U.S. equities opened in positive territory, with all three major indexes posting gains at the start of trading. The Dow Jones Industrial Average rose 0.35%, the S&P 500 added 0.48%, and the Nasdaq climbed 0.86%. Crypto-related stocks, however, did not move in the same direction.
Coinbase Global (COIN) fell sharply by more than 9%, making it one of the weakest names in the group. Strategy (MSTR) dropped more than 4%, while Circle (CRCL) and Bitmine (BMNR) each lost more than 3%. On the other side, mining names showed strength. Cipher Mining (CIFR) and Hut 8 (HUT) both gained more than 6%, while Riot Platforms (RIOT), CleanSpark (CLSK), and Bit Brother (BTBT) rose more than 1%. MARA Holdings (MARA) edged lower by 0.21%.
The moves were reported by Techub News shortly after the U.S. market open.
U.S. stocks opened higher, with the Dow Jones Industrial Average up 0.35%, the S&P 500 rising 0.48%, and the Nasdaq gaining 0.86%.
Crypto-related equities traded in mixed fashion. Coinbase (COIN) dropped more than 9%, while Strategy (MSTR) fell more than 4%. Circle (CRCL) and Bitmine (BMNR) were each down more than 3%.
Some mining stocks moved higher at the open. Cipher Mining (CIFR) and Hut 8 (HUT) gained more than 6%, while Riot Platforms (RIOT), CleanSpark (CLSK), and Bit Brother (BTBT) rose more than 1%. MARA Holdings (MARA) slipped 0.21%.
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