Crypto Stocks See Mixed Pre-Market Results as MicroStrategy Rises and ALT5 Sigma Falls

Following a broader market downturn, cryptocurrency-related stocks experienced widespread losses at the market open, with ALT5 Sigma (ALTS) plunging 20% and other major firms like Coinbase also seeing declines.

Summary

On September 2, U.S. stock markets opened lower, leading to a widespread decline in cryptocurrency-related stocks. This followed a mixed pre-market session where ALT5 Sigma (ALTS) had already dropped 9.3%, a loss that steepened to 20% at the open. Other companies followed the downward trend, with Coinbase (COIN) declining 2.29%, Circle (CRCL) down 3.88%, and BTCS losing 4.67%.

Terms & Concepts
  • Pre-market performance: Trading activity that occurs before official market opening hours, often indicating potential market sentiment for the upcoming session.