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Midday Sell-Off in US Stocks Deepens, SharpLink Tumbles Over 5%
BlockBeats News, September 2nd, according to market data, the US stock market saw a further decline during the trading session, with the Nasdaq falling by 1.6%, the Dow Jones falling by 1.02%, and the S&P 500 Index falling by 1.32%. Cryptocurrency-related stocks experienced a general decline, including:
WLFI Treasury Company's ALT5 Sigma (ALTS) plummeted by 28.3%. On August 11th, it announced the launch of a $1.5 billion private placement for WLFI Treasury Strategic Initiative, with Eric Trump, son of former President Donald Trump, joining the board;
Bitmine (BMNR) fell by 0.76;
SharpLink Gaming (SBET) dropped by 5%;
Circle (CRCL) declined by 7.2%;
Strategy (MSTR) bucked the trend and rose by 3%.
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Analysis: The main reason for the recent cryptocurrency market crash was the Bank of Japan hinting at a rate hike and market concerns about a potential "Strategy" disaster.
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