COINOTAG News reported on December 24 that U.S. equities closed modestly higher, supporting a tempered crypto market update for crypto stocks. The Dow edged up 0.16%, the Nasdaq rose 0.57%, and the S&P 500 climbed 0.45%, marking a fresh closing high as investors rotated into quality names and growth proxies.
Crypto-linked equities largely moved lower, with notable declines across the sector. Coinbase (COIN) fell 2.26%, Circle (CRCL) down 4.91%, MicroStrategy (MSTR) -3.92%, Bullish (BLSH) -6.26%, Gemini (GEMI) -5.54%, Bitmain (BMNR) -4.21%, SharpLink Gaming (SBET) -3.45%, Bit Digital (BTBT) -4.52%, ETHZilla (ETHZ) -15.08%, ALT5 Sigma (ALTS) -5.69%, and American Bitcoin (ABTC) -4.62%.
Looking ahead, traders will monitor liquidity dynamics and crypto-related earnings signals, noting the ongoing divergence between broad stock gains and crypto equities. A data-driven approach and prudent risk management will shape sentiment as regulatory developments and macro indicators illuminate near-term prospects for the sector.
Source: https://en.coinotag.com/breakingnews/bitcoin-linked-stocks-fall-as-crypto-names-tumble-abtc-coin-among-biggest-declines
