The crypto market is on fire again, but this time, the fuel isn’t coming from “crypto bros” on social media. It’s coming from Wall Street, and it’s all based on a massive bet that the Federal Reserve is about to cut interest rates.
Ether, the second-largest cryptocurrency, is leading the charge, surging nearly 10% in the past 24 hours to $4,723.26, bringing its all-time high of $4,878.26 within sight. This rally is, according to some market observers, a calculated move by large, institutional investors who are flocking to risky assets in anticipation of a major shift in U.S. economic policy.
The Altcoin Surge
While Bitcoin has been taking a breather, altcoins (a catch-all term for…







