The S&P 500 just hit a fresh intraday record—and it's no accident. The rally's being driven by growing bets that the Fed might finally ease up on rates. Lower interest rates typically mean cheaper borrowing costs across the board, which historically tends to boost risk assets. For crypto traders, this matters. When traditional markets are riding this kind of momentum and liquidity is flowing, it often creates a ripple effect across digital assets. The question now: will these rate cut expectations hold, or is this just another head-fake? Either way, macro conditions are worth watching closely right now.