Fed Rate Cut Sparks Crypto Altcoin Boom: Ethereum Leads the Charge

Treasury Secretary Scott Bessent’s call for a 50 basis point Fed rate cut in September has sent shockwaves through traditional markets, but the crypto world sees it as a catalyst. The potential influx of liquidity is fueling an altcoin renaissance that might be just getting started. While markets were already pricing in an 89% chance of a 25bp cut, Bessent’s demand for double that amount promises to supercharge this shift. Ethereum, the clear beneficiary, is hitting record highs as investors capitalize on cheaper capital and increased institutional interest.