PANews reported on March 11 that due to negative sentiment such as concerns about the US economic recession, US stocks fell sharply on Monday, with the Dow Jones Industrial Average initially closing down 2%, the S&P 500 down 2.7%, and the Nasdaq down 4%. Tesla (TSLA.O) plummeted 15.4%, Apple (AAPL.O) fell nearly 5%, and Nvidia (NVDA.O) fell 5%.

Among blockchain concept stocks, Hut 8 fell 15.03%, Canaan Inc. (CAN.O) fell 14.17%, MicroStrategy (MSTR.O) fell 16.68%, and Coinbase (COIN.O) fell 17.58%.