Federal Reserve Announces 0.5% Interest Rate Cut, Bitcoin Soars Above $60K
2024-09-19

The Federal Reserve announced on Wednesday that it will lower its benchmark interest rate by 50 basis points, marking the central bank’s first cut since the start of the COVID-19 pandemic.
Immediately after the announcement, Bitcoin’s price rocketed back above $60,000, while the S&P500 shot up by 0.7%.