Bitcoin Surges Past $60,000 After FOMC Rate Cut

The Federal Open Market Committee (FOMC) has announced a significant 0.50% interest rate cut, sending shockwaves through the financial markets and propelling Bitcoin’s price above $60,000.

This unexpected move, signaling a potential shift in monetary policy, has sparked optimism among cryptocurrency investors. The FOMC’s decision suggests a more accommodative stance, which could benefit risk assets like Bitcoin.

Experts anticipate a series of further rate cuts throughout 2024, potentially creating a favorable environment for Bitcoin’s continued growth. The recent surge highlights the strong correlation between Bitcoin’s performance and the broader macroeconomic landscape.