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Benzinga

Business

Henry Khederian

BitMine Immersion Technologies (BMNR) Stock Is Falling Tuesday: What's Driving The Action?

BitMine BitMine Immersion BMNR Ethereum

Gold Bitcoin

BitMine Immersion Technologies Inc (NYSE:BMNR) saw its stock trade lower Tuesday morning, despite a lack of company-specific news for the session. The stock is potentially moving lower amid a drop in the price of Ethereum (CRYPTO: ETH). Here’s what investors need to know.

What To Know: The selling pressure in BitMine shares follows Monday’s rally, where the stock surged over 9%. The move was largely fueled by rising Ethereum prices as ETH climbed to $4,750.

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