Bitcoin miners are oversold following 35% October rout, VanEck says
Summary
Asset manager VanEck reports that bitcoin mining companies are currently oversold after suffering a significant market decline during October. Furthermore, investors broadly sold off artificial intelligence infrastructure providers last month, treating diverse companies as a single group.
Investors dumped AI infrastructure providers across the board in October, treating companies in very different sectors as one monolithic trade.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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