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U.S. stock market opens with the crypto sector declining across the board, with MSTR and RIOT leading the decline by over 5%.
【Block Rhythm】On November 7th, the US stock market opened poorly, with the three major indices all plunging. The S&P 500 directly broke through the 6700-point mark, and the Nasdaq also failed to hold the 23,000-point level. The crypto sector was even more red across the board.
Looking at the market, Strategy(MSTR) fell 5.14%, making this correction quite sharp; Circle(CRCL) dropped 2.07%, relatively resilient; Coinbase(COIN) retreated 1.28%, still relatively stable among leaders; mining companies saw MARA Holdings(MARA) down 3.73%, Riot Platforms(RIOT) more severely at -5.48%; Bitmine Immersion(BMNR) dipped 1.35%; SharpLink Gaming(SBET) also declined by 2.42%.
The entire crypto concept stock sector was under collective pressure today, indicating that market sentiment is quite cautious. During such times, friends holding positions should stay calm, as short-term fluctuations are normal.