Federal Reserve Governor Waller’s suggestion of potential rate cuts amid rising unemployment has sparked optimism within the financial markets, leading to a rally in both crypto and traditional assets. Ethereum, in particular, experienced a notable surge of 26.3%, reflecting broader market sentiment towards a looser monetary policy. The anticipated cuts are seen as a proactive response to the increase in unemployment numbers, according to Governor Waller’s statements. 📈 💰 This shift aligns with historical market trends where changes in monetary policy often trigger an uplift in risk-taking behaviors. 📈 💰 Stablecoins on both Solana and Ethereum also saw record highs, further fueling investor enthusiasm. 🚀 Waller’s comments echoed those from previous Fed announcements in 2019 & 2020 where a positive correlation between rate cuts and cryptocurrency market gains was observed. 🧐 📈 Coincu research indicates that potential rate cuts could lead to increased capital flowing into risk assets, including cryptocurrencies, driving further bullish sentiment. This mirrors historical trends of quantitative easing stimulating growth in the crypto sector. 🧐