Cipher Digital Inc (NASDAQ:CIFR) stock traded lower on Thursday, driven by broad market weakness and continued downward momentum in Bitcoin from Wednesday. Macroeconomic factors weighed on investor sentiment too during the trading session.

The Nasdaq is down 0.97% while the S&P 500 has shed 0.61%.

According to Trading Economics, oil prices reached May highs, with Brent crude exceeding $102 per barrel and crude rising above $97 amid the ongoing U.S.-Iran conflict. Iran indicated readiness for intensified conflict.

On Thursday, Bitcoin (CRYPTO: BTC) traded at $76,838.53, down $1,421.86, or 1.82%, over the last 24 hours.

What Does Cipher Digital Do?

Cipher Digital Inc. (formerly Cipher Mining) develops and operates industrial-scale data centers with a primary focus on high-performance computing (HPC) and artificial intelligence (AI) infrastructure.

Technical Analysis

From a trend perspective, CIFR is still in a repair phase: it’s trading below all key moving averages, including the 20-day SMA ($16.45) and well under the 50-day SMA ($18.96) and 200-day SMA ($18.41). That keeps overhead supply in focus, because rallies can run into sellers as the stock approaches those longer-term trend lines.

The moving-average structure also shows a mixed backdrop—bearish in the near term (20-day SMA below the 50-day SMA), but still holding a bullish longer-term crossover (50-day SMA above the 200-day SMA). Practically, that often translates to choppy "two-way" trade where bounces can happen, but they need follow-through to reclaim the 200-day area and shift the intermediate trend.

Key levels traders tend to watch next are:

• Key Resistance: $18 — a round-number area that also sits near the 200-day SMA/50-day SMA zone, where rebounds can stall
• Key Support: $14.50 — a nearby floor area where buyers previously stepped in, making it a key "line in the sand" if selling accelerates

Zooming out, the stock is up 51.57% over the past 12 months, but it’s also well off the $30.14 52-week high set in June and is now closer to the middle of its $7.90 to $30.14 range. That context matters because it frames the current move as a consolidation/mean-reversion battle rather than a clean breakout trend.

CIFR Stock Price Activity: Cipher Digital shares were trading at $15.47 down 8.34% at the time of publication on Thursday, according to Benzinga Pro data.

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