I recently looked at the US stock market trends, and stocks related to digital assets are indeed performing quite poorly. That day, when the market opened, the stock of a well-known cryptocurrency exchange listed company plummeted nearly 7 percentage points, leading the decline among coin stocks, and other related companies didn't fare much better, with sectors like mining and payments also heading downward.



Interestingly, semiconductor stocks surged on the same day. Once the chip company's earnings guidance was released, those stocks took off, with gains ranging from 4% to over 20%. This stark contrast is quite obvious. It seems that coin stocks are now fluctuating entirely based on their own logic, no longer following the overall trend of the tech sector.

The major US stock indices also didn't show much movement at the open that day; the three main indices barely budged, with the Dow slightly up, the S&P 500 almost unchanged, and the Nasdaq down a little. The market is waiting for the Federal Reserve's decision and the earnings reports of major tech companies, so sentiment remains cautious. By the way, Bitcoin has recently been hovering around $81,000, after being rejected several times near $79,000, which definitely puts pressure on crypto-related stocks. Will this correction in crypto stocks continue? We need to keep observing.
BTC0.13%
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