Huo Xing Finance reports that, on August 28, according to BIT (bit.com) market data, Federal Reserve Chair Powell signaled a potential rate hike during his Friday remarks, following which U.S. stocks of cryptocurrency-related companies declined across the board: CRCL fell 3.33%, MSTR fell 4.32%, MARA fell 6.23%, COIN fell 4.27%, RIOT fell 5.8%, BMNR fell 2.65%, and SBET fell 4.28%.
U.S. crypto stocks fall after Fed hints at rate hike
MarsBitShare
Summary
Fed news sent shockwaves through the crypto market on August 28, 2026, as Fed Chair Walsh hinted at a potential rate hike. Major crypto-related stocks such as CRCL, MSTR, MARA, COIN, RIOT, BMNR, and SBET declined between 2.65% and 6.23%. The market reacted swiftly, as traders and investors closely followed the latest Fed developments.
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