U.S. crypto stocks experienced a significant downturn on May 12, with major indices opening lower. The Dow Jones fell 0.67%, the S&P 500 dropped 0.5%, and the Nasdaq declined 0.65%. Among cryptocurrency-related stocks, Sharplink (SBET) saw a notable decrease of 5.67%, while American Bitcoin (ABTC) fell 5.88%. Strategy (MSTR) declined by 3.28%, Robinhood (HOOD) by 2.9%, and Gemini (GEMI) by 2.87%.
U.S. Crypto Stocks Tumble as SBET Falls Over 5%
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