Bitcoin miners plunged up to 13% in Wall Street’s worst selloff since July, with TeraWulf, Core Scientific, Cipher Mining and IREN each losing more than 12% as hotter inflation weighed on AI infrastructure companies. The S&P 500 fell 1.1% and the Nasdaq Composite fell 1.9%, their biggest one-day declines since July. US consumer prices rose 3.7% year-over-year in September, exceeding economists’ expectations of 3.6% and well above the Fed’s 2% target, fueling expectations of another interest rate hike.
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