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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:
CoindeskEN
Published:
2025-08-12 21:12:45
18
1

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

Crypto markets erupt as macro winds shift—Ether flips resistance into fuel, Cardano's smart contracts hum, and XRP whales shake off SEC fatigue. All eyes on the Fed's next move.

The Rate Cut Ripple Effect

When Key Square Capital's Bessent whispers '50 basis points,' crypto doesn't just listen—it front-runs. Traders pile into alts like it's 2021, swapping recession hedges for gamma squeezes.

ETH: Deflation Engine Running Hot

Post-Merge supply crunch meets institutional FOMO. Staking yields now beat Treasury bonds—if you ignore the occasional validator slashfest.

ADA & XRP: The Comeback Kids

Cardano's Vasil upgrade finally delivers throughput worth bragging about. Meanwhile, Ripple's legal team deserves hazard pay—every dismissed claim sends XRP gang signing Lambo leases.

The Cynic's Corner

Wall Street still can't decide if crypto's a risk asset or inflation hedge—so they'll call it both until the next -20% candle. Bonus points for the SEC suddenly discovering 'urgent concerns' at $3 trillion market cap.

Buckle up. This rally runs on hopium and cheap money—the two most explosive fuels in finance.

|Square

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