Bitcoin miners IREN, MARA, RIOT, HUT and CLSK slide 19–23% in a week
- —IREN dropped 23.3% to $26.99 after Morningstar cut its target to $37
- —MARA fell about 22% to $7.53; CleanSpark lost 20% to $8.40
- —Hut 8 slid 19.6% to $67.75 and Riot 18.74% to $13.72
- —Odds of a Fed rate hike in October jumped to 47% from 21%
Why it matters: Miners are increasingly tied to AI contracts and credit markets, so their shares now trade on macro and rates as much as on Bitcoin.
Source: The Crypto Times