Major U.S. indexes opened and closed higher, but crypto-linked equities traded unevenly and later underperformed, with gains in CRCL and ABTC offset by declines in Coinbase, MicroStrategy, DeFi Development, and FRMM.
U.S. equities finished higher after also posting a positive open, though there is a discrepancy with an earlier report that had described weaker opening conditions. At the close, the Dow Jones Industrial Average gained 0.58%, the S&P 500 rose 0.37%, and the Nasdaq Composite added 0.19%. During the session, crypto-related stocks diverged from the broader market: early trading showed CRCL up 0.44% and ABTC up 1.77%, while Coinbase fell 0.79%, MicroStrategy declined 0.35%, and SBET slipped 0.15%. By the close, weakness in the sector had deepened, with DeFi Development down 8.33%, FRMM falling 6.97%, and Coinbase losing 4.43%, indicating underperformance in digital-asset-linked equities despite broader market gains.