The U.S. Federal Reserve lowered interest rates for the first time in nine months, cutting the federal funds rate by 25 basis points to a new target range of 4.00% to 4.25%.
The move, backed by 11 of 12 voting members, comes amid slowing economic growth, weaker job creation, and a slight uptick in unemployment, despite inflation remaining above target.
Crypto stocks saw mixed reactions.
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Tesla(TSLA) slipped 0.65%
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Robinhood(HOOD) edged down 0.37%,
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MicroStrategy(MSTR) dropped 0.86%.
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PayPal (PYPL) gained 1.62%
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Block(SQ) added 0.32%
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Circle(CRCL) slid 1.67%.
Source : Yahoo Finance
More news:
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Ethereum scientist warns 20% chance quantum computers could break crypto
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Exclusive: 'We will see more attacks' Ledger CTO warns after NPM breach
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Hollywood is all set to chase the father of Bitcoin in 'Killing Satoshi'
Mining stocks were mostly weaker, with Iris Energy (IREN) down 0.44%, Bitmine off 0.61%, and Marathon Digital (MARA) losing 1.02%. American Bitcoin gained 0.78%, while Riot Platforms (RIOT) was little changed.
Related: What is Crypto? Cryptocurrency explained
Mining stocks were mostly weaker:
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Iris Energy (IREN)-0.44%
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Bitmine-0.61%
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Marathon Digital (MARA)-1.02%
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American Bitcoin+0.78%
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Riot Platforms (RIOT)little changed
Source : Yahoo Finance
Lesser-known Bitcoin treasury stocks rally
A few smaller- bitcoin treasury stocks have produced significant upside momentum, suggesting that investors are re-engaging with cryptocurrencies and crypto-adjacent equities.
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Galaxy Digital (GLXY)+1.89%
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Mercurity Fintech (MFH)+4.51%
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QMMM Holdings+11.36%
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SBI Holdings (Japan)-2.86%
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Thumzup Media-1.50%
Source : Yahoo Finance
Bullish Global (BLSH) had an upside change of around 5.32%. Fold Holdings (FLD), a bitcoin financial service company, also had a 3.90% upside move, while real estate firm CIMG gained 2.97%. Other mid-tier names saw movement in price as well, such as Empery Digital and Ming Shing Group.
Edited by: Mehab Qureshi
This story was originally reported by TheStreet on Sep 17, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
