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description: Fed cuts rates by 50bps, BTC rises above $62,000
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# 09/19 Market overview

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcTWJoH51Prz2dGZbZHedH8LNW1ZDWPwuhTo6ZP3JWrLuB0uC0mrHpFf0JIK1b1Kj_edZc_2ZjYNJ1gKLallW3nP36Zb8w-FcjZvjMoTAdMe6MsFjzFe9Xnu1oVKbug875eeNs52a0TcsNZVJaNwtDWcM_P?key=s2mXl3vh97ER34FWDSx9Jg" alt=""><figcaption></figcaption></figure>

The U.S. Federal Reserve lowered its benchmark fed fund rates by 50 basis points to 4.75%-5% yesterday, and the cryptocurrency market reacted to the announcement. Based on CoinGecko market data, BTC rose as high as $62,588.40, now at $61,857.31, up 3.0% in 24h. ETH meanwhile is at $2,386.46, up 2.7% in 24h.



Tokenlon now supports multichain trading on Ethereum mainnet, Polygon PoS, Optimism, zkSync, Base, BNB, and Arbitrum chains. Simply navigate to the Market page in the latest imToken wallet version, 2.15.3, to start.

Tokenlon now supports 148 tokens, with discounted fees for LON holders.

Trade up to 100 WBTC & 1,000 ETH in a single transaction on Tokenlon, with smart routing on the [Tokenlon website](https://tokenlon.im).&#x20;



Tutorial

[How to use Tokenlon instant swap](https://support.tokenlon.im/hc/en-us/articles/360037732371)

[How to use limit order on Tokenlon](https://support.tokenlon.im/hc/en-us/articles/7463636612116)



Note

Digital assets are highly volatile and unpredictable, do your research before trading.
