Hong Kong Stock Concept Tracking | Bitcoin Returns to the $100,000 Mark to Benefit Coin Holders (with concept stocks)

The Zhitong Finance App learned that on Thursday, Bitcoin returned above $100,000, breaking through this psychological threshold for the first time since February of this year. Analysts said that this reflects an overall recovery in investors' demand for risky assets. At the same time, US stocks also continued to rebound from April lows, and market risk appetite has increased markedly.

The governors of Arizona and New Hampshire in the United States signed separate laws allowing the establishment of state-level Bitcoin reserves.

Although Bitcoin hasn't actually been purchased yet, this is enough to inspire optimism among investors. Alexander Blume, CEO of crypto investment consulting firm Two Prime, said: “This news strengthens the market's confidence that crypto assets will be accepted by the government.”

From a technical perspective, “Sevens Report” co-editor and technical analyst Tyler Richey pointed out that the key resistance range currently facing Bitcoin is between $101,500 and $106,500. If Bitcoin closes above $101,000 on Thursday, it is expected to once again challenge the all-time high of $109,225 set in January.

Bitcoin-related concepts Hong Kong stocks:

Liberal Arts Interactive (00434): According to Liberal Arts Interactive's previous announcement, on February 28 this year, the group further increased its Bitcoin (BTC) holdings and purchased about 100 bitcoins for about 7.95 million US dollars, at a purchase cost of about 79,495 US dollars each. After this purchase was completed, the group held a total of about 3,350 bitcoins at an average cost of about 58,627 US dollars each as of the announcement date.