🔴 Core Scientific is trading 4.3% down today amid crypto and technology selloff

Core Scientific is trading 4.3% down at $16.23, broadly tracking the cryptocurrency and technology selloff.

• Bitcoin is down 4.30% since the September 14 close, while Ethereum is down 5.97%.
• Technology stocks are also under pressure amid AI-growth concerns, elevated Treasury yields, oil-price volatility and Federal Reserve uncertainty.
• No new negative company-specific catalyst was identified; the latest notable company update was positive ERCOT power-capacity approval. The move is best classified as sector and global risk-off pressure rather than a Core Scientific-specific development.