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US stocks' correction impacts the crypto ecosystem, with 12 listed companies collectively pulling back, GEMI drops over 11%
【Blockchain Rhythm】On December 13, U.S. stocks experienced a significant correction. The S&P 500 index fell by 1.07%, while the Nasdaq Composite index declined even more, closing down 1.69%. The Dow Jones Industrial Average initially rose before falling back, reaching a historical high during the session, but ultimately ended the day with a decline of 0.51%.
This wave of correction affected the entire crypto asset ecosystem’s listed companies sector. From compliant platforms to mining firms, from game development to Bitcoin trusts, the declines varied from mild to severe.
The leading companies performed relatively resilient: a certain compliant platform (COIN) only dropped 0.58%, stablecoin issuer Circle (CRCL) fell 5.76%, Bitcoin accumulation company MSTR declined 3.74%, and blockchain platform EOS-backed Bullish (BLSH) decreased by 4.05%. However, Gemini (GEMI) couldn’t withstand the pressure, with a single-day drop of 11.81%, making it one of the hardest-hit in this correction.
Mid-tier companies experienced generally deeper declines. Bitmine (BMNR) fell 9.17%, BTCS (BTCS) declined 9.01%, Bit Digital (BTDT) dropped 8.54%, SharpLink Gaming (SBET) decreased by 8.85%, and ETHZilla (ETHZ) also fell 8.5%. These companies, spanning from mining to game development and various ecological applications, all suffered.
BNB Network Company (BNC) declined 4.81%, ALT5 Sigma (ALTS) fell 2.63%, and American Bitcoin (ABTC) dropped 2.73%.
Overall, this correction was not limited to large or small companies but represented a systemic retreat. When market sentiment is weak, all listed companies within the crypto ecosystem tend to follow suit.