Stock Track | IREN Ltd Plunges 6.38% in Pre-Market as Crypto Market Selloff Intensifies

Stock Track

Dec 01

IREN Ltd (IREN) saw its shares drop sharply by 6.38% in pre-market trading on Monday, mirroring a broader downturn in crypto-related stocks.

The decline followed a sharp selloff in the cryptocurrency market, with Bitcoin sliding 6% to below $86,000 and Ether dropping over 7%. The selloff was fueled by multiple factors, including Strategy Inc.'s CEO hinting at potential Bitcoin sales if its mNAV turns negative, S&P Global Ratings downgrading the stability assessment of USDT, and China's central bank issuing warnings about virtual currencies. These events collectively heightened investor caution, leading to a risk-off sentiment in crypto-linked equities like IREN.

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The selloff was fueled by multiple factors, including Strategy Inc.'s CEO hinting at potential Bitcoin sales if its mNAV turns negative, S&P Global Ratings downgrading the stability assessment of USDT, and China's central bank issuing warnings about virtual currencies. These events collectively heightened investor caution, leading to a risk-off sentiment in crypto-linked equities like IREN.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IREN","symbol_name":"IREN Ltd","start_time":0,"source_url":"","article_id":"1135332052","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1135332052","pubTimestamp":1764593915,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"IREN Ltd (IREN) saw its shares drop sharply by 6.38% in pre-market trading on Monday, mirroring a broader downturn in crypto-related stocks.The decline followed a sharp selloff in the cryptocurrency...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IREN":"IREN Ltd"},"translate_title":"股票追踪|加密市场抛售加剧，IREN Ltd盘前暴跌6.38%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IREN":1},"content_text":"IREN Ltd (IREN) saw its shares drop sharply by 6.38% in pre-market trading on Monday, mirroring a broader downturn in crypto-related stocks.The decline followed a sharp selloff in the cryptocurrency market, with Bitcoin sliding 6% to below $86,000 and Ether dropping over 7%. 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