Cryptocurrency concept stocks fell across the board, with MicroStrategy dropping nearly 2%
US stocks opened slightly higher, with the Dow Jones up 0.05%, the Nasdaq up 0.13%, and the SP 500 index up 0.08%. The SEC clarified that it has not yet approved a Bitcoin ETF, causing Bitcoin to briefly fall below $45,000. Cryptocurrency-related stocks generally declined, with Marathon Digital and Riot Platforms falling over 3% and MicroStrategy falling nearly 2%.
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The Dow Jones Index closed down 498.5 points, with the S&P 500 and Nasdaq also declining.
All three major U.S. stock indexes closed lower.
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