The US stock market reached new highs, but encryption concept stocks collectively experienced a pullback.

2025-12-24 00:56:13

On December 24, the interesting aspect of the US stock market is that while the major indices steadily rose, with the Dow up 0.16%, the Nasdaq up 0.57%, and the S&P 500 index rising 0.45% to set a new closing high, the encryption concept stocks, on the other hand, were all in the red, showing a clear divergence.

The performance of several leading encryption companies is the most eye-catching. The largest compliant platform in the U.S. (COIN) fell by 2.26%, the stablecoin operator (CRCL) saw a deeper decline of 4.91%, while the company known for bottom fishing BTC (MSTR) dropped by 3.92%. Exchange concept stocks also didn't escape, with (BLSH) falling by 6.26% and (GEMI) by 5.54%.

The mining sector is also under great pressure - (BMNR) down 4.21%, (BTBT) down 4.52%. Gaming and other encryption-related concepts are also adjusting, (SBET) down 3.45%, (ALTS) down 5.69%, (ABTC) down 4.62%. Among them, (ETHZ) has the most outrageous decline, plummeting 15.08%, almost halving its value.

Overall, the phenomenon of a hot market and cold sectors may reflect the market's cautious attitude towards the encryption track in the short term.

BTC0.37%

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MemeEchoer

· 21h ago

The market is doing well, but the crypto world is being hit hard, it's really incredible. COIN has fallen this much, and even Compliance can't save it? MSTR buying the dip has resulted in losses, haha. The mining industry really can't hold up this wave, why does it feel like it's been crashing down since the peak? Stablecoin has also fallen over 4, outrageous. The market has reached a new high while the crypto world is at a new low, two different worlds, everyone. BLSH has dropped by 6 points? I'm feeling a bit cowardly. Is there no concept stock that can hold up? The curse before Christmas?

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NFTArchaeologist

· 21h ago

The market rises while encryption falls, I'm really impressed by this operation, it feels like I've been played for a sucker.

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LiquidationWatcher

· 21h ago

The market is rising while encryption is falling? This is ridiculous, it really feels like being chosen. Is the whipsaw about to start again, or are institutions quietly changing hands? MSTR has fallen, how does the queen of ARK see this wave? It feels a bit off. Is it a show to play people for suckers before Christmas?

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PumpAnalyst

· 21h ago

The overall market reached a new high while crypto stocks are all in the red, which is a clear blood-sucking signal. The market maker is playing the old trick of playing suckers. What does a 2.26% fall in COIN mean? CRCL directly plummeted by 4.91%. Is this closing all positions or a Rug Pull? The technical aspect has already broken. I remember just a few days ago there were people rushing into MSTR, and now looking back, there's a direct loss of 3.92%. This is the price of chasing the price, brother. The mining zone can't hold on anymore, and BTBT falling by 4.52% is no surprise at all; it should have bottomed out long ago. However, this wave of decline feels like it hasn't fully released.

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