The US stock market opened with all three major indices falling, and encryption concept stocks leading the decline by more than 7%.

ZkSnarker

2025-12-01 14:34:18

[BitPush] The U.S. stock market opened not too well today, with all three major indices falling collectively - the Dow Jones down 0.63%, the S&P 500 down 0.6%, and the Nasdaq down even more at 0.85%. Stocks related to encryption also couldn't withstand the pressure, with a certain Compliance exchange falling 4.42%, BitMine directly plummeting 7.23%, Circle falling relatively less at 1.96%, and Strategy also down 5.67%.

Given this situation, when the sentiment in the traditional market is poor, it is difficult for the encryption sector to stand out on its own. Several major encryption concept stocks have even fallen more sharply than the broader market, as investors may prioritize selling off more volatile assets when their risk appetite decreases.

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airdrop_huntress

· 12-01 17:51

Here we go again, when the market falls, encryption dies even faster, it's really ridiculous. BitMine's 7 points directly broke the defense, who can withstand this wave? When the overall environment is bad, the ones with high fluctuation are the first to get hit, once the risk appetite drops, it's all over. When the traditional market catches a cold, encryption has a fever, when can we ever depeg? This is why I'm still timid and didn't dare to take a Heavy Position in those concept stocks.

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just_another_wallet

· 12-01 15:04

Here it comes again, as soon as there's a fall, the encryption gets cut first, isn't this the usual operation? --- BitMine is having a tough time this round, 7 points just disappeared --- When risk appetite turns, encryption is the first to suffer, it's really the cost of high beta --- Compliant exchanges have all fallen more than 4%, what does that indicate... the market isn't buying it --- In times like this, wanting to stay unscathed is just overthinking, haha --- Every time the market isn't doing well, encryption has to take the blame, when will it turn around --- Circle is holding up relatively well, while the others are just lying flat --- A 0.85% drop in the Nasdaq results in more than a 5% drop in encryption stocks, that's quite a difference in proportion.

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Liquidated_Larry

· 12-01 14:58

Here it comes again, this is what I often say - when the market coughs, the crypto world catches a cold and has a fever. The 7% drop from BitMine was too harsh, if I had known, I would have gone fully short yesterday. That's how it is when risk appetite decreases, retail investors run away first, and the ones who suffer are the dumb buyers.

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BearMarketSurvivor

· 12-01 14:41

Here it comes again, the market coughs and encryption goes straight to pneumonia. BitMine's 7% drop is really harsh; those who should have run have already run. When risk appetite decreases, we become a chip pool over here, which is uncomfortable. Only in a bad market can we see who truly has fundamentals; for most, it's just a game of Volatility. In times like this, it's better to lie low and wait for market sentiment to recover before making any moves.

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MetaverseVagabond

· 12-01 14:39

Here it comes again, every time the market isn't doing well, crypto has to take a hit. This wave of BitMine has me on a roller coaster, it's really crazy. How are those who entered at a high position doing? I need to cry for a bit. Once risk appetite drops, we become stepping stones, it's tough. Is the A-shares market also falling? No one around the globe is having good days. I've said it long ago, high volatility assets carry high risks, now you believe it, right? The traditional market is dragging us down, and crypto is caught in the crossfire, this rhythm is truly absurd. Circle is still holding up, but others really can't take a hit. Falling even more than the market? That's ridiculous, why are the sellers so ruthless? Wait, is it going to keep falling? I need to consider whether to cut loss.

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