Bitmine Immersion Technologies Inc. (NYSE:BMNR) stock declined on Friday as Ethereum (CRYPTO: ETH) extended losses during afternoon trading.

Ethereum Drops 6% Despite Lee’s Warning

“Own what works. But don’t let FOMO make you abandon good ideas,” Lee stated, according to a Benzinga report on Thursday.

Metals Rally Creates Capital Rotation Challenge

Bitmine warned that gold and silver’s explosive moves are creating a “vortex” that’s sucking investor attention away from structurally strong themes like AI and crypto, according to the company’s statement. Lee explained the metals rally is diverting capital from crypto because traders are tying up funds in gold and silver…

Read more on Benzinga