Boya Interactive Shares Soar as Cryptocurrency Market Sees Gains

Boyaa Interactive (00434) shares rose more than 4% in trading on Tuesday, reaching HK$3.245 by press time. The company's turnover for the day was a substantial HK$5.4275 million.

The increase in Boyaa Interactive's stock price comes as the broader market sees gains. Mainstream cryptocurrencies, including Bitcoin, rose in value, with BTC briefly breaking through $86,000 during trading hours.

According to Coinglass data, over the past 24 hours, approximately $136 million in contracts across the network were liquidated, with short positions accounting for nearly 90 percent of the total. Citi has raised its 12-month price target for Bitcoin to $113,000 due to ETF capital inflows and an improving macro environment.