đ¨ **Crypto News Flash!** đ¨
**Fed Cuts Rates by 50 bps: What Does It Mean for Crypto?**
- On Sep. 18, the U.S. Federal Reserve slashed its benchmark interest rate by 50 basis points, the first cut since March 2020.
- This unexpected move brought the rate down to 4.75%-5%, sparking mixed reactions in financial markets.
- Stock indices like the Dow and S&P 500 initially surged but ended the day in the red.
- Crypto markets turned bullish, with Bitcoin breaking $62,000 and gaining 6.5% in 24 hours. Ethereum also climbed to $2,430.
- Will this rate cut pump liquidity into crypto, or will uncertainty prevail?
Share your thoughts in the comments! đŹđ