Huo Xing Finance reports that on May 12, according to market data, U.S. stock indices opened lower, with the Dow Jones falling 0.67%, the S&P 500 down 0.5%, and the Nasdaq declining 0.65%. Cryptocurrency-related stocks generally declined, with Sharplink (SBET) down 5.67%, American Bitcoin (ABTC) down 5.88%, Strategy (MSTR) down 3.28%, Robinhood (HOOD) down 2.9%, and Gemini (GEMI) down 2.87%.
U.S. crypto stocks plunge sharply, SBET drops over 5%
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Summary
The crypto market experienced broad declines on May 12, with U.S. crypto-related stocks falling sharply. Sharplink (SBET) dropped 5.67%, while American Bitcoin (ABTC) fell 5.88%. MicroStrategy (MSTR) lost 3.28%, Robinhood (HOOD) 2.9%, and Gemini (GEMI) 2.87%. The Dow, S&P 500, and Nasdaq also declined by 0.67%, 0.5%, and 0.65% respectively. Crypto analysis suggests market sentiment remains bearish ahead of key macroeconomic updates.
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