Bitcoin (BTC) attacked $63,000 at the Sept. 19 Wall Street open as BTC price gains followed stocks. BTC price strength starts to match booming stocks Data from Cointelegraph Markets Pro and TradingView showed new three-week highs near $63,

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

Fed’s surprise 50bps rate cut drives BTC rally as the market eyes $62K. Economic data could decide Bitcoin’s next move amid ETF outflows and Fed projections.

Key Takeaways The Federal Reserve announced an interest rate cut of 50 basis points on Wednesday, lifting shares of top cryptocurrencies and some crypto-linked shares.Bitcoin has tended to rise around signs that the Fed will lower interest rates due to the perception that the cryptocurrency is a risk-on asset.

Bitcoin rose approximately 1% to $60,778 after the Federal Reserve's first interest rate cut since the pandemic. This move is expected to boost demand for riskier assets, with optimism for new record highs amid increasing regulatory clarity in the crypto industry.