U.S. Stock Indices Tame Losses as Bitcoin Soars

Despite initial losses, U.S. stock indices experienced a narrowing decline during trading. The Dow Jones Industrial Average saw a 1% decrease. Meanwhile, the cryptocurrency market witnessed a significant surge in Bitcoin prices, reaching $111,500. This movement sparked gains across various crypto-related stocks. Notably, ETHZilla (ETHZ) climbed 2.1%, Bitmine (BMNR) rose by 1.17%, Strategy (MSTR) surged 2%, MARA Holdings (MARA) advanced 1.8%, and Riot Platforms (RIOT) saw a 2.1% increase.