US Crypto-Concept Stocks Fall Premarket Amid Ethereum Weakness

On April 2, 2026, multiple U.S. crypto-linked equities fell in premarket trading, signaling a sector-wide shift in sentiment. BitMine Immersion Technologies (BMNR) led the decline with a 4.42% drop to $18.82.

The weakness was largely driven by Ethereum's overnight decline of 4.48%, which affected BMNR's stock price due to its treasury strategy. As a company holding ETH as its primary treasury reserve asset, BMNR's equity valuation is directly tied to Ethereum's performance.

The correlation between crypto-concept stocks and underlying digital-asset markets was evident on this day. The Crypto Fear and Greed Index read 12, categorized as Extreme Fear, indicating broad risk aversion across digital assets. This sentiment was reflected in the premarket trading of BMNR, Coinbase (COIN), and Strategy (MSTR).