🔴 Hut 8 is trading 5% down today as inflation and rate concerns pressure tech stocks

Hut 8 is trading 5.00% down at $72.28, as persistent inflation and interest-rate concerns pressure technology and crypto-related stocks.

• A Hut 8-linked wallet reportedly sent 1,589 BTC, worth about $130 million, to exchanges over two days; a possible sale has not been confirmed.
• The transfers add company-specific uncertainty, but reports do not establish that they caused the intraday move.
• Bitcoin is slightly lower since its last close, while Ethereum is higher.