Terawulf Inc is trading 5.4% down at $23.93 as crypto-linked names face profit-taking following a sharp multi-day rally.
- The decline aligns with softer Bitcoin and Ethereum prices and a broadly weaker equity market, suggesting macro risk-off sentiment is pressuring the sector.
- Recent gains were tied to reassessed New York regulatory concerns, but today's move appears driven by market-wide factors rather than new company-specific news.