US Stock Market Move | Concept stocks of encrypted currency plummeted, IREN Ltd (IREN.US) fell nearly 11%.
On Wednesday, cryptocurrency concept stocks plummeted, with cryptocurrency mining enterprises leading the decline.
On Wednesday, concept stocks related to cryptocurrencies plummeted, with cryptocurrency mining companies leading the decline. IREN Ltd (IREN.US) dropped nearly 11%, Hut 8 (HUT.US) fell over 9%, Cipher Mining (CIFR.US) dropped nearly 9%, and TeraWulf (WULF.US) fell over 8%. Bitcoin-related stocks Strategy (MSTR.US) and Bitmine Immersion Technologies (BMNR.US) also dropped over 3%. In terms of news, Bitcoin plummeted over 4%, breaking below $75,000; Ethereum also dropped over 5%, trading at $2181.25.
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