🚀 Big news from the Fed! The U.S. Federal Reserve just cut its benchmark rate by 50 bps to 4.75%-5%, the first cut in 4 years! This move follows their aggressive hiking cycle. Fed members expect rates to drop to 4.4% by year-end, hinting at more cuts ahead. 📉

Bitcoin reacted swiftly, jumping 1.2% to $61K before settling. U.S. equities also saw gains, with Nasdaq up 0.8% and S&P 500 up 0.6%. Arthur Hayes from BitMEX warns this could lead to market volatility due to yen carry trades.

What are your thoughts on the Fed's decision? Drop your comments below! 💬 #Crypto #Bitcoin #FedRateCut