Fed cuts interest rates by 0.5%, Bitcoin surpasses 60K! 🚀

- The Fed cut interest rates by 50 basis points for the first time since the pandemic.

- Bitcoin rose above $60,000 on this news. 💰

- The S&P500 also rose by 0.7%.

- The Fed said it has gained "greater confidence" that inflation will fall to 2%.

- Job gains slowed, unemployment rate slightly increased but still low.

- Crypto bettors on Polymarket gave a 43% chance of a 50 basis point cut and a 57% chance of a 25 basis point cut.

What do you think this interest rate cut means for Bitcoin? Let's discuss it in the comments! 👇