05:24 AM EDT, 09/19/2024 (MT Newswires) -- Bitcoin prices rose about 3.5% pre-bell Thursday after the US Federal Reserve cut interest rates for the first time in over four years
The digital token was trading at $62,107 early Thursday after the Fed reduced lending rates by 50 basis points.
Market exuberance was tempered by the Fed's lack of commitment to a similar pace of cuts going forward.