The probability of a rate cut in December rises to 87% on Polymarket, with crypto-related stocks rising accordingly.
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Jinse Finance reported that as the probability of a US interest rate cut in December rose to a monthly high of 87% on the prediction market Polymarket, several crypto-related stocks surged on Friday. Three US-listed bitcoin mining companies—Cleanspark, Riot Platforms, and Cipher Mining—led the gains, each recording double-digit increases over the past five days. USDC issuer Circle jumped nearly 10% in early trading, while Strategy (founded by Michael Saylor) and a certain exchange also saw moderate gains.
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