IREN Ltd is trading at $54.14 (5.1% up) as crypto-linked stocks rebound following a firmer trend in the cryptocurrency market.
- Bitcoin has gained 1.45% and Ethereum is up 1.17% since the last close, providing significant support for crypto-exposed equities.
- The stock is bouncing back from recent volatility, including a 4.63% decline on June 10, amid a broader risk-on bid that has seen the Nasdaq Composite rise 0.64%.