Bitdeer Technologies Group (BTDR) saw its stock price plummet 5.02% during intraday trading on Tuesday, failing to sustain the premarket momentum seen in the crypto sector.
Shares of the cryptocurrency mining company had initially soared over 6% in premarket trading, riding the wave of a broader crypto rally that pushed Bitcoin past the $95,000 level briefly. However, the enthusiasm was short-lived as the regular trading session commenced.
With no major company-specific news released, the intraday plunge for BTDR aligns with the volatile nature of the cryptocurrency market, where sentiment and prices can shift rapidly. The crypto mining sector remains sensitive to fluctuations in digital asset prices and mining profitability.
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