Bitcoin surged 6.3% to $63.2K, and Ether rose 5.8% following the Federal Reserve’s 50-basis-point rate cut, its first since the pandemic. The rate cut signaled further easing, boosting cryptocurrencies’ appeal by reducing the opportunity cost of holding non-yielding assets. Top altcoins like Sei (+25.1%) and Celestia (+20.4%) saw significant gains. Crypto stocks such as MicroStrategy (+9.1%) and Coinbase (+6.7%) also rallied. Analysts predict more volatility in crypto markets as the Fed plans another rate cut by year-end.
