Bitcoin (BTC-USD) is rallying off of the Federal Reserve's landmark interest rate cut, rising over $3,000 since the central bank's announcement yesterday. Crypto stocks like Riot Platforms (RIOT), MicroStrategy (MSTR), exchange platform Coinbase (COIN), and bitcoin miner Marathon Digital (MARA) are climbing higher Thursday morning.

Morning Brief hosts Seana Smith and Brad Smith weigh in on what the rate-cutting environment means for the crypto space, referencing Standard Chartered head of crypto research Geoff Kendrick's forecast that sees bitcoin skyrocketing to $200,000 by the end of 2025 regardless of who wins this year's presidential election.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.