Crypto-Linked U.S. Stocks Slide, With Circle and BitMine Near 10% Losses

Crypto-linked U.S. shares were under pressure Thursday morning, with Circle and BitMine recording the steepest declines among five named companies in the market snapshot.

At 11:23 a.m. ET (16:23 UTC) Nov. 5, Circle (CRCL) was at $68.63, down 9.84%. BitMine (BMNR) traded at $19.62, down 9.71%. Both losses were close to 10%, making the two stocks the largest decliners in the group.

Robinhood (HOOD) was down 9.29% at $79.29. Coinbase (COIN) fell 8.04% to $139.31, while Strategy (MSTR) lost 7.35% to $132.07. All five stocks in the snapshot were lower, with each decline above 7%.

Circle's drop exceeded BitMine's by 0.13 percentage point. Robinhood fell more than Coinbase and Strategy, while Strategy had the smallest decline among the five.

U.S. technology stocks were also sharply lower at the same time, extending the market weakness beyond crypto-linked shares.