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Stock impact report

US-listed crypto stocks jump after bumper rate cut from Fed [Yahoo! Finance]

MARA Holdings, Inc. (MARA) 
Last mara holdings, inc. earnings: 8/14 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.marathonpg.com
Company Research Source: Yahoo! Finance
The move could revive interest in bitcoin, the most popular cryptocurrency, which often sways the entire sector as investors chase higher returns and dump safe-havens. The currency gained 4% and was last trading at $63,177 on Thursday. "There's over $6 trillion in money market funds, soon yielding 50 bps less," said Matt Mena, crypto research strategist at 21Shares. "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." Crypto miners Riot Platforms, Marathon Digital and CleanSpark rose 5%, 5.8% and 6.1%, respectively. Cryptocurrency exchange Coinbase Global jumped 4% and software firm MicroStrategy, one of bitcoin's biggest corporate backers, gained 5%. Exchange-traded funds tracking the price of bitcoin and peer ether received landmark regulatory approvals earlier this year, boosting investor sentiment. However, that turned chop Show less Read more
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