Wintermute noted that crypto markets absorbed a risk reset before U.S. equities could fully respond following the Federal Reserve’s decision to hold rates steady and the loss of momentum in U.S.-Iran talks. Bitcoin moved before Wall Street reopened, and traders grew more cautious on Bitcoin, Ethereum, and other liquid crypto assets. The Fed’s policy change also influenced market sentiment. Wintermute emphasized the importance of upcoming macro data and diplomatic talks in shaping market expectations. The market remains focused on whether fresh inflows will return and whether prices will bounce back from support levels.
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