Wintermute: Bitcoin Loses Inflow Support, Short-Term Caution Advised for Altcoins

Wintermute said in a post that the Federal Reserve’s meeting minutes show most officials expect another interest rate hike this year, with markets pricing in roughly a 20% probability of a hike at the end of October, while the U.S. 10-year Treasury yield rose to 5.24%. Against this backdrop, the S&P 500 rose 1.2% last week to hit a new all-time high, while the crypto market underperformed. The stock market’s gain was supported by expectations of corporate earnings growth, whereas the crypto mark

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