BitMine Immersion Technologies Inc. (BMNR) saw its stock price plummet by 5.01% during the intraday session on Friday, reflecting a broader downturn in crypto-related stocks.
The decline was attributed to bitcoin's fall below the $90,000 mark, which negatively impacted the sentiment around crypto-linked equities. BitMine, being part of the crypto mining sector, was among the stocks affected by the market's reaction to bitcoin's price movement.