đ Bitcoin Surges Past $62K After Fed Rate Cut! đ
- The U.S. Federal Reserve slashed borrowing rates by 50 basis points to 4.75%-5%, marking the first cut in four years.
- Bitcoin (BTC) rallied, hitting $62,000, reflecting a 2.8% increase with a trading volume surge of 17%.
- Market sentiment shifted from fear to neutral, as per Bitcoinâs fear and greed index.
- Liquidations surged to $200M daily, with Bitcoin leading at $75M.
- Analysts are divided on the long-term impact, but short-term gains are evident.
What are your thoughts? Comment below! đŹ
