[Crypto World] The US stock market closed out the week fairly steady. At Friday’s close, all three major indices moved up together, but gains were modest—Dow Jones edged up 0.22%, Nasdaq climbed 0.31%, and S&P 500 gained 0.19%. Looking at the week as a whole, the Nasdaq stood out the most with a weekly increase of 0.91%; the Dow rose 0.5% for the week; and the S&P was up 0.31%.
Among tech giants, there was a clear divergence: Google and Meta performed well, both up over 1% in a single day; Apple and Nvidia were somewhat weak, with small declines of less than 1%. Crypto stocks weren’t as lucky—a leading compliant exchange platform (COIN) pulled back 1.58%, while stablecoin issuer Circle (CRCL) slipped 2.10%. Market sentiment was cautious, and crypto-related stocks were clearly under pressure.
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StakeOrRegret
· 18h ago
The Nasdaq's gains are decent, but look at the declines in COIN and CRCL... got harvested again?
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ChainProspector
· 12-06 01:10
Here we go again. US stocks are stable, but crypto stocks are dropping. We've seen this trick too many times.
Meta and Google are having a good time, but our crypto circle ends up as the sucker again. COIN dropping 1.5% is one thing, but Circle losing those two points is just laughable.
The Nasdaq is up less than 1%, yet crypto stocks are falling twice as much. The market really doesn't have faith in this sector.
Weren't tech stocks supposed to lead the way? Why does everything change when it comes to crypto? Honestly, it's a bit demoralizing.
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StakeHouseDirector
· 12-06 01:09
Another week where the crypto sector took a hit.
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LowCapGemHunter
· 12-06 01:07
Crypto stocks took another hit this week—COIN dropped 1.58%, and CRCL did even worse, down a full 2 points... The broader market is steady and tech stocks are up, but we're still getting rekt on our side.
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BearHugger
· 12-06 00:57
The crypto sector took another hit this week, with COIN down 1.58% and CRCL faring even worse at -2.10%... While big tech stocks are all rising, it’s just us over here left out in the cold.
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PrivateKeyParanoia
· 12-06 00:42
It’s been another week of the crypto sector getting hammered. The double whammy of COIN and CRCL really hurts.
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YieldHunter
· 12-06 00:41
nah those crypto stock dumps are actually textbook behavior if you look at the correlation coefficient with btc volatility rn... degens getting shaken out before the real move imo
U.S. stocks closed the week on a strong note with the Nasdaq leading the gains, while crypto-related stocks came under pressure against the trend.
[Crypto World] The US stock market closed out the week fairly steady. At Friday’s close, all three major indices moved up together, but gains were modest—Dow Jones edged up 0.22%, Nasdaq climbed 0.31%, and S&P 500 gained 0.19%. Looking at the week as a whole, the Nasdaq stood out the most with a weekly increase of 0.91%; the Dow rose 0.5% for the week; and the S&P was up 0.31%.
Among tech giants, there was a clear divergence: Google and Meta performed well, both up over 1% in a single day; Apple and Nvidia were somewhat weak, with small declines of less than 1%. Crypto stocks weren’t as lucky—a leading compliant exchange platform (COIN) pulled back 1.58%, while stablecoin issuer Circle (CRCL) slipped 2.10%. Market sentiment was cautious, and crypto-related stocks were clearly under pressure.