Stock Track | Canaan Inc. Soars 5.33% on Thursday as Bitcoin Rallies Above $99,000

Stock Track

Dec 27, 2024

Canaan Inc. (CAN), a leading cryptocurrency mining company, saw its stock surge 5.33% during intraday trading on Thursday, following Bitcoin's rally that briefly pushed the world's largest cryptocurrency above $99,000 overnight.

The price of Bitcoin reached a peak of $99,900 before pulling back, but remained above the psychologically important $98,000 level during the session. As the crypto market gained traction, crypto-related stocks like Canaan Inc. benefited from the positive sentiment.

Canaan's stock movement mirrored the gains seen in other crypto mining and blockchain technology companies, such as Bakkt Holdings (BKKT) and Bitfarms (BITF), which also reported gains of up to 5% in overnight trading. The surge in crypto stocks underscores the close correlation between their performance and the broader cryptocurrency market trends.

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(CAN), a leading cryptocurrency mining company, saw its stock surge 5.33% during intraday trading on Thursday, following Bitcoin's rally that briefly pushed the world's largest cryptocurrency above $99,000 overnight.</p>\n\n<p>The price of Bitcoin reached a peak of $99,900 before pulling back, but remained above the psychologically important $98,000 level during the session. As the crypto market gained traction, crypto-related stocks like Canaan Inc. benefited from the positive sentiment.</p>\n\n<p>Canaan's stock movement mirrored the gains seen in other crypto mining and blockchain technology companies, such as Bakkt Holdings (BKKT) and Bitfarms (BITF), which also reported gains of up to 5% in overnight trading. 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Soars 5.33% on Thursday as Bitcoin Rallies Above $99,000\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\">2024-12-27 00:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Canaan Inc. (CAN), a leading cryptocurrency mining company, saw its stock surge 5.33% during intraday trading on Thursday, following Bitcoin's rally that briefly pushed the world's largest cryptocurrency above $99,000 overnight.</p>\n\n<p>The price of Bitcoin reached a peak of $99,900 before pulling back, but remained above the psychologically important $98,000 level during the session. As the crypto market gained traction, crypto-related stocks like Canaan Inc. benefited from the positive sentiment.</p>\n\n<p>Canaan's stock movement mirrored the gains seen in other crypto mining and blockchain technology companies, such as Bakkt Holdings (BKKT) and Bitfarms (BITF), which also reported gains of up to 5% in overnight trading. The surge in crypto stocks underscores the close correlation between their performance and the broader cryptocurrency market trends.</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":"1185041299","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185041299","pubTimestamp":1735229679,"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 company, saw its stock surge 5.33% during intraday trading on Thursday, following Bitcoin's rally that briefly pushed the world's largest cryptocurrency above $99,000 overnight.The price of Bitcoin reached a peak of $99,900 before pulling back, but remained above the psychologically important $98,000 level during the session. 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