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Oct 16, 2025 4:00 PM

IREN Stock Is Sliding Thursday: What's Sparking The Weakness?

IREN Limited (NASDAQ:IREN) shares are trading lower Thursday amid a drop in Bitcoin (CRYPTO: BTC) prices and broader crypto weakness.

IREN shares are retreating from recent levels. Check the market position here.

What Happened: Crypto-related equities like IREN are under pressure as Bitcoin continues its recent decline. Bitcoin was down about 2.36% over a 24-hour period, trading around $108,500 at the time of publication, according to Benzinga Pro.

Current Bitcoin prices represent a significant pullback from the cryptocurrency’s record peak of over $126,000 reached on Oct. 6. Reuters reported that heightened U.S.-China trade tensions likely triggered the sell-off, with both nations ...