Bitcoin mining stock prices pummeled in broader market sell off
Yahoo Finance·2026-01-29 16:59

Group 1 - Bitcoin mining stock prices experienced significant declines, with many companies seeing double-digit drops as the market reacted to the Federal Reserve's decision to maintain interest rates [1][4] - Notable declines in bitcoin mining stocks included Cipher Mining (-9%), CleanSpark (-7.6%), TeraWulf (-7.3%), and others, indicating a broad sell-off in the sector [2] - Bitcoin itself retraced 5.2% to $84,500, marking a level not seen since November 2025, alongside declines in gold and silver prices [3] Group 2 - Major technology stocks, referred to as the Magnificent 7, also faced substantial losses, with Microsoft dropping 11.8% and Oracle 4.7%, reflecting a wider market downturn [4] - The overall decline in commodities and equities is attributed to investor concerns over tightening liquidity following the Federal Reserve's decision to keep rates steady [4]

Bitcoin mining stock prices pummeled in broader market sell off - Reportify