Bitmine Stock Tumbles As Bitcoin Drops, ETH Plunges Below $4,000

Bitmine Immersion Technologies, Inc. (AMEX:BMNR) shares tumbled on Thursday, erasing an entire month’s worth of gains, as cryptocurrencies fell below key levels.

However, Tom Lee‘s Ethereum (CRYPTO: ETH) treasury company maintained gains of nearly 600% since its June debut.

Crypto Drops

Over the last five days, Bitmine stock has fallen more than 16% as crypto markets hit the brakes, with Ethereum dropping below the critical $4,000 level.

The correction highlights how closely traditional equities exposed to digital assets now track the fortunes of …

Full story available on Benzinga.com