The Federal Reserve cut interest rates by 0.5%, from 4.75% to 5%, $BTC briefly rose and broke through $62,000

Rate cuts generally reduce borrowing costs, stimulate economic growth, and drive up cryptocurrencies, but they may also send a signal of economic weakness due to a too-rapid policy shift.

The impact of the Fed's rate cuts on the crypto market is not always linear. The cryptocurrency market is more like a sentiment amplifier and is easily affected by changes in macroeconomic policies.

It is unwise to rely too much on policy benefits to judge the market trend, because once the policy direction is reversed or market expectations change, the price of crypto assets may fluctuate violently.