Crypto Stocks IREN, ABTC, HOOD, MSTR Slide as US Inflation Hits 3.7%
- —IREN fell 12.10% to $30.59 on volume of 58.64 million shares, above its average
- —American Bitcoin (ABTC) dropped 11.43% to $7.67, market cap at $558.5 million
- —Robinhood (HOOD) declined 8.73% to $100.87, Strategy (MSTR) fell 6.41% to $142.42
- —Coinbase lost 5.32%, Circle 6.65% and BitMine 5.81%
Why it matters: Hotter inflation reinforces expectations of a Fed rate hike, pressuring crypto equities and digital assets alike.
Source: The Crypto Times