Cryptocurrency Plunge Impacts Related Stocks

5 days ago

Cryptocurrency prices have significantly dropped, impacting related stocks in the U.S. market. Earlyworks saw a decline of over 6%, while SOS Ltd and Abits both fell by more than 5%. Canaan Inc. (CAN, Financial) experienced a decrease of over 4%. Bitcoin's value fell below $93,000, currently trading at $92,972.80, marking a 7.65% drop within the day. Ethereum's price plunged by over 13%, and Dogecoin plummeted 23%. The Federal Reserve's hawkish signals have prompted traders to sell off Bitcoin, contributing to the overall market downturn.

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