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What Happened With Bitcoin Miner Core Scientific's Stock Today? - Core Scientific (NASDAQ:CORZ)

The Details: Bitcoin BTC/USD miner Core Scientific's stock has climbed more than 20% over the past five days, as investors anticipated an interest rate cut.

The Federal Reserve announced a 50 basis points (bps) cut Wednesday, bringing the federal funds rate down to a range of 4.75%-5% and increasing the appeal of risk assets like stocks and cryptocurrencies.

Photo: Shutterstock

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