Home Trending Stocks The9 Ltd. (NCTY) stock gains during pre-market after declining in last trading...

The9 Ltd. (NCTY) stock gains during pre-market after declining in last trading session

The9 Ltd. (NASDAQ: NCTY) stock plunged by 11.91% at the last close whereas the NCTY stock price rises by 4.29% in the pre-market trading session. The9 Limited (The9) is a Chinese Internet firm that went public on the NASDAQ in 2004. The9 aspires to be a multi-faceted high-tech Internet organization.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What is happening?

The price of the famous cryptocurrency Bitcoin is rapidly declining. Other cryptocurrencies have fallen in value as a result of the sudden falls, as have stock prices for Grayscale Bitcoin Trust, Ebang International Holdings, and The9 Restricted.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

About the time Tesla CEO Elon Musk declared his company will no longer allow the blockchain as a form of payment, Bitcoin went from a small pullback to a complete collapse, citing environmental issues with the Bitcoin mining operation. Coincidentally, the People’s Bank of China (PBOC) is tightening up on digital currency as well. China is now banning its residents from using cryptocurrencies such as Bitcoin as a means of payment, according to Reuters.

The ban on cryptocurrencies in China seems to be the catalyst behind today’s Bitcoin price decrease. For a business like The9, the PBOC update is a significant advancement for investors. Not only can The9 sell bitcoin mining, but it will also offer a variety of blockchain goods and services. Blockchain technology can be used for more than just digital currency transactions. Blockchain can be used for items like inventory control, for example. The positive news is that these types of apps seem to be unaffected by China’s change.

However,

The9 would be unable to follow any plans it has for using cryptocurrencies as a means of payment because it is a Chinese venture. By the same token, the world’s most populated country and second-largest economy has lost a huge use case for cryptocurrencies.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Supply and demand determine cryptocurrency values. Although, now that China has tightened its regulations on how it may be used, there could be less interest for cryptocurrencies. This might put more downward pressure on Bitcoin’s price.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Adial Pharmaceuticals Inc. (ADIL) stock plunged during pre-market trading. Here’s to know why?

Adial Pharmaceuticals Inc. (NASDAQ: ADIL) stock gained by 9.06% at last close while the ADIL share price fell by 6.07% in the pre-market trading...

Why AbCellera Biologics Inc. (ABCL) stock faced negativity on Tuesday?

AbCellera Biologics Inc. (ABCL) shares lost 2.13% in after-hours on Tuesday, June 22, 2021, and closed the day at $21.60 per share. Earlier, ABCL's...

Biocept Inc. (BIOC) stock surged during current market trading. Why is it so?

Biocept Inc. (NASDAQ: BIOC) stock gained by 3.13% in the current market trading. Biocept creates and sells molecular diagnostic tests that offer doctors with...

Comstock Mining Inc. (LODE) stock soar during pre-market trading. What’s happening?

Comstock Mining Inc. (NASDAQ: LODE) stock gained by 1.14% at last close while the LODE stock price surged by 3.10% in the pre-market trading...

Why MediciNova Inc (MNOV) stock facing negativity since Monday’s after-hours?

MediciNova Inc. (MNOV) shares lost 5.71% in after-hours on Monday, June 21, 2021, and the plummeting continues in the pre-market session on Tuesday as...

Tiziana Life Sciences Inc. (TLSA) stock surged during pre-market. Let’s see why?

Tiziana Life Sciences Inc. (NASDAQ: TLSA) stock declined by 2.54% at last close however the TLSA stock price depicts a rise of 8.26% during...

Adial Pharmaceuticals Inc. (ADIL) stock plunged during pre-market trading. Here’s to know why?

Adial Pharmaceuticals Inc. (NASDAQ: ADIL) stock gained by 9.06% at last close while the ADIL share price fell by 6.07% in the pre-market trading...

Histogen Inc. (HSTO) stock plunged during pre-market trading. What’s driving it low?

Histogen Inc. (NASDAQ: HSTO) stock gained by 16.16% at last close whereas the HSTO stock price declines by 2.73% in the pre-market trading. Histogen...

Related News

Adial Pharmaceuticals Inc. (ADIL) stock plunged during pre-market trading. Here’s to know why?

Adial Pharmaceuticals Inc. (NASDAQ: ADIL) stock gained by 9.06% at last close while the ADIL share price fell by 6.07% in the pre-market trading...

Why AbCellera Biologics Inc. (ABCL) stock faced negativity on Tuesday?

AbCellera Biologics Inc. (ABCL) shares lost 2.13% in after-hours on Tuesday, June 22, 2021, and closed the day at $21.60 per share. Earlier, ABCL's...

Biocept Inc. (BIOC) stock surged during current market trading. Why is it so?

Biocept Inc. (NASDAQ: BIOC) stock gained by 3.13% in the current market trading. Biocept creates and sells molecular diagnostic tests that offer doctors with...

Comstock Mining Inc. (LODE) stock soar during pre-market trading. What’s happening?

Comstock Mining Inc. (NASDAQ: LODE) stock gained by 1.14% at last close while the LODE stock price surged by 3.10% in the pre-market trading...

Why MediciNova Inc (MNOV) stock facing negativity since Monday’s after-hours?

MediciNova Inc. (MNOV) shares lost 5.71% in after-hours on Monday, June 21, 2021, and the plummeting continues in the pre-market session on Tuesday as...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

7542

GIFT

Download free eBook for 

7 GROWTH  STOCKS FOR 2021

WAIT 
WE HAVE GIFT FOR YOU

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam