U.S. cryptocurrency stocks experienced significant declines despite overall gains in the broader market. While the Dow Jones Industrial Average rose by 1.05%, the S&P 500 increased by 0.54%, and the Nasdaq Composite gained 0.56%, crypto-related stocks saw sharp drops. SBET fell over 12.27%, ETHZ declined more than 10.49%, HOOD decreased by 9.62%, and BMNR was down over 9.16%.
The data, sourced from msx.com, highlights a divergence between traditional stock performance and crypto-related equities. Msx.com, a decentralized RWA trading platform, offers a range of tokenized assets, including major U.S. stocks and ETFs such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
U.S. Crypto Stocks Plunge Despite Broader Market Gains
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