On September 16, crypto-related stocks showed divergent performance during the overnight session, with most mainstream names under pressure. As of press time, the sector displayed broad-based declines as investors remained cautious on crypto-linked equities amid Bitcoin price volatility.
MicroStrategy (MSTR.US) fell 0.53% in overnight trading to $128.91. As the public company with the largest Bitcoin holdings, its stock price is highly correlated with crypto asset prices. Coinbase (COIN.US) declined 0.22% to $171.74. As the largest cryptocurrency exchange operator in the US, its trading volume is significantly influenced by market sentiment. Robinhood (HOOD.US) dropped 0.39% to $110.02, offering crypto trading services though representing a smaller portion of its business.
Bitmine Immersion Technologies (BMNR.US) fell 0.89% to $23.39, while Circle Internet Financial (CRCL.US) declined 1.44% to $85.06. Notably, Circle's derivative instrument CRCD.US bucked the trend with a 2.74% gain to $2.25, while CCUP.US fell 3.59% to $22.85. Overall, the crypto sector saw light overnight trading volume as investors await further macroeconomic data guidance.
Sector constituents
| Name | Ticker | Last | Change |
|---|---|---|---|
| Circle Derivative | CRCD.US | 2.25 | +2.74% |
| Coinbase | COIN.US | 171.74 | -0.22% |
| Robinhood | HOOD.US | 110.02 | -0.39% |
| MicroStrategy | MSTR.US | 128.91 | -0.53% |
| Bitmine | BMNR.US | 23.39 | -0.89% |
| Circle | CRCL.US | 85.06 | -1.44% |
| Coinbase Derivative | CCUP.US | 22.85 | -3.59% |