Crypto prices were in the red, snapping a recent rally. Coinbase and MicroStrategy opened lower. 

Bitcoin dropped 3% in the past 24 hours to trade below $20,800 by 9:30 a.m. EST, although it was trending upwards again, according to TradingView data. Ether slipped 4.4% to $1,525, and Binance's BNB dropped 4.2%. Dog-themed memecoins had rallied over the past few days. However, dogecoin and shiba inu both pared recent gains, down 7.6% and 10%, respectively.

Crypto-related stocks traded lower at the open. Coinbase dipped below $50, down 2.4% by 9:35 a.m. EST, according to Nasdaq data. Silvergate slipped 2.6% to below $12, Block dropped 1.7% to about $70, and MicroStrategy traded at $217, down 1.2%.