HK Stock Market Move | BOYAA (00434) rises over 4%; Bitcoin briefly breaks above $86,000; Citi sees target price as high as $113,000.

BOYAA (00434) rose over 4%, up 4.68% as of press time, at HK$3.245, with a turnover of HK$5.4275 million. On the news front, mainstream cryptocurrencies gained, with Bitcoin briefly breaking above $86,000 during the day. Coinglass data shows that approximately $136 million in contracts were liquidated across the network over the past 24 hours, of which $122 million were short positions, accounting for nearly 90%. Citi raised its 12-month target price for Bitcoin to $113,000, based on ETF capital inflows and improving macroeconomic conditions. Previously, on September 21, BOYAA announced that as of that date, the group held approximately 4,468 Bitcoins, with an average cost of approximately $68,543 per coin.