🔴 Cipher Mining is trading 4.51% down in pre-market as crypto prices fall

Cipher Mining is trading at $8.47, down 4.51% in pre-market on October 29, with crypto weakness a likely contributor.

• The price is below the October 28 close of $8.87.
• Since the prior close, Bitcoin is down 1.47% and Ethereum 2.06%; reported pressure followed a hawkish Fed hold and technology-market jitters.
• The Nasdaq Composite is down 1.15%. No clearly verified new company-specific catalyst explaining the decline surfaced in the search.