🚀 Big News for Bitcoin Enthusiasts! 🚀

The Federal Reserve has just announced a 50 basis point cut in its benchmark interest rate, marking the first reduction since the COVID-19 pandemic began. 🌍

And guess what? Bitcoin's price skyrocketed back above $60,000 immediately after the announcement! 📈💥 Meanwhile, the S&P500 also saw a 0.7% uptick. 📊

The Fed expressed greater confidence that inflation is heading back to 2%, despite being somewhat elevated. Lower interest rates are generally bullish for Bitcoin, as they make borrowing cheaper and increase the money supply, benefiting scarce assets like BTC. 🏦💸

Stay tuned, Bitcoin believers! 🌟