Nasdaq Drops 1.5% as Crypto-Related Stocks Plunge

KuCoinFlash

Release Time: 02/05/2026 00:16:36

Summary

The crypto market experienced sharp declines as the Nasdaq dropped 1.5% in Wednesday's U.S. close, with the S&P 500 down 0.5%. Tech names like AMD, Tesla, and NVIDIA also fell. Crypto-related stocks were hit hard, with Coinbase (COIN) down 6.14%, Bit Digital (BTBT) down 8.29%, and BTCS Inc (BTCS) down 11.74%. Investors are closely watching the crypto analysis for signs of recovery.

BlockBeats news, on February 5, U.S. stocks closed on Wednesday, with the initial Dow Jones gain at 0.5%, the Nasdaq fell 1.5%, and the S&P 500 index fell 0.5%. AMD (AMD.O) fell 17.3%, Tesla (TSLA.O) fell nearly 4%, NVIDIA (NVDA.O) fell over 3%, and Micron Technology (MU.O) fell nearly 10%. Cryptocurrency stocks also suffered a heavy blow, including:

Coinbase (COIN) down 6.14%

Circle (CRCL) down 1.98%

Strategy (MSTR) down 3.13%

Bullish (BLSH) down 1.59%

Gemini (GEMI) down 2.78%

Bitmine (BMNR) down 9.17%

SharpLink Gaming (SBET) down 7.57%

Bit Digital (BTBT) down 8.29%

ETHZilla (ETHZ) drops 8.18%

BTCS Inc (BTCS) down 11.74%

ALT5 Sigma (ALTS) down 18.1%

American Bitcoin (ABTC) falls 5.19%

Kindly MD (NAKA) down 7.51%

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