US-listed crypto stocks jump after bumper rate cut from Fed

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U.S.-listed crypto shares jumped before the open on Thursday after a half-percentage point interest rate cut sparked a flight into risky assets, adding to...

- U.S.-listed crypto shares jumped before the open on Thursday after a half-percentage point interest rate cut sparked a flight into risky assets, adding to the momentum of an industry that has already secured some big wins this year.

Exchange-traded funds tracking the price of bitcoin and peer ether received landmark regulatory approvals earlier this year, boosting investor sentiment. He launched a new crypto venture earlier this week and reportedly paid with bitcoin for burgers bought for his supporters at a bar in New York on Wednesday.

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