The US Federal Reserve has just announced a 50 basis point cut in interest rates, the first since the COVID-19 pandemic. 🎉

- Following the announcement, Bitcoin prices immediately shot above $60,000, while the S&P500 rose 0.7%.

- The Fed believes inflation will fall to 2%, although it is still slightly high.

- "Job growth has slowed, but unemployment remains low," the Fed said.

- Before the announcement, traders were pricing in a 65% chance of a 50 basis point cut, and a 35% chance of a 25 basis point cut.

Low interest rates are generally considered bullish for Bitcoin because they make it easier for investors to borrow money to buy risky assets. What do you think? Let's discuss in the comments column!