Wintermute said crypto markets absorbed a risk reset before U.S. equities could fully respond, after the Federal Reserve held rates steady and U.S.-Iran talks lost momentum.
Summary
- Bitcoin moved before Wall Street reopened, turning weekend geopolitics into an early crypto stress test.
- Fed rate doubts returned as Warsh’s shorter statement removed guidance and kept inflation fears active.
- Strategy kept buying Bitcoin, but weaker ETF demand left the market without strong new buyers.
The market maker’s June 22 update said Bitcoin fell while stocks were still shielded by the Juneteenth market closure. It framed the move as a timing gap between always-open crypto…
