Shares of crypto-related stocks are trading lower amid possible profit taking following a surge on Thursday. Crypto stocks rose Thursday after a US judge ruled Ripple sales do not constitute an offer of investment contracts.
Portfolio Pulse from Benzinga Newsdesk
Crypto-related stocks are trading lower due to potential profit taking after a surge on Thursday. This surge was triggered by a US judge ruling that Ripple sales do not constitute an offer of investment contracts.
July 14, 2023 | 6:25 pm
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NEGATIVE IMPACT
Shares of Canaan Inc. are trading lower following a surge in crypto stocks on Thursday.
Canaan Inc., being a crypto-related stock, is likely to be affected by the overall movement in the crypto market. The profit-taking behavior observed in the market could lead to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
CleanSpark Inc. shares are trading lower following a surge in crypto stocks on Thursday.
CleanSpark Inc., being a crypto-related stock, is likely to be affected by the overall movement in the crypto market. The profit-taking behavior observed in the market could lead to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Mawson Infrastructure Group Inc. shares are trading lower following a surge in crypto stocks on Thursday.
Mawson Infrastructure Group Inc., being a crypto-related stock, is likely to be affected by the overall movement in the crypto market. The profit-taking behavior observed in the market could lead to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEGATIVE IMPACT
Stronghold Digital Mining Inc. shares are trading lower following a surge in crypto stocks on Thursday.
Stronghold Digital Mining Inc., being a crypto-related stock, is likely to be affected by the overall movement in the crypto market. The profit-taking behavior observed in the market could lead to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75