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US stocks in the encryption zone collectively experienced a pullback: Strategy fell by over 9%.
On November 20, the US stock market's encryption zone experienced a collective pullback, with multiple concept stocks closing lower.
A compliant trading platform (COIN) fell 4.18%, closing at $250.34; stablecoin issuer Circle (CRCL) saw a significant drop, down 8.77% to $69.88; Bitcoin strategic holding company Strategy (MSTR) fell 9.12%, reported at $187.9; blockchain gaming company SharpLink Gaming (SBET) dropped 4.93%, now priced at $10.03.
The pullback of encryption concept stocks may be related to the overall market sentiment and the recent fluctuations in Bitcoin prices.