Stock Track | IREN Ltd Plunges 6.38% in Pre-Market as Bitcoin Slumps Below $86,000

Stock Track

2025/12/01

IREN Ltd (IREN) fell 6.38% in pre-market trading on Monday, mirroring a broad selloff in crypto stocks as Bitcoin tumbled below $86,000. The cryptocurrency's sharp decline reignited fears of a prolonged market downturn, dragging down related equities.

The selloff was exacerbated by regulatory warnings from China's central bank about stablecoin risks and comments from Strategy Inc.'s CEO hinting at potential Bitcoin sales. Investors also braced for key US economic data this week, which could influence the Federal Reserve's rate-cutting trajectory.

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The cryptocurrency's sharp decline reignited fears of a prolonged market downturn, dragging down related equities.</p><p>The selloff was exacerbated by regulatory warnings from China's central bank about stablecoin risks and comments from Strategy Inc.'s CEO hinting at potential Bitcoin sales. 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