Stock Track12-05
IREN Ltd (NASDAQ:IREN) saw its shares plummet 5.04% during intraday trading on Friday, mirroring a broader downturn in crypto-related stocks.
The decline was triggered by Bitcoin's fall below the $90,000 threshold, which negatively impacted sentiment across the crypto sector. IREN, as part of this ecosystem, faced selling pressure alongside peers like CleanSpark, Bitfarms, and Cipher Mining, which also dropped significantly.
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