On January 10th, the US stock market showed a mixed picture. The three major indices all closed higher, with the Dow Jones Industrial Average reaching a new intraday high and ultimately closing up 0.48%. The S&P 500 performed even better, closing up 0.65%, while the Nasdaq led the market with a gain of 0.81%.

However, during this rally, cryptocurrency concept stocks experienced a clear decline. The performance was quite polarized. Coinbase fell 1.96%, Bullish dropped 2.29%, Gemini declined 4.51%, US Bitcoin companies (ABTC) and ALT5 Sigma fell 4.19% and 4.17% respectively, with MicroStrategy suffering the largest drop of 5.77%.

A few concept stocks bucked the trend and rose, with Circle performing the best, up 2.78%. Others like Bit Digital and BTCS Inc saw relatively moderate declines. Overall, despite the positive market environment, the performance of crypto concept stocks clearly lagged behind, and investor sentiment towards this sector was noticeably cautious. This may reflect differing market views on the profitability prospects of companies related to crypto assets.