Strategy, Coinbase, Robinhood and Bitmine shares fall as Fed holds rates
- —Robinhood fell 3.77% to $90.99 on volume of 30.77 million shares versus a 20.39 million average
- —Coinbase slipped 1.33% to $158.94 and Circle dropped 1.90% to $80.03
- —Strategy lost 0.92% to $140.10 and Bitmine declined 1.23% to $21.35
- —The FOMC voted 10–2 to hold, with Cook and Hammack favoring a 25 bps hike
Why it matters: A hold with two dissents in favor of a hike leaves rate direction uncertain, weighing on crypto equities more than on bitcoin and ether themselves.
Source: The Crypto Times