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🚀 Ethereum, Cardano, XRP Surge as Scott Bessent Predicts 50bps Rate Cut—Altseason Ignites

🚀 Ethereum, Cardano, XRP Surge as Scott Bessent Predicts 50bps Rate Cut—Altseason Ignites

Author:
Coindesk
Published:
2025-08-12 21:12:45
13
2

Ether, Cardano, XRP Among Cryptos Taking New Leg Higher as Scott Bessent Floats 50 Basis Point Rate Cut

Crypto bulls are back in the driver's seat as major tokens defy gravity. Here's why Wall Street's sudden dovish turn is sending shockwaves through DeFi.

The Rate Cut Ripple Effect

A 50 basis point Fed pivot—floated by macro heavyweight Scott Bessent—has traders dumping cash for crypto. Ether leads the charge, with Cardano and XRP hot on its heels. Suddenly, 'risk-on' smells like fresh stablecoin prints.

Liquidity Tsunami Watch

Cheap money narratives beat actual cheap money every time. Market makers front-run the hypothetical 50bps cut like it's 2021—back when 'transitory inflation' was still a believable fairytale.

Regulators Hate This One Trick

While SEC lawyers dust off their Howey Test flashcards, alts moon on pure momentum. XRP's legal limbo? Cardano's 'ghost chain' rep? Irrelevant when leverage flows faster than a memecoin rug pull.

Funny how crypto winters thaw the instant Wall Street remembers yield farming pays better than 0.01% on a JP Morgan savings account. The more things change...

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