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On September 2, the US stock market opened lower, with the Dow retreating 0.9%, the S&P 500 down 1.2% and the Nasdaq off 1.7%, a session that weighed on growth-sensitive and crypto-linked equities.
Cryptocurrency stocks recorded widespread declines: WLFI Treasury’s ALT5 Sigma (ALTS) plunged about 20% after announcing a $1.5 billion private placement and an August 11 board appointment; Bitmine (BMNR) fell 1.72%, SharpLink Gaming (SBET) 2.6%, Coinbase (COIN) 2.29%, Circle (CRCL) 3.88%, MicroStrategy (MSTR) 0.13%, BTCS (BTCS) 4.67% and ETHZilla (ETHZ) 0.75%.
These price moves underscore elevated volatility in the crypto market and in crypto-related equities, which market participants will monitor alongside macroeconomic data and regulatory developments.
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