Cipher Mining Inc is trading at $24.72 (-5.79%) following a sharp pullback in crypto-linked stocks and broader risk-off sentiment across digital assets and technology sectors.
- Bitcoin and Ethereum have declined 3.48% and 3.51% respectively over the last 24 hours, weighing heavily on the crypto mining industry.
- The downward move aligns with a 0.79% drop in the Nasdaq Composite, suggesting a broader sector rotation away from high-risk assets.
- No company-specific catalysts were identified, indicating the decline is primarily driven by market-wide crypto weakness.