Cypherpunk Technologies is trading 10.1% up at $0.65 in pre-market, extending a rebound from Friday’s selloff despite broader weakness in the cryptocurrency market.
- The stock fell 5.6% to $0.59 on July 31 as crypto markets softened, but subsequently moved 8.2% higher during after-hours trading.
- The current bounce is occurring on thin liquidity and persists despite slightly lower prices for Bitcoin and Ethereum.
- Today's move marks a significant recovery from the previous session's losses.