Stock Track | CleanSpark Plummets 5.12% as Crypto Stocks Tumble on Fed Outlook and Quantum Computing Fears

Stock Track

Dec 23, 2024

CleanSpark, Inc. (CLSK), a leading bitcoin mining company, saw its stock plummet 5.12% in the pre-market session on Monday, as the broader crypto sector experienced a sell-off.

The decline in crypto stocks like CleanSpark was driven by multiple factors. Firstly, the Federal Reserve's cautious policy outlook tempered optimism over President-elect Donald Trump's embrace of the crypto sector, leading to a weekly decline in Bitcoin and other cryptocurrencies.

Additionally, concerns over the potential long-term threat of quantum computing to the security of cryptocurrencies like Bitcoin weighed on investor sentiment. If quantum computers become powerful enough, they could potentially break the encryption that keeps cryptocurrencies secure, allowing for theft and undermining confidence in the entire crypto ecosystem.

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(CLSK), a leading bitcoin mining company, saw its stock plummet 5.12% in the pre-market session on Monday, as the broader crypto sector experienced a sell-off.</p>\n\n<p>The decline in crypto stocks like CleanSpark was driven by multiple factors. Firstly, the Federal Reserve's cautious policy outlook tempered optimism over President-elect Donald Trump's embrace of the crypto sector, leading to a weekly decline in Bitcoin and other cryptocurrencies.</p>\n\n<p>Additionally, concerns over the potential long-term threat of quantum computing to the security of cryptocurrencies like Bitcoin weighed on investor sentiment. If quantum computers become powerful enough, they could potentially break the encryption that keeps cryptocurrencies secure, allowing for theft and undermining confidence in the entire crypto ecosystem.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLSK","symbol_name":"CleanSpark, Inc.","start_time":0,"source_url":"","article_id":"1137837086","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1137837086","pubTimestamp":1734966508,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"CleanSpark, Inc. , a leading bitcoin mining company, saw its stock plummet 5.12% in the pre-market session on Monday, as the broader crypto sector experienced a sell-off.The decline in crypto stocks like CleanSpark was driven by multiple factors. 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