The US stock market is showing signs of recovery after a sell-off caused by the Federal Reserve. GameStop's stock is up over 4% for the fourth consecutive day following a post by Keith Gill, aka "Roaring Kitty." While GameStop is surging, crypto-linked stocks like MicroStrategy, Coinbase, and Riot Platforms are sliding due to Bitcoin's decline. Bitcoin itself is down 3%. Despite Bitcoin's significant gains this year, traders are preparing for volatility due to the expiration of major Bitcoin and Ether derivatives contracts. The broader crypto market, including tokens like Ether, Solana, and Dogecoin, is also down. Additionally, jobless claims and concerns about the holiday trading buzz are impacting market sentiment.
- Content Editor ( cryptopolitan.com )
- 2024-12-26
GameStop, MicroStrategy, and Coinbase stocks among top performers today