Bitcoin hits $63,000 after Fed rate cut prompts market rally

Bitcoin hit an intraday high of $63,227 on Thursday, following the US Federal Reserve’s decision to cut its benchmark interest rate by 50 basis points the previous day. The entire cryptocurrency market has gained more than 5%, and in the last 24 hours, the global transaction volume has increased by 26.92%. Crypto Market Rises 5%, Stocks Rise, Gold (…)