US Stock Market Move | Cryptocurrency sector rises, Coinbase (COIN.US) up over 6%

On Thursday, the cryptocurrency sector rose, as of the time of writing, Coinbase (COIN.US) surged more than 6%, Bit Digital (BTBT.US) rose more than 8%, MicroStrategy (MSTR.US) rose more than 9%, CleanSpark (CLSK.US) rose more than 4.4%, and Riot Platforms (RIOT.US) rose more than 1.4%. After the Federal Reserve cut interest rates for the first time in over four years, cryptocurrency prices have risen, which is part of the overall market rebound. According to Coin Metrics data, the price of Bitcoin rose 3.5% during the day to $62,417.48.