Crypto Miner Selloff ‘Too Much Too Fast,’ Says DA Davidson Analyst

Crypto Miner Selloff ‘Too Much Too Fast,’ Says DA Davidson Analyst
The recent selloff in the shares of cryptocurrency miners have created buying opportunities across the group, Christopher Brendler, an analyst at Wall Street investment banking firm DA Davidson, wrote in a research note dated Nov. 29.Mining stocks have tumbled in recent weeks, after a rally in October and loggin a strong start to November. The recent drop corresponds with price declines in bitcoin and ether, suggesting that many investors still view mining firms as a public-market proxy for investing in leading cryptocurrencies.“Although the slightly more risk-off market and BTC pullback may have contributed, we also think the group moved a…