On Christmas Day, the US stock market closed early. The market performed quite well: the Dow Jones rose 0.6% to a new closing high, the S&P 500 also increased by 0.32% to a new high, and the Nasdaq gained a slight 0.22%.
In the tech sector, Micron Technology led the gains with a 3.77% increase, and Apple also followed suit, rising 0.53%. Intel, however, lagged behind and fell 0.52%.
The crypto-related concept stocks showed a clear divergence. MSTR rose 0.53%, helping to support the market; but COIN was less impressive, dropping 1.06%, CRCL fell 0.21%, and SBET and BMNR were also in the red, down 0.43% and 1.41% respectively. It seems that market enthusiasm for these crypto-related assets is cooling down.
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SwapWhisperer
· 10h ago
COIN is still dropping during Christmas? This pace is a bit awkward, it feels like crypto concept stocks are really cooling off.
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MetaverseLandlady
· 11h ago
MSTR is just stubbornly holding on alone, while all other crypto and stock markets are in the red. The hype has definitely cooled down.
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MissedAirdropBro
· 11h ago
COIN has dropped again, is this a hint for us to wake up?
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LiquidityHunter
· 11h ago
Micron's 3.77% increase is quite sharp... Is the liquidity depth enough to support this price gap? When I checked the DEX data early in the morning, I didn't find any arbitrage opportunities against the spot, it feels like it's being accumulated.
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WenMoon
· 11h ago
MSTR alone is holding up the scene, while other crypto concept stocks are all in the red. The enthusiasm is indeed cooling down.
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BearMarketBard
· 11h ago
Crypto stocks are taking a pretty hard hit this time, with COIN dropping over 1%. It seems like everyone has no mood to trade crypto during Christmas.
MSTR is fighting alone to support the market, while others are all in the red. The divergence is indeed quite sharp.
Is Micron going crazy? 3.77%. Are chips still being hotly traded this round?
Today, the entire crypto concept stock sector feels like a gathering that was suddenly cold — a bit awkward.
Holiday effect? Or has the enthusiasm really cooled down? It depends on how the New Year transition goes.
On Christmas Day, the US stock market closed early. The market performed quite well: the Dow Jones rose 0.6% to a new closing high, the S&P 500 also increased by 0.32% to a new high, and the Nasdaq gained a slight 0.22%.
In the tech sector, Micron Technology led the gains with a 3.77% increase, and Apple also followed suit, rising 0.53%. Intel, however, lagged behind and fell 0.52%.
The crypto-related concept stocks showed a clear divergence. MSTR rose 0.53%, helping to support the market; but COIN was less impressive, dropping 1.06%, CRCL fell 0.21%, and SBET and BMNR were also in the red, down 0.43% and 1.41% respectively. It seems that market enthusiasm for these crypto-related assets is cooling down.