U.S. crypto concept stocks rose before the market, and the market hopes that the Federal Reserve will cut interest rates

In pre-market trading, crypto-related stocks rose with Bitcoin and Ethereum prices, as markets generally expect U.S. employment data released on the same day will increase the possibility of the Federal Reserve's interest rate cut later this month. Stocks that rose include: Strategy rose 2.3%, Circle Internet Group rose 0.6%, Coinbase rose 1.6%, Bullish rose 1.3%, Galaxy Digital rose 1.3%, Hut 8 rose 1.7%, Hive Digital Technologies rose 1.1%, MARA Holdings rose 1.8%, Cleanspark rose 1.4%, Riot Platforms rose 2%, TeraWulf rose 0.7%, Bit Digital rose 2.8%, SharpLink Gaming rose 3.2%, and Bitdeer Technologies rose 2.9%.