Bitcoin Hits $61K as Fed Slashes Interest Rates by 50 Bps After Four Years

Bitcoin’s price has surged to $61,000 following a significant move by the U.S. Federal Reserve to slash interest rates by 50 basis points. This marks the first interest rate cut in four years, an aggressive start to its first easing campaign. Fed Plans Another Rate Cut by December The U.S. Federal Reserve reduced its benchmark … source: https://coinpedia.org/news/bitcoin-hits-61k-as-fed-slashes-interest-rates-by-50-bps-after-four-years/