After the Fed meeting last night, the market received important news: interest rates were cut by 50%. While announcing the rate cut, Fed Chairman Powell also pointed out that the US economy is still strong and is not facing the risk of recession.

This positive statement has injected a shot of adrenaline into the market, and it is expected that the price of Bitcoin will stabilize above $62,000 in the short term.

For the altcoin market, the Fed's decision to cut interest rates may become a catalyst for a new round of rising prices. Investors responded positively to the news, and it is expected that the altcoin market will usher in a new wave of vitality.