Crypto-related stocks fall despite higher US market open

The three major U.S. stock indices opened higher today, with the Dow Jones up 0.18%, the S&P 500 up 0.09%, and the Nasdaq up 0.16%. In contrast, major cryptocurrency-related stocks are broadly weaker. Strategy (MSTR) is down 2.18%, Coinbase (COIN) has fallen 1.52%, SharpLink (SBET) is down 1.07%, Bitmine (BMNR) has dropped 2.39%, and American Bitcoin (ABTC) is down 0.48%.