Key Takeaways Bitcoin topped $63,000 a day after Federal Reserve cut rates by 50 basis points.Lower rates could benefit cryptocurrencies and other assets perceived as risky.MicroStrategy stock jumped a day after amid a proposed a $700 million debt offering in an effort to buy more bitcoin.

MicroStrategy has rocked the crypto market with a Bitcoin purchase worth $1.11 billion this week. The Bitcoin price now sits at $60,411, its highest value in ten days. BTC Rallies

Crypto March is higher as investors digest the first rate cut from the Fed in four years. Finance says it's seen a huge uptick in crypto interest from companies and professional investors. And Crypto World heads to DC to attend a major crypto rally and talk to executives from Coinbase about the conversations they're having with lawmakers.

The news supported cryptocurrency prices, with bitcoin recently near $61,000 and ether above $2,300. Crypto asset prices tend to rise on signs of monetary easing, as they are broadly seen as risk-on assets even as some investors tout their use as safe havens.

Bitcoin and other major cryptocurrencies surge as Federal Reserve cuts rates, sparking investor interest in high-growth assets like cryptos.

Cryptocurrencies continued their rally for the second day following the Fed's rate cut. Bitcoin and Ethereum led the gains, with Avalanche surging 9%. The broader market also saw significant gains. Experts see further gains in the Q4 period.