In early trading, U.S. equities opened on a softer note, with all three major indices in the red. The Dow Jones Industrial Average slipped 0.02%, the S&P 500 eased 0.13%, and the Nasdaq Composite dipped 0.19% at the open.

Within the broader market, cryptocurrency-themed equities bucked the downbeat trend, recording gains as investors rotated into blockchain exposure. Marathon Digital (MSTR) rose 2.5%, Circle (CRCL) climbed 5.1%, Coinbase (COIN) advanced 1.7%, MARA Holdings (MARA) gained 2.4%, Riot Platforms (RIOT) edged up 0.04%, BitMine Immersion (BMNR) rose 0.7%, and SharpLink Gaming (SBET) added 0.68%.

This divergence underscores a sector-specific rotation rather than a broad macro signal, suggesting readers focus on stock-specific fundamentals and liquidity conditions affecting crypto-linked names.