**Bitcoin Surges as Fed Cuts Rates, Stocks Rally**

Bitcoin (BTC) surged to nearly $63,500 on Sept. 19, following a significant 0.5% interest rate cut by the Federal Reserve. This move has sparked optimism across financial markets, with the S&P 500 nearing new all-time highs and gold also climbing.

- **Market Optimism**: The US 2Y/10Y treasury spread, a recession indicator, has steepened, reflecting a shift towards risk-on assets.

- **Institutional Moves**: Data shows a 75% decline in institutional BTC shorting over the past five months.

- **Analyst Views**: Traders like Michaël van de Poppe remain bullish, suggesting more room to buy dips.

Stay tuned for more updates as Bitcoin eyes its next resistance level just below $64,000.