🔴 BitMine is trading 3.5% down in pre-market as Bitcoin and Ethereum decline sharply amid crypto market selloff

BitMine (BMNR) is trading at $25.76, down 3.5% in pre-market, following a broader cryptocurrency market collapse that is directly pressuring its asset valuations.

• Bitcoin has fallen 6.15% over 24 hours to $82,448, while Ethereum dropped 7.16% to $2,731—both breaching key support levels.
• The crypto selloff was triggered by forced liquidations exceeding $1.68 billion, aggressive futures deleveraging, and risk-off sentiment.
• The sharp decline impacts BMNR, which operates as a crypto infrastructure company focused on Ethereum staking and holds 4.243 million ETH tokens.