
Bitcoin Soars Above $61,000 as Fed Implements 50 bps Rate Cut: What This Means for Cryptocurrency Markets
The Rise of Bitcoin: How the Federal Reserve’s Interest Rate Cut Impacted the Market What Happened In a significant market move, Bitcoin surged past the $61,000 mark after the U.S. Federal Reserve announced a 50 basis point (bps) cut in interest rates, bringing the federal funds rate down to a range of 4.75% to 5%….