Shares of crypto-linked stocks are trading higher after the Fed's Wednesday decision to cut rates by 50 basis points.
Portfolio Pulse from Benzinga Newsdesk
Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.
September 19, 2024 | 12:46 pm
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Marathon Digital Holdings, a crypto-linked stock, is seeing a rise in its share price following the Federal Reserve's decision to cut interest rates by 50 basis points.
The Federal Reserve's rate cut is likely to have a positive impact on crypto-linked stocks like MARA, as lower interest rates can lead to increased investment in riskier assets such as cryptocurrencies.
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