BMNR is trading at $22.06, down 4.17% from its May 11 close of $23.02, as escalating geopolitical tensions and a broader crypto selloff drive risk-off sentiment across digital assets.
- Bitcoin and Ethereum have retreated 1.55% and 2.31% respectively, weighing on the sector despite yesterday's positive $13.4B treasury update and ETH accumulation milestone.
- Broader U.S. markets are also under pressure, with the S&P 500 down 0.36% and the Nasdaq down 0.74%.
- Today's weakness follows a 4.22% gain in the previous session, reflecting a shift in market sentiment as investors move away from riskier assets.