Benzinga
Why Is Cipher Digital Stock Falling on Thursday? - Cipher Digital (NASDAQ:CIFR)
xCruzo Brief
Cipher Digital (NASDAQ: CIFR) shares fell Thursday as broader markets weakened and Bitcoin continued its downward momentum from Wednesday. The Nasdaq was down 0.97% and the S&P 500 lost 0.61% during the session. Oil added to investor jitters: Brent climbed above $102 a barrel and U.S. crude rose above $97 as the U.S.-Iran conflict escalated, with Iran signaling readiness for intensified conflict. Bitcoin traded at $76,838.53, down $1,421.86 (1.82%) over 24 hours. CIFR, formerly Cipher Mining, was quoted at $15.47, down 8.34%.
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