Crypto-linked stocks jump as traders price in sharp rise in December Fed rate-cut odds

Crypto-exposed stocks rallied as Polymarket’s December rate-cut odds hit 87%, lifting Bitcoin and miners while dovish Fed comments and expanding prediction-market activity fueled optimism.

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4 days ago

Crypto-linked stocks jump as traders price in sharp rise in December Fed rate-cut odds

Crypto-linked stocks jump as traders price in sharp rise in December Fed rate-cut odds
Fresh prediction market activity drove crypto markets higher on Friday as Polymarket data showed an 87% probability of a Federal Reserve rate cut in December, the strongest reading this month. The shift boosted crypto-exposed equities, with Riot Platforms, Cleanspark, and Cipher Mining all delivering double digit weekly gains amid expectations of easier monetary policy. 
Companies:
  • Riot Platforms
  • Cleanspark
  • Cipher Mining
  • Coinbase
Tags:
  • crypto
  • markets