According to the Zhitong Finance APP, the Bitcoin concept is declining. As of press time, Grandshores (01647) fell 3.61% to HKD 0.08; OSL Group (00863) fell 3.33% to HKD 5.8; Linekong Interactive (08267) fell 2.78% to HKD 0.35.
On Wednesday, Bitcoin once fell below the $60,000 mark, and Ethereum fell below the $3,300 mark. In addition, data shows that after several days of net inflows, spot Bitcoin ETF experienced a net outflow of $13.6 million on July 2, exacerbating negative market sentiment.
BlackRock previously warned that an unprecedented situation is unfolding that could hit Bitcoin prices and the cryptocurrency market. BlackRock analysts said that central banks around the world are forced to keep interest rates higher than pre-pandemic levels to deal with persistent inflationary pressures. Due to supply constraints, the new macroeconomic regime is characterized by rising inflation rates, rising interest rates, and slowing growth, and this chaotic situation will persist for a long time.