Crypto stocks weaken tracking bitcoin fall

Bit Digital,

30/10/2025 15:32

** Shares of crypto- and blockchain-related companies fall, tracking losses in bitcoin

** Bitcoin BTC=, the world's largest cryptocurrency, down 3.1% as Fed injects doubt into the dovish policy path

** The Fed on Wednesday cut interest rates by a quarter of a percentage point but Jerome Powell warned that a lack of federal government data may put another interest rate cut out of reach this year

** Crypto exchange Coinbase Global COIN.O down 2.7%; quarterly results due after the bell

** H.C. Wainwright earlier on Thursday double upgraded COIN to "buy" and raised PT to $425 from $300

** BTC bull Strategy MSTR.O falls 3.4%

** Crypto miners Riot Platforms RIOT.O down 3.3%, MARA Holdings MARA.O falls 3.8%, Hut 8 HUT.O down 3.3%, and Bit Digital BTBT.O falls 6%

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))