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Crypto Stocks Plummet as Fed Decision Sparks Reassessments

Guavy AI Editorial Team
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Crypto stocks have been on a downward trend recently, with top players like Coinbase (COIN) and Robinhood (HOOD) extending their losses. Strategy (MSTR) has remained relatively flat.

The US Federal Reserve's decision to hold interest rates steady may have contributed to the decline in crypto stock prices. Investors are reassessing their outlook after the Fed's announcement.

ARK analyst Caleb Franzen believes that the cryptocurrency market is entering its biggest consolidation phase in history, according to an article on Cointelegraph.com. This could be a significant factor in determining the future of crypto stocks.

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