US Stock Market News | Cryptocurrency sector rises, Coinbase surges over 6%
The cryptocurrency sector is on the rise, with Coinbase up over 6%. Bit Digital is up over 8%, MicroStrategy up over 9%, CleanSpark up over 4.4%, and Riot Platforms up over 1.4%. After the first interest rate cut by the Federal Reserve in over four years, cryptocurrency prices have rebounded across the board, with the price of Bitcoin rising by 3.5% to $62,417.48
According to Zhitong Finance, on Thursday, the cryptocurrency sector rose. As of the time of publication, Coinbase (COIN.US) surged over 6%, Bit Digital (BTBT.US) surged over 8%, MicroStrategy (MSTR.US) surged over 9%, CleanSpark (CLSK.US) surged over 4.4%, and Riot Platforms (RIOT.US) surged over 1.4%. Following the first interest rate cut by the Federal Reserve in over four years, cryptocurrency prices rose, which is part of the market's general rebound. According to Coin Metrics data, the price of Bitcoin rose by 3.5% to $62,417.48 within the day