10x Research: BTC mining companies and crypto firms underperformed this week, and the market has yet to reverse its downward trend.

PANews reported on December 21st that 10x Research released its weekly crypto market review, noting that Bitcoin prices remain low due to global policy uncertainty and legislative delays, and the market downturn has not yet been reversed. The overall performance of publicly traded cryptocurrency companies was poor. Coinbase's new product launch failed to offset the overall market weakness, and Strategy's stock price remained weak. Although ARK Invest increased its holdings in BitMine, it did not boost the stock price. Among Bitcoin mining companies, Bitdeer faced class-action lawsuit pressure, CleanSpark's earnings fell short of expectations and faced insider selling, Iren received a neutral rating and its stock price declined, and despite TeraWulf completing a large financing round, its stock price still fell due to equity dilution.