Bitfarms is trading 4.6% down at $3.29 after Bitcoin fell 4.30% and Ethereum declined 5.97% since the previous close, pressuring crypto-related equities.
- Broader risk-off sentiment is also weighing on the stock as the 10-year Treasury yield reached 5.02% and major U.S. indexes moved lower.
- Markets prepared for the Federal Reserve’s September 16 decision; same-day reporting linked crypto-stock weakness to the Clarity Act vote and Fed decision.