Markets.News
Cipher Digital Inc. stock, listed on NASDAQ under CIFR, saw a rise on Thursday due to a shift towards an Artificial Intelligence (AI) and High-Performance Computing (HPC) hosting model. This change detached the company from the downward trend seen in the broader cryptocurrency market. While other digital asset equities declined, CIFR surged by as much as 10% on the same day. This increase came at a time when Bitcoin dropped by 5.46% to $62,299.72 over a 24-hour period as per CoinMarketCap. The total cryptocurrency market capitalization also decreased by 4.52% to $2.15 trillion, influenced in part by the Federal Open Market Committee decision.