10 Stocks Nosedive, Defying Broader Optimism

7. CleanSpark Inc. (NASDAQ:CLSK)

Shares of CleanSpark Inc. (CLSK) declined by 7.67 percent on Tuesday to finish at $10.96 apiece as once-hopeful investors sold off positions after President Donald Trump missed out on announcing any plans on the cryptocurrency industry.

CleanSpark (CLSK) traded lower alongside its peers.

Over the past few months, Trump made several promises for the cryptocurrency industry, including releasing an executive order that would make the asset a national priority.

But on Monday, Trump did not mention cryptocurrencies, disappointing an industry that had eagerly anticipated the crypto-friendly president would usher in a transformative shift in US policies toward the volatile asset class.

Investor pessimism both dampened prices of Bitcoin and share prices of cryptocurrency miners. As of this writing, Bitcoin’s prices were already down by 0.39 percent to close at $105,785 apiece.