🔴 HIVE Digital Technologies is trading 7.4% down today as inflation surprise revives rate-hike concerns

HIVE Digital Technologies is trading at $2.08, down 7.37%, as falling Bitcoin and Ethereum and broader market weakness weigh on crypto-linked stocks.

• Bitcoin and Ethereum have fallen 2.37% and 3.96%, respectively, since the prior close.
• A hotter-than-expected September CPI reading revived rate-hike concerns and risk-off pressure; Bitcoin-market coverage linked its weakness to the inflation surprise and Fed expectations.
• The Nasdaq is down 1.16% in the supplied market context. No specific company announcement explaining HIVE Digital Technologies’ move was identified.