@ijtuytr
Cuts/softer inflation lower discount rates and lift risk appetite. In the short run, front-end expectations matter more than realized cuts: dovish surprises, weak growth prints, and easier financial conditions typically spark broad crypto bids, high-beta first. The effect is magnified when USD softens and real yields fall. However, if cuts come with recession fears, quality rotates to BTC/ETH while illiquid alts can lag.