Canaan Inc. (CAN) saw its shares drop by 5.94% in pre-market trading, reflecting a broader decline in crypto-related stocks. The downturn was part of a sector-wide sell-off, with other major crypto stocks also experiencing significant losses.

The decline aligns with recent market trends where crypto shares have been under pressure. Investors are likely reacting to broader market sentiment or sector-specific challenges, as highlighted in recent reports.