Stock Track | Canaan Inc. Plunges 6.15% as Crypto Stocks Tumble Amid Bitcoin and Ethereum Price Drops

Stock Track

Nov 04

Canaan Inc. (CAN) experienced a significant 24-hour plunge of 6.15% on Tuesday, as the cryptocurrency market faced downward pressure. The decline in Canaan's stock price aligns with a broader trend affecting various crypto-related stocks during the trading session.

The catalyst for this market-wide downturn appears to be the sharp decrease in major cryptocurrency prices. Bitcoin, the leading digital currency, fell below the $105,000 mark, settling at $104,989. Simultaneously, Ethereum, the second-largest cryptocurrency by market capitalization, dropped to $3,530. These price movements in the crypto market have had a ripple effect on stocks of companies closely tied to the cryptocurrency industry.

Canaan, known for manufacturing cryptocurrency mining equipment, was not alone in its decline. Other crypto-related stocks also saw significant drops, with Cipher Mining falling 7%, TeraWulf down 6%, and companies like BTBT, SBET, and IREN experiencing declines ranging from 3% to 5%. This sector-wide downturn underscores the strong correlation between cryptocurrency prices and the performance of related stocks, highlighting the volatile nature of the crypto-linked equity market.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/1173567031"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1173567031\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1173567031?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-04 14:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1173567031","market":"hk","top_or_hot":-1,"title":"Stock Track | Canaan Inc. Plunges 6.15% as Crypto Stocks Tumble Amid Bitcoin and Ethereum Price Drops","media":"Stock Track","content":"<p>Canaan Inc. (CAN) experienced a significant 24-hour plunge of 6.15% on Tuesday, as the cryptocurrency market faced downward pressure. The decline in Canaan's stock price aligns with a broader trend affecting various crypto-related stocks during the trading session.</p>\n\n<p>The catalyst for this market-wide downturn appears to be the sharp decrease in major cryptocurrency prices. Bitcoin, the leading digital currency, fell below the $105,000 mark, settling at $104,989. Simultaneously, Ethereum, the second-largest cryptocurrency by market capitalization, dropped to $3,530. These price movements in the crypto market have had a ripple effect on stocks of companies closely tied to the cryptocurrency industry.</p>\n\n<p>Canaan, known for manufacturing cryptocurrency mining equipment, was not alone in its decline. Other crypto-related stocks also saw significant drops, with Cipher Mining falling 7%, TeraWulf down 6%, and companies like BTBT, SBET, and IREN experiencing declines ranging from 3% to 5%. This sector-wide downturn underscores the strong correlation between cryptocurrency prices and the performance of related stocks, highlighting the volatile nature of the crypto-linked equity market.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Canaan Inc. Plunges 6.15% as Crypto Stocks Tumble Amid Bitcoin and Ethereum Price Drops</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Canaan Inc. Plunges 6.15% as Crypto Stocks Tumble Amid Bitcoin and Ethereum Price Drops\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-11-04 14:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Canaan Inc. (CAN) experienced a significant 24-hour plunge of 6.15% on Tuesday, as the cryptocurrency market faced downward pressure. The decline in Canaan's stock price aligns with a broader trend affecting various crypto-related stocks during the trading session.</p>\n\n<p>The catalyst for this market-wide downturn appears to be the sharp decrease in major cryptocurrency prices. Bitcoin, the leading digital currency, fell below the $105,000 mark, settling at $104,989. Simultaneously, Ethereum, the second-largest cryptocurrency by market capitalization, dropped to $3,530. These price movements in the crypto market have had a ripple effect on stocks of companies closely tied to the cryptocurrency industry.</p>\n\n<p>Canaan, known for manufacturing cryptocurrency mining equipment, was not alone in its decline. Other crypto-related stocks also saw significant drops, with Cipher Mining falling 7%, TeraWulf down 6%, and companies like BTBT, SBET, and IREN experiencing declines ranging from 3% to 5%. This sector-wide downturn underscores the strong correlation between cryptocurrency prices and the performance of related stocks, highlighting the volatile nature of the crypto-linked equity market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CAN","symbol_name":"嘉楠科技","start_time":0,"source_url":"","article_id":"1173567031","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1173567031","pubTimestamp":1762238071,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Canaan Inc. (CAN) experienced a significant 24-hour plunge of 6.15% on Tuesday, as the cryptocurrency market faced downward pressure. The decline in Canaan's stock price aligns with a broader trend...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CAN":"嘉楠科技"},"translate_title":"股票追踪|嘉楠耘智暴跌6.15%，加密货币股因比特币和以太币价格下跌而暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAN":1},"content_text":"Canaan Inc. (CAN) experienced a significant 24-hour plunge of 6.15% on Tuesday, as the cryptocurrency market faced downward pressure. The decline in Canaan's stock price aligns with a broader trend affecting various crypto-related stocks during the trading session.\nThe catalyst for this market-wide downturn appears to be the sharp decrease in major cryptocurrency prices. Bitcoin, the leading digital currency, fell below the $105,000 mark, settling at $104,989. Simultaneously, Ethereum, the second-largest cryptocurrency by market capitalization, dropped to $3,530. These price movements in the crypto market have had a ripple effect on stocks of companies closely tied to the cryptocurrency industry.\nCanaan, known for manufacturing cryptocurrency mining equipment, was not alone in its decline. Other crypto-related stocks also saw significant drops, with Cipher Mining falling 7%, TeraWulf down 6%, and companies like BTBT, SBET, and IREN experiencing declines ranging from 3% to 5%. This sector-wide downturn underscores the strong correlation between cryptocurrency prices and the performance of related stocks, highlighting the volatile nature of the crypto-linked equity market.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}