IREN Ltd (IREN) saw its stock price plummet 7.64% in pre-market trading on Tuesday, mirroring a broader decline in crypto-related stocks. The drop comes as Bitcoin fell below the $91,000 mark, triggering a sell-off in the sector.
Other crypto stocks, including Bitfarms, SharpLink Gaming, and CleanSpark, also experienced significant declines, with losses ranging from 3% to 7%. The downturn highlights the close correlation between crypto stocks and the price movements of major cryptocurrencies like Bitcoin.
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