Treasury Secretary Scott Bessent proposes a 50-basis-point rate cut in September following robust inflation data and revised employment figures, sparking varied reactions in crypto markets.
Treasury Secretary Scott Bessent suggested a potential 50-basis-point rate cut in September after 'fantastic' inflation data and a downward revision of 258,000 jobs, prompting mixed market reactions including a partial reversal of Bitcoin's weekend rally and heightened altcoin expectations ahead of upcoming CPI data.