🔴 Soluna Holdings is trading 5% down as crypto and tech markets weaken

Soluna Holdings is trading 5.08% lower at $0.53 now as crypto, technology shares and broader markets face pressure amid risk-off trading.

• Bitcoin and Ethereum have fallen 3.32% and 3.56%, respectively, since the prior close.
• Soluna announced a planned 50 MW AI/HPC data-center joint venture with Applied Digital on October 21; available reporting does not establish it as the cause of the decline.
• Rosenblatt cut its price target to $2 from $4 while maintaining a Buy rating.