The three major U.S. stock indexes opened higher, while cryptocurrency-related stocks experienced a sharp decline

BlockBeats News, January 29, U.S. stock market open, Dow rose 0.14%, S&P 500 rose 0.18%, Nasdaq fell 0.13%. Meta Platforms (META.O) rose by about 10%, beating expectations on fourth-quarter earnings, first-quarter guidance, and full-year capital expenditure. Microsoft (MSFT.O) dropped over 8% due to slowing cloud business growth and record high capital expenditure raising concerns.

As for cryptocurrency-related stocks, MSTR fell by 3.89%; COIN fell by 3.97%, CRCL fell by 4.02%; SBET fell by 1.30%; BMNR fell by 3.98%.