Crypto stocks weaken tracking bitcoin fall — TradingView News

Crypto stocks weaken tracking bitcoin fall — TradingView News


** Shares of crypto- and blockchain-related companies fall, tracking losses in bitcoin

** Bitcoin BTCUSD, the world’s largest cryptocurrency, down 3.1% as Fed injects doubt into the dovish policy path

** The Fed on Wednesday cut interest rates by a quarter of a percentage point but Jerome Powell warned that a lack of federal government data may put another interest rate cut out of reach this year

** Crypto exchange Coinbase Global COIN down 2.7%; quarterly results due after the bell

** H.C. Wainwright earlier on Thursday double upgraded COIN to “buy” and raised PT to $425 from $300

** BTC bull Strategy MSTR falls 3.4%

** Crypto miners Riot Platforms RIOT down 3.3%, MARA Holdings MARA falls 3.8%, Hut 8 HUT down 3.3%, and Bit Digital BTBT falls 6%



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