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Crypto Stocks Face Broad Pre-Market Selloff as BMNR Leads Declines
Markets opened on a mixed note this morning, with cryptocurrency-linked equities broadly retreating across the board on August 27. According to market data from pre-market trading sessions, the crypto sector saw widespread weakness while traditional tech bucked the trend.
The bright spot: AI powerhouse Nvidia managed to edge higher, gaining 0.67% in pre-market action and gearing up for its earnings announcement after the closing bell today.
The casualties: Cryptocurrency stocks weren’t as fortunate. The selloff was sweeping, with heaviest losses concentrated in emerging plays. Bitmine Immersion Technologies (BMNR) led the decline, dropping 4.3%, while SharpLink Gaming (SBET) fell 1.2%.
Other notable movers included:
The only winner in this crypto equity carnage was BNB Network Company (BNC), which advanced 1.64% against the broader trend.
The divergence between Nvidia’s resilience and crypto stocks’ broadly bearish performance highlights the current market appetite: investors are rotating toward established mega-cap tech plays while trimming exposure to more speculative crypto-tied equities ahead of today’s major earnings event.