IREN is trading at $44.08 (-3.01%) today, diverging from a significant rally in the cryptocurrency market despite no company-specific news.
- The stock is bucking the positive trend seen in BTC (+7.48%) and ETH (+11.71%), which are driving overall crypto sentiment higher.
- Broader markets are also showing strength with the NASDAQ up 1.28%, making this counter-trend move notable after IREN closed up 7.29% at $45.45 in the previous session.