fell by 1.18% to HKD 0.084. On the news front, the price of Bitcoin has been steadily rising over the past few months, hitting a new high of $73,881.3 on March 14th. In the following days, the price of Bitcoin continued to decline, with the intraday price falling below $65,000 today, currently at $64,956, down nearly 4% intraday. It is reported that J.P. Morgan once released a report in February pointing out that the highly anticipated Bitcoin halving event will occur in April, which may have a serious negative impact on the profitability of Bitcoin miners. The report warned that the price of Bitcoin could plummet to $42,000 per coin, with a potential downside of over 36% from the current price. In addition, the Bank of Japan raised interest rates for the first time since 2007, signaling the end of the era of negative interest rates