The Hong Kong Hang Seng Technology Index broke through the high point on October 7 last year, setting a new high since February 2022. It has risen by more than 21% this year.
Bitcoin prices climbed to a 40-day high of $68,518 on July 22, a gain of 19.4% in 10 days. The main drivers include increased investor confidence in the US Federal Reserve interest rate cut in 2024, the German government stopping the bitcoin sell-off, and an improved attitude towards cryptocurrency regulation in the United States. Bitcoin futures premiums reached a five-week high, indicating a cautiously optimistic market mood. US President Joe Biden announced that he would not run for re-electi...