These 10 Firms Were Last Week’s Biggest Losers

4. Bitdeer Technologies Group (NASDAQ:BTDR)

Bitdeer Technologies (BTDR) fell by more than 19 percent over the past five trading days, ending Friday at $18.5 versus the $22.9 finish a week prior.

Bitdeer, a $4-billion heavyweight in Bitcoin mining, dropped in line with the decline in the price of Bitcoin, which as of Friday was down by 1.67 percent. Bitcoin’s five-day trading performance also marked a 1.07 percent week-on-week.

Despite the decline, analysts remained bullish on the company, with Roth MKM maintaining a buy rating for the company and increasing its price target to $29 citing progress in high-performance computing and Artificial Intelligence, and rapid traction of its SEALMINER platform.

Bitdeer (BTDR) earlier signaled an aggressive growth plan over the next few years. Just recently, it raised as much as $1 billion from a fundraising program, with proceeds to be used for its expansion plans.