The Fed cuts interest rates by 50 basis points, marking the start of a rate cut cycle, and BTC breaks through $62,000. US stocks fell after rising overnight, with the Nasdaq closing down 0.31%. However, in the after-hours market, the data reversed again. S&P 500 futures are up 0.85%, Nasdaq futures are up 1.3%, and Dow futures are up 0.51%. Similar to US stocks, cryptocurrencies have also experienced ups and downs. Currently, cryptocurrencies are generally rising, with only 10 cryptocurrencies on the Binance platform closing lower. How to interpret the Fed's rate cut? What might the future trend be? You can read Phyrex's analysis. #BTC #ETH