The US Federal Reserve cut its benchmark interest rate by 50 basis points, sending cryptocurrencies higher.

- Bitcoin (BTC) hit $63,800, up 6% in the last 24 hours.

- Ethereum (ETH) rose 7%, bouncing off its 200-week moving average.

- The CoinDesk 20 Index rose 8%, with Solana (SOL), Avalanche (AVAX), and Aptos (APT) leading gains of 10-15%.

Crypto stocks also saw significant gains.