Breaking
US Crypto-Linked Stocks Turn Higher; Strategy, Coinbase Gain More Than 2%
Minseung Kang
Summary
- US crypto-linked stocks turned higher after falling earlier in the session.
- Shares tied to the sector were broadly stronger, with Strategy (MSTR) up 2.04%, Coinbase (COIN) gaining 2.08% and American Bitcoin (ABTC) jumping 6.73%.
- US memory and semiconductor shares, along with the Philadelphia Semiconductor Index, all moved lower.
Crypto-linked stocks in the US market erased intraday losses and turned higher.
According to crypto media outlet BlockBeats on October 12, Strategy (MSTR) rose 2.04% and Coinbase (COIN) gained 2.08%. Circle (CRCL) added 0.91%, SharpLink Gaming (SBET) climbed 0.93%, Bitmine Immersion Technologies (BMNR) advanced 1.01%, and Robinhood (HOOD) rose 0.34%. American Bitcoin (ABTC) jumped 6.73%.
By contrast, US memory and semiconductor shares were weaker. Sandisk fell 6.74% and Micron Technology dropped 4.31%, while SK hynix and Seagate Technology declined 4.09% and 2.85%, respectively. Western Digital lost 2.15%, and the Philadelphia Semiconductor Index fell 2.07%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.