S&P 500 crypto stocks tank after Fed’s controversial rate cut

The U.S. Federal Reserve lowered interest rates for the first time in nine months, cutting the federal funds rate by 25 basis points to a new target range of 4.00% to 4.25%.

The move, backed by 11 of 12 voting members, comes amid slowing economic growth, weaker job creation, and a slight uptick in unemployment, despite inflation remaining above target.

Crypto stocks saw mixed reactions.

Coinbase (COIN) fell 2.20% Tesla (TSLA) slipped 0.65% Robinhood (HOOD) edged down 0.37%, MicroStrategy (MSTR) dropped 0.86%. PayPal (PYPL) gained 1.62% Block (SQ) added 0.32% Circle (CRCL) slid 1.67%.

Source: Yahoo Finance

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Mining stocks were mostly weaker, with Iris Energy (IREN) down 0.44%, Bitmine off 0.61%, and Marathon Digital (MARA) losing 1.02%. American Bitcoin gained 0.78%, while Riot Platforms (RIOT) was little changed.

Related: What is Crypto? Cryptocurrency explained

Mining stocks were mostly weaker:

Iris Energy (IREN) -0.44% Bitmine -0.61% Marathon Digital (MARA) -1.02% American Bitcoin +0.78% Riot Platforms (RIOT) little changed

Source: Yahoo Finance

Lesser-known Bitcoin treasury stocks rally

A few smaller-bitcoin treasury stocks have produced significant upside momentum, suggesting that investors are re-engaging with cryptocurrencies and crypto-adjacent equities.

Galaxy Digital (GLXY) +1.89% Mercurity Fintech (MFH) +4.51% QMMM Holdings +11.36% SBI Holdings (Japan) -2.86% Thumzup Media -1.50%

Source: Yahoo Finance

Bullish Global (BLSH) had an upside change of around 5.32%. Fold Holdings (FLD), a bitcoin financial service company, also had a 3.90% upside move, while real estate firm CIMG gained 2.97%. Other mid-tier names saw movement in price as well, such as Empery Digital and Ming Shing Group.

Edited by:Mehab Qureshi

This story was originally reported by TheStreet on Sep 17, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.

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