Bitcoin reaches a new high of $125,600 and the regulatory framework for virtual assets improves, making it one of Hong Kong's top ten financial news stories for 2025

Hong Kong Wen Wei Po announced the "Top Ten Financial News in Hong Kong 2025," among which "The development of the digital economy and the improvement of the virtual asset regulatory framework" ranked third, and "Cryptocurrency speculation drives Bitcoin to a new high of $125,600" ranked eighth. Other financial news on the list includes: DeepSeek helping MPF participants earn over $40,000, Labubu's globally popular new consumer stocks creating legends, and the economy accelerating, prompting Hong Kong to raise its full-year GDP growth forecast.

Analysis indicates that this year has absolutely been a year of explosive growth for Bitcoin and other cryptocurrencies. Trump's high-profile support for Bitcoin led to a surge at the beginning of the year, with multiple historical highs being set. However, it has since retraced and once fell to around $85,000, a decline of over 30% from its peak.