Good news for Bitcoin enthusiasts! 🚀
- Bitcoin (BTC) rose 6% following the US Federal Reserve's 0.50% interest rate cut, hitting a three-week high near $63,500.
- Positive US jobs data also boosted optimism, with jobless claims falling to 219,000.
- Despite the rally, BTC derivatives traders remain cautious with leveraged positions, keeping the support level at $62,000 under pressure.
What do you think about this news? Leave us your comment!