Stock Track | Canaan Inc. Plummets 11.28% as Bitcoin Slips to $95,000

Stock Track01-08 23:02

Canaan Inc., a leading provider of high-performance computing solutions, saw its stock price plummet 11.28% on Wednesday, following the broader downtrend in the cryptocurrency market.

The decline in Canaan's stock price was directly linked to the drop in Bitcoin's value, which fell to $95,000, registering a 24-hour decline of 1.8%. As a company heavily involved in the crypto mining industry, Canaan's fortunes are closely tied to the performance of major cryptocurrencies like Bitcoin.

The cryptocurrency market as a whole experienced a selloff on Wednesday, with other crypto-related stocks such as Riot Platforms, Iris Energy, MARA Holdings, MicroStrategy, and Coinbase also witnessing significant declines in their share prices.

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Plummets 11.28% as Bitcoin Slips to $95,000\n</h2>\n\n<h4 class=\"meta\">\n\n2025-01-08 23:02 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Canaan Inc., a leading provider of high-performance computing solutions, saw its stock price plummet 11.28% on Wednesday, following the broader downtrend in the cryptocurrency market.\nThe decline in ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\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":"1121322000","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121322000","pubTimestamp":1736348554,"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 provider of high-performance computing solutions, saw its stock price plummet 11.28% on Wednesday, following the broader downtrend in the cryptocurrency market.The decline in Canaan's stock price was directly linked to the drop in Bitcoin's value, which fell to $95,000, registering a 24-hour decline of 1.8%. 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