As inflation pressures appear to be weakening, market participants are increasingly betting on a significant interest rate cut by the Federal Reserve in September. Treasury Secretary Scott Bessent and investment leaders from BlackRock advocate for a reduction of up to 50 basis points, suggesting that current economic indicators, including CPI and job reports, leave the Fed with little choice. Various reports highlight an 80% chance of a 25 basis point cut, with speculation also rising around potential larger reductions. This environment has led to a surge in markets, with cryptocurrencies like ETH, ADA, and XRP showing notable gains in response to these expectations.