Ether, Cardano, XRP Rally as Bessent Floats 50bp Rate Cut
I view Ether, Cardano and XRP as moving into a fresh upward leg after Scott Bessent publicly floated a 50 basis point rate cut, which has lifted sentiment across crypto markets. I believe this renewed optimism around monetary easing is prompting buyers to rotate into major altcoins like Ethereum (ETH), Cardano (ADA) and XRP, fueling a rally in risk assets and crypto tokens.
From my perspective, the mention of a sizable rate cut has amplified liquidity expectations and boosted risk-on flows, supporting a lift in crypto prices. I’m watching how Ethereum, Cardano and XRP respond to follow-through buying, as this scenario could sustain momentum for the broader crypto market if central bank easing becomes more likely.
I remain attentive to volatility and macro drivers, but I see the recent price action as a positive technical and sentiment signal for ETH, ADA and XRP amid talk of a potential 50bp rate reduction.
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