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Cryptocurrency-related stocks also advanced on Wednesday after the rate cut. MicroStrategy (MSTR) was up 3.6% through the day, while shares of crypto exchange Coinbase (COIN) and investment firm Galaxy (GLXY) gained 2%-3%. Bitcoin miners Marathon Digital and Riot Platform were up 1.6% and 3%, respectively, while TeraWulf (WULF), Bit Digital (BTBT) and Core Scientific (CORZ) led the rally with some 7% gains.
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Federal Reserve Cuts Interest Rates by 50 Basis Points, Bitcoin (BTC) Price Briefly Hits $61K
