Ether, Cardano, XRP Rally After Bessent Floats 50bp Cut — Bitcoin Trails
I'm seeing Ether, Cardano and XRP push higher as markets react to Scott Bessent floating a 50 basis-point rate cut, a move that's sparked renewed crypto buying and lifted several altcoins. The suggestion of easier monetary policy has clearly galvanized risk appetite across digital assets, with ether, ADA and XRP taking the lead in this latest leg up.
At the same time, Bitcoin has climbed back above $120,000, but it's noticeably underperforming much of the broader crypto market — altcoins are outpacing BTC in this rally. I'm watching this rotation closely as traders reassess positions amid talk of a possible rate reduction.
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