Over the past 24 hours, Render's (CRYPTO: RNDR) price has risen 10.0% to $9.09. This is contrary to its negative trend over the past week where it has experienced a 10.0% loss, moving from $10.51 to its current price. As it stands right now, the coin's all-time high is $13.53.
Cryptocurrency stocks have taken quite a hit so far in 2022 as investors have rotated out of risk assets as interest rates rise.
Crypto stock short sellers have done fairly well so far this year, but a new report by S3 Partners analyst Ihor Dusaniwsky suggested short sellers expect more weakness ahead for crypto stocks.
Nokia Corp (NYSE: NOK) made several key announcements Tuesday, including cutting its financial outlook and sharing about a critical acquisition and a significant partnership.