BTC companies and encryption enterprises performed weakly this week, and the market did not reverse its sluggishness.
According to HashKey News, 10x Research has released this week's encryption market briefing. Due to global policy uncertainty and legislative delays, the price of BTC remains low, and the market's bearish trend has yet to be reversed. The overall performance of cryptocurrency listed companies is poor; the launch of Coinbase's new products has failed to offset the overall weakness in the market, and Strategy's stock price remains sluggish. Despite ARK Invest increasing its stake in BitMine, it has not boosted its stock price. In terms of BTC mining companies, Bitdeer is facing pressure from a class-action lawsuit, CleanSpark's earnings fell short of expectations and are facing insider sell-offs, while Iren has been sold off due to a neutral rating. Although TeraWulf completed a large financing, its stock price still declined due to equity dilution.
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BTC companies and encryption enterprises performed weakly this week, and the market did not reverse its sluggishness.
According to HashKey News, 10x Research has released this week's encryption market briefing. Due to global policy uncertainty and legislative delays, the price of BTC remains low, and the market's bearish trend has yet to be reversed. The overall performance of cryptocurrency listed companies is poor; the launch of Coinbase's new products has failed to offset the overall weakness in the market, and Strategy's stock price remains sluggish. Despite ARK Invest increasing its stake in BitMine, it has not boosted its stock price. In terms of BTC mining companies, Bitdeer is facing pressure from a class-action lawsuit, CleanSpark's earnings fell short of expectations and are facing insider sell-offs, while Iren has been sold off due to a neutral rating. Although TeraWulf completed a large financing, its stock price still declined due to equity dilution.
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