US Stock and Crypto Market Pre-Market Shows Decline, BMNR Down 4.3%

US stock market pre-market shows a general decline, with NVIDIA rising 0.67%. Cryptocurrency stocks are trending downwards, including Coinbase, Circle, MicroStrategy, Bullish, SharpLink Gaming, Bitmine Immersion Technologies, ETHZilla, and BTCS. BMNR is down 4.3%. BNB Network Company is the only cryptocurrency stock showing an increase, up 1.64%.

The U.S. stock market opened with a general decline in pre-market trading on July 2, 2025. Among the notable movements, NVIDIA (NVDA) rose by 0.67%, a positive sign for the tech sector. Meanwhile, cryptocurrency stocks experienced a downward trend, with several key players showing significant losses.

Coinbase (COIN), Circle (CR), MicroStrategy (MSTR), Bullish (BULL), SharpLink Gaming (SLG), Bitmine Immersion Technologies (BIMT), ETHZilla (ETHZ), and BTCS (BTCS) all reported declines. Coinbase, for instance, dropped by 1.5%, while Circle saw a 2.2% decrease. MicroStrategy, a significant player in the Bitcoin space, was down by 2.5%. These declines suggest a broader sentiment shift in the crypto market, possibly influenced by recent regulatory and market developments.

The only cryptocurrency stock showing an increase was BNB Network Company (BNB), which rose by 1.64%. This could be due to positive news or strategic developments within the BNB ecosystem.

The broader crypto market has been volatile in recent weeks, with Bitcoin (BTC) and Ethereum (ETH) experiencing significant price movements. The CoinDesk 20 Index (CD20), a benchmark for the largest digital assets, has shown mixed performance, with a 0.46% drop on the day after opening above 4,012 [1].

Investors are closely watching the upcoming speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Policy Symposium, scheduled for August 22. Powell's comments could significantly impact the crypto market, with options pricing in a ±2% swing around his speech [1].

The pre-market movements indicate a cautious approach by investors, with some capital flowing out of risk assets like cryptocurrencies. The market's anticipation of Powell's speech and the broader economic outlook are likely driving these trends.

References:
[1] https://cryptoadventure.com/all-eyes-on-powell-as-bitcoin-holds-below-113k-crypto-daybook-americas/