Turn to crypto-related stocks for gains as the long-awaited altcoin rally shows no sign of hope, according to Wolfe Research. Seasoned crypto investors have become used to a shift in market sentiment that usually follows new bitcoin all-time highs: Capital flows out of the flagship coin and into smaller, higher-risk cryptocurrencies known as altcoins. There have been two runups to new bitcoin records this year, but “alt season,” or altcoin season as the trend has become known, has not followed and isn’t likely to this year, Wolfe found. “It has been our call for months that investors should stick to bitcoin until we see life return to altcoins. That life has yet to come,” Wolfe analyst Read Harvey said in a Wednesday note. “The median…
