Wintermute: Crypto Bull Cycle Is Just Starting, XRP and NEAR Lull Is Healthy Consolidation
- —Wintermute says the crypto bull cycle is in its early stages, it is not too late to buy
- —BTC at $86,100, up 2.4% on the week; support $82,500, next target $90,000–95,000
- —Altcoin index fell 1.1%, its first weekly decline since early August
- —10-year Treasury yields at 5.35%, 30-year at 5.6%, the highest since 2008
Why it matters: The report frames the lull in major altcoins as consolidation rather than a reversal, but BTC's next leg now depends on Treasury yields and the Nov. 3 midterm elections.
Source: U.Today