Bitcoin Miners Plunge 13% as Inflation Hits Wall Street

Suddenly, Wall Street is worried the U.S. economy is more 'vulnerable' than it looks—and stocks are selling off worldwide

Everything you need to know before you reach the office this morning.

Bitcoin back under $81,000 as AI selloff worsens

September inflation came in above forecasts and the selloff in AI stocks picked up speed, dragging bitcoin back toward last week’s low.

Bitcoin Miners Plunge 13% as Inflation Hits Wall Street

Bitcoin mining stocks fell as much as 13% Wednesday as hotter US inflation sparked a selloff in AI infrastructure companies and raised concerns about interest rates.

Bitcoin Miners Drop Over 12% as Hot Inflation Data Triggers Worst Stock Selloff Since July

TLDR The S&P 500 fell 1.1% and the Nasdaq dropped 1.9% on Wednesday, their worst daily losses since July. TeraWulf, Core Scientific, Cipher Mining and IREN each fell more than 12%. US consumer prices rose 3.7% in September, above the 3.6% economists expected. The odds of an October Fed rate hike briefly topped 50% after [...]

Bitcoin Miners Plunge 13% as Hot US Inflation Data Triggers Wall Street Selloff - CryptoGazette

TeraWulf, Core Scientific, Cipher Mining and IREN fell over 12% as September CPI of 3.7% triggered Wall Street's sharpest selloff since July.