Bitdeer Technologies is trading at $9.90, after a -4.82% move, as crypto weakness and broader risk-off pressure weigh on shares.
- Bitcoin is down 1.77% and Ethereum 2.20% since their prior closes, adding pressure to crypto-related stocks.
- Higher oil prices, Treasury yields and a stronger dollar have weighed on risk-sensitive crypto markets. These macro forces and the broader risk-off backdrop are the likeliest explanation; no clear company-specific catalyst for the October 8 decline was identified.