Ethereum Inches From Record, Dogecoin Soars — Here’s What Sparked the Surge

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Altcoins added to their rally on Wednesday in U.S. morning hours with Ethereum (ETH) nearing record highs, Solana (SOL) topping $200, and Dogecoin (DOGE) up double digits. The gains followed U.S. Treasury Secretary Scott Bessent’s suggestion that the Federal Reserve should weigh a 50 basis-point rate cut in September.