10 Companies Reflect Market Decline

8. Terawulf Inc. (NASDAQ:WULF)

Terawulf Inc. (WULF)’s shares declined by 5.34 percent on Thursday to close at $5.85 apiece as investors resorted to profit-taking following a nearly 11 percent gain from the previous trading.

The decline was also in line with the drop in Bitcoin prices which, at the time of writing, was lower by 0.46 percent at $99,981 apiece.

In other news, investors are in a wait-and-see mode for more updates on the cryptocurrency industry under the incoming Trump administration. A strong crypto market was initially anticipated due to President-elect Donald Trump’s pro-cryptocurrency stance.

The industry is also hoping for a potential easing of regulatory crackdown, particularly with the reappointment of Paul Atkins to lead the Securities and Exchange Commission. His return could signal a shift in the regulatory landscape, potentially benefiting the crypto market.