Federal Reserve Cuts Curiosity Charges by 50 Foundation Factors, Bitcoin (BTC) Worth Briefly Hits $61K

Within the minutes following the FOMC choice, the value of bitcoin (BTC) shot up 1.2% to $61,000 earlier than paring features. The biggest cryptocurrency is down 0.5% over the previous 24 hours. U.S. equities additionally jumped greater, with the tech-heavy Nasdaq up 0.8% and the S&P 500 gaining 0.6%. Gold was principally flat under $2,600.