Stock Track | IREN Ltd Plummets 5.02% Intraday as Crypto Market Tumbles Amid Bitcoin Drop

Stock Track12-11

IREN Ltd (IREN) saw its stock price plummet by 5.02% during Thursday's intraday session, mirroring a broader decline in crypto-related shares.

The drop comes as Bitcoin fell below the $90,000 threshold, sparking renewed market jitters. Risk sentiment soured after Oracle's disappointing profit and revenue outlook raised concerns about AI infrastructure spending. Cryptocurrency mining stocks, including IREN Ltd, were dragged down by the negative momentum in the crypto market.

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Comments

  • Emotional Investor
    12-12 12:57
    Emotional Investor
    Rubbish! Obviously you didn't read the memo. And I'm not explaining it cause you have no clue, I would just suggest you do even a tiny bit of research like a google search. $IREN Ltd(IREN)$ was but no longer is dependent on crypto 
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