News Formal

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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

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.

FILE PHOTO: A woman sits by a Bitcoin sign at the Bitcoin Plaza, in Ilopango, El Salvador, May 21, 2024. REUTERS/Jose Cabezas/File Photo

"Bitcoin and other digital assets have historically thrived in low-interest-rate environments. This move could signal a return of liquidity, sparking a risk-on sentiment and fueling a sharp rally." Cryptocurrency exchange Coinbase Global jumped 4 per cent and software firm MicroStrategy, one of bitcoin's biggest corporate backers, gained 5 per cent.

However, that turned choppy in recent weeks with investors drifting in and out of the sector amid shifting odds of a Republican win in the upcoming presidential election.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 6. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Singapore stocks rose on Thursday—STI gained 0.5%72 stocks gained compared to 20 that declined, with 46.7 million securities traded, totalling S$56.5 million in value.
Sumber: IndependentSG - 🏆 2. / 72 Baca lebih lajut »

Singapore stocks dip on Thursday—STI dropped by 0.3%In the broader market, there were 54 gainers compared to 41 losers, with 23.9 million securities traded, valued at S$30.7 million.
Sumber: IndependentSG - 🏆 2. / 72 Baca lebih lajut »

Singapore stocks opened with little change on Thursday—STI rose by 0.02% Singapore News%
Sumber: IndependentSG - 🏆 2. / 72 Baca lebih lajut »

Singapore stocks could rally after Fed rate cut, say analystsThe expected Fed move would especially boost rate-sensitive sectors like Reits, telcos and industrials.
Sumber: straits_times - 🏆 5. / 69 Baca lebih lajut »