Canaan Inc. (CAN) saw its stock price drop by 5.94% in pre-market trading on Monday, reflecting a broader decline in crypto-related stocks.
The downturn was part of a larger trend affecting the crypto sector, with several major crypto stocks, including Hut 8, ETHZilla, and Bitfarms, also experiencing significant losses. This suggests investor sentiment toward crypto-related equities remains cautious amid ongoing market volatility.