A simmering crypto rally boiled over into a full-blown frenzy during late US trading hours on Tuesday, after Treasury Secretary Scott Bessent dropped a bombshell suggestion that sent shockwaves through the market: the Federal Reserve should consider an aggressive 50 basis point rate cut. His words acted like rocket fuel for risk assets, unleashing a powerful new leg higher for altcoins while leaving Bitcoin watching from the sidelines. The market-moving comments came during an interview on Fox News, where Bessent […]
