IB1T.L is trading at £4.65, down 3.2% today, broadly tracking a pullback in major cryptocurrencies following hawkish Fed commentary and weak U.S. GDP data.
- Selling pressure in the digital asset sector is led by declines in Bitcoin (-2.34%) and Ethereum (-2.88%).
- The risk-off sentiment is fueled by lingering inflation concerns and weaker-than-expected economic growth figures.
- Market participants are reacting to a more restrictive monetary outlook as the Federal Reserve maintains a hawkish stance.