US Stocks Close Lower; Gold, Silver, and Blockchain Stocks Decline

Major U.S. stock indices concluded trading in the red on Wednesday. The Dow Jones Industrial Average fell by 0.36%, though it registered a 1.73% gain for January. The Nasdaq Composite saw a decline of 0.94%, with a 0.95% increase for the month. The S&P 500 index dropped 0.43%, but still managed a 1.37% rise in January.

Stocks in the gold and silver sectors experienced significant downturns. The iShares Silver Trust, the world's largest silver ETF, plummeted by 28%. Notably, Coeur Mining dropped over 16%, and Hecla Mining fell more than 14%.

The blockchain sector also saw widespread declines. Among the prominent movers, Coinbase (COIN) was down 2.23%, Circle (CRCL) decreased by 5.36%, and Bitmine (BMNR) declined 5.99%. Conversely, MicroStrategy (MSTR) bucked the trend, rising 4.55%.

#crypto #blockchain #news