10x Research: The market downturn has not yet reversed, with BTC mining companies and crypto firms underperforming this week
According to Odaily, 10x Research released a weekly review of the crypto market, pointing out that due to global policy uncertainty and legislative delays, the price of bitcoin remains at a low level, and the market downturn has yet to be reversed. The overall performance of publicly listed cryptocurrency companies has been poor, and the launch of new products by certain exchanges has failed to offset the overall market weakness. Strategy's stock price continues to underperform, and although ARK Invest increased its holdings in BitMine, it has not boosted its stock price. Among bitcoin mining companies, Bitdeer is facing class action pressure, CleanSpark's earnings fell short of expectations and it is facing insider selling, Iren suffered a neutral rating and its stock price was hit, and although TeraWulf completed a large financing round, its stock price still declined due to equity dilution.
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