U.S. stock futures advanced on Tuesday following a selloff in the previous session, giving hope to investors that December—historically a strong month for markets—can indeed get off to a good start.Futures for the Dow Jones Industrial Average rose 50 points, or 0.1%, after the index tumbled 427 points on Monday to finish at 47,289. S&P 500 futures gained 0.3% with contracts tracking the tech-heavy Nasdaq up 0.4%.Stocks dropped on Monday as risk sentiment weakened, characterized by a deep selloff in Bitcoin ...

Core Insights - Crypto-related stocks experienced a decline as Bitcoin (BTC) fell towards $84,000 during U.S. morning hours, impacting major companies in the sector [1] - The overall market sentiment was affected by signals of potential interest rate hikes from the Bank of Japan, leading to a broader pullback in risk assets [3][4] Company Performance - Shares of Coinbase (COIN), Gemini (GEMI), and Galaxy Digital (GLXY) dropped nearly 6% [1] - Crypto mining stocks such as MARA Holdings (MARA), Riot Platforms (RIOT), and Hive Digital (HIVE) saw declines between 7% and 9% [1] - MicroStrategy (MSTR) fell 11% to its lowest level since October 2024 after announcing a new cash reserve of $1.44 billion and reducing its 2025 profit outlook [1] Broader Market Impact - American depositary receipts of Metaplanet (MTPLF) declined by 10%, while KindlyMD (NAKA) and American Bitcoin (ABTC) fell by 9.9% and 6.7%, respectively [2] - Ether-focused companies like BitMine (BMNR) and SharpLink Gaming (SBET) experienced losses exceeding 10%, alongside Solana-centric firms DeFi Development (DFDV) and Solana Company (HSDT) [2] - The Nasdaq index dropped almost 1%, and the S&P 500 Index fell by 0.3% during the early session [3] Market Sentiment - The unexpected news of potential rate hikes from the Bank of Japan surprised many traders, contributing to the decline in risk assets [4] - Cryptocurrency continues to be viewed as a risk-on asset class, reflecting macroeconomic events continuously [4]