US Stock Market Opens With Gains As Cryptocurrency Stocks Rise

According to Odaily, the US stock market opened with notable gains. The Dow Jones Industrial Average increased by 0.75%, the S&P 500 Index rose by 0.58%, and the Nasdaq Composite Index climbed by 0.8%. This positive movement in the stock market was accompanied by a rise in cryptocurrency-related stocks, driven by a rebound in Bitcoin and Ethereum prices. Specifically, the ProShares Bitcoin Strategy ETF saw a 4.3% increase, while the iShares Bitcoin Trust rose by 4.2%.