U.S. stock market open: Crypto-related stocks diverge, MicroStrategy edges up slightly, mining companies mostly decline

SerumDegen

2025-12-03 14:38:18

[BlockBeats] On December 3rd, as the US stock market opened, the overall market weakened—Dow Jones slipped 0.05%, S&P 500 and Nasdaq retreated 0.23% and 0.4%, respectively.

The crypto sector showed clear divergence. MicroStrategy (MSTR) edged up 0.51%, continuing its Bitcoin accumulation narrative; Coinbase (COIN) rose 1.11%, with the leading exchange remaining resilient. Circle (CRCL) fell 1.01%, signaling some weakness in the stablecoin sector.

In mining: MARA Holdings pulled back 0.5%, Riot Platforms’ decline widened to 1.5%, putting pressure on the mining sector. However, Bitmine Immersion (BMNR) bucked the trend and surged 2.59%, with immersion cooling technology potentially becoming a differentiator.

Notably, SharpLink Gaming (SBET) soared 2.9%—this Web3 gaming concept stock has been active recently, attracting increasing short-term capital attention.

BTC-0.18%

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AirdropSweaterFan

· 12-03 15:08

Mining companies are dumping again. This market trend is really hard to describe.

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MetaDreamer

· 12-03 15:06

Mining companies are getting hit again; the hashrate in this cycle is really weak. The coin-hoarding strategy used by MSTR is still the most reliable—that guy just never drops.

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LiquidatedThrice

· 12-03 15:05

Mining companies are dropping again, only MSTR is holding strong. The logic of hoarding coins really works. --- COIN up 1% is not bad, at least the exchange hasn't crashed. The stablecoin side is indeed a bit weak, Circle needs to step up their game. --- The hashrate sector is really underperforming, both MARA and Riot are bleeding. When will they make a comeback? --- Even a slight increase of 0.51% is worth hyping up—this is just another day for MSTR. Bitcoin faith is valuable. --- Such obvious divergence, the whole market probably doesn't have any core logic, everyone's just doing their own thing. --- Stablecoins have cooled off, CRCL dropping 1 point isn't much, but the trend feels a bit rough. --- Mining companies are collapsing across the board. When will the mining industry see a bull market? I'm getting numb from waiting.

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ChainMemeDealer

· 12-03 14:56

Mining companies are getting hit again, this round of the market is really underperforming. MSTR is still stubbornly holding onto Bitcoin, that’s real conviction... But on the other hand, COIN going up 1 point has at least stabilized things a bit, exchanges are just resilient.

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AlwaysAnon