🔘Mass sell-offs have begun on the U.S. stock market, with mining companies’ stocks being hit the hardest. Investors are concerned about persistent inflation in the U.S. economy, which reduces the chances of a rate cut by the Federal Reserve in the near future.
🔘Iris Energy’s shares gained around 10% in a day. According to experts, as the price of the flagship crypto asset drops, open interest is rising, which may indicate that traders are opening short positions. Analyst Michaël van de Poppe expects a correction in the price of the main digital coin to around $64,000, but not a global downturn. He also noted the continued strong selling pressure.