Bitcoin-Related Stocks Show Mixed Performance Amid Tesla’s Revenue Warning and Market Gains
Main Idea
US equity markets closed higher on July 24th, with mixed performance among crypto-related stocks, influenced by Tesla's revenue warning and varying investor sentiment.
Key Points
1. The Dow Jones Industrial Average rose 1.1%, the S&P 500 increased 0.78%, and the Nasdaq Composite gained 0.6%.
2. Tesla's shares rose 0.14% during regular trading but fell 4.42% after-hours due to Q2 2025 revenue of $22.496 billion, down from $25.5 billion year-over-year.
3. Bitmine Immersion (BMNR) dropped 2.06%, SharpLink Gaming (SBET) declined 5.8%, while Bit Digital (BTBT) gained 2.75% and Circle rose 2.07%.
4. Coinbase shares fell 1.6%, and MicroStrategy declined 3.22%, reflecting mixed investor sentiment in crypto equities.
Description
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