- Cryptocurrency-related stocks have strengthened, with New Fire Technology Holdings rising 22% to 7.93 HKD, OK Blockchain increasing 12.07% to 0.65 HKD, and Blueport Interactive up 11.59% to 0.77 HKD.
- On August 14, Bitcoin briefly surpassed 124,000 USD, reaching a new historical high, while Ethereum rose to 4,735 USD, gaining over 3% in the past 24 hours.
- Analysts suggest that the recent surge in cryptocurrencies is linked to weakening confidence in the US dollar, influenced by declining inflation expectations and rising predictions of Federal Reserve interest rate cuts.
