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10x Research: Market Downtrend Continues, BTC Mining Firms and Crypto Companies Perform Poorly This Week
Summary: According to 10x Research, the crypto market remains in a downtrend due to global policy uncertainty and legislative delays, with Bitcoin prices still at low levels. Publicly listed crypto companies have performed poorly overall, with Coinbase's new products failing to offset the market's weakness. Strategy's stock price remains weak despite ARK Invest increasing its holdings ...
According to 10x Research, the crypto market remains in a downtrend due to global policy uncertainty and legislative delays, with Bitcoin prices still at low levels. Publicly listed crypto companies have performed poorly overall, with Coinbase's new products failing to offset the market's weakness. Strategy's stock price remains weak despite ARK Invest increasing its holdings in BitMine. In the Bitcoin mining sector, Bitdeer faces collective lawsuits, CleanSpark's profits are below expectations and facing insider selling, Iren's stock price is affected by a neutral rating, and TeraWulf's stock price has dropped despite completing a large financing round due to equity dilution.
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Link: 10x Research: Market Downtrend Continues, BTC Mining Firms and Crypto Companies Perform Poorly This Week [Copy]
