Crypto mining stocks fell more than Bitcoin amid risk-off sentiment: Cipher Mining dropped 6%, while MARA and Riot were down 4%.
On Thursday morning, Cipher Mining (NASDAQ:CIFR) shares fell 6% to $15.92, while MARA Holdings (NASDAQ:MARA) and Riot Platforms (NASDAQ:RIOT) both dropped 4% to $11.43 and $21.20, respectively. This decline significantly outpaced the 1% drop in the spot Bitcoin ETF IBIT and the less than 1% decline in the Nasdaq 100 ETF QQQ, highlighting the amplified volatility of mining stocks amidst market risk aversion.
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