Cryptocurrency-related stocks also advanced on Wednesday after the rate cut. MicroStrategy (MSTR) was up 3.6% through the day, while shares of crypto exchange Coinbase (COIN) and investment firm Galaxy (GLXY) gained 2%-3%. Bitcoin miners Marathon Digital and Riot Platform were up 1.6% and 3%, respectively, while TeraWulf (WULF), Bit Digital (BTBT) and Core Scientific (CORZ) led the rally with some 7% gains.
Source: https://www.coindesk.com/markets/2024/09/18/fed-cuts-interest-rates-by-50-basis-points-bitcoin-briefly-hits-61k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines