Today's aggressive rate cut, doubling the widely expected 25 bps reduction, signals deepening concerns about the health of the U.S. economy.

Cryptocurrencies rose as part of a broad market rally Thursday, one day after the Federal Reserve delivered a half-percentage-point reduction in interest rates, the first in more than four years.The price of bitcoin was recently higher by 5% at $63,

The Federal Reserve implemented a 50 basis point rate cut, with expectations of further reductions to bring the median benchmark rate to 4.4% by

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Bitcoin (BTC) has surged past $62,000 following the US Federal Reserve’s decision to cut interest rates by 50 basis points. The next resistance is at $63k.

The bitcoin market is bracing for a volatile month as the U.S. Federal Reserve’s anticipated interest rate cut looms large.

Bitcoin traded near $60,000 after Fed cut rates by 50 basis points.Fed members expect median benchmark rates to come down to 4.4% by

Bitcoin price shows strength just before FOMC meeting as traders look hope for 50 bps Fed rate cut. Analysts remain divided on real outcome.

By Niket Nishant (Reuters) -U.S.-listed crypto shares jumped on Thursday after a half-percentage point interest rate cut boosted risk appetite, adding to the momentum of an industry that has already secured some big wins this year.