US stocks opened broadly lower across the board, with cryptocurrency-related stocks suffering the heaviest losses.

AllInAlice · 2026-03-23T13:43:46+00:00

At the end of February, the U.S. stock market experienced a comprehensive decline, with all three major indices falling over 0.7%. The Dow Jones Index fell 0.75%, while the Nasdaq dropped 1.2%. Cryptocurrency-related stocks performed particularly poorly, with BMNR experiencing the largest decline of 3.69%, as market sentiment turned cautious.

AllInAlice

2026-03-23 13:43:46

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By the end of February, the U.S. stock market experienced a collective decline at opening, with this adjustment affecting everything from traditional indices to tech concept stocks. In the cryptocurrency-related stock sector, the decline was especially pronounced, with BMNR dropping 3.69%, marking the largest decline of the day.

Major indices all declined, with losses exceeding 0.7%

The three major U.S. stock indices all came under pressure at the open. The Dow Jones fell 0.75%, the S&P 500 declined 0.82%, and the Nasdaq dropped the most, at 1.2%. This coordinated decline indicates a generally cautious market sentiment. Amazon’s stock fell 0.44%, shortly after announcing a partnership with OpenAI and participating in a new funding round totaling $11 billion, with Amazon investing $5 billion.

Cryptocurrency-related stocks led the declines, with several dropping over 3%

In this adjustment, stocks related to the cryptocurrency industry chain performed the most notably — or rather, the most poorly. MSTR fell 2.63%, COIN declined 3.12%, CRCL dropped 3.21%, SBET decreased 3.61%, and BMNR plunged 3.69%. These stocks’ declines all exceeded the overall market level, reflecting a decreased risk appetite for cryptocurrencies and related assets. For investors focusing on these concept stocks, the volatility of cryptocurrency-related stocks is often more intense than that of traditional indices.

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