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Canaan reported quarterly revenue falling from $196.3 million to $62.7 million recently.
Canaan increased Bitcoin and Ethereum treasury reserves despite mounting operational losses recently.
Canaan stock increasingly reflects crypto treasury exposure instead of mining hardware
BTC
+1.02%
ETH
+1.05%
GateNews
2026-05-29 16:33
BTC drops sharply by 0.41% in 15 minutes: PCE inflation beats expectations, cooling rate-cut expectations and putting pressure on risk assets
From 16:15 to 16:30 (UTC) on May 29, 2026, BTC plunged 0.41% within 15 minutes. The price fell from $73,968.7 to $73,563.1, with a range of 0.55%. Market sentiment was extremely cautious. While the volatility was relatively controllable, sudden changes in the macro environment became the core driver of short-term selling. The main catalyst for this move was that April’s PCE inflation data came in above expectations. The released PCE year-over-year figure was 3.8%, the highest level since May 202