PANews reported on July 1 that as of the close of the U.S. stock market this morning, cryptocurrency-related stocks generally rose. Among them:
Bitmine Immersion Technologies (BMNR) rose by 694.84% to $33.9;
Robinhood (HOOD) rose 12.77% to $93.63;
Riot Platforms (RIOT) rose 7.11% to $11.3;
SharpLink Gaming (SBET) rose 6.09% to $9.93;
MicroStrategy (MSTR) rose 5.3% to $404.23;
Earlier yesterday, BitMine announced a private placement of US$250 million and launched its Ethereum financial strategy .



Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more