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 [...]

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