Bitfarms Shares Slide As Bitcoin Pullback Sparks Crypto Sell-Off
Posted On August 19, 2025
Bitfarms Inc. (NASDAQ:BITF) shares are trading lower on Tuesday as weakness in the cryptocurrency market drove down valuations of crypto-linked stocks.
What To Know: The decline was tied directly to a broad sell-off in digital assets, with Bitcoin sliding 5.3% and breaking below its 50-day moving average, a technical level that many traders view as an important indicator of near-term momentum. The move erased part of Bitcoin’s recent rally and triggered additional losses across the sector.
Altcoins added to the pressure. Ethereum fell 4.5%, Solana declined 2.7%, and Cardano tumbled more than 6%. The sharp drop across major tokens erased about $110 billion in overall cryptocurrency …
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