<ul><li>Bitcoin rallied above $61,000 after the US Federal Reserve's rate cut.</li><li>Many analysts believe the rate cut could be positive for Bitcoin and the crypto market.</li><li>Rate cuts are historically bullish for Bitcoin, as they weaken the US dollar and increase demand for risk-on assets.</li><li>While short-term turbulence is expected, analysts recommend focusing on the long-term potential for higher Bitcoin prices.</li></ul>

Bitcoin Pumps To $61,000, Then Retraces After Fed Aggressively Cuts Interest Rates For First Time In Four Years

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