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BUZZ-US-listed crypto stocks climb after Powell's speech boosts rate cut hopes

Reuters
Aug 22, 2025
BUZZ-US-listed crypto stocks climb after Powell's speech boosts rate cut hopes

** U.S.-listed shares of crypto and blockchain companies jump after Federal Reserve chair Jerome Powell's speech increases odds of rate cuts in September

** Traders now put a nearly 90% probability on a rate cut in September, versus about 75% before Powell's remarks

** A rate cut lifts the appeal of risk assets such as crypto, drawing in more retail investors and, in turn, benefiting companies with exposure to the sector

** Crypto exchange Coinbase COIN.O jumps 2.8%, while bitcoin treasury company Strategy MSTR.O rises 3%

** Miners MARA Holdings MARA.O, Riot Platforms RIOT.O and Bitfarms BITF.O up 3.9%, 4.5% and 4.9%, respectively

** Bitcoin BTC= inches up nearly 1%, while ether ETH= surges 4.4%

(Reporting by Niket Nishant in Bengaluru)

((Niket.Nishant@thomsonreuters.com))

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