BitMine Immersion Technologies Inc. (BMNR) saw its stock price plummet by 10.07% during Monday's intraday trading session, reflecting a broader downturn in cryptocurrency-linked stocks.
The decline was driven by a sharp sell-off in the crypto market, with Bitcoin sliding below $86,000 and Ether dropping over 7%. Regulatory warnings, leveraged bet wipeouts, and heightened risk aversion contributed to the negative sentiment, impacting BMNR and other crypto-related equities.
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