BlockBeats News, May 16th, the U.S. stock market closed this morning with the Dow down 1.07%, the S&P 500 down 1.24%, and the Nasdaq down 1.54%. Tech stocks experienced a widespread decline, with Micron Technology plunging 6.62%, Intel falling 6.18%, Nvidia dropping 4.42%, and Tesla declining 4.75%.

As for cryptocurrency-related stocks, MSTR fell 5.11%; COIN dropped 7.82%, CRCL fell 7.98%; SBET rose 9.19%; BMNR fell 9.68%.