The probability of a rate cut in December rises to 87% on Polymarket, with crypto-related stocks rising accordingly.
Jinse Finance reported that as the probability of a US interest rate cut in December rose to a monthly high of 87% on the prediction market Polymarket, several crypto-related stocks surged on Friday. Three US-listed bitcoin mining companies—Cleanspark, Riot Platforms, and Cipher Mining—led the gains, each recording double-digit increases over the past five days. USDC issuer Circle jumped nearly 10% in early trading, while Strategy (founded by Michael Saylor) and a certain exchange also saw moderate gains.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
São Paulo, Brazil to pilot blockchain-based microloans for small rural producers
The BlackRock address received 16,629 ETH and 300 BTC in the past 10 minutes.
Data: BlackRock received BTC and ETH worth $78.15 million from an exchange in the past 10 minutes
BitMine increases holdings by 20,532 ETH, worth approximately $63.32 million
