TechFlow, December 21 — 10x Research released its weekly crypto market recap today, noting that Bitcoin prices remain low and the bearish market trend has not reversed due to global policy uncertainty, legislative delays, and other factors. The stock performance of cryptocurrency-related public companies remains weak overall. Coinbase's new product launch failed to offset the broader market weakness. Strategy's stock continues to underperform, and despite ARK Invest increasing its stake in BitMine, the move has not boosted BitMine’s share price. Among Bitcoin mining firms, Bitdeer faces pressure from class-action lawsuits; CleanSpark missed earnings expectations and is dealing with insider selling; Iren suffered a stock decline after receiving a neutral rating; and although TeraWulf secured significant financing, its shares fell due to equity dilution.
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