Bitcoin announced a 2-digit interest rate cut after the Federal Reserve, and after a brief washout, it started a wave of rapid gains. At the time of writing, it reached a maximum of $62,397, up 4.08% in the past 24 hours, and Ethereum was also approaching $2,400. However, all four major U.S. stock indexes ended lower. (Preliminary summary: Will the Fed cut Bitcoin by 2% and Bitcoin will plummet? You should pay more attention to the two key points after the Fed’s decision) (Background supplement: Cutting interest rates will not save Bitcoin? Bitfinex warns of 3 major concerns that BTC may fall below $50,000 ) Bitcoin continued to fluctuate within a narrow range close to US$61,000 yesterday (18th) until the Federal Reserve announced a two-digit interest rate cut at 2 a.m., then it moved up and down within three hours. It briefly broke through US$61,000 and then fell rapidly. kill. However, after regaining a foothold at US$60,000, Bitcoin started a wave of rapid gains after 6 o'clock earlier. At the time of writing, it reached a maximum of US$62,397, up 4.08% in the past 24 hours, hitting the highest price since the end of August. BTC trend. Source: OKX The trend of Ethereum is close to that of Bitcoin, but the increase is slightly weaker. At the time of writing, the highest price was $2,394, up 3.52% in the past 24 hours. ETH trend. Picture source: OKX’s entire network liquidated $186 million in the past 24 hours. Against the background of Bitcoin’s rally, according to Coinglass data, in the past 24 hours, the liquidation amount of cryptocurrency contracts across the entire network reached $186 million, of which short orders liquidated $110 million. US dollars accounted for the bulk, and more than 67,000 people were liquidated. However, strictly speaking, this morning's liquidation data is not particularly serious. Perhaps investors have taken heeding in advance, or their liquidation price has not yet been reached. Please be careful that the fluctuations will be further amplified. U.S. stocks surged higher and then fell back. After the Federal Reserve announced a 2-point interest rate cut, U.S. stocks pulled sharply during the session. However, this may be because Fed Chairman Jerome Powell emphasized at the press conference that there is no rush to relax monetary policy, saying that a two-point rate cut is not new. Normally, or investors are worried about the risk of market recession, all four major indexes closed in the black. The Dow Jones index fell 103.08 points, or 0.25%, to close at 41,503.1 points. The Nasdaq index fell 54.76 points, or 0.31%, to close at 17,573.3 points. The S&P 500 index fell 16.32 points, or 0.29%, to close at 5,618.26 points. The Philadelphia Semiconductor Index fell 52.81 points. points, or 1.08%, closing at 4,859.29 points. Related reports tonight will focus on more than non-agricultural employment!The unemployment rate is also the key to whether the Federal Reserve will cut interest rates by 2 digits. U.S. bonds have risen for 4 consecutive months. Is the market "on the eve of a big tsunami"? Citi predicts: The Fed will cut interest rates by 5% this year. Essence of Ball's speech "The time has come to cut interest rates, the fight against inflation is successful, and the rising unemployment rate is not an economic recession!" 〈Fed Drops 2 Codes〉Bitcoin breaks through 62,000, Ethereum soars to 2,400 US dollars, but the U.S. stock market closes with one sentence from Bauer〉 This article was first published in DongZu BlockTempo "DongZu DongTen-The Most Influential Block Chain News Media”.