U.S. stocks closed higher across the board…cryptocurrency-related stocks also rose

Doohyun Hwang

Summary

U.S. stocks closed higher, and cryptocurrency-related stocks generally showed strength.
In particular, BNB Network Company (BNC) surged 20.6% to record the highest gain among related stocks.
By contrast, ALT5 Sigma (ALTS) fell 0.53% and showed a slightly weak trend.

U.S. stocks closed higher on the 28th (local time), and major virtual asset (cryptocurrency)-related names generally showed strength. In addition to hopes for interest rate cuts, the overlap with Black Friday drove gains in the retail sector, which helped lift the market.

According to market data, the Dow Jones Industrial Average rose 0.61%, the S&P 500 rose 0.54%, and the Nasdaq Composite rose 0.65% that day. As buying flowed into risk assets broadly, most virtual asset–linked names also recorded gains.

Coinbase (COIN) rose 2.96%, Circle (CRCL) rose 10%, Strategy (MSTR) rose 0.88%, and Bullish (BLSH) rose 1.82%.

Among mining and infrastructure-related names, Bitmine (BMNR) rose 4.35%, Sharplink Gaming (SBET) rose 3.61%, and BTCS rose 2.91%.

BNB Network Company (BNC) surged 20.6%, showing the largest gain among related stocks that day. By contrast, ALT5 Sigma (ALTS) fell 0.53% and showed a slightly weak trend. American Bitcoin (ABTC) closed up 0.95%.