US Stock Market Move | The concept stocks of encrypted currency fell across the board, with Strategy (MSTR.US) falling by more than 7%

On Tuesday, the concept stocks of cryptocurrencies were generally down, with Strategy (MSTR.US) and Circle (CRCL.US) dropping more than 7%, and Coinbase (COIN.US), BitMine (BMNR.US), CleanSpark (CLSK.US), and MARA Holdings (MARA.US) dropping more than 3%. In terms of news, cryptocurrencies weakened again, with Bitcoin falling by 1.4% and breaking below the key $59,000 level; Ethereum dropped by 0.5% to $1571.21. Additionally, after the Bitcoin price fell below the key support level of $60,000, there was an abnormal movement of funds in the market, with over 550,000 BTC being transferred to recharge accounts of Binance and OKX, far exceeding the average daily level this year. Analysts pointed out that such large-scale fund transfers are usually seen as a precursor to holders preparing to cash out or engage in collateral financing, especially in a downward price cycle, with significant negative implications.