Understanding the Market | Cryptocurrency concept stocks collectively rise, OKG TECH up over 15%, BOYAA up over 6%

Cryptocurrency concept stocks collectively rose. As of the time of writing, OKG TECH rose 15.58% to HKD 0.445; GRANDSHORES rose 7.92% to HKD 0.109; BOYAA rose 6.08% to HKD 7.68; and New Fire Technology Holdings rose 4.5% to HKD 6.04. On the news front, on October 5th, broad risk assets rose due to the impact of the U.S. government shutdown, with Bitcoin breaking through the USD 125,000 mark, setting a new historical high. Citibank analysts stated that Bitcoin is now viewed as "digital gold," which helps explain the correlation in price movements between the two. Based on sustained investor demand, they set a target price of USD 181,000 for Bitcoin within 12 months. The head of digital asset research at Standard Chartered Bank recently reiterated its target price of USD 200,000 for Bitcoin by the end of the year