What To Know: TeraWulf reached an all-time high of $15.51 at market open, riding on a rising wave of positive sentiment about cryptocurrency. The stock lost its gains, which were from a price target raise and positive analyst note, after Trump’s social media post.
Trump posted on Truth Social saying that he was upset with the Chinese government for proposing export controls on rare earth materials and threatened to cancel an upcoming meeting he has with Chinese president Xi JinPing at the Asia-Pacific Economic Cooperation in South Korea. Trump said that his administration is considering a “massive increase of tariffs on Chinese products” in addition to other countermeasures.
WULF Price Action: Shares of TeraWulf were down 0.72% at $13.49 at the time of publication on Friday, according to Benzinga Pro. The stock hit an all-time high of $15.51 earlier in the day.
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