Wintermute says macro drawdown risk outweighs crypto catalysts as altcoins post first weekly decline since August

Wintermute says altcoins fell 1.1% last week, their first weekly decline since early August, while BTC rose 2.4%. With the US 10-year Treasury yield near 5.35%, the highest since 2008, and BTC's correlation with the S&P 500 rising, Wintermute says macro drawdown risk now outweighs crypto-specific catalysts.

Detected & updated continuously · Source: Nebula