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Crypto-Linked U.S. Stocks Fall at Open as BitMine Drops 5%

BitMine led declines among major crypto-related stocks, while SharpLink, American Bitcoin and Circle also fell more than 4%.

By Enna Lee
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Red market bars tilt beside a polished metal trading bell / TokenPost.ai
Red market bars tilt beside a polished metal trading bell / TokenPost.ai

Crypto-linked U.S. stocks opened broadly lower Wednesday, with BitMine (BMNR) leading the decline at 5.04% as weakness spread across major publicly traded names tied to the digital-asset market.

SharpLink (SBET) fell 4.78%, while American Bitcoin (ABTC) dropped 4.62% and Circle (CRCL) declined 4.58%.

Strategy (MSTR) was down 4.48%. Robinhood (HOOD) fell 2.99%, and Coinbase (COIN) declined 2.95%.

The moves came as the broader U.S. stock market opened lower, with declines also reported across the storage sector.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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