According to MSX.COM and Bybit, crypto-linked U.S. stocks opened unevenly on May 28, with Coinbase declining, Robinhood edging higher, and broader equity indexes showing only modest moves.
Crypto-linked U.S. stocks showed weakness and mixed performance around the May 28 market open, underperforming or diverging from broader equity indexes depending on the name tracked. According to MSX.COM, premarket losses included UPXI down 5.95%, DFDV down 4.62%, BTCS down 2.58%, BTBT down 2.46%, and Strategy down 2.26%. At the open, MSX.COM reported Strategy down 5.77%, Coinbase down 1.87%, Circle down 3.2%, and BitMine Immersion down 4.5%, while Bybit reported Coinbase down 1.74% and Robinhood up 0.49%. The broader market data also differed between the two reports: MSX.COM showed the Dow down 0.06%, the S&P 500 down 0.47%, and the Nasdaq up 0.04%, while Bybit showed the Dow up 0.10%, the S&P 500 up 0.01%, and the Nasdaq up 0.23%. Overall, the combined data points to a generally weak but not uniform open for crypto-linked equities.