IREN Ltd is trading 5.9% up at $57.56 as the stock tracks a broad recovery in cryptocurrencies following a sharp pullback last week.
- Bitcoin and Ethereum have gained approximately 3–4% since the previous close, reversing the downward trend seen during the June 5 selloff.
- The upward move aligns with gains in major indices, suggesting the rally is driven by macro sentiment rather than company-specific developments.