Bitcoin miners decline up to 13% amid Wall Street's sharpest selloff since July

Bitcoin miners experienced significant declines, with TeraWulf falling 12.64% and Core Scientific falling 12.44%, during Wall Street's sharpest selloff since July. This market downturn was triggered by hotter-than-expected US consumer price index (CPI) data, which rose 3.7% in September, exceeding the expected 3.6% and the Fed's 2% target. The selloff impacted technology and AI infrastructure companies, including CoreWeave and Nebius, as higher interest rates could increase borrowing costs for debt-reliant data center expansions.