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Bitcoin BTC$109,750.64 and AI veri center operator IREN plans to raise $450 million through a private sale of convertible senior notes, the company said in a press release. The notes, due in 2029, will be offered to qualified institutional buyers and …

In a worst case scenario, prices could slide to the $72,000–$74,000 range, one analyst said.

Risk assets trade weak as investment banks pare back Fed rate cuts in the wake of Friday’s hotter-than-expected U.S. jobs report.