Fed Rate Decision Looms Over Crypto Stocks: COIN, HOOD, MSTR in Focus

The crypto market is bracing for the US Federal Reserve's interest rate decision later today. Analysts at JPMorgan expect the central bank to keep interest rates unchanged, but a hawkish hold is seen as the base-case outcome.

This scenario could leave the S&P 500 little changed or push it modestly lower. In contrast, a more accommodative tone could lift equities, while an unexpected 25-basis-point rate hike may trigger a sharper selloff across technology and crypto stocks.

The Coinbase (COIN) stock price has dropped nearly 2% to $164.69, while Robinhood (HOOD) shares fell more than 3% to $90.13. Strategy (MSTR) stock remains near the flatline at $96.23.