Why is Crypto Up Today?

TLDR Treasury Secretary Scott Bessent suggested a potential 50 basis point Fed rate cut in September, boosting crypto markets Ether topped $4,600 for the first time since November 2021, rising 9% in 24 hours Total crypto market cap increased by $109 billion to $4.01 trillion following lower-than-expected inflation data Altcoins like Cardano, Solana, and Litecoin [...]

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