US-listed crypto stocks fall after Fed cuts rates by 25 basis points

U.S.-listed shares of crypto and blockchain companies fall after Federal Reserve cuts interest rates by 25 basis points

Crypto exchange Coinbase COIN.O down 2.9%, while bitcoin treasury company Strategy MSTR.O dips 1.5%

Miners MARA Holdings MARA.O and Riot Platforms RIOT.O down 1.4% and 0.8%, respectively

Fed has indicated that it will steadily lower borrowing costs during its remaining two policy meetings this year