28.10.2025 20:08:27

Look Out Below: Bitcoin Mining Stock Canaan Just Dropped 16%. Here's Why.

Canaan (NASDAQ: CAN) is among the leading Bitcoin mining-related stocks and it's been hard to digest, partly due to a very volatile share price that has moved sometimes out of tandem with the core token the company mines.As the chart above shows, depending on the time frame investors are looking at, it's either good or bad news for this holding. Since yesterday's close, shares of CAN stock are down 16% as of 2:20 p.m. ET. And on a year-to-date basis, Canaan has declined 34% at the time of writing.However, over the course of the past 12 months, it's up 58%, which exemplifies just how volatile things have been for Canaan.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Kaufen Sie Kryptowährungen bequem, sicher und schnell – mit Bitpanda.
Werbung
Marktführer und offizieller Krypto-Partner des FC Bayern München mit einer Auswahl an 650+ Kryptos und mehr als 3.000 digitalen Assets. Investieren Sie jetzt – ganz ohne Ein- und Auszahlungsgebühren.