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Crypto-related stocks fall after June 3 U.S. open as Intel jumps 8.9%

Crypto-related stocks fall after June 3 U.S. open as Intel jumps 8.9%

U.S. losses deepened intraday on June 4, led by a more than 1% Nasdaq drop, while crypto-linked shares and Nvidia fell and Marvell Technology held onto smaller gains.

Fact Check
Two caller-supplied Chinese-language market flashes (PANews and Odaily) explicitly attribute the data to Bybit and report all three U.S. indexes closing higher with crypto-concept stocks broadly falling and the VIX up 4.77% on June 1, 2026. Investopedia's independent June 1, 2026 markets recap corroborates the index direction and magnitudes (Dow +0.1%, S&P +0.3%, Nasdaq +0.4%) and notes a sharp retreat in Bitcoin from above $74,000 to $71,500, consistent with the reported weakness in digital-asset-linked equities. Minor differences in decimals across sources reflect intraday timing and routine rounding, not a factual conflict.
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Summary

U.S. stock losses widened intraday on June 4, with the Nasdaq falling more than 1%, the S&P 500 down 0.7% and the Dow lower by 0.9%, according to Bitget market data cited by BlockBeats. The semiconductor index pared its advance to less than 0.8% as Marvell Technology (MRVL) rose 4.6% and Nvidia (NVDA) fell more than 3%. Crypto-related stocks also declined, including Strategy (MSTR) down 4.3%, Coinbase (COIN) down 5.2%, Circle (CRCL) down 8.5% and BitMine Immersion (BMNR) down 5.9%. The update adds a later intraday snapshot to earlier coverage that had shown crypto-linked shares mostly weaker at the June 3 U.S. open even as semiconductor and storage names initially outperformed.

Terms & Concepts
  • Crypto-related stocks: Publicly traded companies whose businesses are tied to digital assets, trading platforms, token ecosystems, or related market infrastructure.