In brief
- Shares of crypto companies rose in price alongside digital assets and major stock indices.
- The price surge comes after Federal Reserve Jerome Powell indicated that the central bank could cut rates next month.
- Bitcoin and Ethereum were also trading higher on Friday, with ETH and altcoins leading the charge.
Crypto-focused company stocks rose Friday alongside digital coins following a more dovish-than-expected speech from Federal Reserve Chairman Jerome Powell.Â
Nasdaq-listed Coinbase (COIN) spiked and was recently trading more than 6% higher on the day at $319. Meanwhile, Bitcoin treasury and software firm Strategy—MSTR—was up by nearly 65 to $354. Both had been trading down in recent days, but COIN is now in the green over…
