Today: 22 July 2026
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Cryptocurrency 6 February 2026 - 7 February 2026

IREN stock whipsaws after earnings as bitcoin rebounds; Microsoft GPU financing in focus

IREN stock whipsaws after earnings as bitcoin rebounds; Microsoft GPU financing in focus

IREN Limited reversed earlier losses and pushed higher after hours Friday, tracking a sharp rally in bitcoin that helped lift crypto-related stocks. Shares bounced 5.1% to $41.83, having touched both $33.64 and $44.18 earlier. Bitcoin surged 11.4% to around $71,198, and names like Marathon Digital, Riot Platforms, and CleanSpark all jumped nearly 20%.
Bitcoin price swings as Bitfinex margin longs hit 2-year high — dip buying, or no bottom yet?

Bitcoin price swings as Bitfinex margin longs hit 2-year high — dip buying, or no bottom yet?

On Bitfinex, leveraged long positions in bitcoin just hit their highest levels in two years, even as the price slid beneath $69,000. Traders appear undeterred, with margin longs jumping to roughly 77,100 BTC—a 64% increase over the past six months, according to CoinDesk and TradingView figures. CoinDesk pointed out that this steady climb in bullish bets may suggest bitcoin still hasn’t put in a clear bottom.
6 February 2026
Dow rebounds toward 50,000 as tech snaps back; bitcoin and gold claw higher while Amazon capex rattles AI bets

Dow rebounds toward 50,000 as tech snaps back; bitcoin and gold claw higher while Amazon capex rattles AI bets

Stocks snapped back on Friday, reversing course after three straight sessions of selling that dragged down big tech and other risk plays. By 12:10 p.m. ET, the Dow was up 989.72 points, or 2.02%, sitting at 49,898.44. The S&P 500 added 1.56%, while the Nasdaq jumped 1.69%, according to Reuters data. “The market looks like it was getting a bit overdone to the downside,” said Robert Pavlik, senior portfolio manager at Dakota Wealth.
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