Stock Track | Canaan Inc. Plunges 6.67% in Pre-Market as Crypto Selloff Weighs on Bitcoin Mining Stocks

Stock Track

Dec 26, 2024

Canaan Inc. (CAN), a leading cryptocurrency mining hardware manufacturer, saw its stock plunge by 6.67% in pre-market trading on Thursday, as the broader cryptocurrency market experienced a selloff. The company's shares were caught in the downdraft of a decline in Bitcoin prices, which fell below $96,000 during the session.

Bitcoin, the world's largest cryptocurrency by market capitalization, faced renewed selling pressure on Thursday, dropping 2.48% to trade around $95,562. The decline in the flagship digital asset weighed heavily on cryptocurrency-related stocks, as investors grew cautious about the near-term prospects of the sector.

Other prominent crypto stocks also suffered losses in the pre-market session. MicroStrategy (MSTR), a business intelligence firm known for its substantial Bitcoin holdings, saw its shares fall over 4%. MARA Holdings (MARA), a cryptocurrency mining company, experienced a similar decline, with its stock sinking more than 3% in early trading.

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(CAN), a leading cryptocurrency mining hardware manufacturer, saw its stock plunge by 6.67% in pre-market trading on Thursday, as the broader cryptocurrency market experienced a selloff. The company's shares were caught in the downdraft of a decline in Bitcoin prices, which fell below $96,000 during the session.</p>\n\n<p>Bitcoin, the world's largest cryptocurrency by market capitalization, faced renewed selling pressure on Thursday, dropping 2.48% to trade around $95,562. The decline in the flagship digital asset weighed heavily on cryptocurrency-related stocks, as investors grew cautious about the near-term prospects of the sector.</p>\n\n<p>Other prominent crypto stocks also suffered losses in the pre-market session. MicroStrategy (MSTR), a business intelligence firm known for its substantial Bitcoin holdings, saw its shares fall over 4%. 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Plunges 6.67% in Pre-Market as Crypto Selloff Weighs on Bitcoin Mining Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-12-26 17:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Canaan Inc. (CAN), a leading cryptocurrency mining hardware manufacturer, saw its stock plunge by 6.67% in pre-market trading on Thursday, as the broader cryptocurrency market experienced a selloff. The company's shares were caught in the downdraft of a decline in Bitcoin prices, which fell below $96,000 during the session.</p>\n\n<p>Bitcoin, the world's largest cryptocurrency by market capitalization, faced renewed selling pressure on Thursday, dropping 2.48% to trade around $95,562. The decline in the flagship digital asset weighed heavily on cryptocurrency-related stocks, as investors grew cautious about the near-term prospects of the sector.</p>\n\n<p>Other prominent crypto stocks also suffered losses in the pre-market session. MicroStrategy (MSTR), a business intelligence firm known for its substantial Bitcoin holdings, saw its shares fall over 4%. MARA Holdings (MARA), a cryptocurrency mining company, experienced a similar decline, with its stock sinking more than 3% in early trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CAN","symbol_name":"嘉楠科技","start_time":0,"source_url":"","article_id":"1153969196","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1153969196","pubTimestamp":1735205298,"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":"Canaan Inc. , a leading cryptocurrency mining hardware manufacturer, saw its stock plunge by 6.67% in pre-market trading on Thursday, as the broader cryptocurrency market experienced a selloff. 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