Bitcoin Miners Lead Crypto Stock Losses Amid Wider Market Dip

Bitcoin miners and crypto-focused stocks experienced significant declines as the broader market faced challenges due to macroeconomic uncertainties. Major miners like Bitdeer Technologies and Bitfarms saw their shares drop over 20% and 17%, respectively, while Cipher Mining fell by 13%. Additionally, prominent companies in the crypto space, including MARA Holdings, suffered losses of over 10%. Bitcoin itself declined by 3% over 24 hours, falling beneath the $100,000 threshold multiple times this month, currently trading around $99,611. Ethereum and Solana also echoed this downturn, with declines of about 7%. Major indexes reflected this sell-off, with tech-heavy stocks in the Nasdaq and S&P 500 also in the red. The situation was exacerbated by delays in the release of the Consumer Price Index due to a recent government shutdown, creating further uncertainty in the markets.

Source 🔗