Wintermute Analyzes the Growing Divergence Between Cryptocurrency Markets and Stocks

Short-term Factors and Outlook Reported

On June 1, Wintermute, a cryptocurrency market maker, released its weekly market report.

As of the same day, Bitcoin and Ethereum recorded a decline of over 4% from the previous month, while the S&P 500 index marked its ninth consecutive week of gains. This year has seen a stark 'decoupling' between stocks and cryptocurrencies...