CRYPTO COMMENTS: The Fed Rug-pulls Bears
In this week’s Crypto Comments video, we discuss the liquidation-driven sell-off to start the week, tailwinds for mining stocks, and the improving macro picture with the Fed pause and declining dollar.
Click HERE for our full Crypto Strategy note.
Reports you may have missed
As we anticipated in mid-April, May 1st appears to have been a pivotal date for interest rates, which have broadly declined since the QRA and FOMC meetings. The release of soft jobs data on Friday has increased expectations for rate cuts within this calendar year. Flows are gradually beginning to return. https://vimeo. com/943861897/2d60db497b? share=copy