WS #17017
Risk assets are facing broad-based weakness. Cipher Digital has plummeted 74.6% year-to-date as Bitcoin mining revenues collapse, and copper prices have hit their lowest level since July, driven by fears of an AI slowdown and trade tariff uncertainties. This suggests that capital is rotating out of speculative growth and industrial commodities into safer, yield-bearing assets.
Crypto and Commodity Weakness
Risk assets are facing broad-based weakness. Cipher Digital has plummeted 74.6% year-to-date as Bitcoin mining revenues collapse, and copper prices have hit their lowest level since July, driven by fears of an AI slowdown and trade tariff uncertainties. This suggests that capital is rotating out of speculative growth and industrial commodities into safer, yield-bearing assets.