S&P 500 futures fall 2%… crypto-related stocks broadly weaker in premarket trading
Minseung Kang
Summary
- U.S. S&P 500 index futures extended their decline to as much as 2%.
- Crypto-related stocks were broadly lower in premarket trading ahead of the U.S. market open.
- The market said selling pressure is continuing across crypto-related equities as risk-off sentiment spreads.
Forecast Trend Report by Period
U.S. S&P 500 index futures extended losses to as much as 2%.
According to BlockBeats, a U.S. crypto (cryptocurrency)-focused media outlet, crypto-related names are broadly trading lower in premarket action on 3.
Strategy fell 3.81%, while Coinbase declined 4.84%. Circle plunged 6.16%.
Bitcoin (BTC) mining-related stocks also came under pressure. Mara Holdings fell 5.08% and Riot Platforms dropped 4.56%. BitMine, the world’s largest corporate holder of Ethereum (ETH), slid 5.05%, and SharpLink Gaming fell 5.28%.
Meanwhile, the market sees selling pressure persisting across crypto-related equities as risk-off sentiment spreads.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
