Bitcoin and Ethereum Price Drop: Bitcoin fell below USD100,000, dropping 2.9% to USD99,203, while Ethereum decreased by 6.6% to USD3,226 amid rising risk aversion and a tech stock sell-off.
Impact on Hong Kong Cryptocurrency Stocks: Hong Kong-listed cryptocurrency stocks like BOYAA and OSL GROUP experienced significant declines, with BOYAA down 4.87% and OSL GROUP down 4.65%.
Market Sentiment Analysis: Analysts from 10x Research indicated that the cryptocurrency market has entered a bear phase, citing reduced ETF fund flows, ongoing selling by long-term holders, and low retail participation.
Future Price Predictions: The next critical support level for Bitcoin is projected to be USD93,000, as the market continues to face downward pressure.
Wall Street analysts forecast 00434 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00434 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00434 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00434 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
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0 Sell
Current: 3.920
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Current: 3.920
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.