CIFR - What's Going On With Bitcoin Mining Stock Cipher Mining? | Benzinga
Cipher Mining Inc (NASDAQ:CIFR) shares are trading lower Tuesday alongside several other bitcoin mining stocks as the price of bitcoin falls. Cipher also reported monthly mining metrics late Monday.
What To Know: Several bitcoin miners are facing selling pressure amid weakness in the crypto markets. Bitcoin was down about 6.28% over a 24-hour period, trading at $65,225 at the time of writing.
The selloff appears to be related to lower rate cut expectations from the Federal Reserve this year. The 10-year U.S. Treasury yield ...